👨🏻🏫 BeGlobal academy: bonds.
With 2.0, many new concepts appear in our day-to-day use. As it’s quite newish, you might not be familiar with some of the terms. One of them is the word Bond.
In plain words, a bond is when you sell a token for a higher price than the market, making automatic profit (with stable prices).
📽️ Here is a quick video of how it works. 👇🏻
📝And a more detailed explanation:
For instance, let’s say you have 1000$ of GLBD token.
It could also be 1000$ of GLBD-BUSD LP or 1000$ of BNB.
Basically, you have 1000$ of a token.
▶️ Then, in the BeGlobalDAO platform, you will be able to sell it for a higher price. For instance, 1200$. Possible? Yes. The 1200$ will be paid in GLBD and you can redeem the full amount of tokens in 5 days.
👀 Let’s look at a full example of how a bond works:
- We have 1000$ of BUSD.
- 1st of January: we go to BeGlobalDAO website and bond this 1000$ of BUSD.
- After 5 days, you will have received 1200$ in GLBD tokens.
👉 This is a simplified explanation of what a bond is. All in all, it’s a quick way to make good profit. Besides that, this is what helps the protocol the most as it helps it to acquire liquidity.
👏 We hope you liked our first lesson! More to come in the next days! 🚀
🚀 Official references and All things about BeGlobal🚀
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