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Era of personal crypto bonds: NBA players, ethereum and personal bonds

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Ding is perhaps the most forward-thinking player in NBA history

Original title: "the age of personal encrypted bonds: NBA players, ethereum and personal bonds"
Blue fox notes

January 13, 2020, is a date to remember for the world of encryption. On this day, NBA nets player Spencer Dinwiddie issued the first personal encrypted bond for a professional player in history. Ding's personal encrypted bonds contain many tags:

* personal bonds of the first professional player

* individual bonds based on the ethereum blockchain

* token tradable personal bonds

个人加密债券时代：NBA 球员、以太坊与个人债券

(Mr. Ding said he was looking forward to issuing private cryptographic bonds.)

Specifically, Spencer Dinwiddie issues 90 individual debt tokens through a STO platform called Securitize. The tokens are issued on the basis of Eben. Each token is worth $150,000.

Investors who buy Spencer Dinwiddie's cryptographic bond tokens are not allowed to trade them for a year, a year when tokens are locked up. As a yield on individual bonds, investors receive 4.95 percent interest per month, which is repaid when the principal matures. It's due in three years.

Currently only qualified investors are allowed to participate, so the process is very complicated and requires AML/KYC validation.

The meaning of "ding wei di jia mi bond" to the encrypted world

There will be little direct impact on the value of crypto-assets. But the important thing is that it opens up new concepts.

First, it ushered in the era of personal encrypted bonds.

If the din-vedic bond case is successful in the future, it could inspire other professionals to follow suit, not only NBA players, but also tennis players, soccer players, singers, artists, etc.

Maybe one day in the future, "spencer Robert dinwiddie bonds" will become the pronoun of personal encryption bonds. The scrip issue until the end of February 10, if successful, this is one of the important events in the history of encryption. Encryption because it opens up a personal bond. A well-funded company successfully issued $15 million of bonds may not be difficult, but personally, success such as the $15 million of debt is worth attention.

Second, it broadens the use of the chain.

Professional players can issue personal bonds. That was hard to do before. Now with the infrastructure of the corporate chain, issuing personal bonds based on ethereum or other corporate chains (EOS, Harmony, Nervos, etc.) has become practically feasible. If the spencer dinwiddie bond is successful, it will enrich the use case for the chain.

Finally, it broadens the imagination.

Now that individuals can issue bonds, will more derivatives be created on the basis of individuals? If individuals can issue cryptographic bonds based on future income, can other organizations, such as corporations, also issue cryptographic bonds based on future contractual income or other assets? It would open the floodgates to discussion, even if it were not for regulatory and compliance reasons.

Ding is perhaps the most forward-thinking player in NBA history

Mr. Ding and his team of advisers negotiated with the N.B.A. and made some concessions in order to secure a personal bond issue. Initially, he and his team designed the value of tokens to be tied to the third-year player option, so that investors would benefit from a higher-return contract. But that design was rejected by the NBA. If it can be agreed, it is equivalent to that the token is linked to the player's future performance and return, of course, the risk and return have also increased year on year, but there will be more room for imagination and operation.

From the above design and operation, ding weidi looks more like an investment genius delayed by basketball. Rumor has it that he made a profitable investment in bitcoin in 2017, buying it for less than $4,000.

The personal bond issue is a boon for him, with $34 million in contracts over the next three years and $15 million in cash immediately after the cryptographic bond sale. And as a senior bitcoin investor, would he put some of that into bitcoin? Would it be a good financial and investment operation if he allocated some of it to bitcoin, and if the value of bitcoin over the next three years far exceeds the interest it pays each month? For professional NBA players, this kind of investment foresight is rare, in this regard, he is perhaps the most forward-looking investment brain in the history of the NBA.

The appeal of din-vedic bonds to investors

Ding wei di personal encrypted bond is only available to qualified investors, not to ordinary individual investors, which is also related to compliance and regulation, so its impact will be limited to a certain extent. Still, there will be investor interest. The reasons are as follows:

Mr. Ding's personal bonds, based on tokens issued by ethereum, can be traded on an exchange, and while there is a one-year lockup period, they can be traded at any time after a year, earning a premium.

Mr. Ding promised to invite eight of them to the all-star game if they made it. This is a kind of fan welfare, is the economic embodiment of fans. Ding won the NBA all-star skills challenge in 2017-18.

个人加密债券时代：NBA 球员、以太坊与个人债券

(in the video, ding said that eight investors would be invited to attend the all-star game if he was selected.)

The yield on his private cryptographic bonds is good, at 4.95 percent per month compared to other investments, and the risk is relatively modest, with $34.4 million in contract yield collateral over the next three years.
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Risk warning: all articles of blue fox notes cannot be used as investment advice or recommendation. Investment has risks. Investment should take into account individual risk tolerance.

Source:weixin.qq.com

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