Crypto Loan

Technical Documentation for a Cryptocurrency Collateral Loan

CA: 0xB2846aF4dA40d9432C8Fb880F0Fd1eeF63543A33

Introduction

This document describes the technical specifications of a cryptocurrency collateral loan.

Loan Technology: Fully decentralized and automated process based on smart contracts in the BSC network, open source code, no servers involved, all operations are conducted on the BSC.

Credit Asset: USDT BEP-20

CA: 0xB2846aF4dA40d9432C8Fb880F0Fd1eeF63543A33

Collateral Asset (choice of): BTC - BEP20, ETH – BEP20, SOL - BEP20, AVAX - BEP20, DOGE - BEP20, SHIB (BEP20), TRX (BEP20), BCH (BEP-20), BNB

BTC - BEP20 0x7130d2A12B9BCbFAe4f2634d864A1Ee1Ce3Ead9c

ETH - BEP20 0x2170Ed0880ac9A755fd29B2688956BD959F933F8

SOL - BEP20 0x570A5D26f7765Ecb712C0924E4De545B89fD43dF

AVAX - BEP20 0x1CE0c2827e2eF14D5C4f29a091d735A204794041

DOGE - BEP20 0xbA2aE424d960c26247Dd6c32edC70B295c744C43

SHIB - BEP20 0x2859e4544C4bB03966803b044A93563Bd2D0DD4D

TRX - BEP20 0xCE7de646e7208a4Ef112cb6ed5038FA6cC6b12e3

BCH - BEP20 0x8fF795a6F4D97E7887C79beA79aba5cc76444aDf

BNB https://coinmarketcap.com/ru/currencies/bnb

Revenue Distribution

• 50% of net revenue (loan interest) is directed to a staking deposit to increase it.

• The remaining 50% is sent to the credit deposit to increase it.

Loan Amount Calculation

The loan amount is calculated as -30% of the current price of the asset.

For example, if you pledge 1 Bitcoin (market price 43,000 USDT), the available loan will be 30,100 USDT (70%), considering the available amount in USDT in the credit deposit.

Opening a Loan/Staking

To open a loan/staking, a fee of N (dependent on market price) TNR BEP-20 must be paid.

Only 1 loan can be opened at a time per address

Loan Term

• 30 days: 12% annual interest, minimum loan amount 100 USDT.

• 60 days: 12% annual interest, minimum loan amount 100 USDT.

• 90 days: 11% annual interest, minimum loan amount 100 USDT.

• 180 days: 10% annual interest, minimum loan amount 100 USDT.

Mandatory Payment Procedure

Payment must only be made through the Tenere.cash website in the Loan Payment section, or in BSC SCAN from the wallet that was used for the collateral loan.

The payment must be made in one full amount (mandatory payment in full).

In case of sending an amount greater than the mandatory payment - return of the excess amount (except for early repayment).

Example for a 180-day loan:

Loan start: January 10, 2024, 10:00 +30 days.

• First payment due by February 9, 2024, 10:00.

• Second payment due by March 10, 2024, 10:00.

• If the second payment is not received, an additional period of +15 days is provided.

• Second Payment must be made by March 25, 2024, 10:00 (second payment + 30 USDT penalty).

• Third payment due by April 9, 2024, 10:00.

• Fourth payment due by May 9, 2024, 10:00.

• Fifth payment due by June 8, 2024, 10:00.

• Sixth payment due by July 8, 2024, 10:00.

Loan Calculation Example:

For a 1000 USDT loan for 60 days at 12% annual interest:

• 1000 USDT + (1000 USDT * 0.12 / (360 / 60) = 1020 USDT (Total debt: Loan + Interest)

• Monthly payment: 1020 USDT / 2 = 510 USDT

Overdue Payment Procedure

Payment must be made only from the crypto wallet from which the loan was taken as collateral.

If no mandatory payment is received within 30 days, an additional +15 days is provided for replenishment (mandatory payment + 30 USDT penalty).

The payment must be made in one full amount (mandatory payment in full + 30 USDT penalty).

In case of sending an amount greater than the mandatory payment - return of the excess amount (except for early repayment).

Note:

When repaying overdue payments, the date of the next mandatory payment remains unchanged.

If the payment is not made within 30 + 15 additional days, the borrower's (client's) access to collateral assets (BTC - BEP20, ETH – BEP20, SOL - BEP20, AVAX - BEP20, DOGE - BEP20, SHIB - BEP20, TRX - BEP20, BCH - BEP20, BNB) is permanently blocked. The contract owner can withdraw the blocked collateral assets.

Partial Repayment/Payment

Partial payment: not available

Partial repayment: not available

In case of payment of an amount less than required, the funds are not returned

Early Repayment

Early payment must be made only from the crypto wallet from which the loan was taken as collateral.

Early payment must be made in one full amount (principal debt+ interest for the current month + 30 USDT commission).

In case of sending an amount greater than the early payment - return of the excess amount.

If you want to make early payment for loan but you have overdue debt, you need to pay (principal debt+ interest for the current month+30 USDT Penalty + 30 USDT commission).

Example:

If the client paid the mandatory payment in the first month and wanted to repay the loan early in the middle of the second month, they need to pay only the principal debt without interest for the second month.

Early repayment: Principal amount of debt (without interest) + 30 USDT commission.

Withdrawal

Withdrawal of the collateral becomes available only after (full repayment/early full repayment) of the loan.

Withdrawal of the collateral is carried out automatically (after full repayment/early full repayment) of the loan.

If the payment is not made within 30 + 15 additional days, the borrower's (client's) access to collateral assets (BTC - BEP20, ETH – BEP20, SOL - BEP20, AVAX - BEP20, DOGE - BEP20, SHIB - BEP20, TRX - BEP20, BCH - BEP20, BNB) is permanently blocked. The contract owner can withdraw the blocked collateral assets.

Deposit/Withdrawal of the Credit Deposit:

50% of net revenue (loan interest) is sent to the credit deposit to increase it.

The contract owner can deposit/withdraw USDT from the credit deposit.

The contract owner cannot withdraw the collateral funds (BTC - BEP20, ETH – BEP20, SOL - BEP20, AVAX - BEP20, DOGE - BEP20, SHIB - BEP20, TRX - BEP20, BCH - BEP20, BNB) of clients who successfully fulfill their obligations to pay the mandatory payment.

Client funds are protected by a smart contract and are safe.

Attention:

By taking out a loan, you confirm that you have read the technical documentation for the cryptocurrency collateral loan and agree to the terms, no claims are accepted.