Thank you so much for your very detailed and well-thought out answers, @qurator. Based on the answers you have provided QBonds look even more awesome than how I understood them at first. I'm in! :) Twenty QBonds, please. :))
Oh, and another follow-up question, if I may:
- if my QBonds get fully repaid (with 20% "interest") before SMTs go live on Steem blockchain, will I still have the option of converting them to Qtokens, once SMTs are launched? Even though their "value" will be zero until it happens.
You are most welcome.
If the QBonds are paid out before the SMT's then it means you will have 0 QBonds to exchange so, for now they will not hold any value once they are paid out.
I see Q-bond as a simple debt instrument that has a inherent currency swap built into. It has a potential to be very profitable for either parties if steem prices rally, but a long drawn debt instrument if the prices stay lower. Basically it is a way to raise capital to cover operational expenses during a low price environment. Both buyers and sellers will benefit from a price rally.
To a buyer it is a High-Yield Debt Instrument. Just as an example current yield on a high yield corporate bond (junk bonds) is around 5.25%. You can check an ETF which tracks that market like HYG . That instrument have inbuilt diversification; Q-bond doesn't, but the return offered is much higher. As investors are taking more risk. However, we can speculate the capital is perhaps secure. What is can not speculate is future price of steem. There lies the risk.
Nice of you to put a disclaimer.
Ah, it makes sense! Thank you!