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BloomBeans news
About BloomBeans
What is BloomBeans?
BloomBeans is the first fully decentralized Financial System.
While Bitcoin introduced the world to the first peer-to-peer (P2P) currency, BloomBeans is bringing in a complete ecosystem of a currency complemented by a wide range of popular financial products that will be traded in P2P exchanges and decentralized loan markets.
How does it work?
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.
What are CFAs?
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.
How many CFA products there are?
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.
How does each CFA deal with the concept of interest?
Insurance 10y - full access interest-compounding 3 steps
Insurance 5y - full access interest-compounding 6 steps
Insurance 2y - full access interest-compounding 15 steps
Insurance 1y - full access interest-compounding 30 steps
Insurance 3m - full access interest-compounding 120 steps
Loan - Pauses interest
Who created BloomBeans? Why is it anonymous?
BloomBeans was created by a group of economists and mathematicians led by Takashi Nakamoto who, for safety reasons, prefer to maintain their anonymity.
What makes BloomBeans innovative?
⦁ 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.
Token Supply and Distribution
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
BLOOM Token Release
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.
The live BloomBeans price today is $189.14 USD with a 24-hour trading volume of $7,448.02 USD. We update our BLOOM to USD price in real-time. BloomBeans is down 1.23% in the last 24 hours. The current CoinMarketCap ranking is #4625, with a live market cap of not available. The circulating supply is not available and a max. supply of 250,000 BLOOM coins.
If you would like to know where to buy BloomBeans at the current rate, the top cryptocurrency exchange for trading in BloomBeans stock is currently Uniswap v2. You can find others listed on our crypto exchanges page.