👨🏻‍🏫 BeGlobal academy: bonds.

🚨Dear BGlobians,

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🚀

🌐 Discord: https://discord.gg/ZSHSxTrmar

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📣 News Channel: https://t.me/BeGlobalAnnouncements

🕊️ Twitter: https://twitter.com/Beglobaldefi