Bailsman

Bailsman offers a quick and easy blockchain-based security deposit solution for clients who don’t have the required amount of money or simply prefer to spend it on something else.

Whitepaper

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What is Bailsman

Bailsman provides a third party guarantee to the merchant for a small monthly fee, which is paid by the client, instead of making the security deposit payment and tying up the cash. Merchants can rest assured as there is no risk of not receiving the requested claim amount. Bailsman only provides guarantees that are 100% backed by licensed financial institutions or telecom companies, and will be paid out irregardless of the customer’s financial situation. BAILS tokens are utility tokens that can be used inside the Bailsman platform: as a means of payment for guarantee holding fees with a 5% discount off the service fee and as a means of payment for other services to be provided inside Bailsman's platform.