A Micro Muni Bond is a debt security issued by a state, municipality, county, or even school district to finance local impact projects, which are any project with a social, economic, or environmental benefit to the community. They can be compared to traditional municipal bonds being made available by investors to local governments, usually around $5000 USD denominations. Agora Neos developed a platform offering micro muni bonds in denominations as little as $25 USD, and uses blockchain technology to process all the transactions safely and cost efficiently.
To purchase Micro Muni Bonds, you must first satisfy the eligibility criteria set by the municipal issuer through an automated Know Your Customer process, to verify the individual's identity and eligibility.
Through our platform's ability to address retail investors, cities will experience greater community engagement and financial inclusion from their citizens. This increased participation and transparency will lead to a greater community satisfaction in government efforts to build a better community. Cities also gain access to a funding mechanism that is not constrained by state and federal bureaucracy, which often prolongs funding and development of projects.
Any citizen that pass the eligibility requirements set forth by the city.
This is largely up to the city, but we maintain the position that Micro Bonds are best used for what we call "Impact Projects." These are any project in the local community which has a positive social, economic, or environmental impact on your community, improving the quality of life and prosperity for all.
Contact us and we can discuss a potential use case! Contact us to discuss some possible examples relevant to your city.
A Micro Muni Bond is a debt security issued by a state, municipality, county, or even school district to finance impact projects, which are any project with a social, economic, or environmental benefit to the community. They can be compared to loans being made available by investors to local governments, usually around $5000 USD denominations. Agora Neos developed a platform offering micro muni bonds in denominations as little as $25 USD, and uses blockchain technology to process all the transactions safely and cost efficiently.
Provided a city has identified a project, a micro muni bond life cycle has 3 stages: Promotion of Program, Adoption by Community, and Management of Investors. First, Agora Neos will assist you in running targeted promotions to get investors interested and focused on a project area of need in your municipality. After interest is expressed, Agora Neos assists in arrangement of the investment details and eligibility requirements, which are then announced through a platform built specifically for your municipal project. After initial interest is expressed by citizens, participants are whitelisted, which gives them eligibility to purchase Micro Muni Bonds. Finally, after purchasing, users receive regular updates on payments or principal dues through the platform. Once the date of maturity is reached, the original bond payment is repaid in full to the investor.
Our easy onboarding process allows communities to be able to express their individual interests in certain impact projects. Only those that receive enough community interest gain significant and necessary funding. This democratizes what the community members feel they need, and where their money goes!
Traditionally Muni Bonds required immense capital to participate in the market. Our Micro Bond platform distributes micro bonds in denominations as little as $25 USD, making it far more accessible to the community.
Agora Neos assists the city in running targeted multimedia advertisements to community members (Instagram, Facebook, LinkedIn, e-mail, direct-mail).
By accessing our platform, they are given access to a dashboard of services for managing their investments. Once registered in our system, they will be allowed to purchase micro bonds, as easily as online shopping.
During the program there is a full support team for cities and citizens to troubleshoot any issues.
Contact us and we will be glad to show you a demo of the platform, and discuss possible use cases.