The Bank of Neoxian - 2022-08-28

The Bank of Neoxian shall loan the sum of 0.15 BTC to @chronocrypto.
He promises to repay 0.1725 btc. He shall pay 333 usd worth of BTC per week until 0.1725 btc is reached. (15% interest). First payment shall be on Sept. 2nd, 2022.

The Bank shall pay to the address 1BR7cYSxZtvQcC34mtK6UbS6bjskYpwuKd.

@chronocrypto shall offer up the following collateral:

The Hive Account of @chronocrypto.

This includes the Staked Hive and WorkerBee of this account as well as the more minor staked coins on that account.

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 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.
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.
The Lendee agrees this contract remains valid regardless of any flags this contract post might receive.
Owner key(s) will be returned upon successful completion of loan.

Collateral is returned upon successful completion of loan.

Please sign below…

Posted using Neoxian City



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17 comments
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Thanks for showing this love and keep up the good work

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There's no better bank on Hive than the magnanimous Bank of Neoxian.

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Sounds interesting banking system in hive as you talk about the loan. Thanks for sharing this update with us. Always love to hear from you Neoxian💝

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It is great seeing use case of this kind on Hive.

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I just read this and am like do @neoxian give loan, I am not sure that is why i am asking but lovely interest and fair too 😊.

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I'm interested also, please include me in the budget

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