Last week, London Block Exchange (LBX) and Argento announced what they claim to be the world’s first Bitcoin (BTC) bond.
There was plenty of coverage on the announcement, so we won’t re-hash what already exists. Instead, we’re sharing the growth rates offered by the three bond options.
Bond Options
LBX and Argento are offering three product options, named after words that have become popular in the crypto community: FOMO, HODL and LAMBO.
The monthly coupon is paid in BTC. Crypto Buyers Club UK understands that while your initial investment is locked up for the term specified, the monthly coupon is not ‘locked’ as such.
All options have zero exposure to fiat: all settlement, collateral, and growth is denominated in Bitcoin.
We understand the minimum investment is 1 BTC.
FOMO: 18 months
The first option is for a term of 18 months, with the following growth rates:
- Monthly ₿ Growth: 0.55% of ₿
- Annual ₿ Growth: 6.67% of ₿
- Total ₿ Growth: 1.10x of ₿
ISIN number: LU2014382175
HODL: 3 years
The second option is for a term of 3 years, with the following growth rates:
- Monthly ₿ Growth: 0.58% of ₿
- Annual ₿ Growth: 7.00% of ₿
- Total ₿ Growth: 1.21x of ₿
ISIN number: LU2014382092
LAMBO: 5 years
The final option is for serious long-term hodlers with a term of 5 years and the following growth rates:
- Monthly ₿ Growth: 0.67% of ₿
- Annual ₿ Growth: 8.00% of ₿
- Total ₿ Growth: 1.4x of ₿
ISIN number: LU2014382258
Other Information
Legal Entity Identifier: 222100EYITOOFNFIVM93
Official CFI: DBFXFR
Capacity: Limited to 10,000 BTC per series
Fees: No fees are applied at the bond level. 0.5% platform fee is charged to the collateral.
Further information is available upon request.
