The 5D Chess Bank of Neoxian: 2020-10-17

in The City of Neoxianlast month

The Bank of Neoxian shall loan the sum of 3500 usd to @chronocrypto. He promises to repay 3850 usd. He shall pay 250 usd per week until 3850 usd is paid. First payment shall be Oct 30th, 2020.

Bank shall loan in either Eth or BTC, whichever has more favorable fees. Client shall repay using some major crypto the Bank accepts (including BTC, ETH, Hive)

Coingecko shall be used to determine prices.

Also, client agrees to cover any transaction fee cost.

@chronocrypto 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.
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.

Please sign below...


(pic from blogspot.com)

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I agree

I clicked on this post thinking it would contain actual chess content. 😂
Instead I stumbled upon an interesting concept. 10 % interest is very good, especially in the crypto world where one knows what he/she is doing.

Cool contract. Good luck. May you both prosper from this exchange.

How I wish I can loan such amount haha just joking, good luck and more power!