MENLO PARK, Calif., Dec. 9, 2014 /PRNewswire/ -- Digital currency bonds are now a reality. Team Daniel Bruno has launched the Solidus Bond after three years of development at www.solidusbond.com.
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Solidus Bonds have maturities of 30 days to ten years and pay the coupon in digital currency to the holder of the bond. All coupons are paid every 30 days until bond redemption in peer-to-peer digital currency. Interest payments and bond redemption are executed by algorithm without human intervention, making default impossible. Duration is reduced.
The bond is a digital bearer bond with ownership conveyed by possession. The bond can be issued in any amount down to three decimals by pointing and clicking the Solidus Bond folder of the Swiftcoin wallet obtained for free at http://www.swiftcoin.cash.
Bond purchase and sale do not require a broker and are commission free. Once purchased, the bond can be transferred to any other Swiftcoin wallet at will, which will then enjoy the remaining coupons and redemption at maturity. New bonds sell at face value. Interest rates are high double digits and yields are set in the bond aftermarket. This free, de-centralized and open after market buttresses the trustless system.
Pricing and settling Solidus Bond transactions in Bitcoin is just a matter of Swiftcoin/Bitcoin exchange rates. Swiftcoin pegs to a currency board. Expansion and contraction of digital currency supply replaces the exchange rate yo-yo.
Daniel Bruno, Chartered Market Technician, studied bond trading at the New York Institute of Finance. He is the founder of Cofres Bitcoin franchise www.cofresbitcoin.cash. His web site is http://www.fxboss.info.
Press Contact
Daniela Rosenberg
650-933-8900
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SOURCE Swiftcoin
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