Bitbond: Avoiding Cryptocurrency Volatility While Collecting Passive Bond Coupon Income
Many new cryptocurrencies have failed to deliver returns to investors despite having a great use case. Perhaps now is the time to re-think speculative holds of cryptocurrency altcoins as a way to make money… there are other ways.
A few tokens are charting a different path to crypto-success like Bitbond’s BB1 token. Bitbond Finance GmbH was founded in 2013 with the goal to provide loans to small and medium businesses that qualify.
Since starting the company has provided loans to businesses with over 100,000 users and over 2,000 loans already funded. Bitbond’s cumulative loan volume has continued to increase exponentially since its 2013 inception.
The exponential growth of Bitbond is nothing short of impressive. The loan volume in 2017 was ~$3,000,000 and in just 2 years the loan volume increased 4 times to $13,000,000 annually. As Bitbond is becoming established it seems as if the growth potential will continue. The company estimates that by 2020 the annual loan volume will be ~$25,000,000.
A contract between the lender (Bitbond Finance GmbH) and borrower is set up to borrow a specific quantity of money. The loans have a duration of anywhere from six weeks up to 5 years. The borrowers are first assessed for financial stability and qualify getting a rating before their loan is granted. Similar to know your customer (KYC) businesses have to verify their identity and financial soundness prior to qualifying. Bitbond uses Bitcoin as a medium of exchange reducing the time and fees associated with executing the loan contract.
Capital for the loans is raised through its BB1 token. As a token holder (investor), the rate of return on holding BB1 tokens is attractive and one way to add passive income to your cryptocurrency portfolio. Quarterly dividends are paid in Stellar Lumens (XLM) which can be held or exchanged for other cryptocurrencies (or exchanged for fiat). The quarterly coupon bond rate is 1% or 4% per annum.
Bitbond is a proven use case and a established lending platform – its continued growth shows that it is only improving with time as a solid performer. Recent partnership (March 2019) with BitPesa and expansion of its loan and payment systems to several African countries is one example that shows the ongoing expansion and uptake by Bitbond.
Bitbond has a strong future and avoids the risk of cryptocurrency volatility. Bitbond is a strong recommended buy for long term passive income.
If you found my article of interest and you want to invest in Bitbond during its STO, visit the portal here: https://www.bitbondsto.com/?a=PFMUAI
During the STO, BB1 tokens can be bought with BTC, ETH, XLM and EUR until July 8th, 2019.
Links:
Bitbond STO website: https://www.bitbondsto.com/
Bitbond Prospectus: https://www.bitbondsto.com/files/bitbond-sto-prospectus.pdf
Lightpaper: https://www.bitbondsto.com/files/bitbond-sto-lightpaper.pdf
Article written by: g.m.tyshenk
