Good morning Treechat! After yesterday, thinking about busi…

Minenclown ·

Good morning Treechat!
After yesterday, thinking about business models, i am here to take a step and offer you something i was doing for myself and family for almost 2 years.
Right now i am lacking the backend and have to do everything manually, but its working so i thought i maybe go to the public, looking for interested people.
Since no real dex offers BSV lending/borrowing i would like to cover this somehow inside this thread.
How it works?
Besides BSV i do fiat. That means i am investing/staking. Right now my income is at $20 to $30 per week. This enabled me and my family members to be our own bank, loan against ourselves and let the loan be paid off by staking rewards.
Now i want to offer you my service - Yes this will be trust based - i could scam you. I just don't have an interest in scamming. I don't have the skills to create a dex on my own and want it to exist at BSV because of its benefits i have myself. And i want to build my reputation.
How do i want to realise it?
I thought about a token on 1sat, but lets see if you guys are interested first.
I will only take up to $50 value in 2 week periods and pay out $52,5 = 5% after this 2 weeks. I will pay out in BSV. If you recieve less BSV at the end because the Chart went up, i won't cover this. So you should be purely interested in dollar value for now.
(Note: I pay out a max of $52,5 every 2 weeks. Your payout goes into a queue if i already paid 52,5 dollars to an earlier loan issuer)
In the future and if people are interested in this modell i will plan to setup a dex myself (which obviously takes time). Just here to see if there is interest in the first place.
Is it legal? If i stay below $100 000 in peer to peer loans - yes. So you are not really investing, you are giving me a loan which i pay you interests on.
Let me now if you want to "work" with me.

Replies

Minenclown ·

To make it clear:
2 week period payouts - $52,5
$2,5 as interest in 2 weeks is a ~125% apr
I do not get 125% apr, but it is still worth it for me to do it. I simply take some of my rewards - handing it out to you as a gift for your trust.