The Bank of Neoxian shall loan the sum of 250 usd to Akbar. (akbar#6493 in discord, @nasarakbar in whaleshares, @nasarakbar in Steem). He promises to repay 290 usd. He shall pay 50 usd per month until 290 usd is reached (40 usd for the final payment). The first payment shall be 2019-01-16.
The money amounts are in terms of USD, but are transacted in Steem, SBD, Wls, BTS, or other crypto. The website coinmarketcap.com shall be used to determine the prices for purposes of payment. The Rudex exchange shall be used to determine the price of Wls for purposes of repayment.
Akbar shall offer up his whaleshares account @nasarakbar for this loan.
Akbar 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.
The Lendee promises not to power down the account(s) to the point where the collateral would be less than the owed value, or if it is necessary to powerdown to pay the loan, then the full powerdown should go to the bank.
Owner key(s) will be returned upon successful completion of loan.
Note: the Bank shall pay the 250 usd worth of steem to Steem account @nasarakbar. Price will be locked in at time of sending.
Please sign below...
Hi @neoxian,
I agree.
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@neoxian,
I am just asking, don't you feel STEEM might rise back to it's previous high? If that happens, this contract might not a good one for the bank isn't it?
Anyway congratz for the contract!
Cheers~
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It's always possible for a deal to turn out bad.
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Great loan, with that Christmas is resolved !!
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Congratulations to the beneficiary and good energy for the one who made the proposal, that this initiative be a gain for both.
Good energy.
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the bank is back in action
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Very helpful initiative it can be used in emergency cases.
Posted using Partiko Android
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Thank you for your continued support of SteemSilverGold
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Hi @neoxian!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 7.355 which ranks you at #58 across all Steem accounts.
Your rank has not changed in the last three days.
In our last Algorithmic Curation Round, consisting of 235 contributions, your post is ranked at #62.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
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Just saw this Carl Sagan’s Photo! Looking very young. He’s such a genius and kind person.
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