So I basically borrowed .01 lend5 ... And 5 days later I ears 578 Sat's :)
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 :)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
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.
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
Not a rumor, just objective investment advice. Memo is revolutionary platform, but not immune to token scams. This is crypto, after allYour 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
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.
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.
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.