The Vurt Bank of Neoxian: daily contracts: 2018-05-25

in #bank6 years ago

The Bank of Neoxian shall loan the sum of 300 steem to @ewouso. He promises to return 345 steem in 15 weeks time. He shall pay 23 steem per week until 345 steem is reached. The date of first payment shall be on 2018 June 02.

The interest is 45 steem total but this may be reduced by 3 steem for each week early the loan is paid off. Example, paying off the loan 3 weeks early would result in 9 steem reduction in the interest.

@ewouso shall hereafter be known as the lendee..
To insure payment of this loan, the lendee promises to hand over their Owner key(s) to the bank. The bank will give back new active and posting keys to the lendee. The lendee affirms that the owner key(s) are given voluntarily and their account(s) are not stolen. They promise not to initiate the Stolen account recovery procedure.
The lendee agrees that if the Bank decides to change the active key(s) and keep them private, this does not constitute of breach of contract.
Lendee also consents to Bank changing the trustee if the Bank so chooses.
Owner key(s) will be returned upon successful completion of loan.


(Artwork is from the Vurt game, www.strangeassembly.com)

Neoxian-FINAL-FRAME2.gif

The Game Cat says:

Be careful,
be very careful.
This ride is not for the weak.

  • Vurt by Jeff Noon
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This contract is signed by me

Wow that's great Mr. @ewuoso and congress . I wish your success dear. And thanks @neoxian for share.

@neoxian,
The contract is good for the both sides! I like that interest deduction concept! Congratz!

Cheers~

You have this down to a science neox.

Glad to see the progress of The Vurt Bank of Neoxian... Keep it up!

I might be nosy so ignore me if you must but I am always wondering what do people who take these loans do with the steem or SBD, do they sell it for fiat or use them on steemit? Whatever the reason, I'm sure many are glad to have bank of neoxian here :)

They do it for all sorts of reasons, you will have to ask them.

I wouldn't ask, it's non of my business and I respect their privacy, I was just thinking out loud as my mind goes all over the place as it does, wondering about many things :) You are right that people do things for many different reasons :)

Congrats @ewouso for owing loan at this moment.

Good Luck @neoxian with your business

Be careful,
be very careful.
This ride is not for the weak.

Then the ride is for brave ones like me.
Congratulations @ewouso

congratulations @ewouso hope you use it well and it will serve you well...

game cat has got some nice advice

Congrats @ewuoso on the loan recieved
Nice art picture @neoxian
Your banking service is epic..KUDOS!!
👏👏

Congrats to @ewuoso, good one for you

Which village are you from?

Lol, your own village na, can't you remember me. We need to share some of this steem oo :)

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