CBND - The World’s First Convertible Crypto Bond
Dear COMMunity,
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We are thrilled to announce that our first round of ICO will commence on March 1st. The token sales will be conducted at our dedicated ICO website, cryptocommonwealth.co.
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Since our main token COMM has been listed on IMOEX, we designed a decentralized and novel crypto derivative to assist our token sale, improve market liquidity and reduce investors’ risks. The new product is called CBND, pronounced “C Bond”.
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CBND is the world’s first Convertible Crypto Bond. It shares certain features in common with Convertible Bond in the traditional market, but with significant simplifications. The token sale is essentially on the crypto underlying, COMM, with three different lock periods: CBND6 for six months, CBND3 for three months, and CBND for one month. When these locks are over, 1:1 and one-way redemption would be offered to convert each CBND to COMM, the main token. This will be done via either smart contracts or trading pairs in prestigious exchanges, to be announced soon. For each CBND (including CBND3 and CBND6) issued, the same amount of COMM is locked until the day of redemption, preventing any potential inflation on the COMM supply. Upon redemption, any and all CBNDs would be burnt immediately by the COMM team. The remaining and circulating CBNDs in the market, if any, would share the same tokenomics with COMM and continue to persist.
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There will be 6 major ICO/IEO stages, each to last 5 days, with tokens sold at varied discounts of the current market price ($0.09 as of mid February 2020). Stages 1 and 2 offer CBND6 (lock period six months) on sale, Stages 3 and 4 offer CBND3 (lock period three months), and Stages 5, 6 offer CBND (lock period one month). The first five stages offer token bonuses at 10%, 8%, 6%, 4%, and 2% on top of purchase amounts, respectively. Meanwhile, IEO will run in sync on ChainX - a crypto exchange among the top 10 in adjusted trading volume per Coinmarketcap’s ranking report. The token bonuses will be however exclusively available on cryptocommonwealth.co only. KYC would be desired for the token sale, and processed on a first-come-first-serve basis. The CBNDs will be listed immediately after all stages of ICO/IEO on exchanges of note including ChainX.
Disclaimer:
The purchaser represents and warrants that he/she is not a citizen or resident, or otherwise subject to the Laws, of any jurisdiction in which the offer, sale, purchase, or transfer of SAFTs or Tokens is not permitted by applicable Laws, in all respects. Furthermore, no U.S. investors will be allowed to participate in this sale, nor will investors from any country on the OFAC sanctions list, including Balkans, Belarus, Burma, Côte D’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, and Zimbabwe. This sale is being offered in an offshore transaction as defined in Regulation S and to foreign investors in the Regulation S safe harbor. U.S. investors could invest only in the Regulation D 506(c) private sale for accredited investors via a SAFT with a 1-year holding period for the COMM tokens. Thank you for your support and cooperation.
Team Commonwealth
Dear COMMunity,
⠀
We are thrilled to announce that our first round of ICO will commence on March 1st. The token sales will be conducted at our dedicated ICO website, cryptocommonwealth.co.
⠀
Since our main token COMM has been listed on IMOEX, we designed a decentralized and novel crypto derivative to assist our token sale, improve market liquidity and reduce investors’ risks. The new product is called CBND, pronounced “C Bond”.
⠀
CBND is the world’s first Convertible Crypto Bond. It shares certain features in common with Convertible Bond in the traditional market, but with significant simplifications. The token sale is essentially on the crypto underlying, COMM, with three different lock periods: CBND6 for six months, CBND3 for three months, and CBND for one month. When these locks are over, 1:1 and one-way redemption would be offered to convert each CBND to COMM, the main token. This will be done via either smart contracts or trading pairs in prestigious exchanges, to be announced soon. For each CBND (including CBND3 and CBND6) issued, the same amount of COMM is locked until the day of redemption, preventing any potential inflation on the COMM supply. Upon redemption, any and all CBNDs would be burnt immediately by the COMM team. The remaining and circulating CBNDs in the market, if any, would share the same tokenomics with COMM and continue to persist.
⠀
There will be 6 major ICO/IEO stages, each to last 5 days, with tokens sold at varied discounts of the current market price ($0.09 as of mid February 2020). Stages 1 and 2 offer CBND6 (lock period six months) on sale, Stages 3 and 4 offer CBND3 (lock period three months), and Stages 5, 6 offer CBND (lock period one month). The first five stages offer token bonuses at 10%, 8%, 6%, 4%, and 2% on top of purchase amounts, respectively. Meanwhile, IEO will run in sync on ChainX - a crypto exchange among the top 10 in adjusted trading volume per Coinmarketcap’s ranking report. The token bonuses will be however exclusively available on cryptocommonwealth.co only. KYC would be desired for the token sale, and processed on a first-come-first-serve basis. The CBNDs will be listed immediately after all stages of ICO/IEO on exchanges of note including ChainX.
Disclaimer:
The purchaser represents and warrants that he/she is not a citizen or resident, or otherwise subject to the Laws, of any jurisdiction in which the offer, sale, purchase, or transfer of SAFTs or Tokens is not permitted by applicable Laws, in all respects. Furthermore, no U.S. investors will be allowed to participate in this sale, nor will investors from any country on the OFAC sanctions list, including Balkans, Belarus, Burma, Côte D’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, and Zimbabwe. This sale is being offered in an offshore transaction as defined in Regulation S and to foreign investors in the Regulation S safe harbor. U.S. investors could invest only in the Regulation D 506(c) private sale for accredited investors via a SAFT with a 1-year holding period for the COMM tokens. Thank you for your support and cooperation.
Team Commonwealth
Crypto Commonwealth has secured a partnership with #ChainX Exchange to expand its Korean and Asian market share. Our natural token, #COMM will be listed on ChainX at 5:00 pm KST, Feb 24. The #CBND derivatives will embark on ChainX after the premium sales in early April.
ChainX is dedicated to finding great projects and bringing them forth to the Korean won market. It partners with a number of world-leading crypto venture capital firms, including Neo Global Capital, Node Capital and 8decimal Capital. As a top 10 exchange in Coinmarketcap’s adjusted volume ranking, ChainX will keep doing its best to select and list good projects, en route to becoming a world-class exchange.
COMM will continue to seek #partnership in varied industries, enrich media exposure in international markets and expand its global #COMMunity.
Chainx Website: https://chainx.kr/
Telegram: https://www.tg-me.com/chainx_official
Channel: https://www.tg-me.com/chainx_announcement
ChainX is dedicated to finding great projects and bringing them forth to the Korean won market. It partners with a number of world-leading crypto venture capital firms, including Neo Global Capital, Node Capital and 8decimal Capital. As a top 10 exchange in Coinmarketcap’s adjusted volume ranking, ChainX will keep doing its best to select and list good projects, en route to becoming a world-class exchange.
COMM will continue to seek #partnership in varied industries, enrich media exposure in international markets and expand its global #COMMunity.
Chainx Website: https://chainx.kr/
Telegram: https://www.tg-me.com/chainx_official
Channel: https://www.tg-me.com/chainx_announcement
𝗖𝗢𝗠𝗠'𝘀 𝗖𝗛𝗔𝗥𝗜𝗧𝗬 𝗣𝗥𝗢𝗚𝗥𝗔𝗠:
Crypto Commonwealth is an ecosystem devoted to uniting all people undifferentiated and encompassing maximal consensus, in spite of their nationality, ideology, race and financial status. The digital assets under our professional management and the philanthropic endeavors we pursue repay our COMMunity and the society.
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We contribute the majority of ongoing profits after fees and operational costs, to expand and promote the nonprofit ecosystem, advance research in multiple frontiers, including fundamental and social sciences, and build a safe, just and open-source digital world on blockchain.
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For More Details Visit 𝗛𝗲𝗿𝗲👇
cryptocommonwealth.co
Crypto Commonwealth is an ecosystem devoted to uniting all people undifferentiated and encompassing maximal consensus, in spite of their nationality, ideology, race and financial status. The digital assets under our professional management and the philanthropic endeavors we pursue repay our COMMunity and the society.
⠀
We contribute the majority of ongoing profits after fees and operational costs, to expand and promote the nonprofit ecosystem, advance research in multiple frontiers, including fundamental and social sciences, and build a safe, just and open-source digital world on blockchain.
⠀
For More Details Visit 𝗛𝗲𝗿𝗲👇
cryptocommonwealth.co
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Crypto Commonwealth ANN pinned «CBND - The World’s First Convertible Crypto Bond Dear COMMunity, ⠀ We are thrilled to announce that our first round of ICO will commence on March 1st. The token sales will be conducted at our dedicated ICO website, cryptocommonwealth.co. ⠀ Since our main…»
Consensus is highly valuable. It has paramount power to promote massive collaboration. Digital currencies securely store and transfer the value of consensus.
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Financial democracy among the global payment network comes only from free competitions outside the system. The taming of currency issuers, and the realization of a shared dream to put them in cages can be only achieved by free competition.
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Digital currencies successfully lock all central currency issuers behind the cage, and return the power and privilege to people globally. The rise of their market capitalization over the years is proof. It is only behind bars where the issuers shall stay both tractable and unharmful, and where COMM, as of the moment, is talking to you all. COMM and CBND stand firmly in support of financial democracy, liberty and freedom digital currencies offer.
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COMM premium sales are about to start at both our website and exchanges of note on March 1st 2020! Behold, and get ready to embark on an exciting journey with COMM and CBND from this limited-time offer!
⠀
For More Details Please Visit 𝗢𝘂𝗿 𝗪𝗲𝗯𝘀𝗶𝘁𝗲👇
cryptocommonwealth.co
⠀
Financial democracy among the global payment network comes only from free competitions outside the system. The taming of currency issuers, and the realization of a shared dream to put them in cages can be only achieved by free competition.
⠀
Digital currencies successfully lock all central currency issuers behind the cage, and return the power and privilege to people globally. The rise of their market capitalization over the years is proof. It is only behind bars where the issuers shall stay both tractable and unharmful, and where COMM, as of the moment, is talking to you all. COMM and CBND stand firmly in support of financial democracy, liberty and freedom digital currencies offer.
⠀
COMM premium sales are about to start at both our website and exchanges of note on March 1st 2020! Behold, and get ready to embark on an exciting journey with COMM and CBND from this limited-time offer!
⠀
For More Details Please Visit 𝗢𝘂𝗿 𝗪𝗲𝗯𝘀𝗶𝘁𝗲👇
cryptocommonwealth.co
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Dear COMMunity,
We launch the token sale on March 1 and will hold a quiz in our global Telegram group @Crypto_Commonwealth at 6:00 PM GMT tomorrow (02/27/2020) to promote general understanding of this sale. Note we have decided to escalate the quiz from the regional group to the global group for a larger audience. 5 questions will be asked, each with 100 COMMs for 5 different members. We will also rain some COMMs to active users in the chat to repay your dedicated support. Get ready, get set & enjoy! 💪
We launch the token sale on March 1 and will hold a quiz in our global Telegram group @Crypto_Commonwealth at 6:00 PM GMT tomorrow (02/27/2020) to promote general understanding of this sale. Note we have decided to escalate the quiz from the regional group to the global group for a larger audience. 5 questions will be asked, each with 100 COMMs for 5 different members. We will also rain some COMMs to active users in the chat to repay your dedicated support. Get ready, get set & enjoy! 💪
To our beloved COMMunity - we would like to thank all of you that joined our quiz today! And for the winners, CONGRATULATIONS! Keep supporting us and hope to see you again in more upcoming events!
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COMM is now featured on Bloomberg!
https://www.bloomberg.com/press-releases/2020-02-26/rise-of-the-world-s-first-convertible-crypto-bond-the-name-is
https://www.bloomberg.com/press-releases/2020-02-26/rise-of-the-world-s-first-convertible-crypto-bond-the-name-is
Our Chief Editor and influential journalist Simon Cocking is hosting a series of interviews on Irish Tech News for our core team - a group of publishing and investment experts. See http://bit.ly/2I6pEj2 for the first featured interview with COMM's founder, Dr. Wayne Yee!
Dr. Yee has many years of quantitative alpha research experience in hedge funds. He is familiar with asset management in stocks and cryptos, tokenomics and philosophy, as well as managed and researched market neutral equity portfolios and strategies in renowned quantitative hedge funds with good performance. He also participated in the search of Higgs boson in Fermilab. The work and the ongoing research at CERN’s Large Hadron Collider led to the discovery of the Higgs boson, the Nobel Prize winner in physics 2013. Dr. Yee earned a bachelor’s degree in Physics, University of Science and Technology of China (USTC), and a doctoral degree in Physics, Stony Brook University.
Dr. Yee has many years of quantitative alpha research experience in hedge funds. He is familiar with asset management in stocks and cryptos, tokenomics and philosophy, as well as managed and researched market neutral equity portfolios and strategies in renowned quantitative hedge funds with good performance. He also participated in the search of Higgs boson in Fermilab. The work and the ongoing research at CERN’s Large Hadron Collider led to the discovery of the Higgs boson, the Nobel Prize winner in physics 2013. Dr. Yee earned a bachelor’s degree in Physics, University of Science and Technology of China (USTC), and a doctoral degree in Physics, Stony Brook University.
See http://bit.ly/382U7cs for a featured #interview from Simon Cocking of Irish Tech News, with #COMM's cofounder, Dr. Jackey Yan - a serial entrepreneur and savvy investor with a strong technical background.
Dr. Yan is a senior principal software engineer at Cadence Design Systems, focusing on scalable and efficient algorithm design, data structure, optimization, distributed system, and large-scale software development. Meanwhile, he invested in multiple startup businesses and operates his own with good cash flow. He is a Ph.D. in Computer Engineering.
Dr. Yan is a senior principal software engineer at Cadence Design Systems, focusing on scalable and efficient algorithm design, data structure, optimization, distributed system, and large-scale software development. Meanwhile, he invested in multiple startup businesses and operates his own with good cash flow. He is a Ph.D. in Computer Engineering.
See http://bit.ly/2TbKXpY for a featured interview from Simon Cocking of Irish Tech News, with COMM's advisor, Dr. George Lai - a derivative pricing expert and senior quant in investment banking.
Dr. Lai has more than five years experience working in the financial field, in particular quantitative research and derivative pricing. Currently he works in the investment banking division of TD Bank as a senior quant, and mainly focuses on the derivative products pricing. He formulates a large number of mathematical models for the front trading desks in strategy construction, optimization, arbitraging and hedging.
Prior to the current position, Dr. Lai was a quant researcher in a fintech company that develops applications of financial analytics with quantitative pricing solutions. He received his Ph.D. degree in Biophysics from Stony Brook University.
Dr. Lai has more than five years experience working in the financial field, in particular quantitative research and derivative pricing. Currently he works in the investment banking division of TD Bank as a senior quant, and mainly focuses on the derivative products pricing. He formulates a large number of mathematical models for the front trading desks in strategy construction, optimization, arbitraging and hedging.
Prior to the current position, Dr. Lai was a quant researcher in a fintech company that develops applications of financial analytics with quantitative pricing solutions. He received his Ph.D. degree in Biophysics from Stony Brook University.
