Security Token Offering made in Germany: New Details on the Bitbond STO

the For the upcoming Security Token Offering (STO) has closed Bitbond now with the Solaris Bank. In addition to a BaFin-approval and of the banking license of the Solaris Bank, everything is now ready for the first German STO.

By Phillip Horch
6. March 2019BTC$3.854,04 -0.16%part Facebook Twitter LinkedIn xing mail

to tend to the Era of The Initial Coin Offerings (ICOs) seems to be your end. The big wave in 2017 is to a large extent subsided, only a few stable projects were able to live up to the Hype so far. In accordance with the dot-com bubble of the late 90s, you could say: Now the search for the needle in the haystack begins. But if you think that nothing more goes, is the next investment vehicle in the starting blocks: the Security Token Offerings – in short: STO.

Because these promise more safety. In contrast to the Coins of the ICOs you must have not advanced (and often non-existing) Use Case, but for tokenized bonds. Bitbond is the first company that got to BaFin for permission to call a STO.

Details of the STO

In a press release, the BTC-ECHO is present, Bitbond now Details. The crypto-loan-company merged first with the Solaris Bank. As you can see from the message, will get all the Token-holder quarterly variable payments and fixed annual distributions. The Bitbond tokens have also a validity of ten years. This means that Bitbond is obliged to buy back the BB1 Token to its original value of 1 Euro.

you can Buy the Token now, with Fiat currencies, Stellar lumen, Bitcoin and Ether. As the company promises more will receive all of the investors own account, on which the company pays additional dividends on a regular basis.

funding model of Bitbond

Who manages to get in the first round of financing, the waves according to the official Homepage already have an investment advantage (he will, of course, only after ten years, distributed). The grading is as follows:

1. Round of financing: 11.3. to 1.4. (or up to 1 Million Euro): € 0.70 (30% discount)2. Round of financing: 2.4. up to 8.4. (or up to 3 million euros): Euro 0.90 (10% discount)3. Round of financing: 9.4. up to 15.4. (or up to 5 million Euro): € 0.95 (5% discount)4. Round of financing: 16.4. up to 22.4. (or up to 9 million euros): EUR 0.97 (3 percent discount)Regular financing: 23.4. up to 10.5. (or up to 100 million euros): Euro 1.00 (regular price)

Read also: Security Token Offering: Newfoundland and Ledger plan STO-Framework

The annual interest rate, Bitbond promises, is four per cent paid out in the Cryptocurrency Stellar Lumens (XLM). In addition, there is, however, the variable distribution of 60 percent of the net profit of the company.

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