CBND – The World’s First Convertible Crypto Bond

Dear COMMunity,

We are thrilled to announce that our first round of ICO will commence on March 1st. The token sales will be conducted at our dedicated ICO website,

Since our main token COMM has been listed on IMOEX, we designed a decentralized and novel crypto derivative to assist our token sale, improve market liquidity and reduce investors’ risks. The new product is called CBND, pronounced “C Bond”.

CBND is the world’s first Convertible Crypto Bond. It shares certain features in common with Convertible Bond in the traditional market, but with significant simplifications. The token sale is essentially on the crypto underlying, COMM, with three different lock periods: CBND6 for six months, CBND3 for three months, and CBND for one month. When these locks are over, 1:1 and one-way redemption would be offered to convert each CBND to COMM, the main token. This will be done via either smart contracts or trading pairs in prestigious exchanges, to be announced soon. For each CBND (including CBND3 and CBND6) issued,  the same amount of COMM is locked until the day of redemption, preventing any potential inflation on the COMM supply. Upon redemption, any and all CBNDs would be burnt immediately by the COMM team. The remaining and circulating CBNDs in the market, if any, would share the same tokenomics with COMM and continue to persist.

There will be 6 major ICO/IEO stages, each to last 5 days, with tokens sold at varied discounts of the current market price ($0.09 as of mid February 2020). Stages 1 and 2 offer CBND6 (lock period six months) on sale, Stages 3 and 4 offer CBND3 (lock period three months), and Stages 5, 6 offer CBND (lock period one month). The first five stages offer token bonuses at 10%, 8%, 6%, 4%, and 2% on top of purchase amounts, respectively. Meanwhile, IEO will run in sync on ChainX – a Korean crypto exchange, and potentially one or two more exchanges of note. The token bonuses will be however exclusively available on only. KYC would be desired for the token sale, and processed on a first-come-first-serve basis. The CBNDs will be listed immediately after all stages of ICO/IEO on exchanges of note including ChainX. 


The purchaser represents and warrants that the purchaser is not a citizen or resident, or otherwise subject to the Laws, of any jurisdiction in which the offer, sale, purchase, or transfer of SAFTs or Tokens is not permitted by applicable Laws, in all respects. Furthermore, no U.S. investors will be allowed to participate in this sale, nor will investors from any country on the OFAC sanctions list, including Balkans, Belarus, Burma, Côte D’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, and Zimbabwe. This sale is being offered in an offshore transaction as defined in Regulation S and to foreign investors in the Regulation S safe harbor. U.S. investors could invest only in the Regulation D 506(c) private sale for accredited investors via a SAFT with a 1-year holding period for the COMM tokens. Thank you for your support and cooperation.

Team Commonwealth

3 thoughts on “CBND – The World’s First Convertible Crypto Bond”

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