Bitbond: Next generation investment platform
Bitbond
Bitbond is the first universal business lending program. It was established in 2013. Beyond being a platform for lending loans, it is the first BaFin regulated blockchain firm in Germany. Bitbond has its office in Berlin, Germany. As a platform for funding loans, Bitbond has funded more than 3,000 loans.
Although Bitbond is not the only platform that is known for the giving out business loans. It is the first platform for business loan that has a worldwide operation. In addition to having a worldwide coverage, Bitbond features speed, as well as human interactions. And these features make it really special.
What Exactly is Bitbond
In its most basic form, Bitbond is a platform on which business owners and investors meet. The investors put in money into the systems while the business owner gets money from the system and investors are able to get back the money they put into the system as the business owners service the loans they have collected
What is Bitbond’s Business Model
Bitbond has a business model that operates by charging borrowers origination fee and investors repayment fees. The origination fees which it charges borrowers is between 2 to 3 percent of the amount collected as loans. Also, the repayment fee that all investors that are associated with Bitbond are charged is between 0.5 to 1.5% of the absolute replacements.
How Has Bitbond Made Use Of The Funds Raised
Since its inception, Bitbond has been able to get quite a lot of funds from its investors. These funds have been spent in various ways and can be perfectly accounted for.
10 percent of the funds that Bitbond has raised from its investors has been spent in providing funds to run the Bitbond platform. 40 percent of the money it received from investors has been spent in providing funds to small and medium businesses. The remaining 50 percent have been spent in providing a source of financing for junior notes and administration.
How To Get Financing In Bitbond
Financing on Bitbond is considered a little difficult by certain people. It, however, is quite easy. To get funds on the Bitbond platform, simply follow the steps below.
Take a look at your rates: This involves carrying out a brief survey on the internet. This survey will help you have access to your customized offer. If you have any challenges, our account managers can always be of help to you.
Have access you your offer: As soon as you get your application completed, you will have to wait for about 24 hours. This is because it will take about 24 hours for use to get a personalized offer ready for you.
Get the needed funds: The funds you requested for will be sent directly to your bank account. With the funds you get, you can decide to do whatever will help in boosting your business. It’s your choice to invest in marketing, improve your cashflow, or up your inventory.
Get your business to the next level: You can a make Bitbond a source of financing for your business over a long period of time. To get more details on this, it is okay if you speak with your account manager.
The Relationship between Bitbond and Bitbond Finance
Bitbond finance should not be mistaken for Bitbond. Although the two are similar. They are actually different. While Bitbond is in charge of operating the platform that is responsible for lending funds to small and medium scale businesses, Bitbond Finance is in charge of giving out the BB1 security token.
Also, Bitbond Finance makes the working capital that is needed to aid the growth of Bitbond available.
The Bitbond Token
Bitbond Token takes advantage of the Stellar blockchain in making effective, as well a immediate international transactions available. It is a security token owned by Bitbond Finance GmbH, a subsidiary of Bitbond. It has an STO brochure which absolutely complies with EU Prospectus regulations.
The BB1 token has been proven to have a better security and stability than other investments that are crypto-based. Some features which make it stand out include;
Immediate transferability: As soon as the STO subscription period is over and can be transferred, the BB1 gets distributed to the wallets of the investors.
Easy Setup: When Token holders purchase the BB1 Token, they immediately get a stellar wallet. If holders do not want to make use of a new Stellar wallet, they can decide to make use of Stellar wallets that are already existing.
Effective Transactions
With BB1 Token, the cost of payment transactions around the world is reduced. This is due to the efficiency of Stellar blockchain.
Conclusion
It is believed that the project would be a big revelation and success.