BitbondSTO’s BB1 TOKEN ON THE STELLAR NETWORK.
It is no secret now that Bitbond Finance, a reputable German lending company is offering BitbondSTO. Bitbond is writing history by being the first crypto-currency based lending platform for business loans reaching out globally. The crypto-currency community is all a buzz and BitbondSTO is the cause of it.
BitbondSTO is coming to a successful end on the 8th of July 2019 and it has been a very busy but productive past few weeks for the company. From the CEO of Bitbond, Radoslav Albrecht representing and educating the crypto-community at the Blockchain Innovation Conference 2019 in Amsterdam and the Cryptocompare summit in London to the Chief Financial Officer of Bitbond, Michael Pinkus giving a fantastic presentation about the BitbondSTO at the FinTech4Business 2019 in Belgrade and others more, It has been very eventful as we draw close to the end of the STO.
There has also been exciting news that the Gibraltar Stock Exchange (GSX) are discussing a partnership with Bitbond which will see The Bitbond token listed on GSX stock exchange, this would make Bitbond’s token the world’s first security token to be listed on a stock exchange, read more about it here https://bit.ly/2JuykzV. There is no denying the successes that Bitbond has achieved and hopes to achieve.
Stellar and BB1 Token
Investors in BitbondSTO are issued BB1 tokens, which is Germany’s first security token. BB1 will be issued on the Stellar Network blockcahin. Stellar is a global online platform that supports crypto - currency operations and transactions. It is a distributed blockchain based ledger and database and shares some similarities with Ripple. Both of them aim to connect financial institutions. The Stellar blockchain runs on opened sourced technology and has a token called Lumen (XLM) which is used on the network.
The Stellar Network offers numerous advantages over other blockchains that justify Bitbond choosing it for the BB1 token. It is decentralized and operates on The Stellar Consensus Protocol which means Stellar network consensus is reached by leveraging SCP in 2 - 5 seconds.
The Stellar network operates on several servers or nodes. It is not controlled by a single party and anyone can become a nod. At a time when concerns about centralisation are rising, Stellar represents a ray of hope. Low transaction costs mean that Stellar offers almost negligible transaction costs making it very cheap to run transactions on the network. The Stellar network also highly scalable being able to produce high speed transactions processing thousands of transactions per second. As a result, each transaction gets validated within 5 seconds maximum. The immense speed makes it a great development for quick cross-border payments.
Stellar Network is highly scalable, relatively inexpensive and fast, indeed the best blockchain in which BB1 can thrive in. BitbondSTO is still running till the 8th of July 2019 so don’t miss out on a chance to make an investment you won’t regret.
Link to BitbondSTO Website: https://www.bitbondsto.com/?a=MHRNVW
Link to Prospectus : https://www.bitbondsto.com/files/bitbond-sto-prospectus.pdf
Link to Lightpaper : https://www.bitbondsto.com/files/bitbond-sto-lightpaper.pdf