Bitbond is a blockchain based money lending platform that is dedicated towards supporting and improving small and medium scale businesses. This company was established in Germany in the year 2013 and ever since then, they have been able to achieve business advances of over $1million each month. Bitbond is aware of the difficulties that borrowers and lenders passes through on conventional money lending platform, hence they have come with an excellent solution that will completely annihilate these problems.
What major problem is Bitbond platform aiming to get rid of?
Borrowers are constantly being faced with the challenge of having to pay extremely high interest over money borrowed due to the numerous intermediaries they have to go through before getting loans, not only borrowers are being faced with this challenge, even lenders are also being affected and as a result, they do not get the real value of their money they used in investing.
The Solution being offered by Bitbond?
Ever since the advent of blockchain technology by Satoshi in the year 2009, we have seen tremendous developments in the blockchain industry through several projects, a very important part of the development is the advent of smart contracts in 2013 via Vitalik Buterin, the inventor of ethereum network. Initially, Bitbond platform was only dealing with fiats without dgital currencies, however, they have decided to adopt the smart contract technology in order to allow utmost transparency and efficiency on the platform.
Bitbond services are fast and affordable without any intermediaries involved which is responsible for increase in interest rates being paid on loans on other platforms.
What are the Advantages of Bitbond?
- Users are enabled to perform many activities without paying much
- Bankers can relate well with the set up with lesser fees
- Use of SWIFT to make money transfer and also communication between lenders and borrowers
- Loan approval within 24 hours and
- Easy application.
About Bitbond STO (Security token offering)
Bitbond is conducting a security token offering which will be the first of its kind in Germany and it is being managed by Bitbond finance. The symbol of the token is BB1 with a total supply of 100million and price of 1euro per token.
Highlighted below is the breakdown of the fund usage;
- Provision of working capital to Bitbond 10%
- Administration, marketing,affiliate program 10%
- Investment in SME loans on the Bitbond platform 40%
- Financing of junior notes to leverage available capital 40%.
Bitbond is making great efforts toward the boosting of small and medium scale businesses which will eventually assist in the growth of the business, therefore, these businesses need not worry about how to get their business funded anylonger because Bitbond will succeed in helping them achieve their business goals.
For more information and enquiries, please check the link below;
WEBSITE
TELEGRAM
LIGHTPAPER
PROSPECTUS
ANN THREAD
FACEBOOK
TWITTER
MEDIUM
REDDIT
INSTAGRAM
YOUTUBE
Bitcointalk Username; amusanmikel2
Bitcointalk link; https://bitcointalk.org/index.php?action=profile;u=2305577
Bitbondaffiliate link; https://www.bitbondsto.com/?a=SWXVEF