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BCHFTW
2139d
#LEND5 Stats:
Average length of loan 4 days.
Total debt volume 3,0875 USD.
Total interest paid 0,000005479452 BCH.
Total loans 1
replied 2139d
My grandmother goes through a critical state of health, could anyone donate me some BCH? please sou Venezuelan and we are having a bad time

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replied 2139d
So I basically borrowed .01 lend5 ... And 5 days later I ears 578 Sat's :)
BCHFTW
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Well its not a lot in interest, but the total loan was 3 USD for 4 days, if you had lent me 1 BCH for 6 months it would have looked different :)
BCHFTW
replied 2139d
I would say; You basically lent me 0.01 BCH, and as collateral you got 0.01 LEND5 and after 4 days you got 578 sats
Calm_down_stupid 15kFCL
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Collateral ??? A SLP token it took you like 2 minutes to create and cost about 1 cent USD !! Collateral lol !!!!
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🏇
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The numbers look good boss. Keep up the good
BCHFTW
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Trust is built in the token for each debt settled. Thats why I am starting with small sales of LEND5, 2 x 0.25 BCH and 1 x 0.5 BCH for sale now
BCHFTW
replied 2139d
As a token of trust, I can post a picture of 2 oz of gold coins with LEND5 written on a white paper. I have no problems handling debts in the ballpark of 10 BCH.
Calm_down_stupid 15kFCL
replied 2139d
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This is comedy gold, pun intended lol
replied 2139d
He may be suggesting a trust token..
replied 2139d
That isn't trustworthy lol. Don't fall for token scams, especially if they're only backed by individual users on social media
replied 2139d
I just realized its been 5 days
BCHFTW
replied 2139d
No my friend, the LEND5 was sold on the 05th, today is the 09th, that is 4 days.
replied 2139d
This is why we need a constant time clock. The 5th should start the count. Not 5+4=9. It's the 5th, 6th, 7th, 8th, and 9th. .. 5 days
replied 2139d
He might make the first few payouts, but you don't want to have to rely on a single social media user for dividends, or anything really. Better to go with decentralized options
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Now hold on a sec... Because I wouldn't want this same rumor going around Collier Coin... 🤔
replied 2139d
Not a rumor, just objective investment advice. Memo is revolutionary platform, but not immune to token scams. This is crypto, after all
Simon Van Gelder
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Trust in the issuing authority is everything.
replied 2118d
agreed :)
replied 2139d
Ok understood :) thanks for clarifying
BCHFTW
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He calls me a scammer (with no proof) and pretends its objective investment advice... Im not even going to dignify it with an answer
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dix is tough... Like you really have to prove him wrong by showing everyone everything everywhere lol
BCHFTW
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Isn`t that what im doing when I paid you back ? and will keep doing that to you again and others too. I will even list smaller amounts of LEND5 so that the risk is lower for borrowers.
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I'm not complaining...
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I'm not complaining...
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Your approach is more transparent since it's pretty much all onchain, and you'll build up trust over time. But a fixed income crypto lending scheme run by one guy is shady af
BCHFTW
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No, the 5th should not start the count, that is not how it works. Not on crypto loans or in fiat world when it comes to loans.
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Lol no one is gonna want to wait a day for it to take place... Crypto is 24/7
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It should take place at point of sale😉
BCHFTW
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Several lending sites on crypto, like BTCPop, Bitbond, Poloniex to mention a few does it this way. They are not alone, every other lender in the worlds also does it that way.
BCHFTW
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Many crypto lending sites list and fill loans with borrowers who offer no collateral, other than their previous payment reputation. This token is no different.
BCHFTW
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Essentially yes, however each transaction on the blockchain back and forth between lender and borrower of LEND5 is trust building.
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Verified 👍