💰Loan Service
Loaning Service available exclusively to Cuphead holders
How will the Loaning Service work?
The loan system will be done 100% manually at first, as we want to make sure no loopholes are exploited. Eventually, we plan to move on to an automated website, however, at first, we want our holders to have instant communication with us, just in case they have any questions. Your NFTs will be held in a separate hardware wallet to ensure their safety, if anything happens to your NFT, you will be refunded in FULL.
How will you gather the funds to pay the loans?
We will take 25% of the mint earnings and put them towards the Loaning Fund.
Project eligibility requirements
FULLY doxxed project
Stable Floor
Sustainable volume
Terms of Service
You will receive 50% of the Floor Price value
Maximum loan length is 14 days
If the loan exceeds 14 days, your item will be sold below FP.
Any questions can be asked via Discord, and exceptions may be made if you are unable to gather the funds to pay the loan back, however, it will be unlikely as the terms are already flexible.
1% interest rate per day (we will beat any competitor's interest rate). For example, if your loan was 3 days, you pay a 3% interest rate, 8 days, 8% interest rate, so on. This includes the days exceeding the deadline.
The loan will be paid in SOL and must be paid back in SOL.
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