We have successfully started carrying out the process of a loan for steem with 93.613 SBD more open to contributors to earn interest if interested.
Receive 1508.000 SBD from quinneaker For loan based on virtual growth post of contract terms, current value of SBD is $0.91215 as base USD value of laon
1508 SBD @ $0.91215 = $1375.5222
Transfer 1508.000 SBD to blocktrades eafd2d8e-1258-458a-abf7-a9520deeac1d
Transfer 0.001 SBD to virtualgrowth quinneaker loan sent to @mrwang's blocktrades address by virtualgrowth
Remainder sent by @virtualgrowth to top of @mrwang's loan request of $1,500
Transfer 135.835 SBD to blocktrades eafd2d8e-1258-458a-abf7-a9520deeac1d
Loan contributionss of 1508 + 135.835 = 1643.835 SBD ($1500)
1508.000 SBD from @quinneaker
Receive 20.000 SBD from patelincho loan for @mrwang
Receive 10.000 SBD from reedracer for @MRWANG truck needs
Receive 10.000 SBD from mattclarke Loan to @mrwang
Receive 2.222 SBD from holoz0r loan for @mrwang
===================
42.222 SBD
+93.613 SBD contributed by @virtualgrowth
=======
135.835
Anyone may contribute to the loan up to the amount contributed by @virtualgrowth by sending SBD to @virtualgrowth including loan for @mrwang in the memo.
Contributors will receive partial payments as auther rewards are earned by @mrwang's account until the loan is repaid. These payments will be paid 50% in SBD and 50% in STEEM.
Total pay back will be 779.703 SBD & 625 STEEM as stated in amedmendment to the loan:
Base loan of $1,500 to be paid back in $1,575 in STEEM would equate to $787.5 in each for 779.703 SBD & 625 STEEM
Author Rewards will be split 50/50 in SBD & STEEM at market values then distributed to loan contributors from @mrwang's by @virtualgrowth.
Open to further pursuing the idea of Steem loan if there is interest and market of such possibility to expand on this potential use.
This F-150 Needs Your Blessings... An Urgent Crowdfund Project
$1,500.00 USD Loan request by @mrwang to be managed by @virtualgrowth
Steem Loan Idea Being Explored with a loan to @mrwang managed by @virtualgrowth
Offering My Steemit Account As Collateral For A Community Loan
Steem(it) Blockchain Loan Agreement
Thank you @holoz0r, @mattclarke, @mrwang, @patelincho, @quinneaker, @reedracer
It would be nice if can make thing simple.
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This post received a 4.8% upvote from @randowhale thanks to @beautifulbella! For more information, click here!
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Well even though there is no thank you in this post for my generous sum, I am happy to have helped and hope this power of Steem fuels @mrwang to GodSpeed!
I will even give it an up vote.
I think this is a really cool idea that if an account and system were implemented could be very useful for a lot of people and quite risk free and lucrative for all parties involved.
Excited to be a part of the beginning stages of this potential development.
SteemON!
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Thank you very much and most welcome @quinneaker! This wouldn't haven't have come together so quickly without your generous sum!
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Yes Indeed~
SteemON!
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Great and upvoted but if you've any clout can you get @ned and others to fix some of the basics first please https://steemit.com/steemit/@katythompson/to-the-founders-ned-and-others-quick-wins-to-make-steemit-less-complicated-for-newcomers
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Can't wait to see the truck back on the road!
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I don't get the idea of this whole thing. Why would anyone would take the SBD loan only to pay it later higher. Infact, Minnows are specially not so good to pay off the loan amount.
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Take the loan to help out and share value with each other.
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Great post it´s allways good to know about this things!
Im following you !
Resteeming this to my followers. Hope it helps a little.
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I'm confused. lol
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hello, like and voted
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Great work .keep up.the good work
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Thanks for sharing this great post.
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great idea,that's the first time i've heard of a steam loan,very interested upvoted resteemed and followed.
keep up the good work
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Great Brother
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well done @virtualgrowth and all involved!
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great
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Steemit Bank.....the wheels are turning.
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Haha, interest idea is good. In case you get clients, don't forget to tip me!!
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I need loan. Is this system still there?
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Yes potentially, but loan consideration would require collateral of crypto or steem account.
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