BONUM - global backed loans and deposits on blockchain

Bonum is a global loan and deposit platform, which enables its customers to receive instant liquidity (loan) or additional passive income in the form of interests on the deposit. Platform works directly with businesses and accredited partners.

How does it work? To get a loan, a customer must have a collateral (crypto currency, tokens or other assets on the blockchain), which will be frozen by the platform for the loan period. After collateralization, the client automatically receives a loan. After the repayment of the loan and interest on the loan, the collateral becomes also automatically available to the borrower. To open a deposit, the customer needs to determine the amount and currency of the deposit. Then, the platform disposes of the deposit amount, and the customer receives interest. At any time the customer can get back any invested amount.

ICO Structure:

Pre-ICO:

Date: 21.03.2018 - 02.04.2018

Token price: 1 USD for 1 BFT

Hard cap: 750 000 USD.

ICO (main sale):

Date: 12.05.2018 - 23.06.2018

Token price: 1 USD for 1 BFT

Hard cap: 30 000 000 USD.

Distribution of tokens: 53% will be sold during ICO;

Strong sides:

• Top management from team has work experience in “Denga” company, which is a TOP-3 microfinance company in Russia. Also, Denga company has direct partnership with BONUM;
• All loans issued by the platform are collateralized, therefore, even in case of default of the borrower, the platform is guaranteed to return the loan amount and cover deposits;
• Business model is transparent and profitable;
• MVP is available for public
• Project has great long-term potential;
• According to project’s white paper, the standard interest rate on the deposit will be 3% per annum, with monthly interest payments. Currently, National Average Interest Rate worldwide is far less than 1%;
• Active team that visits conferences and does progressive social networking;
• Loans in fiat money are issued by BONUM’s partnering company;
• BONUM has active telegram community with over 18 thousand subscribers;

Weak sides:

• Some exchanges might consider this token as an asset-backed token ;
• Current ICO market is oversaturated with supply which might directly affect ability of the project to fill the hard cap;
• Since cryptocurrency tokens will be taken as collateral, it might increase risks related to a market volatility.

Summary: Bonum is a lending platform where borrowers can access fiat currency by placing cryptocurrency tokens as collateral. Lenders can have additional income through interest by depositing fiat money on the platform. BONUM solves important problems of financial markets. Its business model and platform mechanism is not unique or original, however it offers clear, simple and tested business foundation. BONUM has several weak sides and risks like cryptocurrency as collateral, but at the same time it has several competitive advantages over other blockchain and traditional lending platforms. And finally, the most important important part is that BONUM has experienced team and good partnership network with working platform. I think that blockchain lending platform like Bonum has good chance to dominate in its market niche, at least on the regional level. I think that BONUM has positive long-term potential, and therefore I recommend my subscribers to visit official website and ask your questions in official BONUM telegram group.  

ICO was analyzed by Vladyslav Antonov - entrepreneur, investor, ICO analyst.
(Click here to join his channel)