Bitbond Token: The German Security token.

Bitbond Overview

Bitbond is the first decentralized business lending platform operating worldwide in more than 80 countries. The project belongs to Bitbond GmbH, a registered company in Germany. It has one of the most worthy financial licenses of the country from the BaFin regulator.

In the past decade, the entire world has witnessed a steady growth in the popularity of this blockchain technology and the cryptocurrency. To this end, there have been significant disruptions in the majority of local or global industries.

However, regardless of the experts of the boom, investors are suffering in the perils of their conventional ICO-based approach to investing on the marketplace. Moreover, in a lot of ways, the capability to produce decent profits in their investments was restricted to the large fishes in the business.To be able to mitigate these problems, Bitbond, a German FinTech startup has produced the procedure of Security Token Offering (STO) because of substitute of this First Coin Offering (ICO).

The greatest news is that Stellar has been recorded on Coinbase Guru, among the most well-known wallet and exchanges solutions. Coinbase Guru includes a daily volume of about 70 million dollars, which makes it among the largest US markets.

Another significant headline was that the launching of this Bitbonds STO, A security token offering, accepted by the German financial regulator, which accumulated over a thousand dollars on its first day. The newly-sold safety exemptions are in fact bonds, depending on the Stellar blockchain, together with interest paid outside in Stellar Lumens.

The funds raised are utilized to make loans for SMEs established all over the world. The Bitbond STO began this Monday and will last until the end of April, or when theyhave attained the hardcap of $100M — roughly $113M. The sale includes a soft cap of $3M (roughly $3.3M). Residents in the united states and Canada are limited and all participants should pass KYC requirements.A Bitbond spokesperson confirmed to Crypto Briefing they’d increased more than $1M on the initial day of this sale.

They expect to push beyond the 2M mark “shortly” Money raised in the STO proceed towards arising loans for Bitbond’s customers. Interest accumulated in the loans is paid per cent to BB1 holders in the kind of XLM tokens, which could quickly be converted to fiat monies or stablecoins the moment they’ve been issued.Bitbond runs its worldwide lending company on Stellar; it made sense to conduct their offering to precisely the exact same network.

And there is yet another thing to look forward to, and that is the Cash 20/20 summit in Singapore. Stellar Founder Jed McCaleb is scheduled to become among the speakers, also IBM’s Jessie Lund has hinted they’re going to make a large joint announcement.

Bitbond Benefits

Bitbond project did not appear by chance, it was preceded by various problems that have met and still occur in all countries of our world. Almost every second small and medium-sized entrepreneur is faced with the lack of adequate funding for their business ideas or a ready-made working model. As a rule, they seek financial assistance from various banks or other financial institutions. Which in turn do not always have the opportunity to support every entrepreneur.

The concept of Bitbond eliminates this problem, helping to develop small and medium-sized businesses in all corners of the planet by means of high-tech tools and technologies. All they want to offer mothers now is to become part of this direction and help to develop business lending to small and medium-sized businesses became more affordable.

Token

To do this, the founders of Bitbond are ready to offer us security tokens, each of which is a bond based on the BB1 tokens proposed by the project. If we talk about the technical side of the issue, the BB1 security tokens are created on the basis of the Stellar Lumens blockchain and will be distributed by means of STO, as well as work with all online wallets that support this blockchain.

The use of borrowed funds is shown in the photo:

Partnerships

Team

To Conclude

Bitbond STO project has been tested and approved by the financial regulator BaFin in Germany, which further increases the effectiveness and relevance of this investment blockchain instrument.

FOR MORE INFORMATION ABOUT THIS AMAZING PROJECT,PLEASE VISIT THE LINKS BELOW

Website: https://www.bitbondsto.com

Telegram: https://t.me/BitbondSTOen

Lightpaper: https://www.bitbondsto.com/files/bitbond-sto-lightpaper.pdf

Prospectus: https://www.bitbondsto.com/files/bitbond-sto-prospectus.pdf

ANN thread: https://bitcointalk.org/index.php?topic=5130337.0

Facebook: https://www.facebook.com/Bitbond/

Twitter: https://twitter.com/bitbond

Medium: https://medium.com/bitbond

Reddit: https://www.reddit.com/r/BitbondSTO/

Instagram: https://www.instagram.com/bitbondofficial/

Youtube: https://www.youtube.com/user/Bitbond

Author by: Taiwoplatinum

Bitcointalk username: taiwoplatinum

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2562542

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