The Sigil Bank of Neoxian

The Sigil Bank of Neoxian

The Bank of Neoxian shall loan the sum of 8000 usd to Darren Claxton (@iamdarrenclaxton). He promises to repay 9200 usd. He shall pay 200 usd on the first month and then 400 per month thereafter, until 9200 usd is paid. First payment shall be Oct 13th, 2021.

Bank will pay 8000 usd in BTC to 3KTHV59KsSLk6KryRaerz1gKDrTiJEb5oY

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.

Darren Claxton shall offer 16 plots of Land in the Splinterlands game (token name PLOT) as collateral. Any SPS generated from said plots are also considered collateral.

Collateral is returned upon successful completion of loan.

Volatility protection clause

FOR A PAYMENT MADE ON A SCHEDULED DAY
The Bank may opt to value the payment currency value at an average price 
over a 24 hour period.  

FOR A PAYMENT MADE OUTSIDE OF A SCHEDULED DAY
The Bank may opt to value the payment currency at any price the currency 
had during the last 3 days.

Prices are determined from a pre-agreed oracle.  
https://www.coingecko.com shall be used if nothing else is specified.

Please sign below...

@raymondspeaks has also generously offered to cosign this loan. His signature is required before loan begins

(pic of Sigil found on https://thewertzone.blogspot.com/)

Posted via neoxian.city | The City of Neoxian