BITBOND STO: THE BLOCKCHAIN BASED PLATFORM FOR BUSINESS FUNDING

mayowa-eu (60)in #bitbond • 5 years ago (edited)

Money lending can be said to be the practice of giving cash loans or supplying goods or services, when the debt is repaid at a high rate of interest over a short period.

Several potential businesses and innovations need support financially to proceed with their intentions and the only way most of them thrives is only through loans and money lending which gives a form of thrust that ensures the smooth running of the business or organisation.

Lenders don’t lend for charity sake, they also charge for their services after making all verifications and convinced about the credibility of the person applying for the loan. This gives money lending a very crucial role to play in the society for successful operation of business and individuals as well.
2gsjgna1uruv8X2R8t7XDv5HGXyHWCCu4rKmbB5pmEzjYSiPt8pcwXHPL36G3nV5eGQJzP4FYpaGr6K8GaMNHCxS2nfk2e6Ed3dqNERy2Ko7hP7pEA.png

The Problem

Money lending as important and crucial as it has a whole lot of downsides which makes some people sy away from it. You will agree with me that most people that opt in for money lending are always being faced with the challenge of being charged in excess just because of many intermediaries that are involves in the process. Also, most of the existing money lending platforms are being faced with the challenge of lack of transparency and tedious processes that people pass through before getting loans.

These major problems are the reason why Bitbond platform has emerged to make money lending an absolutely stress-free and encouraging one for everyone via the blockchain technology.
2gsjgna1uruv8X2R8t7XDv5HGXyHWCCu4rKmbB5pmEzjYSiPt8pcwXHPL36G3nV5eGQJzP4FYpaGr6K8GaMNHCxS2nfk2e6Ed3dqNERy2Ko7hP7pEA.png

Introducing the Solution; Bitbond

Bitbond is a lending platform that is created mainly for giving working capital finance to both little and medium sized organizations globally.

This platform having being in existence since 2013 have succeeded in attaining over $1million in business advances each month while the beneficiaries of the platform being majority of medium and small sized organizations originates from Europe and Africa with several plans of expanding the scope of the platform globally.

The Modus Operandi

On Bitbond, Organizations need to fill an online application in order to get a customized offer. The approval or disapproval of this application takes about 24 hours by the team which is based on automated credit scoring system Bitbond. Approved applications then gives borrowers the opportunity to access funds from lenders through the platform. This platform operates on utmost transparency with professionalism also with good relation between lenders and borrowers on the made agreement.

Lenders also have the opportunity of having account in the system where they can easily invest their money or loans in order to get good returns.

What make Bitbond Special?

Unlike conventional money lending platforms, there are no intermediaries in the flow of operation on bitbond and as such, users of the platform are being saved from the excessive charges that this results in.

Instead of the numerous intermediaries, smart contracts is being adopted which is safer and less expensive for both borrowers and lenders.

Bitbond lately has launched its first security token offering (STO) called BB1 tokens with a fund raising target of 100million euros while each BB1 token costs €1. This token will be the first security token offering in Germany which is fully compliant with EU prospectus regulation.

Tokens can be bought with BTC, ETH, EUR and XLM.
Bitbond has decided to choose STO over ICO because of its several advantages most especially when dealing with loans. STO is fully regulated also with high level of transparency which helps the platform with rapid growth which is far better than ICO

Conclusively, Bitbond is here to completely revolutionise the process of money lending via its blockchain based platform, which will not only make lending process easy and cheaper for borrowers but also provides more value to lender funds, thereby making the whole ecosystem a perfect one. So in my own opinion, this project shouldn’t be missed out for anything as it is set to make strong impact in the history of blockchain technology
2gsjgna1uruv8X2R8t7XDv5HGXyHWCCu4rKmbB5pmEzjYSiPt8pcwXHPL36G3nV5eGQJzP4FYpaGr6K8GaMNHCxS2nfk2e6Ed3dqNERy2Ko7hP7pEA.png