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Debentures

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Debentures

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What is a Debenture?

A Debenture is an unsecured loan certificate issued by a company. In this instance issued to fund a specific project. It is similar to a bond.
What is a minimum amount that can be transferred for the first Debenture?

Debentures are made up of Debenture Units. Debenture Units for a Crypto Debenture are 0.01 BTC Debenture Units for a Fiat Debenture are 100 Euros (paid in BTC) When you apply for your First Debentur...
Can you add additional Debentures?

Yes. After successfully applying for your first Debentures you can apply for additional Debentures at any time. The minimum number of Debenture Units for future Debentures is ONE unit.
What is the commitment period for the Bitcoin sent for a Debenture?

The BTC transferred for a Debenture is committed for 12 months. At the end of 12 months the Debenture expires and assuming there is NO losses at the end of the 12 month period the total BTC sent origi...
How do you access your Debenture Certificate?

Debenture Certificates will be in the form of a downloadable PDF accessible by going to Debentures > Applications and clicking on the "Download PDF" link next to each Debenture listed.
How long after applying for a Debenture does it start paying interest?

Debenture application must be successfully applied for by the 15th of the month in order for Interest to be allocated for the next month’s trading and interest to be applied the following month after ...
How often is the interest paid?

Interest is paid monthly typically at Midnight GMT(-4) on the 5th of the month.
Why is interest paid monthly and not daily or weekly?

The revenue generation for Debentures primarily come from trading Forex and Cryptocurrency using a range of different traders and trading styles. Some traders trade daily while others may only trade a...
How much interest is paid for each Debenture?

Monthly Interest is 6.5%.
Where is the interest paid to?

Interest payments are paid to your Interest Wallet in your Back Office
Do I need to have KYC / KYB completed to receive Interest from Debentures?

Yes. KYC / KYB must be successfully completed before the Interest is available for withdrawal or Compounding or transfer to another wallet? Until the KYC / KYB is completed the Interest will be displa...
How do you withdraw your interest?

You can withdraw the Interest from your Interest Wallet to an external wallet by going to Wallet > Withdraw. You need to have set up a Withdrawal Profile which includes the address of the External ...
Are there any management or maintenance fees deducted from the Interest earned from Debentures?

No.
Is there a processing fee added when transferring funds for a Debenture?

You are responsible for any fees charged by the exchange, wallet or other service you are transferring the Bitcoin from. Project Lantern does not charge any fees to receive your Bitcoin.