Hello, I would like to mention that you have a very impressive project and a strong team. Everything is very transparent and understandable. I wish you all the success of your friends

Bailsman’s tokens are called BAILS tokens. They are EIP-20 standard-based utility tokens that can be used inside the Bailsman platform:
- As a means of payment for guarantee holding fees with a 5% discount off the service fee. The Bailsman platform will offer two payment options: fiat and BAILS tokens. Paying with BAILS token is 5% lower than paying with fiat.
- As a means of payment for guarantee collateral with a 50% discount off the service fee. This right will be available only if a setted milestone is reached.
- As a means of payment for other services to be provided inside Bailsman’s platform.

Know more: https://medium.com/@bailsmanco/bailsman-token-sale-goes-live-on-may-16th-f21d228ab8d6

Bailsman’s guarantee process connects merchants to clients, and to financial institutions or telecom companies. Blockchain is an integral part of this process. https://ico.bailsman.co/Whitepaper.pdf

EIP stands for Ethereum Improvement Proposal. An EIP is a design document providing information to the Ethereum community, or describing a new feature for Ethereum or its processes or environment. The EIP should provide a concise technical specification of the feature and a rationale for the feature. The EIP author is responsible for building consensus within the community and documenting dissenting opinions.

ERC - application-level standards and conventions, including contract standards such as token standards (ERC20), name registries (ERC26, ERC137), URI schemes (ERC67), library/package formats (EIP82), and wallet formats (EIP75, EIP85).

https://i.imgur.com/wD1pEfv.jpg

Renting an office with a security deposit replaced by Bailsman's guarantee offers more options for companies:

- For a mature company with an approved credit score, Bailsman lowers the initial costs, freeing funds to set up the office space as they wish.

- Start-ups and young companies with insufficient credit history will benefit from Bailsman’s services because they will be able to invite co-applicants and share costs.

Both individuals and companies are suitable as co-applicants.

See more on the website: https://ico.bailsman.co

Thank you!

The solution presented by Bailsman is multi-purpose, as it can be implemented in every business sector where security deposits and guarantees are needed. Initially, Bailsman has set its business in four sectors: residential and commercial real estate rental, accommodation, and car rental. The growth opportunities for Bailsman are huge, as global security deposit funds across these sectors are estimated to be more than $1.5 trillion.

Know more about Bailsman's opportunities for growth https://medium.com/@bailsmanco/bailsmans-solution-for-various-business-sectors-c443b45d0ca5

It is actually more personal-oriented than business-oriented.

At this point, there are two already developed ways of omitting security deposits suitable for personal use:

1. Guarantee instead of one at the moment your rent real estate (i.e. no need to pay 2-5 months worth of money during contract signing as a deposit)
2. Guarantee instead of deposits during car rental: most major companies hold a large down payment on your card which makes a lot of money practically useless, which is twice senseless hence in most cases car rentals are usually used by business or leisure travel and both those masses would better get some use for their money instead of just having them somewhere inaccessible.

So you mean for instance if I move to the UK (I guess you know their thingy about security deposits), I just pre-approve myself (my banking history whatsoever), you provide a guarantee for me, I don't ay the deposit and only pay way smaller monthly fee?