 | Bitbond (BB1) |
Blockchain Lending Platform to announce STO of Tokenized Bonds
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What is Bitbond
The Bitbond Token (BB1) is Germany's first security token and aims to make business lending globally accessible. The issuer of the token is Bitbond Finance GmbH, a company fully owned by Bitbond GmbH. Token holders will receive 1% interest on their invested amount every quarter (4% per year). Additionally, token holders receive a variable coupon paid out once per year. Both the quarterly and the annual coupons continue for 10 years, at which point the token reaches its maturity and is bought back at its face value of 1 per token.
Bitbond Roadmap
Launch of Bitbond as a peer-to-peer lending platform
Kicked-off scoring with transactional seller data from eBay
First Seed funding round led by Point Nine Capital
Bitbond obtains a license by German financial regulator BaFin
Further equity and first institutional debt funding by Hevella Capital
Rolled out enhanced cash flow modelling for automated scoring
Start of cooperation with Jumia and Delivery Hero
Averaging 1 Million in loan volume month on month
Launched STO at 12:00 pm and by 00:00am we had reached 1 million EUR in investment
Token Sale Dates
ICO
Token Allocation
Funding Details
Restrictions
Canada, United States
Token distribution
100% - Public Sale
Funds allocation
80% - Investment Vehicule Bitbond Finance GmbH
10% - Bitbond GmbH
10% - Marketing and Administration
Token Price and Payment Options
Project team
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