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Bonorum Review

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Average

Revainrating 3 out of 5  
Rating 
3.0
Crypto Projects

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Description of Bonorum

Bonorum (BONO) is a cryptocurrency launched in 2020. Bonorum has a current supply of 722,539.506421 with 0 in circulation. The last known price of Bonorum is 0.27949893 USD and is down -1.86 over the last 24 hours. It is currently trading on 1 active market(s) with $0.00 traded over the last 24 hours. More information can be found at https://www.bonorum.io/.

Reviews

Global ratings 4
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Type of review

Revainrating 2 out of 5

P2P stage advances supported by cryptographic forms of money.

The monetary biological system decides on various capacities that permit ventures to acquire the capital that they require right away, with a particular goal in mind there are a few stages and foundations that can offer these administrations, notwithstanding a large portion of them are restricted for certain nations as well as meeting necessities a lot really intense, yet because of the fuse of Bonorum it very well may be a feasible alternative for digital money advances with the KYC…

Pros
  • Offers crypto-upheld moment advances.
  • All stores and advances are in set up or stable monetary forms.
Cons
  • They are by all account not the only ones zeroed in on crypto-based advances.
  • Moderately new task.

Revainrating 4 out of 5

P2P platform loans backed by cryptocurrencies.

The financial ecosystem opts for multiple functions that allow investments to obtain the capital that they require instantly, in a certain way there are several platforms and institutions that can offer these services, however most of them are limited for some countries in addition to meeting requirements many more demanding, but thanks to the incorporation of Bonorum it can be a viable option for crypto currency loans with the KYC verification process. The benefits it provides for new users…

Pros
  • Offers crypto-backed instant loans.
  • All deposits and loans are in established or stable currencies.
  • All accumulated or borrowed funds can be easily withdrawn by bank transfer such as SWIFT or SEPA to a bank account.
  • It has a bonus of 15% annual interest per deposit either in main cryptocurrencies or stable currencies.
  • Associated with bitgo as an asset custody and payment method.
  • All data and transactions are protected with the SSL protocol.
Cons
  • KYC document verification is delayed in some countries.
  • They are not the only ones focused on crypto-based loans.
  • Relatively new project.

Revainrating 4 out of 5

It is a crypto loan platform.

It is a P2P lending and borrowing platform that enables easy processing in cryptospace in compliance with strict global KYC and AML standards. Their purpose is to disburse instant crypto-backed loans to make your crypto assets more efficient than the assets used for specific purposes. Most crypto owners have no option but to trade their crypto assets for a profit. The lending platform allows communities to enjoy full ownership of their digital assets while having instant access to cash when…

Pros
  • The platform uses its Coin to pay or charge interests on dollar loans therefore it does not affect your HODL ratio.
  • Users who pay interest using its Coin on their loans receive up to 25% discount on all interest payments.
  • The top members with the largest holdings will be entitled to additional benefits like dedicated customer support, premium invites to top events, meet ups with the team and exclusive events only for the top holder community.
Cons
  • Their platform has not yet been launched.
  • They have no whitepaper yet, but have a green paper.

Revainrating 3 out of 5

Cryptocurrency banking services, still under development.

Cryptocurrency-backed instant business loan platform, meaning you have access to instant cash funds. But this project is not limited to only financing methods since it offers 10% per year for those who want to offer their funds as loans. This project is a cryptocurrency bank where you will have several options for financing, receiving passive interest. The money is settled directly into your bank account after verification of your identity using SWIFT or within the exchange network in Europe…

Pros
  • Taking into account the amount available in the market, it has good market liquidity.
  • Company audit processes are carried out by external auditors to verify liquidity.
  • The funds are held in the recognized BITGO wallet, this generates peace of mind due to their experience.
  • They have more than 20 currencies established for withdrawals in this service.
Cons
  • According to the CMC classification, you are not eligible for a normal classification.
  • At this time there are other projects with similar characteristics.
  • These types of projects could be used for money laundering.
  • Currently, this loan service is in development, according to its data in its roadmap, it does not yet have a launch date for its platform.