>>17235678Not a bad idea, but before you get stormed by hordes of yes-men let me point out some things you have to consider in order for the scheme to be successful. Consider it tough love
because I don't want it to flop, a newfag investment scheme would be great for promising new players.1.) You need to factor in risk. I assume that you are not doing it pro bono - if you are, ignore this point. In Nasfaq, there are no contracts or legal obligations, repaying the loan would be entirely up to the person who took it. Even if you are convinced that 9 out of 10 people taking a loan will repay it, that single person who wouldn't would cut very deep into the profits of the scheme, and due to inability to act on it could encourage further cases of fraud.
The idea of a collateral isn't a bad one, but hats usually sell for 100k-200k outside of special cases, which means that defrauding the money is still more profitable.
2.) You need to factor in taxes. In your example, your total profit would be... just 44k, assuming you pay them 526k (so they receive 500k) and they pay back 600k (meaning you receive 570k). You can of course make the loan-taker pay all the taxes, but that makes the scheme less attractive.
Generally speaking, this would be devastating for a single-week length deals, so you should consider only doing this scheme for longer time periods, such as 4-5 weeks.
3.) I'm not sure if basing it off dividends is a smart choice when talking about newfags, since the main differentiating factor are profits from adjustment trading. Total net worth change % or change in wallet composition times average coin price would be a better indicator for it, but you'd need smaller rates than stake in portfolio for it to be profitable for newhags also.
4.) Linked to 3., you should probably make some kind of floor- or thread-based application process to see their networth grow and trading performance.
There's a reason why loaning was considered but overall didn't take root, mostly due to 1.) and 2.), but that doesn't mean that you shouldn't try with newfags instead of established players, who can easily triple their net worths in a week, meaning there's a higher potential reward for loaning, even at a risk. I wish you luck in the scheme regardless.
