Huge Shout Out to @coininstant for their Generous Hive Power Delegation of 10,000 HP! Your Support has Earned you the First Project Backer rank to be Issued to Your Account at Launch!

Many thank you's and transfers of grateful gruntings to Hive account@coininstant who just a few moments ago decided out of the blue to delegate 10,000 HP to my account, for what I can only assume is a show of support for the Hive.Loans future development. Because of the generous show of support when the site launches their account will be upgraded to the rank of Backer which effectively unlocks an additional 5% range to be specified in newly created lending contracts allowing them to ask up to 35% interest rates on their supplied loans. This makes them the first official Backer earned by pledging user of the Hive.Loans project and their username will be added to a page on the site.

Users without Backer rank will be able to create lending contracts with an fee up to 30%.

Currently the only way to earn the Backer ranking for your future Hive.Loans account is to follow the instructions regarding showing your support on the temporary page currently up at the Hive.Loans website. Their is a contest posted on the Hive.Loans site running for the next 8 or so days at which point the user who has the top spot on the backers leaderboard will have their rank upgraded to Benefactor. Only a single Benefactor rank will be given away and that will entitle the user holding the rank to receive a payment at the end of each month totaling 10% of the Hive.Loans service's revenue generated through contract / withdrawal fees and tamper fine income.

Thanks Again Hive account@coininstant for your show of support! Your Backer role is now secured for launch!

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