Users can create tens of thousands of identical products in a single transaction, which can then be assigned to beneficiaries using the batch creation feature.

🟢Decentralized Pensions.

· BloomBeans decentralized pensions can be used in a practical manner to resolve some of today’s pension-related problems: It is widely recognized that state-managed pension systems are in danger today.

· The financial calculations are not sustainable. There is not enough new population to sustain the increasing number of elderly individuals entering the social pension system. There are currently a number of approaches employed to sustain the pension system, including currency devaluation and debt incurrence.

· The situation is not much better for private pension systems. A tightening of monetary policy, new financial competition, the use of overleverage, an increase in financial fragility, and other factors may lead to banking insolvencies that could threaten many private pension plans.

· A second problem with today’s pension system is its dependence on banking and financial institutions. Banks that have been deemed too big to fail are often allowed to engage in various forms of malfeasance with only minor penalties. Local and global economies are affected by this systemic corruption.

🔵Voluntary Taxation.

· Currently, centralized tax systems in many countries encourage high levels of corruption, mismanagement, abuse of power, opacity in fund allocation, and an increase in taxes that undermine economic and social progress.

· The society should work toward becoming a community of responsible, empowered, and sovereign citizens, moving away from a paternalistic view of government that fosters irresponsibility and dependency among its citizens.

· The BloomBeans referral system aims to replace a system of imposition with one based on voluntary tax contributions. As a reward for minting any product, the system issues new coins. In the event that an institution refers more than 100,000 or 1,000,000 participants, they may be entitled to receive up to 20% of the principal.

· States and citizens stand to gain by encouraging voluntary taxation and utilizing decentralized finance, in which public bodies offer referral codes as a source of income.

🟠Modernizing Financial Infrastructures.

· A decentralized financial system is particularly beneficial to less developed economies, since they lack the benefits of a stable, honest, and reliable financial system.

· As a result of BloomBeans, any society with internet access will have access to a sophisticated financial structure, enhanced economic comfort for citizens, increased social stability, increased institutional revenue, as well as a boost to the economy.

🟣Freedom from Financial Imperialism.

· For countries struggling under the weight of deliberately unsustainable external debt, a decentralized financial system, such as BloomBeans, may prove to be beneficial. In many cases, this form of debt is established by global financial institutions such as the International Monetary Fund and the World Bank, which enslave populations by mandating continuous taxes in order to repay the debt.

· Additionally, these countries are frequently subject to financial dominance from external sources, which is characterized by unfavorable economic policies, corruption among officials, and oppressive laws

· BloomBeans is designed to restore sovereignty on every level, from the individual to society as a whole. The more decentralized an economic system is, the more robust it becomes against various forms of attack.

🔴Economic Ecology.

· The concept of economic ecology refers to the concept of self-sustainability in the economy. The goal is to create a financial framework that will enable social infrastructure and services to continue to function.

· Providing public services with economic independence eliminates the need to continually tax citizens in order to extract wealth from them.

· By implementing BloomBeans Income Streams, government bodies are able to ensure passive income and autonomy, as well as enhance self-reliance and efficiency.

For detailed information about our Institutional CFA products, click on the link below

• https://www.bloombeans.io/system#products
• https://www.bloombeans.io/system#how-the-system-works

Currently, decentralized blockchain products address only the parts of the economy that can be fully digitized.

They do not encompass goods and services that are physically based and require a central authority to verify ownership and validity, such as mortgages, which are financial products that are tied to real assets.

Nonetheless, BloomBeans’ financial products can be utilized by both private and public institutions as well as by individuals.

In the following section, we examine Bloombeans’ individual use cases.

Individuals may choose from the following products offered by Bloombeans

🟡Savings account Decentralized versions of the traditional Bank Certificate of Deposit.

· There are 2 products to in this category, the savings account and locked savings account.

🟣Income streams.

· Similar to a rent or a passive income product, there are 2 types of Income Stream CFAs: Linear income stream and growing income stream.

· BloomBeans Income streams products work as extra income and are an excellent way to get extra pay. Eventually, you can build enough cash flow to allow yourself the freedom to devote your time to your passions and personal endeavors.

🟠Pensions.

· Bloombeans offers linear pensions and growing pensions

· BloomBeans Pensions offer a maximum capital growth period of 20 years, deliberately set short because the higher-than-average profits enable earlier retirement. Following this, the product provides up to 50 years of income.

🟢Insurances.

· BloomBeans Insurance is designed to provide protection against unexpected happenings.

· It offers comprehensive coverage, ensuring protection against all events. This is a stark contrast to many traditional insurance policies, which often exclude common occurrences.

· BloomBeans Insurance guarantees straightforward payment, as there are no corporate interests at play to delay or deny claims, no paperwork and no hassle. Another key benefit is its operation without the overhead of corporate running costs, making it more efficient and cost-effective.

· It can be sold or inherited, offering protection for future generations. Their are 5 different time spans to choose from ranging from 3 months up to 10 years.

🔵Interest-free loans.

· In the BloomBeans System, loans are completely interest-free. You will only repay the borrowed amount. Additionally, you can repay the loan at any time without any time constraints or additional expenses.

· Imagine being able to loan money to yourself. You can use your home as collateral, receive the loan and still retain your mortgage allowing you to trade it in the market if necessary.

· That’s what is possible to do with System Loans using any BloomBeans financial products as collateral: Pension, Insurance, Savings Accounts or Income Streams. This process is hassle-free, requires no paperwork, and spares you the discomfort of dealing with a bank manager. It’s a low-risk option that doesn’t rely on any financial institution.

For detailed information about our individual CFA products, click on the link below

• https://www.bloombeans.io/system#use-cases
• https://www.bloombeans.io/system#products

CFAs are a pioneering class of digital assets, merging the digital ownership features of non-fungible tokens (NFTs) with the wealth management capabilities of financial instruments.

These instruments are similar to bonds or shares, they can be exchanged, used as collateral for a loan or simply used to obtain profits, just like any other financial product.

Product Families

On the introductory version of the BloomBeans Financial System, we offer 12 CFA products across 5 product families, all built upon the principle of Interest: Pensions, Income Streams, Savings Accounts, Insurance and Loans

1. Savings Account: Interest-compounding

2. Locked Savings Account: Interest-compounding

3. Linear Income Stream: Interest-awarding

4. Growing Income Stream: Interest-awarding ladder

5. Linear Pension: Interest-compounding + interest-awarding

6. Growing Pension: Interest-compounding + interest-awarding ladder

7. Insurance 10y : Full access, 3 interest-compounding steps

8. Insurance 5y : Full access, 6 interest-compounding steps

9. Insurance 2y : Full access, 15 interest-compounding steps

10. Insurance 1y : Full access, 30 interest-compounding steps

11. Insurance 3m : Full access, 120 interest-compounding steps

12. Loan: Halts interest

CFA customization

CFAs can be personalized by modifying different properties such as the Product Type, Principal invested, Product Life Period, Payment Period, Amount of CFAs, and more.

Minting

Once the product properties and the amount of Principal BEAN to be invested are defined, the user can press the MINT button. This action prompts the connected crypto wallet to appear, allowing the user to confirm the transaction. Upon confirmation, the CFA is created.

Pool

Upon minting a CFA, the BEAN invested is blocked and all coins due as payment are created and placed in the Pool. These coins are released to the CFA holder when the time is due. This method ensures every CFA will always be able to pay its scheduled amount of BEAN.

Total Amount of Coins

It comprises every BEAN in the pool, along with all BEAN held by users and available on the market. The system keeps complete acountancy of the coins created and sets the Interest Rate, reducing it by 0,1 every time a new milestone in the Total Amount of BEAN is reached (see Monetary Policy Table).

Withdrawing Profits

The characteristics and evolution of every CFA product can be visualized in the BloomBeans financial garden. Upon maturing, users can proceed to mint profits. All profits are paid In BEAN currency

BloomBeans Financial System Release in 2024

January: The BloomBeans Financial System is established on January 18, 2024.

April: The BLOOM token is released to initiate public awareness and establish a market presence.

December: BloomBeans Financial System release. The release of the BEAN currency will enable full usage of CFAs. The release date may change as the entire project’s code must be completed, audited, and locked before its public release.

Links of interest:

• https://www.bloombeans.io/system#product
• https://www.bloombeans.io/system#value-proposition