$BLA Starter Policy

Policy for $BLA Tokens

1. Eligibility for Getting $BLA:

   • Verified Account Needed: Have a verified account on our platform.

   • Sufficient ETH Ownership: Own enough ETH to use as collateral.

   • Compliance with Regulations: Follow all relevant laws and our platform's terms.

2. Collateral Specifications:

   • ETH as Collateral: Only ETH is accepted for getting $BLA.

   • Collateralization Ratio: Provide collateral worth at least 115% of the $BLA you want.

   • Adjustable Ratio: The collateralization ratio may change based on market conditions.

3. Acquisition Limits:

   • Determined by Collateral: Your limit is based on your ETH collateral's value.

   • Limit Observance: Do not get more $BLA than your maximum limit.

4. Interest Rate on Acquisition:

   • Current Rate: 0% interest for getting $BLA against ETH.

   • Rate Variability: The interest rate can change at the platform's discretion.

5. Repayment Terms:

   • Repay in $BLA: Repay your acquired amount in $BLA tokens.

   • Flexible Repayment: Repay at a time that works for you.

6. Liquidation Conditions:

   • Collateralization Ratio Explained: The ratio of your ETH collateral to the acquired $BLA.

   • Liquidation on Ratio Change: If market shifts reduce your collateral's value to or below your acquired amount, we may liquidate your ETH.

7. Risk Awareness:

   • Market Volatility: Understand the risks of market fluctuations on both your ETH and $BLA values.

8. Regulatory Adherence:

   • User Responsibility: Ensure you're following all laws and regulations related to getting $BLA.

9. Policy Changes at Platform's Discretion:

   • Right to Alter Policies: We may change or end the acquisition policy at any time.

10. User Agreement:

    • Acknowledgment of Terms: By getting $BLA, you agree to these terms. Non-compliance can lead to suspension or termination of your privileges.