Bonum BFT ICO – Blockchain Global Crypto Backed Loans & Deposits?

Bonum BFT, found online at, provides global backed loans and deposits on a blockchain-based platform. Find out how it works today in our review.

What is Bonum BFT ICO?

Bonum BFT is a blockchain-based platform that provides crypto-backed loans and deposits. You can access crypto-backed loans at a rate as low as 1% per month, for example, or deposit your crypto to earn rates of 0.5% per month.

Basically, Bonum functions like a bank: customers can deposit money into the platform to earn an interest rate on their savings, and borrowers can pay the bank to borrow this money.

Today, Bonum accepts cryptocurrencies like BTC, BCH, ETH, LTC, DASH, and XMR.

How Does Bonum Work?

Bonum is an international loan and deposit platform. Customers can use the platform to receive instant liquidity (i.e. a loan) or to receive additional passive income by earning interests on their deposits.

Bonum isn’t a P2P lending platform. Instead, all deals are made instantly with Bonum as an intermediary.

You can use cryptocurrencies and digital tokens as collateral on Bonum. In the future, the company claims it could accept other assets, including tokenized versions of real estate, cars, diamonds, securities, and gold, among other assets.

Here’s how Bonum works for borrowers and lenders:

  • To get a loan, a customer must have collateral (like cryptocurrency or a digital asset on a blockchain). That asset will be frozen by Bonum for the period of the loan. After this collateral is frozen, the client automatically receives a loan. After the repayment of the loan and interest on the loan, the collateral becomes automatically available to borrowers.
  • To open a deposit and lend money, customers determine the amount of currency they wish to deposit into the platform. Then, Bonum dispenses the deposit amount, and the customer receives interest. The customer can get back their invested amount at any time.

This entire transaction is governed by smart contracts. All loans issued by the platform are collateralized, which means even if the borrower defaults, the platform is guaranteed to return the loan amount and cover deposits. The collateral is recorded on the Bonum blockchain.

Bonum Features

Bonum advertises all of the following features:

  • Loans available in fiat currencies and cryptocurrencies
  • Multiple currency options for collateral and deposits
  • Transactions within the platform are made through smart contracts
  • Interests on loans and deposits are calculated every hour
  • Loans for any amount from $1 and up
  • Emergency fund available to ensure the return of all deposits
  • Not a P2P lending platform, which means you don’t have to wait for a suitable lender or borrower to accept your offer

Bonum Fees

The only payment for a Bonum loan is the interest rate on that loan. There are no hidden fees, commissions, or fines.

The Bonum BFT ICO

50% of the total supply of Bonum BFT ICO tokens will be sold through an ICO. Of the remaining tokens, 20% are being held in a reserve fund, 15% are set for the team, 10% for advisors, and 2% for bounties.

The pre-ICO rate was set at $1 USD = 1 BFT with a hard cap of $750,000. The price is the same during the general ICO, but with a hard cap of $30 million USD.

Bonum BFT tokens are utility tokens for Bonum. The tokens are ERC20 tokens built on the Ethereum blockchain.

Who’s Behind Bonum?

Bonum was co-founded by Eugene Gnatuk and Igor Rogachev. The development team is based in Russia.

The team formed in Q4 2016. Development took place starting in August 2017, with launch of the platform scheduled before the end of 2018 (in beta).

Bonum BFT ICO Conclusion

Bonum is a lending platform where borrowers can access fiat currency by placing cryptocurrencies as collateral, while lenders can earn interest by depositing fiat currency into the platform. Bonum secures all transactions with smart contracts and the blockchain, although it’s not a P2P lending platform. The only fee is the interest rate paid by the user – there are no hidden fees or surcharges.

To learn more about how Bonum works, visit online today at

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