Cryptocurrencies has been a strong force in the financial world in recent times and obviously many investors are considering this as a strong venture. For this to materialise, bitbond is a blockchain based project that would provide a very reasonable investment option for all who would want to invest in cryptocurrencies.
ABOUT BITBOND
Although, Bitbond is a blockchain based project, it is already an established company in Germany which has been in operation for several years. STO token would be issued by Bitbond Finance GmbH, a company that is wholly owned by Bitbond GmbH. Bitbond is the first ever crypto-currency lending platform for business loans that operates in many parts of the world. Established in 2013, Bitbond now facilitates more than $1 million in SME loans every month. Bitbond has been operating as a regulated financial institution with existing product which is a lending platform. There are also existing users who have benefitted from loans that have been facilitated by Bitbond.
OPERATION OF BITBOND STO
The sole purpose of Bitbond STO is to
fund business loans of entrepreneurs across the globe. The returns are then paid quarterly payment and yearly profits to all participants or stakeholders. The maturity period is 10 years after which all BB1 tokens shall be bought back for 1 EUR per each token.
There is also a secondary market that is Stellar Decentralized Exchange (SDEX, access via Stellarport or stellarX) and the first tier centralized crypto exchanges.
The underlying asset are basically business loans.
With bitbond STO, with the exclusion of US and Canadian residents, any individual can invest in this profitable venture.
UNIQUE FEATURES OF BITBOND STO
It is the first German STO with an approved prospectus.
There is an avenue to generate quarterly passive income for the token holder over a period of 10 years - Bitbond buys back all tokens at the end of the day.
It has provided a reliable service with over EUR 13 million in loans issued
BENEFIT FOR INVESTORS
Investors will receive a fixed annual coupon of 4% that would paid out on a quarterly basis (1% every three months) as well as variable coupon which is based on a share of the profits generated by Bitbond Finance (60% of pre-tax profits) throughout the entire maturity of the token which is 10 years). The variable coupon is generally based on the investment decisions of Bitbond Finance and also the performance of the underlying loan portfolio.
In order to give the best possible experience, Germany's first security token would run on the Stellar blockchain which has speed blockchain platform for the payment, processing and issuing of tokens.
The Bitbond Token (BB1)
The Bitbond Token (BB1) has been Germany's first security token and hence makes business lending globally accessible to all. The BB1 token is very secure and stable when compared to other crypto-based investments since it is legally regulated. Bitbond Finance’s STO operation is in full compliant with EU Regulation.
DETAILS ON THE TOKEN AND IT'S SALE
Token name: BB1
Token is estimated at 1 BB1 = 1.00 EUR
Token type: security token, bond
Mode of Payment Accepted : BTC, ETH, XLM, EUR
Pre-sale period: March 11th - April 22nd over EUR 2 million raised
Main-Sale is on until July 8th 2019
Remember to use BB1STO to enjoy a 3% discount on BB1 tokens! At the end of maturity, Bitbond Finance will buy back the token at the original price of €1 after 10 years. During the period of investment, an investor can earn 4% interest with a high profit participation. You can visit the official website through my affiliate link; https://www.bitbondsto.com/?a=IJZOMV
CONCLUSION
For anyone who is interested in cryptocurrencies and the investment opportunities that it brings, Bitbond is an STO that needs to studied for further understanding.
Find more details on the project visit the links below;
BITBOND STO WEBSITE
PROSPECTUS
BITCOINTALK ANN THREAD
TELEGRAM
PROOF OF AUTHORSHIP
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2511518