BHOLDUS launches cross-chain platform with 400 times faster than that of the current popular blockchains.

The Singapore-based startup offers a one-stop-shop blockchain exchange platform that provides encrypted financial solutions for SMEs, with one prime goal – to become the next blockchain unicorn in Southeast Asia.

According to SME Finance Forum, Southeast Asian businesses face a capital shortage of close to US$300 billion. In one of the larger emerging markets in the region, while private enterprises account for over 97% of the total number of companies, they receive less than 22% of the total amount of funding from banks, indicating a gap of up to US$21 billion.

As a result, loans are gradually moving online, with the volume of auto loans reaching 29% compound annual growth. Getting ahead of the curve, Bholdus works to connect SMEs in the region with funding opportunities from crypto investors.

Bholdus is a blockchain dedicated to decentralized financial (DeFi) applications, cross chained with digital asset economies with direct integration with other DeFi networks such as Binance, Ethereum, and Polkadot.

The startup provides SME a variety of loans collateralized by a hybrid of crypto and non-fungible tokens (NFTs) representing real-world, audited assets. Concurrently, crypto investors are supported to stake their assets and securely earn interests via various sources, including lending for a stable income.

In time, it is hoped that Bholdus will become a platform that meets all SMEs’ DeFi needs – lending, borrowing, digital asset pools, tokenisation, ecosystems of blockchain networks, blockchain institutions, et cetera.

Bholdus allows on-chain borrowing agains various collateralized assets managed by trustless smart contracts. Contracts written by community developers and users are put under essential safeguards to prevent malicious, bad actors as well as inexperienced developers.

The Singapore-based startup takes a further step with Decentralized Autonomous Organization where trust is built into the system and community has the incentives to govern, keep it profitable and sustainable.

With clear regulations, young population with high crypto adaptation and a race between central banks to develop digital currencies, Singapore is leading the way in the cryptocurrency industry.

The blockchain-based fintech established in 2018, Bholdus brings together a team of experts in FinTech/Blockchain and an Advisory Board comprising C-level executives from established MNCs. Currently, Bholdus is also building blockchain solutions for capital management systems and distribution channels for multinational corporations in the region.

BHO incentivizes desired behaviors on the Bholdus interoperable blockchain network. Owning BHO tokens provides users a stake in the Bholdus network. Participants use BHO to pay for transaction fees, stake as validators, and participate in Bholdus on-chain governance. In addition, the BHO token helps ensure chain security by rewarding BHO holders in the Parachain loan offering and by distributing a block reward to Validators and Nominators.

As the ecosystem of Bholdus token owners grows, the BHO token will capture the increasing value provided to token owners via each of its utilities. According to Bholdus Whitepaper, the total supply of the BHO tokens will be 10 billions token and minted at the launch of the main net and kept in the BHO reserve Pool for distribution amongst investors, contributors, and participants to the network.

As of now, Bholdus is launching rounds for private sales, aiming to fund investor, early birds and BHO holders.

Update: Nearly 50% slots are fully booked on its first day of Private Sale.

Total Supply: 10 000 000 000 BHO tokens

Period: June 24, 2021 – September 17, 2021

Private Sale: June 24 – July 15, 2021, 1 billion BHO tokens for funds investors

Early Bird: July 16, 2021 – August 16, 2021 | BUSD 0.0025 | Available supply: 2 billion BHO tokens.

Public Sale: Registration: Aug 6 – Aug 16 | Sales: Aug 17 – September 17, 2021 | BUSD 0.005 | Available supply: 1 billion BHO tokens.

You can visit the BHOLDUS website for more info.

The post BHOLDUS Launches 400x Faster Cross-Chain Platform appeared first on BeInCrypto.

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