Bitbond — The first global business lending platform

Thanh TO
7 min readMay 28, 2019

The crypto ecosystem is a new avenue of investment but it is full of uncertainty because its value and market has fluctuation features. Since this system came into existence, some project has done wonders while others have struggled and many already died down. Choosing of a viable platform to make investment is very important in this ecosystem, or else, you are at your own risk. Let me use this opportunity to introduce a reliable platform I can guarantee you all in terms of making an investment.
INTRODUCING BITBOND

Bitbond is a financial platform based in Berlin Germany that specialize on lending money to the needed business people. It is a platform that gives people opportunity to buy share through the company and earn a certain percentage of profits at the end of agreement. This project has upgraded the platform by revolutionizing the platform to a decentralized financial platform for lending purposes. The Bitbond aim now is to tokenize their platform for ease lending and borrowing of money business pioneers and increase their investment fortune. So therefore, the Bitbond has innovated a BB1 token as an assets for investment through this platform. This BB1 token is a security token registered with a law firm organization governing this ecosystem.

Bitbond has recently published a prospectus approved by German regulator BaFin to raise capital by devoting a security token bond into the Stellar blockchain, without a depositary Bank, without vouchers or certificates and intermediaries. Differently, from what occurs with traditional bonds, no commission/premium/agio will be charged to subscribers. Additionally, the dimensions of the STO is substantial, with an ambitious.

This really Is a big step Ahead, this is Ultimately the match changer which people have been waiting for at the previous 12 months. If anything, It would have been on a smaller and much more flexible authority to have the ability to finalize this original.

The German motion is so critical for the business enterprise. It Sends a very clear indication that Germany is presently contributing to the STO race and is about to take your business. At least among conservative German medium-sized company owners? — ?who in my own experience are incredibly much enthused in “keeping base secure at home”.

With the doubts of Brexit? that can penalize attract prospective STOs from other EU nations. In the Long Run, the fiscal Infrastructure in Frankfurt is topnotch, Berlin is a leading technician and crypto hub with lots of very expert crypto advisers and legal advisors and the marketplace for prospective STO candidates one of German SMEs is only the largest in Europe. Therefore it’s there to the German STO marketplace to flourish and grow.

THE UNEQUAL FEATURES OF BITBOND THAT MADE IT UNIQUE

The Bitbond Token (BB1)
The Bitbond token is the first created security token in Garmany and the aim of its creation is to enable that; the lending of money to businesses can be accessed globally. This token is issued the platform finance with the acronym;

Stellar Blockchain
This is another feature of bitbond whereby this platform link up with stellar blockchain so that it investor can have an incomparable experience. With this link up, the transaction will be fast. This is because the Stellar Blockchain can and successfully process above 1000 transitions in a second.
Another benefit that investors stand to enjoy as a result of this linkage is that bitbond payment procedure will be reliably processed. This is because the payment procedure of stellar Blockchain is superb.

OTHER BENEFITS OF INVESTING ON THE BITBOND PLATFORM

Easy access to a loan.
The primary function and objective of bitbond is the issuance of loan to business owners. So as an investor, you have the access to a loan for the financing of your business.
Another beauty of it is your interest will be significantly low compared to non-investors.
Earn four percent and participation profits.
As an investor, you are liable to four percent of the platform earning. In addition to that, whenever you participate in the platform activities such as bringing people to invest and also to get loans, you stand to get a high commission rate.
Partake in Profit from Bitbond’s success from six years.
As a new investor, you stand a chance to enjoy from the past 6-year profit of the platform.
The fact that you don’t need to run heter sceptre when you need money is enough reason for you to invest in this platform. Think about today and take decision.

TOKEN SALE (STO)
To be able to boost funds Bitbond Finance will issue a security token bond using a hard cap of $100M. The money of issue is that the Euro, though investors may additionally pay the principal sum in crypto. The business is going to issue BB1 tokens having a minimal value of $1 and also symbolizing a debt instrument (Bond) paying a yearly interest of 4 percent, payable in quarterly installments. Additionally, it is going to cover a variable interest level equivalent to 60 percent of the earnings realized by Bitbond GmbH in its own business actions (if any). The BB1 tokens will be issued to the Stellar blockchain. The length of the bond is 10 decades.

Minimum rights or their pledge? — ?otherwise possible with routine securitiesUnder civil contract laws — ?are negated in this scenario (art. 7.2.8 limited prohibition of assignment ). This Is a Result of the fact that the transport of rights to the token Must be allowed only if done during the Stellar blockchain, which lets the purchase and transportation of the whole ownership of the token instead of ancillary rights. Hence the investor admits utilizing the prospectus to enlarge from pledging or delegate the rights to the tokens away from the Stellar blockchain. This Is Critical to preventing a struggle between what Could be lawfully possible under civil contract laws and what is practically Attainable with the blockchain.

ADVANTAGES

Prices
First of All of the issuance direct prices are a portion of People that have a similar classic bond. The Largest direct price is for Advertising and sales at about $400.000, then $120.000 for lawful and A mere 0,6% lead prices if For hints, referrals and benefits for affiliates.
No Intermediaries
No commission/premium/agio is going to be paid by the subscriber. The issuance is Direct into the investor along with the BB1 tokens will be allocated through Smart Contract Straight into the Stellar wallet of this investor.
Liquidity
The liquidity remains a problem to be confirmed as there’s not any real market for trading these tokenized bonds. Anyhow, the possible benefits are liquidity and there will slowly improve with the increase of the business and the participation of conventional monetary players. I don’t have any doubt that monetary operators, even while
being”disintermediated” about the token-bond issuance stage, will split themselves an energetic and rewarding part in trading these tokens and therefore will bring liquidity into the markets (market-makers will emerge ). Anyway, conventional financial instruments like commercial newspapers or small company bonds can also be highly illiquid. Here we have the capacity to make international blockchain based marketplace where those securities could be traded. It’ll come, together with time.
Programmability
Another advantage is that the programmability of these tokens via Smart Contracts. In this Specific situation, a script is programmed which implements Automatically all of the measures about the payments of interests and Redemptions, in addition to the calculation of the market rate and of those figures Due along with the allocations into the pockets. Manually from the issuer, therefore, in the long run, it’s semi-automated.
Risks
However to dig more deeply and analyze more carefully a few of the dangers. Leaving aside the apparent dangers that are common to almost any company and to some investment in financial tools, I would love to concentrate on these dangers that are more opaque and more inherent to the work of crypto lending. When Bitbond brings crypto to small companies via its features.

Conclusion

It is important to realize that Bitbond brings benefits bilaterally and benefits here not only the investor who bought BB1 token, but also the entrepreneur who applied for help in Bitbond. That I believe an important fact in our days. For me personally, this project once again proves the effectiveness of blockchain technology in the modern world. When everyone can become a part of something bigger, and also allow another person to realize some dreams and plans. Moreover, all this is carried out in a reliable and transparent way, as it has all the necessary legal licenses and agreements.

WEBSITE: https://www.bitbondsto.com

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