Bitbond* is the world’s first global blockchain lending platform and the Bitbond STO is Germany’s first Security Token Offering. It’s kind of a big deal.
From a legal point of view, the STO is an endeavor undertaken and managed by Bitbond Finance, which is a 100% subsidiary of Bitbond. This means that Bitbond Finance is the issuer of the BB1 token.
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Now, let's dive into the discounting tiers. Those who are signed up to the Bitbond STO waiting list will get an exclusive early-bird opportunity to invest in the STO 30% discount. As a successful investor, your BB1 tokens will be issued on the Stellar blockchain.
Taking place between 11th March and 10th May, the STO will have five stages, with discounts ranging from 30% to 3%. The top tier 30% discount will only be available between 11th March and 1st April to those on our waiting list who take action within the first 12 hours.
The discounts will then be staggered before the regular sale price of €1 opens on 23rd April.
The funds raised by the STO will be used in a couple of directions.
It is forecast that Bitbond Finance is going to allocate 40% of the funds to investments in SME loans on the Bitbond platform.
Why should this matter?
Bitbond’s mission is to make lending accessible for the 120 million small and medium-sized enterprises (SMEs) around the world. By using blockchain technology to facilitate international payments, we have already funded €13 million worth of loans in over 80 countries.
Bitbond makes revenue by charging origination fees to borrowers and repayment fees to investors. The origination fees range from 2-3% of the loan amount. The repayment fee ranges from 0.5-1.5% of the total repayment. With the annual loan volume is forecast to exceed €1 billion by 2022 and as Germany’s first BaFin regulated blockchain company, it’s time to scale the business - and your investment -to the next level.
The crypto industry has seen too much hyperbole, failed projects and disappointed investors. We’re offering a new breed of stable crypto investment with fixed income returns that other asset classes don’t deliver today.
Unlike the wild west landscape of Initial Coin Offerings (ICOs), STOs actually offer a token that represents a real security-backed asset. Everybody who invests in the BB1 token has an exposure to a highly diversified portfolio of small business loans.
Token holders will receive 1% interest on their invested amount every quarter (4% a year). You will also receive a variable coupon based on the profits of Bibtond Finance, paid out annually. Both the quarterly and annual coupons continue for 10 years, at which point the token reaches its maturity and is bought back at its original price of €1 per token.
Bitbond Finance leverages the Stellar blockchain to provide efficient and instant international transactions. As a token holder, you will benefit from:
✔ Instant Transferability: The BB1 token is distributed to investors’ wallets when the STO ends and is immediately transferable
✔ Efficient Transactions: Stellar is the most efficient blockchain, dramatically reducing the cost of global transactions Stellar is the most efficient blockchain, dramatically reducing the cost of global transactions
✔ Easy Setup: When purchasing the BB1 token, holders will be automatically setup with a Stellar wallet, or choose to use their own
This isn’t just about stable returns. Bitbond Finance is also going to pay you a 5% commission for every friend who invests through your affiliate link. You can join us in introducing the world to Bitbond, Stellar and Germany’s first STO by sharing your affiliate link across social media. For example:
Earn €500 for generating investments totalling €10,000
Earn €1,000 for generating investments totalling €20,000
Earn €50,000 for generating investments totalling €1 million
To get your affiliate code, fill out this form. Once you have verified your email address, you will receive a welcome email which also contains your personal affiliate code. By filling out the form you will also sign up to the waiting list.
Keep an eye on your inbox this week for important details about the Know Your Customer (KYC) process and more detailed posts about the STO, including an in-depth, independent report from Kintaro Capital.
A reminder: all the action is taking place on the waiting list. At the risk of sounding like a broken record, it is essential that you are on this list of you want to take full advantage of the 30% discount. Thanks for reading, and we’ll be in touch again soon.
*Bitbond Finance GmbH is a Bitbond GmbH subsidiary. Bitbond GmbH owns 100% of Bitbond Finance GmbH. This content represents solely a nonbinding preliminary information which serves exclusively advertising purposes. The content is neither an offer nor a solicitation of an offer to purchase token or securities issued by Bitbond Finance GmbH. The information in these pages does not constitute investment advice or investment recommendation. The greatest possible care has been taken in the preparation of this content, but errors and omissions remain reserved.
Please find the binding Bitbond STO prospectus here.
A non-binding English translation of the Bitbond STO prospectus could be found here.