Bonds

The Bonds are the first project launched by the Bank of Lannuvár. The chief aim of the Bonds is to raise funds for the Faction’s finances. The funds raised via Bonds will be used to grow the Faction’s purse by, among other things, buying Genesis Businesses.

The principle of how bonds work is simple. The The Bank of Lannuvar issues papers in the form of NFTs, these papers entitle their holder to monthly interest (a generous 20% APR), as well as the total reimbursement of the face value at expiration, both denominated in $REALM. 600 $R total is paid over one year per NFT.

interest = 8.33 $REALM per Bond in monthly yield

The expiration date for the Bonds is July 2023. Final interest payment plus face value of 500 $REALM payment will take place 1st of June, 2023.

The first issue of Bonds raised 20 $EGLD. The details of how these funds are used and managed can be examined in the💱Account Book of the Bank in detail.

Additional uses for these NFTs may occur, stay tuned this resource for the latest news regarding new features.

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