Update of current loan details with @mrwang's account which is being powered down to power up payments!
The idea of a steem loan service is off to a good start. Funds were raised through the community to help another user in need. In this instance it was @mrwang. To help him get his truck back on the road. At this point the account is being powered down to make bigger payments sooner to help pay down the loan more quickly. Account still has a balance of 2,796.170 STEEM POWER which is more than enough to guarantee the pay back value of the outstanding loan.
The next power down is scheduled to happen in 7 days.
Steemit Loan Update for 8/14 - Testing an example of using a steem account as loan collateral
First payments were issued to partners for working together as follows:
Payout amounts of $16.05 + $2.49 + $5.76 + $11.32 = $35.62 / 2 = $17.81 (@mrwang's share) /2 = $8.905 (partner shares)
Transfer 8.905 SBD to bycompoundfilms payment sent by virtualgrowth
Transfer 8.905 SBD to steemitafterdark payment sent by virtualgrowth
These payments are for their 50% share for working with @mrwang on some posts:
8.026 SBD, and 6.725 STEEM POWER for mrwang/crypto-crush-beta-testing-and-bounty-hunters
Crypto Crush Beta Testing & Bounty Hunters
1.246 SBD, and 0.989 STEEM POWER for mrwang/behind-the-scenes-teaser
behind the scenes teaser
2.879 SBD, and 2.234 STEEM POWER for mrwang/cryptocrush-announcement-and-challenge
CryptoCrush - Announcement and Challenge
5.657 SBD, and 3.903 STEEM POWER for mrwang/crypto-cartoon-looking-for-graphic-designers-blocktrades
"Crypto" Cartoon - Looking For Graphic Designers - BlockTrades
Steem (Backed) Dollars (SBD) Balances & Payments
| User | Total (sbd) | Previous Balance | Paid (sbd) | Balance (sbd) |
|---|---|---|---|---|
| @quinneaker | 715.274 | 622.097 | 171.073 | 451.024 |
| @virtualgrowth | 44.402 | 38.615 | 10.620 | 27.995 |
| @patelincho | 9.486 | 8.247 | 2.269 | 5.978 |
| @konelectric | 2.371 | 2.06 | 0 | 2.06 |
| @mattclarke | 4.743 | 4.128 | 1.134 | 2.994 |
| @reedracer | 4.743 | 4.128 | 1.134 | 2.994 |
| @holoz0r | 1.054 | 0.919 | 0.252 | 0.667 |
STEEM Balances & Payments
| User | Total (steem) | Previous Balance | Paid (steem) | Balance (steem) |
|---|---|---|---|---|
| @quinneaker | 573.354 | 498.859 | 117.681 | 381.178 |
| @virtualgrowth | 35.592 | 43.314 | 10.218 | 33.096 |
| @patelincho | 7.604 | 0.239 | 0 | 0.239 |
| @mattclarke | 3.802 | 0.119 | 0 | 0.119 |
| @reedracer | 3.802 | 0.119 | 0 | 0.119 |
| @konelectric | 1.901 | 1.714 | 0.404 | 1.310 |
| @holoz0r | 0.845 | 0.027 | 0 | 0.027 |
Payments will continue from rewards earned by @mrwang's posts & account powering down.
Recent Payments
2 minutes ago Transfer 0.404 STEEM to konelectric 3rd loan payment
2 minutes ago Transfer 10.218 STEEM to virtualgrowth 3rd loan payment
3 minutes ago Transfer 117.681 STEEM to quinneaker 3rd loan payment
12 minutes ago Transfer 0.252 SBD to holoz0r 3rd loan payment
12 minutes ago Transfer 1.134 SBD to reedracer 3rd loan payment
13 minutes ago Transfer 1.134 SBD to mattclarke 3rd loan payment
14 minutes ago Transfer 2.269 SBD to patelincho (3rd loan payment)
14 minutes ago Transfer 10.620 SBD to virtualgrowth 3rd loan payment
15 minutes ago Transfer 171.073 SBD to quinneaker 3rd loan payment
59 minutes ago Paid 59.499 STEEM for 85.173 SBD
59 minutes ago Paid 42.882 STEEM for 61.665 SBD
1 hour ago Transfer 8.905 SBD to steemitafterdark payment sent by virtualgrowth
1 hour ago Transfer 8.905 SBD to bycompoundfilms payment sent by virtualgrowth
Thank you for everyone bringing this idea into a reality as a way to help each other and use our new found cryptocurrency possibilities.
Please check out recent posts of users who support this project
Big Thank You to @quinneaker as the largest contributor. You may check out his blog/post to return the favor of his support.
Establishing A Real World Market For $teem & Increasing The Tangible Value: Custom Hand Made Medicinal Jewelry Necklace Available For $teem by @quinneaker
virtualgrowth to speak at 2nd Annual Americas Summit 2017 Workshop Sessions in San Francisco September 6th by @virtualgrowth
Announcing my exciting new competition; I'll be choosing one steemer to unfollow, each day for the rest of the year. by @mattclarke
holoz0r plays Pillars of Eternity: Part One [of Many] by @holoz0r
Best, @virtualgrowth
