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π FTX is dead, but Bitcoin-backed security tokens aren't!
The BMN1 security token is a hedge to the bear market
Woweee, the last couple of days have been complete pandemonium.
FTX basically fell off the face of the Earth, crypto took a dive, and Elon Musk is doing Twitter in an interesting way.
But, you know what... all of this negative sentiment toward crypto is exactly what we have been preaching about security tokens.
Security tokens have nothing to do with crypto except that we both use blockchain.
Which brings me to my next point about how literally a security token created by Blockstream that grants you exposure to Bitcoin is a hedge against all bear markets.
It's a win-win, you still have exposure to Bitcoin, but have a higher return compared to just holding it.
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I know we usually send emails out on Monday, but since we are working on too many cool projects, I couldn't resist and wait until next week to share!
Okay, okay, let's get into it.
In short, Jackson Blau, Nosa James, and the research team conducted arguably the most comprehensive analysis of a security token ever produced.
In collaboration with Blockstream, we analyzed the Blockstream Mining Note (BMN1) security token and its performance thus far, as well as how BMN1 holders outperformed spot BTC investors.
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For those of you who don't know BMN1, let's break it down:
Overview: BMN1 is a Blockstream security token issued on the Liquid Network that grants investors exposure to their Bitcoin mining operations where your investment entitles you to a proportionate amount of Bitcoin mined.
Performance thus far: As of October 28th, 2022, each BMN1 token has produced 5.163 bitcoin.
As of this date, BMN1 contracts are on the 479th day of their 1096-day term (i.e.,~43.7% completed). BMN1 is on pace to produce ~11.8 bitcoin per token.
The BMN1 Advantage: BMN1 investors experience some protection in relation to traditional Bitcoin investors when the price of a bitcoin falls and experience βjuicedβ returns when the price of a bitcoin rises.
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The most eye-opening statistic in this report was the % that BMN1 holders were up compared to just holding and buying spot Bitcoin.
When I first read it, I was blown away.
And because you are a loyal subscriber of our newsletter, we are able to provide you all a 20% discount.
When you checkout, be sure to use code STM20 for 20% off the report, and happy reading!
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Thank you for being a subscriber and look out for more high-quality reports.
Let's get liquid! π
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Everything in this report is for informational and entertainment purposes only. Nothing in this report should be taken as financial advice or as an inducement to purchase or sell any security. Nothing in this market report should be used as legal advice. Always do your own research before making any decisions regarding financial transactions of securities.