Cryptocurrency

Bitbon System Crowdsale from Simcord Company

Simcord Company finished its pre-sale phase and wrapped an internal crowdsale. The Bitbon System now enters the final stage of its public token offering, opening doors to anyone ready to bet on the sh

By Aubrey Swanson··2 min read
Bitbon System Crowdsale from Simcord Company

Key Points

  • Simcord Company finished its pre-sale phase and wrapped an internal crowdsale.
  • The Bitbon System now enters the final stage of its public token offering, opening doors to anyone ready to bet on the sh

Simcord Company finished its pre-sale phase and wrapped an internal crowdsale. The Bitbon System now enters the final stage of its public token offering, opening doors to anyone ready to bet on the shift toward digital finance.

The company holds an ISO 9001:2015 certification for developing high-load blockchain software. According to the Bitbon System roadmap, the public crowdsale runs through October 10, 2018.

Advertisement

728×90

Numbers tell a stark story about where blockchain sits in the wider economy. The crypto market exploded from nothing to approximately 300 billion dollars between 2013 and 2018—a 20,000% surge. Yet global stock and derivatives markets dwarf that. They exceed 600 trillion dollars. Blockchain technology could theoretically open up 200,000% more growth beyond where crypto stands today. Right now crypto represents just 0.05% of global financial assets. The other 99.95% waits to move onto blockchain rails.

Bitbon anchors the company's push into this space. It functions as a financial instrument secured by real-world assets funneled through a system called Contributing. Contributing works as an alternative form of investment and asset management. The platform vets every project beforehand, stress-testing business models for viability before any deal closes. This approach builds transparency and security into the process from the start.

Bitbon price sits at roughly 6 dollars per token during the crowdsale. The company calculates this against formulas outlined in its white paper. Extrapolating from the market-cap data above, Bitbon could theoretically climb to 700 dollars within five years—a 12,000% gain. That projection assumes the company executes its stated strategy, particularly deepening ties with real-economy enterprises through Contributing.

Simcord introduced a promotional option to underpin confidence in those prospects. Through October 10, the company will repurchase Bitbon at 100 dollars each under a "Golden Price" agreement. Buyers get a guaranteed floor: roughly 1.3% daily returns, which compounds to 320% annually or 1,600% by the October 11, 2023 expiration date. Customers also receive a 3% premium on the amount purchased.

The crowdsale caps issuance at 70 million Bitbon. A soft cap sits at 50 million dollars raised, a hard cap at 400 million. Participants can buy through Bit Trade Exchange using Visa, MasterCard, Bitcoin, Ethereum, bank transfer, or e-payment systems.

MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.

Advertisement

728×90

Related Stories

Stay informed

Verifiable crypto journalism, delivered to your inbox.

Weekday mornings. No hype. No financial advice. Just what happened and why it matters.

No spam. Unsubscribe anytime. Read our privacy policy.