Minereum, the project behind the first self-mining smart contract, has released a new crypto bond allowing investors to earn up to 50% a year on their digital assets. The Minereum Crypto Bond is described as a blockchain experiment to prove that it is technically possible to bring traditional bond functionalities into a distributed ledger. This is an exciting offer for savers and a major development in the growing DeFi space.
Earn up to 50% a Year With the Minereum Crypto Bond
Minereum has recently announced to the community that its new Crypto Bond is now live. Traditional bonds are considered to be among the safest and most predictable securities among long term investors, but they were always dependent on trusting centralized issuers such as municipalities, governments and corporations to not default on their debt. Minereum solved this issue by bringing bonds into the future of Decentralized Finance (DeFi) and pioneering bonds guaranteed by indisputable software code instead of just promises.
Launched in April 2017 with an airdrop as the first self-mining smart contract, Minereum allows users to generate new coins without the need for crypto mining equipment, letting the code do all the work. The project has undergone a new airdrop in March 2020 with about 1.2 million addresses participating, adding a variety of new features such as decentralized trading, staking and a provably fair on-chain Lucky Draw game.
How the Minereum Crypto Bond Works
Similar to traditional bonds, the Minereum Crypto Bond has three factors that investors need to understand: Maturity, Yield and the Bond value. Maturity is the duration of the bond, which you can currently choose to be between 1, 3 and 5 years. Value is the amount of MNE you want to invest in the bond. Yield is
