Loan/Sloan Thread-Defined Skill Equity Contracts

This thread is to talk about the sloan and loan concepts as they apply to staking. It is also a chance to apply for a sloan from me. All you need to do to apply is list your screen names and the dollar amount you are looking for. If all payments are made on time then you will always be approved in the future for the same amount or higher.

As a staker I would like the ability to give a blanket dollar amount to someone and have them give me back a percentage of what they can make off of that money over a specified period of time. This is a difficult thing to do on here since many of the stakes revolve around MTTs.

This person would be left with plenty of options because the daily obligation of the sloan is so small that they could play 25 cent 90 man sngs and easily meet it. If they go busto and decide to default it gives you a real indication of what their dedication and discipline is. This person would have to make a deposit to meet their obligation or totally default.

Here is how the payment would look:

50 dollar sloan for 20 days

Daily payment 3.25 cents per day for 20 days.

This includes the original amount and investment return.

The base roi for a sloan is 1.5 percent per day. It could be any period of time that is agreeable.

The player has two choices of payment.

He can pay the stake back with the roi daily or he can pay just the roi daily and pay back the original stake in a lump sum. So in this type of agreement on 1000 dollars the person would pay 15 dollars per day to maintain the contract and then a lump sum payment of 1000 when both partys agree.

Chipmeup would get paid 10 percent of the daily roi for as long as the sloan is outstanding. So on a 100 dollar sloan they would get 15 cents per day which woudl be the responsibility of the person being staked. Obv Chipmeup would change this amount to something else. But if we are going to test this idea it would be good to send them something to make it viable.

Another way a larger sloan could be made is using the share concept and then having the person pay back shareholders the same as an individual person. In this way a person could apply for a sloan though the share purchasing system and a person could easily buy shares over multiple pools of players to control risk of default.

To test this idea I would like to make three 20 dollar sloans.

The terms would be a daily payment of 30 cents followed by a lump sum payment of 20 dollars or a payment that includes the principle and return over 20 days. Which would be 1.30 cents per day for 20 days.

And you would want to collect this everyday? Most sites have a min you can transfer so how would you get your 1.30 everyday for the next 20 days? I’m not sure how your coming up with the intrest on the money maybe I missed something somewhere if so make it simple and spell it out for ppl.