The Bitbond Token (BB1) is Germany's first security token and aims to make business lending globally accessible. Token holders will receive 1% interest on their invested amount every quarter (4% per year). Additionally, token holders receive a variable coupon paid out once per year. Both the quarterly and the annual coupons continue for 10 years, at which point the token reaches its maturity and is bought back at its face value of €1 per token.
STO/ICO Status
Status
Successful
Symbol
BB1
Start Date
2019-03-11
End Date
2019-08-07
Hard Cap
100,000,000 EUR
Initial Price
1 BB1 = 1 EUR
Token Supply
100,000,000
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Basics
| Platform | Stellar |
|---|---|
| Type | Security |
| Accepting | ETH, BTC, XLM, Fiat |
| Circulating Supply | N/A |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
About
The issuer of the token is Bitbond Finance GmbH, a company fully owned by Bitbond GmbH. Bitbond is the first crypto-currency based lending platform for business loans that operates globally. Founded in 2013, Bitbond now facilitates more than $1 million in business loans every month.
