The Cosa Nostra Pizza Delivery Bank of Neoxian: daily contracts: 2018-12-04
This post contains two contracts.
The Bank of Neoxian shall loan the sum of 400 steem to @ulqu3. He promises to repay 450 steem. He shall pay directly to the bank via powerdowns until 450 steem is reached. The powerdown shall be setup within a day after this loan is signed.
@ulqu3 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.
The Bank of Neoxian shall loan the sum of 100 usd to @rhondak. She promises to repay 112 usd in four weeks time.
The money amounts are in terms of USD, but are transacted in Steem, SBD, or other crypto. The website coinmarketcap.com shall be used to determine the prices for purposes of payment.
@rhondak 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.
Please sign below...
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Read, understood, signed. Thank you!
Awesome!!
Read, Understood and signed.
I see lyricism as one of your interests. Are you a member of Steemit Music Association?
https://discord.gg/JpWhJQj
Yes I am, though I haven't dropped any new material recently.
@neoxian,
I like that contract of STEEM! I think it's the best solution while this high fluctuation (Actually bear) market time! Congratz for all parties who involved here!
Cheers~
I Agree!! Following YOU!!
Hi can we do a deal @neoxian, can't find you on discord anymore for some reason.
ok got you on discord
The luxurious pizza anyone can had ;) congratulations
whats the point of borrowing 400STEEM?
Not trying to be a dick, im just trying to understand why so many people borrow steem.
Why does anyone borrow anything? You'll have to ask my clients that.
thats was really directed at the client. I dont foresee you really getting involved with why they need it. Its just seems novel to need to borrow that small amount in my mind!
Great God, $ 400, I think I have that in a year or less in my country
I want a pizza now haha
The number 1 bank on the Steemit blockchain.... Always affordable, reliable and safe
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Cosa Nostra pizza delivery, wow the bank today Italian, Greetings Neoxian, it's always a pleasure to say hello
Thank you for your continued support of SteemSilverGold