The Bitbond Token (BB1) is Germany's first security token and aims to make business lending globally accessible. Bitbond is a 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. The issuer of the token is Bitbond Finance GmbH, a company fully owned by Bitbond GmbH.
BB1 are Stellar-based tokens, 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.
Bitbond ICO begins on March 11th, 2019. The ICO token supply represents 80% of the total token supply, so there is a total of 80,000,000 tokens available, for 0.70 EUR each. The ICO funding target is unknown, the funding cap is 100,000,000 EUR and is expected to end on May 10th, 2019 or when the funding cap is reached.
Token Reserve Split (20%):
Bitbond ICO campaign features bonus, and the token will not be mineable.