Germany's First STO - Your thoughts?

[jimsteel]

Hello everyone,

Recently I discovered this STO called Bitbond. They are Germany's first STO with a BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht. It is the German financial regulation authority) approved Prospectus and will be using BitGo’s Business Wallet. I am curious what you think about the project. Do you think STO's are the next evolution in ICOs? Or just a rename? You can look at the article below.  

https://www.bitbond.com/resources/bitbond-works-with-bitgo

Also if you want to visit their website, you can do that by clicking here - https://www.bitbondsto.com

They have already raised 1.8 million Euros according to their website and they are in their fundraising phase.

I think it's a positive step for ICOs to evolve and make them safer for potential investors, we shall see which one is better in time. Personally I think the STO market still hasn't developed and doesn't offer as much high reward as IEOs / ICOs.

The project above does look very interesting though, and they have raised a lot and have a very strong team, i'm keeping an eye on them.

[miklesm]

I do not know much about STO projects, but this projects looks interesting. They have mentioned good investors and partners on their website, I will follow the development of this project.

[bramborakymilenec]

Hello everyone,

Recently I discovered this STO called Bitbond. They are Germany's first STO with a BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht. It is the German financial regulation authority) approved Prospectus and will be using BitGo’s Business Wallet. I am curious what you think about the project. Do you think STO's are the next evolution in ICOs? Or just a rename? You can look at the article below.  

https://www.bitbond.com/resources/bitbond-works-with-bitgo

Also if you want to visit their website, you can do that by clicking here - https://www.bitbondsto.com

They have already raised 1.8 million Euros according to their website and they are in their fundraising phase.

I think STOs are just another name for an ICO and are nothing special. The most important thing is to research any project before investing. Saying that, this project looks very interesting and they have raised a substantial amount through their current fundraising phase.

[chenille]

I think STOs are just another name for an ICO and are nothing special. The most important thing is to research any project before investing. Saying that, this project looks very interesting and they have raised a substantial amount through their current fundraising phase.

The BaFin (German SEC) has approved their product and the BaFin has very strict regulations. Before Bitbond some other ICOs started in Germany and most of them were not regulated and scams like Savedroid or Envion. The regulation by the BaFin is no guarantee for success but they won't pass something with their agreement where they aren't sure about a good quality and save people from financial risks.

[roganite]

Hello everyone,

Recently I discovered this STO called Bitbond. They are Germany's first STO with a BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht. It is the German financial regulation authority) approved Prospectus and will be using BitGo’s Business Wallet. I am curious what you think about the project. Do you think STO's are the next evolution in ICOs? Or just a rename? You can look at the article below.  

https://www.bitbond.com/resources/bitbond-works-with-bitgo

Also if you want to visit their website, you can do that by clicking here - https://www.bitbondsto.com

They have already raised 1.8 million Euros according to their website and they are in their fundraising phase.

I honestly just see STOs or IEOs as another name for ICOs. Any project can be bad regardless of what type of fundraising it's under. Always research the company throughly before putting any money down.

Saying that, after looking into the article and the website, it looks impressive. Raised over 2 million Euros, very strong team, backed by a financial body and also has a working platform behind them.

[chenille]

Savedroid was the only german ico i participated. They lost a lot of value and also did an awful fake scam joke. So i am not going to touch any crypto project if it is Germany. Even it is a sto, i would avoid it.

Oh yeah, if it's from Germany it must be bad... That's an interesting thinking.
How does a shitty project represent the quality of every other project from the same country?

+1
I think we can call it ICO racism.

Just because some incompetent greedy idiots from Germany tried to launch a business which was many numbers too big for them and they failed badly but are too dumb to realise it, that doesn't mean that there can't be Germans doing a good project.
Every country has idiots not only Germany. 

[CLywaTeLb]

Germany or STO...
However, this is a credit platform. Until now, such projects have not been successful. And this is understandable: there is still a small adoption, so people use cryptocurrency not enough and do not create a large cash turnover.

[Bitfling]

Germany or STO...
However, this is a credit platform. Until now, such projects have not been successful. And this is understandable: there is still a small adoption, so people use cryptocurrency not enough and do not create a large cash turnover.

People more understand about ICOs rather than STO. I think Security token different than utility token and its more attactive to invest on security token because its regulated by regulators. I am believe in near future, people will see the potential of STO and could be profitable in next few years

[cryptowomba]

Hello everyone,

Recently I discovered this STO called Bitbond. They are Germany's first STO with a BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht. It is the German financial regulation authority) approved Prospectus and will be using BitGo’s Business Wallet. I am curious what you think about the project. Do you think STO's are the next evolution in ICOs? Or just a rename? You can look at the article below.  

https://www.bitbond.com/resources/bitbond-works-with-bitgo

Also if you want to visit their website, you can do that by clicking here - https://www.bitbondsto.com

They have already raised 1.8 million Euros according to their website and they are in their fundraising phase.

I haven't invested into IEOs or STOs yet, as i see them as just another rebranding of ICOs.

Great article though, thanks for sharing the content with us and the project looks interesting, they have raised over 2 million Euros already.

[TheHas]

Germany or STO...
However, this is a credit platform. Until now, such projects have not been successful. And this is understandable: there is still a small adoption, so people use cryptocurrency not enough and do not create a large cash turnover.

There are a few popular credit type platforms. Cryptocom is launching a crypto lending/borrowing facility.

Similarly Dharma io offers has had one going for a while (was launched earlier this year) and does this almost entirely through smart contracts.

So in short, yeah there are a couple platforms that have pulled it off. Not sure about this first 'german STO'. I'll watch it out of interest, but probably won't participate.

[r32godzilla]

I thought that STOs will mean a revolution in cryptocurrency start-up industry, but it didn't happen. All og past STOs are now more worthless than ICOs. I lost my desire to invest.

[voltesbit777]

Though Bitband STO offering had been a success, it doesn's necessarily mean that STO is the next generation of ICO. The success is due to Bitband's credibility through years of lending services. However, we are not guaranteed of the succeeding STO's success. Let's wait and see what will happen to this project. One thing for sure, this platform uses the blockchain efficiency to redefine lending system.

[Dennicex]

Though Bitband STO offering had been a success, it doesn's necessarily mean that STO is the next generation of ICO. The success is due to Bitband's credibility through years of lending services. However, we are not guaranteed of the succeeding STO's success. Let's wait and see what will happen to this project. One thing for sure, this platform uses the blockchain efficiency to redefine lending system.

I think that the good old ICO is not where it has not gone. We are waiting for changes that will take into account the mistakes of the previous model of the ICO and create something new.

[lyks15]

I think this is just renaming because it has a the same function and characteristic. For my own opinion it is good for the crypto industry because I will see that this will be a strong crypto in the future. Germany is rich country so it can support every coin that they want to launch. And because some of investor are looking at the country where crypto originate before they invest like btc came from Japan that expert in using technology.

[Jamjamz30]

I read some articles about the success of the STO of German-based lending platform. I think the success can be attributed to the trust of investors because of the regulations and security offered by the STO itself.

[chenille]

Please don't jump into conclusions:

Though Bitband STO offering had been a success, it doesn's necessarily mean that STO is the next generation of ICO. The success is due to Bitband's credibility through years of lending services. However, we are not guaranteed of the succeeding STO's success. Let's wait and see what will happen to this project. One thing for sure, this platform uses the blockchain efficiency to redefine lending system.

Bitband will be another STO for useless songs on the blockchain. 

[take_off]

Hello everyone,

Recently I discovered this STO called Bitbond. They are Germany's first STO with a BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht. It is the German financial regulation authority) approved Prospectus and will be using BitGo’s Business Wallet. I am curious what you think about the project. Do you think STO's are the next evolution in ICOs? Or just a rename? You can look at the article below.  

https://www.bitbond.com/resources/bitbond-works-with-bitgo

Also if you want to visit their website, you can do that by clicking here - https://www.bitbondsto.com

They have already raised 1.8 million Euros according to their website and they are in their fundraising phase.

I found this project working really, but I found their website quite simple to look like a potential project. However, through the newspaper pages about them, they make me think that the judgment is not correct and maybe I will invest in this project.

[starblocks]

The main differences between Security Token Offerings (STOs) and Initial Coin Offerings (ICOs) is that STOs are regulated whereas ICOs aren't and the tokens issued by the former are considered securities and are generally available only to registered or accredited investors and this fundraising model will soon become far more popular as the industry develops

[sabine80]

meanwhile i changed my opinion about bitbound and find the bounty of the sto interesting. in addition, the project seems really serious, but whether they will be successful, i can not say either.

[g.m.tyshenk]

Hello everyone,

Recently I discovered this STO called Bitbond. They are Germany's first STO with a BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht. It is the German financial regulation authority) approved Prospectus and will be using BitGo’s Business Wallet. I am curious what you think about the project. Do you think STO's are the next evolution in ICOs? Or just a rename? You can look at the article below.  

https://www.bitbond.com/resources/bitbond-works-with-bitgo

Also if you want to visit their website, you can do that by clicking here - https://www.bitbondsto.com

They have already raised 1.8 million Euros according to their website and they are in their fundraising phase.

STOs are good as they are tokenized real world assets.  More importantly the peer 2 peer lending provides dividends higher than traditional big bank stocks, bonds, CDs and annuities. 

You can read my latest blog post that compares Germany's first peer to peer lending STO called Bitbond here:

https://icochat.wordpress.com/2019/07/07/cryptocurrency-and-income-investing/