We have come to a point where decentralized platforms are important in our daily affairs. At the time digital assets became prominent with the launch of Bitcoin (BTC), no one expected that it would come this far. Just as these currencies improve digital transactions, they also help in solving real-world problems. Getting loans through centralized entities like banks usually entails going through stress, waiting for so long, and maybe at the end your loan won't be granted probably because it didn't meet requisites like collateral security. The Bitbond team want to curb this arising issues by enacting a more robust approach; crypto lending solution.
Introducing Bitbond
This project is not only bringing innovation to decentralized transactions using cryptocurrencies; it also works tirelessly to facilitate loans using crypto coins. Interestingly, it has relevant features that will shoot its goals to the moon. While we swim in the ocean of happiness projected by Bitbond, it’s also imperative to discover the problems that brought about this innovative project.
Current Issues
Bitcoin was the enigma in cross-border transactions in a decentralized format as opposed to fiat's SWIFT. However, Bitbond is fixing one of the biggest issues in the crypto-sphere, which is accessing loans with cryptocurrencies. On that note, the high cost of transactions and the lags will now be under control.
What sets Bitbond apart?
This project is the first security token offering (STO) that is coming from Germany. With its base at Berlin, Bitbond is on a mission to facilitate the mainstream adoption of crypto coins. One of the ways to achieve this is to enable loans. At the time of its launch in 2018, it facilitated loans using Bitcoin (BTC). The unique thing about this formulation is that it boosted massive use of Bitcoin, as more persons sought and accessed loans using the coin.
Benefits
Bitbond has many advantages over traditional payment structures like SWIFT. In addition to offering low fees, it also ensures real-time transactions without intermediaries.
The STO Approach
It's important to protect users from the continuous acts of hackers that are ready to cause them massive loss. In light of hacks on exchanges and a palpable fear of losing one's assets, Bitbond opted to introduce a security token that will boost the security of users and assets.
As proof to its dispositions to make transactions safer and smoother, it already has the approval of relevant agencies around the globe. For instance, BaFin, which is Germany’s largest financial coordinator, as approved the activities of this project. In the same regard, it has the nod of the European Union to transact within the region. On that note, it’s clear that Bitbond has working features.
Architecture
The blockchain basis of every decentralized project is always a cause for concern because this determines its success or failure. In Bitbond's case, it forged an alliance with one of the largest and most efficient blockchain-based platforms in the world – Stellar. Considering the fact that it aims at enhancing cross-border transactions using crypto coins, it's imperative to use a viable platform that has proved its mettle in the field.
The choice of the Stellar blockchain is because of the efficiency that ensures “zero lag” on transactions. On the same note, the platform has the capacity to facilitate many transactions in real-time and at low costs.
Token Specifications
Ticker: BB1
Token Type: Security Token
Platform: Stellar
Price: 1 BB1 = 1 EURO
Soft Cap: €5 million EURO
Hard Cap: €10 million EURO
Accepted Currencies: Stellar (XLM), Fiat, Ethereum (ETH), Bitcoin (BTC)
Country of Registration: Germany
Not Participating: Canada and the USA
Conclusion
Security tokens are becoming rampant these days. The essence of Bitbond is to enthrone faster transactions and enable crypto loans. With working frameworks and backing from relevant sources, this project is ready to hit the moon.
Get more info about this mind-blowing project below
STO website (sign up here) 👉 : https://www.bitbondsto.com/?a=ANRECZ
WP: https://www.bitbondsto.com/files/bitbond-sto-prospectus.pdf
Lightpaper : https://www.bitbondsto.com/files/bitbond-sto-lightpaper.pdf
Bitcointalk ANN thread : https://bitcointalk.org/index.php?topic=5130337.0
Telegram group : https://t.me/BitbondSTOen
Twitter : https://twitter.com/bitbond
Facebook page: https://www.facebook.com/Bitbond/
YouTube : https://www.youtube.com/user/Bitbond
Instagram : https://www.instagram.com/bitbondofficial/
Writer's info
Bitcointalk username : deodivine1
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1390292
Bitbond Affiliate link : https://www.bitbondsto.com/?a=ANRECZ