EXMO Cryptocurrency Platform to Launch Margin Loans With the Power of the Crowdsale

December 1, 2017, London, UK EXMO has announced their plan to introduce margin loans as the key feature of their platform, which will allow traders to earn more on currency fluctuations by borrowing extra funds. This will bring a whole new way of trading to over 700,000 loyal traders around the globe and numerous new ones, enabling them to trade cryptocurrencies on a bigger scale than they would be able to previously.

Under a margin loan, one borrows funds from a broker to buy or sell stock. EXMO will offer 1:2 leverages for a margin loan on the most popular BTC, ETH, and USD order books. More options will come in the future as the demand for the service  increases.

In order to cover the traders’ demand for margin loans, as well as to enable the overall platform development, EXMO will attract additional investment capital by issuing its very own token called EXMO Coin (EXO).

At the core of the upcoming crowdsale is the principle of giving the already-profitable platform an additional boost for rapid development. Half of the funds raised through the crowdsale will be used to cover the increasing demand for margin loans, and another quarter will be put into the overall cryptocurrency exchange development.

The rest will go into establishing the margin loan insurance fund, acquiring the necessary licensing for simplifying the fiat money transactions, and covering marketing expenses.

Ivan Petukhovsky, EXMO co-founder, explains:

“We at EXMO believe that cryptocurrency trading must offer the same variety of investment tools as ordinary trading. We look to the future and would like to foster this development through bringing the virtual and real economies closer, and giving more people opportunities to invest and earn with just a click. Issuing the EXMO Coin will enable us to satisfy the demand of hundreds of thousands of traders, and develop an even more resilient, reliable, and truly global exсhange platform.”

Token holders will receive 50% of the revenue derived from margin loans distributed among them in the form of dividends on a monthly basis.

Following the sale, the EXMO Coin will be traded on the EXMO Exchange in pairs, such as EXO/BTC and EXO/ETH, and later on with other currencies and altcoins, thus constituting another lucrative asset for its holder.

On top of that, EXMO announced its guaranteed token buyout, outlining the corresponding conditions and dates in their White Paper.

About EXMO

The EXMO Exchange was founded in 2013, and has showcased steady performance ever since. In fact, it saw a trading volume of $192 mln back in 2014, growing to $1.8 bln in 2017, and 591,000 deals in 2014 reaching 24 mln in 2017. Thus, the trading volume and the number of deals made through the platform grew by 9 and 40 times respectively in the course of 3.5 years. The client base swelled by 188% in 2017. This tends to be an essential dynamic to consider, as the value of EXMO Coin will correlate with EXMO’s overall performance, as well as exchange rates of other currencies on the platform.

EXMO will launch their token currency on February 26, 2018, and all the interested users will immediately be able to purchase EXMO Coin tokens. The crowdsale will last until March 26, 2018.

Additional crowdsale info: https://crowdsale.exmo.com/
Website: https://exmo.com/
Facebook: https://www.facebook.com/exmo.market
Twitter: https://twitter.com/Exmo_com
Telegram: https://t.me/exmocoin
Blog: https://medium.com/@exmocoin

Media Contact
Contact Name: Sofiia Neduzhko
Email: crowdsale@exmo.com

EXMO is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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Bankera ICO is Now Live: Be Part of the Banking Revolution

November 30, 2017, Vilnius, Lithuania — In September, Bankera (https://bankera.com/) completed one of the biggest pre-ICO sales to date after raising 25 million Euros and gathering more than 16,000 contributors. Now, after much anticipation, its’ ICO sale officially opened to the public on November 27th.

Bankera is building a revolutionary bank for the blockchain era, which will eventually become a one-stop store for all financial services. It is an operational fork of SpectroCoin (https://spectrocoin.com), a cryptocurrency solution service with an existing base of 490,000 clients and more than 64,000 cards issued.. Since it has already developed a core infrastructure equivalent to traditional banks, a natural extension of the company is to leverage its’ existing technology to build Bankera.

Bankera’s Updates

Bankera has built a team of over 50 talented professionals with expertise in diverse fields. Audrius Ziugzda, an expert banker, is the latest addition to company’s advisory board. He brings with him over 20 years of experience in the banking sector, mainly in the M&A, banking operations and strategic fields. He joins names such as Lon Wong, president of the NEM.io foundation, Antanas Guoga, a member of the European Parliament, and Eva Kaili, also a member of the European Parliament.

Bankera’s Services

In order to operate in a spectrum of different fiat currencies and to facilitate cross-border transactions, Bankera will seek banking licenses in several key jurisdictions. This will help to lower the number of counterparties, resulting in reduced costs for the end consumer.

It will also offer core banking services, such as savings and loans accounts, as well as low-cost investment products, such as exchange-traded funds (ETFs) and crypto funds. Through Bankera’s MVP, SpectroCoin, contributors and clients can already use its services including fiat and cryptocurrency wallets, exchange and payment processing services. They can also order cryptocurrency debit cards, which can be linked to Bitcoin, DASH, Ethereum, or NEM wallets.

Bankera’s business development strategy, led by Craig Grant, who formerly worked at the Paysafe Group and Currencycloud, continues to deliver innovative and unique results. Most recently, the team released the demo version of Bankera’s exchange platform and the ability for its users to claim International bank account numbers (IBAN).

Bankera’s Own Exchange Platform

As the world of blockchain technology continues to grow and diversify, Bankera realised that was a demand for a viable product that would address the needs of all of its users. SpectroCoin’s #1 focus has been on giving its users a platform to purchase, sell and trade Cryptocurrency, which has therefore led to a solution tailored for that in regards of user experience, interface and cost structure. As trading becomes more widespread, Bankera continues to adapt to the always-changing market. As such, they have developed an in house, cost-effective exchange platform that will give its users the ability to trade at a most lower cost.

Bankera’s exchange will support most cryptocurrencies, such as Bitcoin, DASH, Ethereum, NEM, Litecoin to name but a few as well as ERC20 and NEM mosaic tokens. The company will be working closely with ICO contributors and cryptocurrency users throughout the project development, since it aims to develop a product that fits the needs of the community.

How To Buy Tokens

On November 27th Bankera has launched its main ICO sale which together with pre-ICO has already raised over 30 million euros with over 23,000 investors and counting. During the ICO, 30% of the tokens are available for sale to the public at the price of 0.017 EUR on SpectroCoin platform. ICO contributors can choose from more than 20 payment methods when to purchase their BNK tokens. These include a variety of cryptocurrencies, such as ETH, BTC, DASH and XEM, and fiat currencies like EUR, GBP, and USD.

Throughoutthe ICO, Bankera will continue to offer a weekly net transactional revenue share for all token holders. After the ICO, the company aims to obtain a banking license and transition to a fully operational banking service for both, fiat and cryptocurrencies.

Website: https://bankera.com/
White paper: https://bankera.com/Bankera_whitepaper.pdf
BitcoinTalk: https://bitcointalk.org/index.php?topic=2091093.0
YouTube: https://www.youtube.com/channel/UC3lEI3rq1W4fPFYPu9ZezFg
Facebook: https://www.facebook.com/bankeracom/

Media Contact
Contact Name: Ruta Cizinauskaite
Contact Email: ruta@bankera.com

Bankera is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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Market Snapshot: Dow poised to approach 24,000, as techs rev up for a rebound, oil climbs

Tech stocks look ready to crawl back from prior day’s slumpThe Dow Jones Industrial Average was poised to open at record levels on Thursday, inching closer to 24,000 as investors grew more optimistic about the prospects for a tax overhaul out of Washington.
Source: Marketwatch Bitcoin News
Link: Market Snapshot: Dow poised to approach 24,000, as techs rev up for a rebound, oil climbs

ARK Becomes France’s First Cryptocurrency SCIC

November 29, 2017, Lons-Le-Saunier, France — ARK Ecosystem is now incorporated in France as a cooperative society (SCIC), registered under n° 833 439 300, with a structure matching our open source blockchain organization. It is the first of its kind in the crypto world, and one of the first blockchain projects to incorporate in the European Union.

SCIC is the French acronym for “General Interest Co-operatives”. It is a new private, common interest co-operative which allows anyone — employees, users, volunteers, public bodies, companies, associations —to act together in a legal framework to govern an entity.

All SCIC members are shareholders and will belong to of one of the statutory categories : Founders, Advisers, or Employees.

The vote principle is : 1 shareholder = 1 vote.

The ARK crew, being initial share holders, will choose the Executive Board of the legal entity, which permits ARK to continue the current board structure.

A long process

ARK decided on the SCIC after working with their legal team and evaluating different options for creating a legal entity. After deciding that incorporating through the Swiss Foundation — a popular option for blockchain projects — was not the best choice for ARK, the team turned to France.

There, they found the SCIC incorporation process. According to the team, that option had almost everything they had been looking for in terms of incorporation.

As a SCIC, ARK will be able to structure corporate governance based on a board of directors and input from the ARK community. Additionally, SCIC incorporation allows ARK to establish a well-defined structure without legal ambiguities related to capital gains and taxation.

Through its SCIC status, the ARK board of directors — except for founders and employees — can name additional shareholders. These new shareholders can also be appointed to the supervisory board, as provided for in the charter. The charter may be amended as often as necessary.

In French Law, the SCIC format also allows public institutions to become shareholders if seen fit by the board.

As a common interest benefit company, an SCIC must keep at least 52.5% of the company’s profits as legal reserves. In the case of Ark, there is no plan to do any distribution of profits to shareholders. Therefore, it will hold 100% of any profits for use in development, marketing, and operations.

An exciting road ahead

This establishment of ARK’s SCIC in France is not only the first of its kind, but it will also bolster the credibility of cryptocurrency in France, the European Union, and the rest of the world.

The prospect of ARK and its SCIC formation has attracted the interest and enthusiasm of some regulatory institutions. During this process, ARK was invited by the Autorité des Marchés Financiers (AMF) —the French regulatory body for financial markets — and the Banque de France (National Bank of France) to present the ARK Project and explain the conditions of the ARK TEC. The discussion was in-depth and encouraging. Conversing with the AMF on how to best comply with French laws resulted in a positive two way conversation with the French government.

The team at ARK is proud to play a part in France becoming a crypto-friendly environment, and proud to be the leaders in this huge step forward in cryptocurrency adoption. And now that the SCIC is finalized, the team will be able to expand and advanced the ARK blockchain technology, which will provide more opportunities for all.

 Website: http://ark.io/
Blog: https://blog.ark.io
Team: https://ark.io/team

Media Contact
Contact Name: Travis Walker
Email: pr@ark.io

Galaxy eSolutions is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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Need to Know: Brace for more tech pain — and more cheer for the stock market’s sad sacks

Critical information for the U.S. trading dayWe’re oh so close to December and — right on cue — hearing chatter about locking in profits on 2017’s big winners, while giving the losers another chance. The bull market may be starting “a sub-surface rotation,” says our call of the day.
Source: Marketwatch Bitcoin News
Link: Need to Know: Brace for more tech pain — and more cheer for the stock market’s sad sacks

The Tell: Bitcoin is definitely doomed, if you believe the German media

German news outlets are painting the crypto rally as a sign of its eventual demiseAs Bitcoin topped the $11,000 mark and Nasdaq and CME announced the advent of Bitcoin futures, the excitement about cryptocurrencies appears to know no bounds. In Germany, however, local news are calling for caution.
Source: Marketwatch Bitcoin News
Link: The Tell: Bitcoin is definitely doomed, if you believe the German media