ranchimall/bitcoinbonds.html
2021-06-15 23:27:18 +05:30

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<h2 class="h2 weight-700 margin-bottom-2r">Bitcoin Bonds</h2>
<h4 class="margin-bottom-1r">How does it work?</h4>
<p class="margin-bottom-3r">
Bondholders get a minimum guarantee of 13% interest per annum during the lock-in period or 50% of all Bitcoin price gains whichever is higher.
It offers full capital protection if Bitcoin prices fall below acquisition price.
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<p>Bitcoin bonds different series release timeline</p>
<ul id="bit_bond_series__container" class="timeline-container"></ul>
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<h4 class="feature__title">Bitcoin linked</h4>
<p class="feature__brief">Bitcoin Bonds is a Bitcoin price linked product of RanchiMall</p>
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<div class="feature feature--wide">
<div class="feature__icon">
<svg class="icon" id="a9cf0968-17a3-4e2e-8dcf-10d366d12d28" data-name="Layer 1" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"><path d="M17.28,29a16.35,16.35,0,0,1-7.63-1.64,11.32,11.32,0,0,1-4.77-4.54,13.17,13.17,0,0,1-1.63-6.61V12.88A13.3,13.3,0,0,1,4.88,6.25,11.52,11.52,0,0,1,9.6,1.67,15.9,15.9,0,0,1,17.2,0a15.94,15.94,0,0,1,7.63,1.67,11.43,11.43,0,0,1,4.71,4.55,13.5,13.5,0,0,1,1.6,6.66v3.29a13.36,13.36,0,0,1-1.6,6.61,11.33,11.33,0,0,1-4.68,4.54A16,16,0,0,1,17.28,29Zm0-8a3.94,3.94,0,0,0,3.21-1.39,5.13,5.13,0,0,0,1.16-3.4V12.88a5.31,5.31,0,0,0-1.16-3.47A4,4,0,0,0,17.2,8a3.94,3.94,0,0,0-3.27,1.41,5.35,5.35,0,0,0-1.14,3.47v3.29A5.11,5.11,0,0,0,14,19.59,4.09,4.09,0,0,0,17.28,21Zm3,37.61-6.93-3.43L43.76,6.46,50.7,9.88ZM46.89,64a16.15,16.15,0,0,1-7.64-1.67,11.75,11.75,0,0,1-4.81-4.58,13,13,0,0,1-1.67-6.58V47.91a13.19,13.19,0,0,1,1.63-6.58,11.41,11.41,0,0,1,4.77-4.58,16.11,16.11,0,0,1,7.63-1.67,16,16,0,0,1,7.6,1.65,11.39,11.39,0,0,1,4.72,4.55,13.3,13.3,0,0,1,1.63,6.63v3.26a13.5,13.5,0,0,1-1.61,6.63,11.29,11.29,0,0,1-4.68,4.55A15.87,15.87,0,0,1,46.89,64Zm0-8c1.68,0,2.81-.42,3.4-1.26a6.33,6.33,0,0,0,.88-3.61V47.91a5.31,5.31,0,0,0-1.12-3.42,3.88,3.88,0,0,0-3.25-1.41,4,4,0,0,0-3.33,1.41,5.31,5.31,0,0,0-1.12,3.42v3.26a4.93,4.93,0,0,0,1.33,3.42A4.17,4.17,0,0,0,46.89,56Z"/></svg>
</div>
<h4 class="feature__title">Guaranteed interest</h4>
<p class="feature__brief">Get a minimum guarantee of 13% interest per annum during the lock-in period or 50% of all Bitcoin price gains whichever is higher.</p>
</div>
<div class="feature">
<div class="feature__icon">
<svg class="icon" id="b08df049-bfa0-4c18-bc06-ef2129dc9a6e" data-name="Layer 1" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"><path d="M32,0,5.42,5.93v31A55.62,55.62,0,0,0,32,64,55.62,55.62,0,0,0,58.58,36.94v-31ZM42.5,24.9,30.76,36.64a2.53,2.53,0,0,1-1.77.73,2.49,2.49,0,0,1-1.76-.73L21.5,30.91A2.5,2.5,0,1,1,25,27.38L29,31.33l10-10A2.5,2.5,0,1,1,42.5,24.9Z"/></svg>
</div>
<h4 class="feature__title">Full capital protection</h4>
<p class="feature__brief"> It offers full capital protection if Bitcoin prices fall below acquisition price</p>
</div>
</section>
<h4 class="h4 margin-bottom-1r">Description of different bonds</h4>
<ol type="1" class="margin-bottom-3r">
<li>
<p>
Bitcoin Bonds is a Bitcoin price linked product of RanchiMall in which the customer will never
see value of his asset go down even if the prices of Bitcoin falls. Its been targeted to first time
Bitcoin enthusiasts who are afraid of losing money with Bitcoins. RanchiMall absorbs all the potential
losses of the customer. It also guarantees the customer a minimum rate of annual appreciation. If the
price of Bitcoin appreciates, the customer is entitled to 50% of all the gains.
</p>
</li>
<li>
<p>
RanchiMall has released two types of Bitcoin Bonds as per the price of Bitcoin as on issue date. In the
first type, the customer is guaranteed first 12% per gains per annum for 3 years, and 50% of all gains
there after. Customer must hold the bond for 3 years since bond issue date. In second type, the
customer is guaranteed 13% per annum for 5 years, and the customer is entitled to 50% of all gains.
Customer must hold the bond for at least 3 years since date of issue.
</p>
</li>
<li>
<p>
Example of Type 1 Bitcoin Bond is Bitcoin Bonds USD 975 Series issued on 2nd February 2017.
Customer funds are invested at Bitcoin prices of 975 USD as on 2nd February 2017. If the prices of
Bitcoins fall below 975 USD, the customer bond value will continue to be 975 USD, and will get an
increment of 12% per annum. If the prices of Bitcoin go beyond 975 USD, the customer will getat
least 12% per annum, and 50% of all price gains beyond it. The customer must hold thebond for 3
years.
</p>
</li>
<li>
<p>
Example of Type 2 Bitcoin Bond is Bitcoin Bonds USD 1205 Series issued on 2nd March 2017.
Customer funds are invested at Bitcoin prices of 1205 USD as on 2nd March 2017. If the prices of
Bitcoins fall below 1205 USD, the customer bond value will continue to be 1205 USD will full loss
protection, and will get an increment of 13% per annum for 5 years on top. If the price gains is more
than 13% in any year for first 5 years, the customer will be entitled to 50% of the gains. The customer
must hold the bond for 3 years.
</p>
</li>
<li>
<p>
Bond 1 Bondholders entitlement for Bitcoin Bonds ($975, $1057 and $1064 series) - Bondholders have a
3 year lock-in period. In the lockin period they are guaranteed 12 percent per annum. If the price
appreciates more than 12 percent, they will be paid 50 percent of additional return over and above
12 percent. After 3 years, bondholders can cash out anytime they like. Bond 2 Bondholder entitlement
($1205 series)Bondholders are entitled to 50% of Bitcoin and Bitcoin Cash price gains at all times with
a minimum guarantee of 13 percent per annum for 5 years from date of issue. There is a 3 year lockin
period. After 3 years, bondholders can cash out anytime they like.
</p>
</li>
<li>
<p>
Bond 3 Bondholders Entitlement ($1285 series) - Bondholders are entitled to 50% of Bitcoinand Bitcoin
Cash price gains at all times with a minimum guarantee of 13 percent per annum for 5 years from
date of issue. There is a 3 year lockin period. After 3 years, bondholders can cash out anytime they
like.Bond 4Bondholder Entitlement ($2513 series)Bondholders are entitled to 50% of Bitcoin and
Bitcoin Cash price gains at all times with a minimum guarantee of 13 percent per annum for 5 years
from date of issue. There is a 3 year lockin period. After 3 years, bondholders can cash out anytime
they like.
</p>
</li>
</ol>
<h4 class="h4 margin-bottom-1r section-header">Risk Management</h4>
<p class="margin-bottom-3r">
This is a high risk product for RanchiMall. We guarantee protection from losses
and a minimum rate of return.To control our risks, we limit the total aggregate amount of guarantee
we give to a comfortable level. We also limit maximum amount of Bitcoin Bonds aperson can buy so
that we do not have sudden redemption pressure.RanchiMall needs to have long term confidence
in asset price growth, which we do have for Bitcoin scurrently. We cannot offer these guarantees on
any other crypto or non-crypto asset other than Bitcoin as we cannot make definite predictions on
their long term prices.The maximum amount of aggregate guarantee amount for this product should
be lower than 20 percent of RanchiMall assets to protect against catastrophic Bitcoin price fall.
</p>
<h4 class="h4 margin-bottom-1r section-header">Founder Notes</h4>
<ol type="1">
<li>
<p>
RanchiMall Bitcoin Bonds was the first product that met our 2 fundamental criteria that we have for
RanchiMall products. First every product must beinnovative and absolutely new. Secondly it should
be created, marketedand delivered purely on Internet withoutany physical elements.
</p>
</li>
<li>
<p>
This product also reflects our philosophy that we should have impactful products,fewer number of customers, and very deep relationship with those customers.
</p>
</li>
<li>
<p>
This product is a compounding product which means both our customers and us will see higher returns as wheels of time move forward.
</p>
</li>
<li>
<p>
Since RanchiMall gets roughly 50 percent of price gains and our costs of operations are very low on
this product, RanchiMall Bitcoin Bonds has helped RanchiMall to become self sufficient without
needing large capital investment. Doing good risk management is a very important dimension here.
And that will be our challenge in the continued offerings of this product.
</p>
</li>
</ol>
</section>
<section id="purchase_room" class="grid room">
<p>
The purchase of this product is open only during specified time when we are confident we can
give guarantees. It was last open from February 2017 to June 2017.Currently we are doing blockchain
version of the product in test mode.If you are interested, please generate your FLO ID while keeping
your private key very safe.FLO ID can be generated <a href="https://ranchimall.github.io/flo-webwallet/" target="_blank">here</a> in a single click.We can message
directly on that FLO ID. Please drop your name and phone number along with FLO ID.
</p>
</section>
</section>
<footer class="room-container__footer">
<h4>Related rooms</h4>
<div id="room_switcher"></div>
</footer>
</section>
<section>
<a class="ext-link-tile" href="https://ranchimall.github.io/blockchain-bonds/" target="_blank" >
<div class="grid">
<h4 class="tile__title">See Bitcoin Bonds in action</h4>
<p class="tile__brief">Visit the website to see investors and asset performance</p>
</div>
<button class="round">Visit</button>
</a>
</section>
</main>
<script src="https://cdnjs.cloudflare.com/ajax/libs/gsap/3.6.1/gsap.min.js"></script>
<script src="https://cdn.jsdelivr.net/npm/chart.js@3.3.2/dist/chart.min.js"></script>
<script src="assets/js/components.js"></script>
<script src="assets/js/index.js"></script>
<script>
const bitBondSerieses = [
{
series: 975,
startDate: 1485993600000
},
{
series: 1057,
startDate: 1486425600000
},
{
series: 1064,
startDate: 1487289600000
},
{
series: 1205,
startDate: 1488412800000
},
{
series: 1285,
startDate: 1488585600000
},
{
series: 2513,
startDate: 1496880000000
},
]
function getCurrentRates() {
let fetchData = api => new Promise((resolve, reject) => {
fetch(api).then(response => {
if (response.ok)
response.json().then(data => resolve(data))
else
reject(response)
}).catch(error => reject(error))
})
return new Promise((resolve, reject) => {
fetchData(`https://bitpay.com/api/rates`).then(result => {
let BTC_USD, BTC_INR, USD_INR
for (let i of result)
i.code == "USD" ? BTC_USD = i.rate : i.code == "INR" ? BTC_INR = i.rate : null;
USD_INR = BTC_INR / BTC_USD;
resolve({
BTC_USD,
BTC_INR,
USD_INR
})
}).catch(error => reject(error))
})
}
let USD_current, BTC_current
getCurrentRates().then(async (rates) => {
USD_current = rates.USD_INR;
BTC_current = rates.BTC_USD;
renderAllSeries()
}).catch(error => console.error(error))
function yrDiff(d1 = null, d2 = null) {
d1 = d1 ? new Date(d1) : new Date();
d2 = d2 ? new Date(d2) : new Date();
let tmp = Math.abs(d2 - d1)
tmp = Math.floor(tmp / (1000 * 60 * 60 * 24)); // find number of days
tmp = tmp / 365
//need to implement leap yr
return tmp
}
function calcNetValue(obj) {
let {isHistorical = false, BTC_base, startDate, minIpa, maxPeriod, cut, amount, USD_base, histBtc, histUsd} = obj
let gain, interest, net;
if(isHistorical){
gain = (histBtc - BTC_base) / BTC_base;
}
else{
gain = (BTC_current - BTC_base) / BTC_base;
}
interest = Math.max(cut * gain, minIpa * Math.min(yrDiff(startDate), maxPeriod));
net = amount / USD_base;
net += net * interest;
if(isHistorical){
currentValue = net * histUsd
}
else{
currentValue = net * USD_current
}
const percentGain = ((currentValue - amount) / amount) * 100
//console.info(gain, interest, net)
return [currentValue, percentGain];
}
function renderAllSeries(){
const frag = document.createDocumentFragment()
getRef('bit_bond_series__container').innerHTML = ''
const randIndex = getRandom(0, bitBondSerieses.length - 1)
bitBondSerieses.forEach((series, index) => {
let obj = {
BTC_base: series.series,
startDate: series.startDate,
minIpa: 0.13,
maxPeriod: 5,
cut: 0.5,
amount: 100,
USD_base: 64
}
const [currentValue, percentGain] = calcNetValue(obj)
const bondObj = {
series: series.series,
percentGain,
timeElapsed: new Date().getFullYear() - new Date(series.startDate).getFullYear(),
currentValue,
percentGain: percentGain.toFixed(0)
}
const timelineItem = create('li', {className: 'timeline-item'})
const tilelineItemHeader = create('header', {
className: 'timeline-item__header',
text: getFormatedTime(series.startDate, true)
})
if(randIndex === index){
renderGraph(obj)
getRef('performance_preview').append(render.bitBondRow(bondObj))
}
timelineItem.append(tilelineItemHeader, render.bitBondRow(bondObj))
frag.append(timelineItem)
})
getRef('bit_bond_series__container').append(frag)
}
async function getPrices() {
return [btcPrices, inrPrices] = await Promise.all([
fetch('https://www.alphavantage.co/query?function=DIGITAL_CURRENCY_MONTHLY&symbol=BTC&market=USD&apikey=DDN5S53DXQ4QH4V4').then(res => res.json()),
fetch('https://www.alphavantage.co/query?function=FX_MONTHLY&from_symbol=USD&to_symbol=INR&apikey=DDN5S53DXQ4QH4V4').then(res => res.json()),
])
}
let dates = []
let historicalData = []
let tableOfData = []
async function getData(obj) {
let [btcPrices, inrPrices] = await getPrices()
btcPrices = btcPrices['Time Series (Digital Currency Monthly)']
inrPrices = inrPrices['Time Series FX (Monthly)']
let allBtcPrices = []
let counter = 0
for (let dataPoint in btcPrices) {
if (counter < 12) {
let BTC_base = btcPrices[dataPoint]['1a. open (USD)']
allBtcPrices.push(BTC_base)
dates.push(dataPoint.split('-').reverse().join('/'))
counter++
}
else {
break
}
}
let index = 0
for (let dataPoint in inrPrices) {
if (allBtcPrices[index]) {
let histBtc = parseFloat(allBtcPrices[index])
let histUsd = parseFloat(inrPrices[dataPoint]['1. open'])
obj.isHistorical = true
let [currentValue, gain] = calcNetValue({...obj, histBtc, histUsd})
// console.log(currentValue)
historicalData.push(currentValue)
index++
}
else {
break
}
}
}
let ctx = getRef('performance_graph').getContext('2d');
let gradientFill
let lineColor
function selectGraphColors(){
gradientFill = ctx.createLinearGradient(200, 0, 200, 400);
let cssTextColor = getComputedStyle(document.body).getPropertyValue('--text-color')
gradientFill.addColorStop(0, `rgba(${cssTextColor}, 0.2)`);
gradientFill.addColorStop(1, "transparent");
lineColor = ctx.createLinearGradient(500, 0, 100, 0)
lineColor.addColorStop(0, "#80b6f4");
lineColor.addColorStop(1, "#f49080");
// lineColor = getComputedStyle(document.body).getPropertyValue('--secondary-text-color');
textColor = `rgba(${cssTextColor}, 0.8)`
}
selectGraphColors()
let myChart
async function renderGraph(obj) {
await getData(obj)
myChart = new Chart(ctx, {
type: 'line',
data: {
labels: dates.reverse(),
datasets: [{
label: `$${obj.BTC_base} series performace($)`,
data: historicalData.reverse(),
borderColor: lineColor,
fill: true,
backgroundColor: gradientFill,
pointBackgroundColor: 'white',
pointRadius: 4,
pointHoverRadius: 6,
pointHoverBorderWidth: 4,
borderWidth: 4,
tension: 0.3,
color: textColor
}]
},
options: {
responsive: true,
scales: {
y: {
ticks: {
color: textColor
},
// display: false,
beginAtZero: true
},
x: {
ticks: {
color: textColor
},
// display: false,
grid: {
display: false
}
}
}
}
});
}
getRef("theme_switcher").addEventListener("change", function (e) {
selectGraphColors()
myChart.data.datasets[0].borderColor = lineColor
myChart.data.datasets[0].backgroundColor = gradientFill
myChart.options.scales.x.ticks.color = textColor;
myChart.options.scales.y.ticks.color = textColor;
myChart.update()
});
</script>
</body>
</html>