#Orbito question
smoky kayak
First off mods, hopefully creating this thread is fine, I don’t want to clog the server share area.
That said great question! So first off, it will be impossible to use force to take money since all these assets are digital on the Stelo Finance network (if you don’t know how that works lemme know).
If you were to however take out a loan there would be 2 options. The first is targeted at businesses and that is a contractual loan. Where we somehow come to an agreement of what would happen if you didn’t pay back the loan. If you’re in a big nation than maybe the contract may include seizing something until repaid. However, these types of loans would really only be given out to trusted parties or only smaller amounts to untrusted parties.
The second type of loan would be a collateralized loan. This would be where you lock up some assets you don’t want to sell, but still need money to buy something. Say a valuable asset that is increasing in value, maybe hexite (for this example). So you lock up the hexite with us and get your loaned out money. Now, if you don’t pay it back and the interest piles up to be almost the value of the hexite, then we’d just sell the hexite to recoup the costs. Technically you’d still have the loaned out money.
@jolly nova
jolly nova