Bitbond - The first global business lending platform!🌍💰
About the project
Bitbond is the first decentralized business lending platform operating worldwide in more than 80 countries. The project belongs to Bitbond GmbH, which is officially registered in Berlin (Germany) and has one of the most worthy financial licenses of the country from the BaFin regulator. For the founders of Bitbond it is a great honor and a tribute from the German regulatory authorities. Given the fact that this is the first blockchain platform in Germany, which received this license.
Since the founding of the company (2013) Bitbond GmbH has already successfully established itself and show itself in many countries of Europe and Africa. It has accredited more than 3,000 small and medium-sized businesses worldwide, totaling more than 13 million euros. At the current time, the founders of Bitbond are able to provide monthly loans in the amount of about 1 million euros, which is a worthy result, which the developers assure they do not intend to stop.
How does it work?
Bitbond vets the borrower just like a bank would but also uses AI to check their social media accounts, their linkedIn, Facebook & Twitter profile or Credit card or Paypal history.
You can choose what project or what person you want to invest your money in or opt for auto-invest and let Bitbond pick several opportunities that fit your risk profile. You can also see if the borrowers have been keeping up with their loan payments.
Loans on Bitbond have terms between 6 weeks and 5 years.
On Bitbond you can make an average 13% APY on a globally diversified portfolio of small business loans. The difference this can make in your earnings is huge. Let’s say you put $1,000 aside. This is what you will earn in interest after 3 years.
What if the borrower defaults on the loan?
Should a payment be late for more than 90 days the loan is in default. The claims on all outstanding payments will be passed to a debt collection agency. This has a number of negative economic and legal implications on the borrower. Especially the ability to close new contracts like a mobile phone plan or a car lease become impossible as a result of collection. Amounts that are collected from the borrower will be paid to the lenders after deduction of collection costs.
As you can see the risk far less than when you invest in some HYIP that can run off with your money at any time. I advise to diversify and spread your risk over multiple projects and people as the minimum amount for a loan is 0.01 Bitcoin, this way you spread your risk even more.
Team
Partners
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.
You can use this information for a detailed study of the project:
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
Bitcointalk username: Werlot
STO affiliate link: https://www.bitbondsto.com/?a=VJAKRI
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2558487