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About BloomBeans
Key Points
- BloomBeans is a decentralized financial system with its own currency, BEAN.
- BEAN enables the creation of Crypto Financial Assets (CFAs), including savings accounts, insurance, pensions, income streams, and no-interest loans.
- There are 12 CFA products, with 5 product families, offering customized investment experiences.
- CFAs deal with the concept of interest in various ways, including compounding, awarding, and pausing.
- BloomBeans was created by a group of economists and mathematicians led by Takashi Nakamoto, who prefer to remain anonymous.
- The system is innovative due to its decentralized nature, customizable financial products, and upcoming
About BloomBeans: Empowering a New Era of Decentralized Innovation
Introducing BloomBeans: A Revolutionary Platform
BloomBeans pioneers the world’s inaugural fully decentralized Financial System. Building upon the foundation laid by Bitcoin, the first peer-to-peer (P2P) currency, BloomBeans is revolutionizing the landscape by introducing a comprehensive ecosystem that seamlessly integrates a diverse array of popular financial products, tradable on peer-to-peer exchanges and decentralized loan markets.
The Operational Mechanism: A Comprehensive Overview
BloomBeans boasts an official currency: the BEAN. The release rate of BEAN is governed by the BloomBeans Monetary Policy. BEAN facilitates the creation of pioneering Crypto Financial Assets (CFAs), encompassing Savings Accounts, Insurance, Pensions, Income Streams, and No-interest Loans, all yielding profits denominated in BEAN currency.
What are CFAs: A Comprehensive Overview
Crypto Financial Assets constitute the pioneering, decentralized, and tradeable financial instruments on the blockchain. These innovative products share parallels with bonds or shares, offering the versatility to be traded, utilized as collateral for loans, or held to generate returns. Leveraging the ERC-1155 technology, also employed by numerous Non-Fungible Tokens (NFTs), these products are built upon the fundamental concept of Interest.
What is the Total Number of CFA Products?
In this inaugural iteration, five distinct product families are introduced, collectively comprising 12 bespoke CFA products for discerning selection. These CFAs are designed to provide a tailored investment experience, offering a multitude of possibilities. Among these 12 products, a diverse array of options emerges, as several key parameters can be calibrated to align with individual objectives, including Principal, Product Life, Payment Schedule, and the Number of CFAs.
Exploring the Concept of Interest: A Comparative Analysis of CFAs
Here is the polished version:
- Savings Account – featuring compound interest
- Locked Savings Account – offering blocked compound interest
- Linear Income Stream – providing interest-based rewards
- Growing Income Stream – boasting a compound interest ladder
- Linear Pension – combining compound interest and interest-based rewards
- Growing Pension – featuring a compound interest ladder with rewards
- Insurance 10y – offering full access with 3-step compound interest
- Insurance 5y – providing full access with 6-step compound interest
- Insurance 2y – featuring full access with 15-step compound interest
- Insurance 1y – boasting full access with 30-step compound interest
- Insurance 3m – offering full access with 120-step compound interest
- Loan – allowing interest payment pauses
The Genesis of BloomBeans: Unveiling the Enigma of Anonymity
BloomBeans was conceived by a collective of esteemed economists and mathematicians, spearheaded by the enigmatic Takashi Nakamoto, who, for reasons of personal security, have opted to preserve their anonymity.
What Sets BloomBeans Apart: A Beacon of Innovation
• Ownership titles for Crypto Financial Assets (CFAs) are introduced. • Pensions and insurance products boasting 100% decentralization. • Fully customizable financial products tailored to individual needs, offering a vast array of options with hundreds of variables to select from. • The inaugural decentralized peer-to-peer (P2P) financial products marketplace is forthcoming. • The pioneering decentralized P2P marketplace for loans collateralized with CFAs is also on the horizon.
Token Supply and Distribution Strategy
Initial Supply: 1,000,000 BEAN coins. Maximum Supply: 21 billion BEAN coins.
It is projected that it will take approximately 300 years to attain this
maximum supply. The distribution of the inaugural one million BEAN coins is
allocated as follows: ⦁ 5% reserved for Takashi Nakamoto ⦁ 5% allocated to the
Community ⦁ 20% dedicated to Market Liquidity ⦁ 70% earmarked for Airdrops
Allocation.
The Unveiling of BLOOM Token
Out of the initial 1,000,000 BEAN supply, 250,000 will be designated as the BLOOM token. A 20% allocation will be reserved for market liquidity, while 5% will be dedicated to community allocation. The BLOOM token is slated for release in April 2024, with the primary objective of fostering awareness and cultivating a robust community of peers around the project ahead of institutional investment. Notably, the BLOOM token lacks utility; however, BEAN currency will be awarded on a 1:1 basis to BLOOM holders upon the launch of the BloomBeans Financial System, anticipated in December 2024.