🔥⭐[ANN] BITBOND STO - Germany's First STO⭐🔥 - page 10.

julgaut

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Quote from: rijaljun on April 16, 2019, 12:58:00 PM

A lending platform? What makes this different from other scam lending platform beside the type of token which is security one? I think there are too many underperformed lending projects already.

Hi,

As part of IR Team at Bitbond STO, I'm qualified to answer to your questions.

• Analyze the performance of our lending platform on https://www.bitbond.com/statistics (340% YOY Growth)

• Check our licence as a financial institution on the official website of Financial Regulator BaFin on https://portal.mvp.bafin.de/database/InstInfo/institutDetails.do?cmd=loadInstitutAction&institutId=146194

• Bitbond is a VC-backed Fintech startup and the institutional investors are presented in the Team section on www.bitbondsto.com

• We get mentioned on a regular basis by reputable financial news company (Germany: https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/krypto-start-up-bitbond-bafin-genehmigt-erstmals-virtuelle-finanzierungsrunde/23991380.html, Reurters: https://ca.reuters.com/article/technologyNews/idCAKBN1ID07Y-OCATC)

Like in many other startup verticals, there are only few highly valuable players in the lending space and Bitbond is one of the front-runner!

Thank you for pointing out this topic.

Julien l Bitbond Team

julgaut

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Quote from: michaelcrypson on April 16, 2019, 10:34:27 AM

My main question is why did you jump into the blockchain industry when you are successful outside of it? What does the blockchain system give you that your non blockchain system could not deliver?

I like projects that are simply not having a fundraising because they want to earn a lot and are jumping on the hype train.

Hi,

As part of IR Team at Bitbond STO, I'm qualified to answer your questions.

Since its inception in 2013, Bitbond has always integrated blockchain technology in replacement of the inefficient and expensive SWIFT system. We evolve from Bitcoin Blockchain ecosystem to Stable Coin like EURT, and finally, we created our own one: BB1.

Additionally, this is the first German real security issued as a token, without banks' involvement. Which has brought a lot of attention around Btibond as per this article: https://thebitcoinnews.com/bitbond-bafin-approves-germanys-first-security-token-offering-sto/

Thank you for the relevant question!

Julien l Bitbond Team

julgaut

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Quote from: jamesbean on April 15, 2019, 10:18:24 AM

Do you have an competitors in the centralised world / decentralised market?

I see you have a rather effective company behind the STO, which is promising.

Hi,

As part of IR Team at Bitbond STO, I'm qualified to answer your questions.

Bitbond has built over the years a competitive positioning in the SME Lending space by delivering:

• Instant Funding up to 50 000€
• Online Application with Same Day Approval
• Tailor-made Working Capital Financing solutions
• Innovative Partnerships with eCommerce, Fintech and Marketplaces

In the decentralized market, crypto lending platforms are mostly providing consumer credit line or loan facility against crypto collateral.
At Bitbond, we have expertise in assessing creditworthiness of complex and fast-moving SMEs.

Thank you for the relevant question.

Julien l Bitbond STO

julgaut

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Quote from: tommydavis45 on April 15, 2019, 04:35:13 PM

What exchange(s) will/do you plan to be listed on? Also to you plan to burn tokens if not all tokens are sold during the STO, to increase value?

Hi,

As part of IR Team of Bitbond STO, I'm qualified to answer your questions.

• After the end of the subscription period on May 10th the token will immediately be tradable on the Stellar decentralized exchange which can among others be accessed here:

https://stellarport.io/home
https://stellarterm.com/
https://interstellar.exchange/#/home

In addition we are in advanced talks wit renown centralized exchanges and will make an announcement once we have signed agreements with them.

• up to 100M tokens will be available for sale but tokens not sold will not be generated, nor burned. Value for holders are interest payments as per this calculator: https://www.bitbondsto.com/calculator

Thank your for the relevant question.

Julien l Bitbond Team

julgaut

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Quote from: starkovblue on April 15, 2019, 10:24:59 AM

Quote from: 1978krcz on April 14, 2019, 05:34:03 PM

Interesting STO with a strong team, I wish you the best in your project.

This project could be the one that sparks the STO market, because right now it's quite dead compared to the ICOs, and everyone is talking about IEOs.

Everyone talks about what's popular in the news. Usually these are hamsters who do not understand what is happening with the market and where it is going they are like fish that swim with a stream.
I dont see anything revolutionary in this project, and if you asked me whether it was worth investing money, I would certainly have answered no.

Hi,

I've answered the initial thread on enthusiasm around STO and IEO...

Since BB1 are asset-backed tokens, it brings more rational than conceptual into this project!

What we offer is what we can deliver!

Julien l Bitbond Team

julgaut

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Quote from: 1978krcz on April 14, 2019, 05:34:03 PM

Interesting STO with a strong team, I wish you the best in your project.

This project could be the one that sparks the STO market, because right now it's quite dead compared to the ICOs, and everyone is talking about IEOs.

Hi,

As part of IR Team at Bitbond STO, I'm qualified to comment on your post.

Unlike the wild west landscape of Initial Coin Offerings (#ICO ), Security token offerings (STOs) actually offer a token that represents a real security-backed asset. In the case of BB1, this is a similar instrument as a bond with coupons paid to investors (while IEOs are mostly equity stakes which require a sound understanding of the project's business model and equity valuation).

Thank you for your enthusiastic comment.

Julien l Bitbond STO

rijaljun

sr. member

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A lending platform? What makes this different from other scam lending platform beside the type of token which is security one? I think there are too many underperformed lending projects already.

julgaut

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Quote from: bleskyblesk on April 14, 2019, 09:01:29 AM

I see that you are backed by a company behind the STO and you haven't just appeared because of the fundraising phase.

Can you give me some more information about Bitbond before the STO?

Hi,

As part of IR Team of Bitbond, I'm qualified to answer your questions.

Bitbond is the first global lending platform for small business loans. We leverage blockchain technology to connect creditworthy borrowers with individual and institutional investors. Founded in 2013, Bitbond now facilitates more than $1 million in business loans every month.

For more, you can visit the About us section of Bitbond platform from https://www.bitbond.com/about_us

Thank you for the relevant question.

Julien l Bitbond Team

julgaut

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Quote from: slavcoinking on April 14, 2019, 06:19:21 AM

Why did you decide to use Stellar's blockchain instead of Ethereum's? Most ICOs / STOs mostly stick to Ethereum's for their smart contracts and that most people have ETH.

Hi,

As part of IR Team at Bitbond STO, I'm qualified to answer your questions.

• We picked Stellar over other networks for it's speed, low cost of transactions and simplicity of development.

• Issuance is a very straight forward procedure which doesn't require smart contract functionality.

• Stellar transactions are cheap we are able to distribute interest payments directly to user wallets.

• Any wallet supporting native Stellar currency, Stellar Lumens will support our token as well.

Meanwhile, ETH holders can participate to Bitbond STO alongside BTC, XLM and EUR Fiat.

Thanks for the relevant question.

Julien l Bitbond Team

julgaut

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Quote from: Bowtiesarecool on April 15, 2019, 05:11:24 PM

Don't really see what this platform does differently from other lending platforms like Nexo, Ethlend, Celsius, and even MoneyToken. Just slapping STO and Made-in-Germany doesn't seem to cut it anymore.

Hi,

As part of IR Team at Bitbond STO, I'm qualified to answer your questions.

The lending platforms that you are referring to, address a sightly different market segment, as crypto holders can just get a fiat loan or credit line by depositing a crypto collateral. Bitbond is a SME Lender as traditional fintech firms like Iwoca, Funding Circle or October. Use case is different and requires a sound understanding of creditworthiness: https://www.bitbond.com/statistics

So yes, the BB1 token is a superior investment because:

• The return is significantly higher than other fixed income investments
• This is the first German real security issued as a token, without banks' involvement
• The BB1 token is more secure and stable compared to other crypto-based investments
• The BB1 token is legally compliant with EU prospectus directive which regulates investor rights

Thank you for pointing out the topic of competitiveness.

Julien l Bitbond STO

julgaut

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Quote from: TheHas on April 13, 2019, 06:41:17 PM

So is this a crypto lending type of project, where your native token represents the loaned Fiat (because you purchase tokens that are pegged to euro) and over time it pays back out to you? In what token or currency?

Hi,

As part of IR Team at Bitbond, I'm qualified to answer your questions.

• Correct: the lending activity happens in stable coin, like EURT, for both low origination and repayment. The bond token is running on Stellar with a face value of 1€. All STO proceeds are converted for the lending activity and the equivalent amount of tokens is created & distributed to investors. This is therefore the debt instrument that represent the overall investment vehicule (SPV). Since lending generate interests in Fiat, the return on investment distributed to investors is also indexed on Euro and settled in stellar to the BB1 wallets of investors. To visualize this in a simplified way, please check our lightpaper page 4 and 8 : https://www.bitbondsto.com/files/bitbond-sto-lightpaper.pdf

Thank you for the relevant questions!

Julien l Bitbond Team

michaelcrypson

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My main question is why did you jump into the blockchain industry when you are successful outside of it? What does the blockchain system give you that your non blockchain system could not deliver?

I like projects that are simply not having a fundraising because they want to earn a lot and are jumping on the hype train.

julgaut

newbie

Activity: 42

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Quote from: bench4rench on April 13, 2019, 06:31:34 PM

What is the hardcap / softcap for the project? I'm looking out at this project, it looks promising.

Can you also give me some more information on how you can claim that the token will increase in value?

Hi,

As part of IR Team at Bitbond STO, I'm qualified to answer your questions.

• Bitbond STO is limited legally by the maximum amount agreed in the prospectus (hardcap = 100M€). Meanwhile, we set several soft cap defined by discount tiers which are binded by a specific amount and a duration. To have a more comprehensive view, feel free to check the online lightpaper on https://www.bitbondsto.com/files/bitbond-sto-lightpaper.pdf

• BB1 token is similar to a bond. Bonds tend to get an increased value in the early stage of maturity. The rational for this higher value is the foreseeable income that investors gain by holding bonds over interest payout periods. In the case of Bitbond STO, token holders get paid with interest coupons on a quarterly basis. To simulate returns on investment over time, we provide a calculator: https://www.bitbondsto.com/calculator

Thanks for the relevant questions!

Julien l Bitbond Team

julgaut

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Quote from: georgeforeham on April 12, 2019, 11:53:07 AM

Impressive! I'm keeping an eye on the success of this STO as if you guys do well, I think it will kick off the STO market so far I've not seen it blow up as everyone was expecting to.

What blockchain have you built on? ERC-20?

Hi,

I'm part of IR Team at Bitbond STO and qualify to answer your questions.

• Report says STOs increased by 130% in Q1 2019 and have generated over $442 millions of investments in 2018 only! From 1st certified security token prospectus in Germany to joining the leading International Token Standardization Association (ITSA), Bitbond contributes actively to the development of this STO ecosystem.

• At the end of subscription period we will distribute our token on the Stellar Network. Issuance is a very straight forward procedure which doesn't require smart contract functionality. We picked Stellar because of speed, cost and wide adoption. It comes with many benefits, for example, because Stellar transactions are cheap we are able to distribute interest payments directly to user wallets. You can think of it as fixed income airdrops every 3 months.

• Additionally to Stellar, we accept other cryptocurrencies like Bitcoin, Ethereum and Euro (wire transfer). Feel free to visit www.bitbondsto.com for more information.

At our company scale, gathering over 1 million euros on the first day of token sale is a concrete sign that the investor community is ready to move on Security Tokens!

Thanks for your relevant questions!

Julien l Bitbond Team

Sources:
The Tokenist article: https://thetokenist.io/german-securities-regulator-bafin-approves-tokenized-bonds-by-bitbond/
MindFintech article: https://www.mindfintech.fr/article/14584/bitbond-presente-la-premiere-sto-approuvee-par-la-bafin/
Token Sale opening: https://www.cryptoground.com/a/bitbond-sto

julgaut

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Quote from: bithuner on April 12, 2019, 09:46:01 AM

Looks an interesting project, when did the company start? and when did you decide to do an STO? I like to invest into projects that already have a strong business background with a rather successful model so that I know that they know how to conduct business and market a product.

Hi,

I'm part of IR Team at Bitbond STO and qualify to answer your questions.

• Bitbond has been founded by Mr Albrecht in 2013. With its own BaFin Licence acquired in 2016, Bitbond has scaled its activity in the SME Lending space with a 340% YOY growth rate. Portfolio performance and origination structure are displayed transparently on https://www.bitbond.com/statistics

• After months of legal research, BB1 STO prospectus received approval from BaFin in early 2019. This allows us to let everybody participating in the performance of a highly diversified portfolio of business loans through a real security token offering. At the same time, regular P2P lending investors don’t need to manage their portfolio yourself and earn passive fixed income with 4% p.a. paid quarterly and high 60% annual profit participation: https://www.bitbondsto.com/calculator

Thanks for the relevant questions here!
We're keen to welcome you on Bitbond STO Platform

Julien l Bitbond Team

julgaut

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Quote from: iloveturtles on April 12, 2019, 07:30:20 AM

Do you have any bounties or airdrops planned for your project? I would like to get involved in the project and spread awareness about your STO.

Hi,

Thanks for your intesrest.

As part of IR Team at Bitbond STO, I am qualified to answer your questions.

• BB1 is available for early investors with discount rate. At this moment, there is a 3% discount (0.97€ per token): www.bitbondsto.com

• Bitbond STO Affiliate program rewards investor referrals with a 5% commission paid out after the end of the subscription period : https://www.bitbondsto.com/affiliate

We'll be keen to have you onboard!

Julien l Bitbond Team

mrdeposit

hero member

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Quote from: julgaut on April 16, 2019, 10:57:13 AM

Quote from: beetlejam on April 11, 2019, 09:54:02 AM

Seems an interesting project, I'm curious though about a few things.

- Can someone give me the major difference between a ICO and a STO? I have heard a few statements and a few of them seem to contradict.

- How can you state that you are Germany's first STO? Are you backed by an official body / entity? I have only heard of Luxembourg pushing for blockchain laws on a international level.

Hi,

Thanks for your interest!

As part of IR Team at Bitbond STO, I'm qualified to answer these questions.

• While ICOs are unregulated offerings, STOs underly securities regulations and have to meet requirements defined by financial authorities. Security tokens are underpinned by real assets, such as equity in a company or as in the case of the Bitbond STO a debt and profit participation .

• Security tokens represent securities that are linked to established legal frameworks and business fundamentals. The prospectus of the BB1 token is fully compliant with EU prospectus regulation . This protects investors and reduces fraud risks.

You're correct with Luxemburg and other EU countries like Germany still looking at standard regulatory framework around blockchain technology and crypto-assets. But as Bitbond is already recognized as a financial institution, this is what makes BB1 a front-runner in the STO landscape!

For additional information on these relevant questions, feel free to watch this video presentation: https://youtu.be/LVTbnSQmWcc

Julien l Bitbond Team

Thanks for the detailly provided information but some questions are unclear for me too. Is your project's customer database comply with the rules of lastest GDPR rules by EU?

jamesbean

brand new

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Do you have an competitors in the centralised world / decentralised market?

I see you have a rather effective company behind the STO, which is promising.

julgaut

newbie

Activity: 42

Merit: 0

Quote from: beetlejam on April 11, 2019, 09:54:02 AM

Seems an interesting project, I'm curious though about a few things.

- Can someone give me the major difference between a ICO and a STO? I have heard a few statements and a few of them seem to contradict.

- How can you state that you are Germany's first STO? Are you backed by an official body / entity? I have only heard of Luxembourg pushing for blockchain laws on a international level.

Hi,

Thanks for your interest!

As part of IR Team at Bitbond STO, I'm qualified to answer these questions.

• While ICOs are unregulated offerings, STOs underly securities regulations and have to meet requirements defined by financial authorities. Security tokens are underpinned by real assets, such as equity in a company or as in the case of the Bitbond STO a debt and profit participation .

• Security tokens represent securities that are linked to established legal frameworks and business fundamentals. The prospectus of the BB1 token is fully compliant with EU prospectus regulation . This protects investors and reduces fraud risks.

You're correct with Luxemburg and other EU countries like Germany still looking at standard regulatory framework around blockchain technology and crypto-assets. But as Bitbond is already recognized as a financial institution, this is what makes BB1 a front-runner in the STO landscape!

For additional information on these relevant questions, feel free to watch this video presentation: https://youtu.be/LVTbnSQmWcc

Julien l Bitbond Team

1978krcz

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Interesting STO with a strong team, I wish you the best in your project.

This project could be the one that sparks the STO market, because right now it's quite dead compared to the ICOs, and everyone is talking about IEOs.

Topic: 🔥⭐[ANN] BITBOND STO - Germany's First STO⭐🔥 - page 10. (Read 3770 times)