1. Collateral Eligibility
The loan is secured against your Usable SDB Tokens (unlocked tokens). Eligible shareholders are pre-assigned 10% of their restricted tokens for immediate collateral use.
3. Annual Interest Rate (APR)
11% (equivalent to approximately 0.92%)
Perpetual (No set maturity date)
$100 equivalent in SDB Tokens
$100,000 equivalent in SDB Tokens
Principal + Total Accrued Interest + Management Fee (Paid in one sum upon closing)
8. Minute-by-Minute Interest
On a $1,000 loan, the interest charged per minute is approximately $0.00020928
As interest is calculated based on Annual Compounding, if the loan remains outstanding after 365 days, the accrued interest is automatically capitalized (added) to the principal, and the subsequent interest is calculated on the new, higher balance