BloomBeans price

BLOOM

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BloomBeans has an official currency: the BEAN. The release rate of BEAN is determined by the BloomBeans Monetary Policy. BEAN enables the creation of the first Crypto Financial Assets (CFAs), including Savings Accounts, Insurance, Pensions, Income Streams, and No-interest Loans wich yield profits in BEAN currency.

Crypto Financial Assets represent the first decentralized, tradeable financial products on the blockchain. These instruments bear similarities with bonds or shares, they can be traded, used as collateral for loans, or held to generate profits. They have been created using ERC-1155 technology, which is also employed by many Non-Fungible Tokens (NFTs). All of the products are built upon the concept of Interest.

In this initial version, 5 product families are available, encompassing a total of 12 CFA products for selection. CFAs provide a customized investment experience. Among these 12 products, a wide range of possibilities emerges, as several parameters can be adjusted to meet various personal objectives, including Principal, Product Life, Payment Schedule, and the Number of CFAs.

1. Savings Account - interest-compounding
2. Locked Savings Account - blocked interest-compounding
3. Linear Income Stream - interest-awarding
4. Growing Income Stream - interest-awarding compound ladder
5. Linear Pension - interest-compounding + interest-awarding
6. Growing Pension - interest-compounding + interest-awarding compound ladder
7. Insurance 10y - full access interest-compounding 3 steps
8. Insurance 5y - full access interest-compounding 6 steps
9. Insurance 2y - full access interest-compounding 15 steps
10. Insurance 1y - full access interest-compounding 30 steps
11. Insurance 3m - full access interest-compounding 120 steps
12. Loan - Pauses interest

⦁ CFAs (ownership titles for Crypto Financial Assets). ⦁ 100% decentralized pensions and insurances. ⦁ Financial products that are fully customizable by the user to meet their specific financial needs, with hundreds of variables to choose from. ⦁ The upcoming first decentralized peer-to-peer (P2P) financial products marketplace. ⦁ The upcoming first decentralized P2P marketplace for loans collateralized with CFAs.

Initial Supply: 1,000,000 BEAN coins. Maximum Supply: 21 billion BEAN coins. It is estimated that it will take approximately 300 years to reach this maximum supply. BEAN Currency Distribution: Upon release, the distribution of the initial one million coins will be as follows: ⦁ 5% Takashi Nakamoto ⦁ 5% Community ⦁ 20% Market Liquidity ⦁ 70% Airdrops Allocation

Out of the 1,000,000 initial BEAN supply, 250,000 will be released as the BLOOM token. Twenty percent will be allocated to market liquidity and five percent to community allocation. The BLOOM will be available in April 2024 to create awareness and generate a strong community of peers around the project before institutional investment arrives. The BLOOM token has no utility; however, BEAN currency will be awarded on a 1-to-1 basis to BLOOM holders. This will occur upon the release of BloomBeans Financial System, which is expected in December 2024.