El Salvador has received Blockstream's commitment to invest $ 300 million in Bitcoin contracts.

Samson Mow, chief executive of Canadian blockchain technology company Blockstream, tweeted on December 6 that the company had pledged to invest $ 300 million in the Bitcoin bond release (EBB1). Represents the contract. 30% sold before the announcement.

$ 1 billion in Bitcoin bonds: 30% off

Samson Mow's tweet that EBB1 will receive $ 300 million in funding, including hashtags volcano, the El Salvador flag and Bitcoin, is a pledge.

As previously stated, EBB1 is a Tier 2 solution developed by the contract between Blockstream and the Government of El Salvador. Network Liquid will become a permanent base for tokenized bonds and provide annual coupons to traders through Blockstream's asset management platform (AMP).

EBB1 is a 10-year long-term contract with a coupon value of 6.5%, total revenue of $ 1 billion, and a value of $ 100. can promote freedom of contract. , the same as the users correctly, as in Bitcoin.

Revenue will be split in half, with $ 500 million for the next bitcoin purchase and the remaining $ 500 million for the country's bitcoin volcanic geothermal mining infrastructure. The contract is due by 2022. Mandatory. Sale after 3 months.

Blockstream also announced that once the first $ 500 million is raised, half of the additional revenue will be shared with investors in the Bitcoin currency division. When Salvadoran President Nayabi Bukele announced the creation of the first Bitcoin City on November 21, the city would impose a 10% value added tax (VAT) on residents and use half the tax rate to pay EBB1.

As Blockstream is still an oral contract, the final report representing the investment has not yet been signed. That said, current commitments are only public and have yet to be confirmed.

Look at all aspects of EBB1's life

Although the event appears to be unprecedented in the past, reported by the financial community, Jared Lou, chief financial officer of William Blair in New York City, said the EBB1 interest 6.5% hike is unlikely to trigger risk aversion, and Salvador's profits -the contract will fall. Following. It seems like a bad thing. This means that Bougelei (the president) is moving away from the Western system.

Jared Lou reported on the events of November 22 and 23. El Salvador's free bond contract fell to $ 0.644 the next day, before falling to $ 0.636 the next day. Cut almost in half.

At the time, Bloomberg's foreign media reported that the reason for the drop was because investors feared Boguerei's BTC plans would affect the strength of the International Monetary Fund (IMF) and El Salvador. He said the country's financial deficit and high public debt would lead to increasing spending demand.