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Mushe Token (XMU) Blazing Through Second Presale Phase as The Future for Cosmos (ATOM) and Polygon (MATIC) Remain Uncertain

In the crypto industry, new tokens emerge daily with exceptional characteristics and incredible potential. Therefore, all prospective coins must keep up with market advancement and dynamics.

The world of crypto coins has evolved, and there is now a range of options for putting your hard-earned money to work in the hopes that you will acquire high-end returns. The potential for gains is higher than ever because most good projects are increasing in value.

With the recent arrival of Mushe Token (XMU), we could potentially witness another cryptocurrency emerge from the bottom and become a complete success.

What does Mushe Token (XMU) have in store for us?

The Ethereum blockchain is where Mushe Token (XMU) is currently being built. XMU plans to migrate to the Stellar open network, a proven blockchain known for low transaction costs and financial inclusion for the underbanked population. Stellar’s network consists of money service providers, financial institutions, and Fintech firms that offer valuable on-and off-ramping services. MusheVerse will be a part of the fastest-growing ecosystem for NFTs, P2E gaming, and other services. Solana is a decentralized blockchain designed for the scalability of user-friendly applications.

Mushe Token (XMU) is creating a metaverse where users can quickly exchange tokens, freely communicate, and enjoy top-rated DeFi and gaming services to earn without restrictions. The MusheVerse will be a virtual world where users will be able to use all Mushe products at the same time.

There are plans to create Mushe Chat, a secure platform for XMU holders to interact. End-to-end encryption will be supported on this social platform, giving users complete control over their data. Messages can be sent from one user to another. You’ll be able to communicate with your family, friends, colleagues, and others without worrying about anyone listening in. Each account will be linked to Mushe wallets, giving users access to a variety of features. For more about Mushe, please refer to the link here.

Cosmos (ATOM) is still falling behind

Cosmos (ATOM) is a decentralized network that offers open-source tools for programmers to build their interoperable blockchains. One of the biggest problems with blockchains is that blockchains are developed independently and that only a small number of them can exchange data with one another.

Cosmos (ATOM) aims to turn into the “internet for blockchains,” enabling currencies and data to be shared between any two blockchains that are a part of the Cosmos ecosystem.

The price of ATOM over the last month has taken a drop by 42.44% and 21.81% in the previous seven days. Cosmos (ATOM) is a coin that has every potential to fall back on track. However, we can only identify its true potential through time.

Polygon (MATIC) continues to battle declines

Polygon (MATIC) is a layer two platform that launched in 2017. The Polygon Network, formerly known as the Matic Network, allows developers to design and deploy their Ethereum-compatible blockchains with a single click, allowing other Ethereum-based projects to transfer data and tokens using the MATIC sidechain.

This year, the price of Polygon’s token, MATIC, has soared. The market price of Polygon (MATIC) has dropped by 33.89% in the last seven days. MATIC has a circulating supply of 8,006,803,852 coins, and is currently ranked 19th on CoinCheckup.

Discover more on Mushe Token (XMU) below:

Join Presale: https://portal.mushe.world/sign-up

Website: https://mushe.world

Telegram: https://t.me/musheworldXMU

News on Cosmos (ATOM):

Website: https://cosmos.network

Telegram: https://t.me/cosmosproject

Discord: https://discord.com/invite/cosmosnetwork

July 3, 2022
Crypto Giants Recover and Crypto Newcomers Gain Popularity

Crypto giants like Solana (SOL) and Binance Coin (BNB) are on the road to recovery. Both have produced impressive numbers this past week, leading many people to add them to their portfolios. Their desirability has become the driving force behind their success as they continue to dominate the crypto space. Mehracki (MKI) has gained immense traction since its presale launch in May. The meme token has risen in value by 51% going from 0.000056 to 0.0000953 at the time of writing. If MKI can achieve this in one month, think of what it will achieve by its August launch.

Is Mehracki (MKI) the next big thing?

The Greek verb Meraki describes putting one’s soul, creativity, and love into something. It is precisely what Mehracki (MKI) has done with its innovative meme token. They have designed an ecosystem that benefits both the active community and the development team with their services.

Staking is a vital part of the Mehracki (MKI) ecosystem. It increases the security and stability of the network while producing rewards for its users. Mehracki is built on the Solana (SOL) blockchain, meaning its users can take advantage of its rapid transaction speeds.

Mehracki (MKI) looks to break the trend of a real-life application being neglected by meme tokens. Thanks to multiple partnerships with DeFi-capable NFTs and hospitality outlets, users have control over their assets and do not have to worry about foreign exchange.

Solana (SOL) has lightning-fast transaction speed!

Solana (SOL) was built in 2017 and the main network launched in 2020. Its main aim was to outperform other blockchains and solve the trilemma associated with blockchains; decentralisation, scalability, and security.

Due to Ethereum’s (ETH) immense popularity, it often experiences sluggish performances, leaving many token holders to find an alternative. That said, Solana (SOL) can perform over 50,000 transactions per second because of its unique Proof-of-History consensus mechanism.

Solana (SOL), like every other crypto giant, was affected by the crypto collapse. However, the recovery in the platform has been consistent over the past 7 days as it saw a 4.41% increase at the time of writing. This trend may continue with Solana’s high utility being the driving force behind it.

Positive trend for Binance Coin (BNB)

Binance Coin (BNB) is a crypto giant that is used for loans and transfers, entertainment like virtual gifts and lottery tickets, booking travel arrangements, and credit card payments. The multitude of uses for BNB is what makes it so popular among crypto enthusiasts.

Binance Coin (BNB) wants its users to feel safe buying BNB. It achieves this by consistently performing quarterly burns. The burn makes sure the coin remains finite, making it more valuable and scarce.

Five-time Ballon D’or winner, Cristiano Ronaldo, recently announced a multi-year NFT partnership with Binance Coin (BNB). A series of NFTs will be released exclusively on the Binance coin NFT platform. He was quoted saying, “the fans are going to enjoy the collection”. It will increase the popularity of Binance Coin exponentially.

To summarise

Solana (SOL) and Binance Coin (BNB) are undoubtedly crypto giants. They dropped in value during the crypto collapse but have recovered immensely since. This trend may continue as both platforms announce new partnerships and significant advancements in their technology. Mehracki (MKI) has gained a lot of popularity since the start of its presale. The meme token has already increased in value by 51%. It will be exciting to see what the future holds for Mehracki. Will you be a part of it?

For more information, please visit the following websites:

Presale: https://buy.mehracki.io/register

Website: http://mehracki.io

Telegram: https://t.me/Mehracki_Official

Twitter: https://twitter.com/MehrackiToken

July 3, 2022
4 Coins That Defeat the Crypto Winter

With assets like Bitcoin (BTC) currently trading at a 72% loss from its All-Time High (ATH) price of $68,770, many investors are now considering which digital currencies to acquire that have the biggest potential of surviving the current ‘Crypto Winter’.

This article takes a look at four such assets, including Flow (FLOW), ApeCoin (APE), Choise.com (CHO), and Fantom (FTM) which stand a big chance of surviving the current harsh economic conditions in the crypto ecosystem. These coins were picked based on our study of different market niches featuring gaming, NFTs, and DeFi respectively.

Flow (FLOW)

Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. Powered by the FLOW coin, Flow comes off as one of the pioneers in the blockchain gaming ecosystem, and one whose future plans will help amplify the opportunities the space has to offer.

While the coin is trading at a price of $1.59, up 2% in the past 24 hours, showcasing its resilience against the general market meltdown of the past few days. Riding on its unique gaming smart contract infrastructure and the success of Dapper Labs, FLOW has a good chance of charting more promising growth trends post-crypto winter.

Buy/Sell FLOW

ApeCoin (APE)

ApeCoin is a Non-Fungible Token (NFT) based coin that is native to Yuga Labs’ Bored Ape Yacht Club (BAYC) ecosystem. The coin was launched earlier this year and it is aimed at powering the Otherside metaverse world that Yuga Labs is trying to build.

While the coin was airdropped to Bored Ape holders as one of the most lucrative airdrops in crypto history, the accompanying massive selloffs pushed the token down from its ATH price of $27.31 to its current price of $4.54, an 83% change.

Massive as this plunge may seem, due to its fundamentals and massive community behind it, the token has a high tendency of retracing its positive growth trend, as indicated by the recovery it showed over the past week. It is a coin with the potential to pare its losses and retest the $27 resistance in the next few months.

Buy/Sell APE

Choise.com (CHO)

Choise.com is a MetaFi platform, called after a combination of CeFi and DeFi, that seeks to simplify decentralized finance offerings with a mix of centralized finance capabilities or advantages under one system. Choise.com is based on the DeFi platform Charism, which includes a suite of products: a non-custodial wallet, cross-chain bridges, NFTs, transaction builder, decentralized derivatives, and other solutions.

Choise.com also seeks to make general crypto investments accessible to all. Its native token – CHO has grown by over 98% in the past 1 month. CHO is currently changing hands at $1.14 and is undoubtedly in a price discovery zone in which beating its previous ATH is just a matter of days.

CHO has a strong fundamental, an in-demand utility, and a dedicated community that can help sustain its potential growth into the near future.

Buy/Sell CHO

Fantom (FTM)

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm. Fantom comes off as one of the most undervalued Layer-1 smart contract platforms around today, one with the right technological capability to achieve massive sustainability in the near to long term.

Trading at a price of $0.24, the tech and uniqueness of Fantom may help it lead to a highly profitable token valuation post-crypto winter and may always be a good altcoin alternative for investors looking at the long term. As seen in the chart, the coin has maintained a good uptrend over the past week, a resilience against the negative downtrend in the market.

Buy/Sell FTM

Key Takeaways

The digital currency ecosystem may be showing signs of intermittent price growth, but this does not discount the fact that the market is unstable and highly volatile.

For investors who may wish to make an investment decision at this time, embracing coins/tokens with high utility, sustainable fundamentals, and strong community backing is key. All of the digital currencies profiled above have these features and more and can stand as a starting point for investors to make their research. Investors need to also understand that the inherent recovery of the broader crypto ecosystem hinges on Bitcoin (BTC), as it wields a huge dominance of 42% which influences other tokens’ reactions. As much as they need to keep an eye out for these profiled coins, closely watching the growth trend of Bitcoin is also recommended.

July 3, 2022
Fintech-Ideas brings blockchain functionality to its range of platforms
Berlin, Germany, 3rd July, 2022, Chainwire

Enterprise software developer Fintech-Ideas has integrated a suite of blockchain tools to its SaaS offerings. The provision will enable businesses to utilize powerful web3 features such as tokenization, NFTs, and distributed storage.

The integration of blockchain functionality into the company’s fintech and marketing platforms will deliver web3 services on demand. Customers will be able to gain exposure to crypto-based technologies, including blockchain, with minimal setup costs and lead time.

Flagship Fintech-Ideas products such as Pushnoti, LiberSave, and ITTechAV are relied on by millions of customers for payments and marketing. The incorporation of web3 features will further extend their functionality and unlock new revenue streams for forward-thinking businesses. Fintech-Ideas also services the media industry through a brace of products. Aussiedlerbote Zeitung offers readers a wide range of media content and TechZeitung supports the convenient and high-scale exchange of entrepreneurial skills and expertise.

Liber Save is a software-as-a-service solution for digital coupon issuers. Users can buy unlimited coupons from issuers and use them to purchase items from partner stores and marketplaces.

Pushnoti, meanwhile, helps business owners identify regular visitors for engagement purposes, and PushnotiAds is a push notification monetization platform. These, together with Fintech-Ideas products such as IT Technologie, will benefit from blockchain integration.

The cost and complexity of introducing and maintaining blockchain functionality serves as a deterrent for many companies. Fintech-Ideas’ Blockchain-as-a-Service offering will give companies exposure to web3 and the upside it offers, without being lumbered with prohibitive maintenance costs.

Web3, presented as a new internet standard, utilizes innovations that are synonymous with blockchain including the use of key pairs, encryption, digital IDs, and tokenization. Web3 technologies support such applications as micropayments, decentralized networking, IoT, and censorship-resistant social media platforms.

About Fintech-Ideas

Home to 200 employees across nine countries, Fintech-Ideas specializes in sourcing, financing and developing in-house products aimed at fintech and marketing industries. The Berlin-based company is focused on proprietary projects, which it prioritizes over software sales and contracted full-stack development. Fintech-Ideas solutions help businesses achieve their goals by freeing them to focus on their core operations.

Contacts
- Eugen Geptin
- IT-Technologie A.V. GmbH
- pr@fintech-ideas.com
July 3, 2022
Betting With Crypto: What to Look For in a Casino Site

It’s not hard to see why crypto betting has become a popular way to wager on sports events and casino gaming. The proliferation of newly launched crypto casinos hasn’t arrived out of nowhere; there has been considerable publicity gained by the sites that went before them, with the improved anonymity, better offers and greater versatility of crypto betting sites a definite selling point.

It makes sense that there would be some synergy between cryptocurrency and betting. After all, both are ways of speculating with money and backing your own analysis. The factors that lead to movements in crypto markets aren’t so different from the factors that decide a sporting event, or those that govern the way a game of blackjack will ebb and flow. In some cases, they are the self-same factors, so it isn’t hard to see why crypto betting sites have so many fans. But if you are going to join those ranks, how should you make your decision regarding the casino you choose to bet at?

Range of betting markets

The main problem with traditional betting sites is that they are … traditional. It’s fine for them to be that way, too, they have plenty of customers who want just that. But if you are a crypto holder, then it makes sense that you’ll have a more esoteric outlook, and you’ll want that to be reflected in the casinos and betting sites you use. You’ll want more dynamic casino games and broader markets in sportsbooks. Although some traditional bookmakers have markets in eSport, they’re often very limited and only available on bigger events. Crypto betting sites are more focused on markets that a crypto holder might be into, and it improves the betting experience.

Range of coins accepted

Crypto holders have a difficult enough time as it is explaining to skeptics that Bitcoin isn’t the only crypto coin. For the few traditional bookmakers that do accept crypto, customers tend to have to accept that in the eyes of most people, BTC is the only show in town. With crypto-specialist casinos and betting sites, that shouldn’t be the case. And it shouldn’t be a matter of Bitcoin and one or two others, either. Ethereum and Dogecoin are certainly part of the sphere, but they aren’t the only altcoins. When you are able to find and play at Tron casinos, and those for other new altcoins, it is only reasonable to expect that level of choice across a wide range of sites.

Converts your coins to fiat after you deposit

Any experienced crypto investor will know that the value of coins can go down as well as up. Market volatility is something that comes with the territory. But when you’re planning to bet with your crypto coins, you don’t want to place a bet before the dip and then win after it. That’s the definition of winning and losing at the same time. The best crypto casinos convert your coins to fiat cash before you step on to the playing floor. That way, you’re betting with the amount you deposited, not what it was turned into by market turbulence. When you’ve got some winnings to take out, they will then be converted back into the crypto coin you deposited, potentially boosting your profit.

Has some interesting extras

The joy of using crypto casinos is that you’re not restricted to the standard traditional casino experience. You can bet and chat with people of like minds. And you can also be among a community of innovative thinkers. So when it comes to choosing a crypto casino to bet with, bear in mind that you have a wide range of choice, and make sure you don’t just settle for the crypto version of a traditional casino. Some crypto casinos include a casino faucet that allows you to play games to mine new crypto that you can then use to play on the site. Other casinos allow you to write your own code to place bets for you when it’s more advantageous. Some simply have better offers for crypto bettors.

Whatever it is, make sure you’re getting something a little extra from a crypto casino – getting the best from the available technology is what the crypto mindset is all about, after all.

July 1, 2022
Grayscale Sues the SEC Over Rejected Bitcoin ETF Application
Key takeaways:
- Grayscale’s application to convert Grayscale Bitcoin Trust (GBTC) to spot Bitcoin ETF was rejected by the SEC
- Grayscale’s legal team has filed an appeal with the US Court of Appeals for the DC Circuit
- The shares of GBTC have been trading at historically low discount rates as of late
Top US financial regulator rejects Grayscale’s application to convert GBTC to a physical BTC ETF

On Thursday, the US Securities and Exchange Commission (SEC) announced it rejected Grayscale’s Bitcoin exchange traded fund (ETF) application over concerns of potential price manipulation and the lack of investors’ protection.

While optimistic about the outcome of the SEC’s ruling earlier in the month, Grayscale did announce the hiring of top legal counsel should the regulator reject its application. Now, roughly three weeks later, the digital assets management giant finds itself holding onto its promise to pursue all available legal avenues to convert the Grayscale Bitcoin Trust (GBTC) into an ETF tracking the spot market performance of Bitcoin.

“At Grayscale, we have not and will not waver in our commitment to converting GBTC to a spot Bitcoin ETF. The decision to pursue litigation is not one we take lightly, but we are confident in our legal team, as well as our compelling, common-sense legal arguments,” wrote the Grayscale team in a statement.

The head of the Grayscale legal representation is Donald B. Verrilli, President Obama’s former Solicitor General. According to the official statement, Verrilli has already filed a “petition for review” of the SEC’s decision-making process on behalf of Grayscale with the US Court of Appeals for the DC Circuit.

According to data from Bitcoin Treasuries, Grayscale’s GBTC has 654,885 BTC (worth $12.5 billion at current market rates) in assets under management (AUM). The Trust has been trading at a historically low discount rate in comparison to the net asset value (NAV) of Bitcoin as of late.

GBTC discount to NAV of Bitcoin 12-month chart. Image source: Ycharts

Grayscale was hoping for the Trust to be converted into a Bitcoin price tracking ETF, which would eliminate the discount and lead to investors who were buying shares of the Trust in the past couple of months to instantly make a profit on their GBTC investment, amounting to the difference between GBTC’s share value and the NAV of BTC (-30.74% as of June 30).

The firm has recently published an in-depth analysis of the potential benefits of a BTC spot ETF for investors, deduced from over 11,000 comment letters submitted by “academics, market participants, other communities.” It is worth noting that in excess of 99% of comment letters were submitted in favor of converting GBTC to ETF.

Following the rejection of Grayscale’s application yesterday, Bitcoin plunged below $19,000, retesting its support in the upper $18,000 price region for the second time in the past month. At press time, the world’s largest crypto is trading at $19,170, essentially breakeven over the past 24-hour period.

Buy/Sell BTC
July 1, 2022
5% Bonus: Utorg and Industry-Leading Crypto Companies to Make a Difference for Ukraine
Tallinn, June 28, 2022 – While many Ukrainians are suffering from the consequences of the Russian invasion, industry-leading crypto companies unite to support the victims of the war. A supportive program was initiated by a fintech company Utorg, which is a licensed fiat-to-crypto service provider. Under the frames of this program, all Ukrainian citizens with actual ID cards issued in Ukraine get an instant discount for the purchase of cryptocurrency.

For a period of 1 week, all Ukrainian users who have the KYC Level 1 verification on Utorg are qualified to take advantage of the instant 5% bonus while purchasing crypto with UAH from the following websites:
Both existing and new users can participate in this supportive program. To get the KYC Level 1 verification, a new user should start purchasing crypto on the above-mentioned platforms via Utorg. While doing this, the service will request the user to verify their account by following two simple steps.

The first step requires a user to upload a photo of their actual ID card. Secondly, verify the user’s identity using a web camera (to make a few turns of the head in front of the camera). When the user completes these steps, the AI-based algorithm will automatically check all the information provided and send an email, which confirms the success of the verification. Afterward, all subsequent crypto purchases will have a discount displayed as a 5% bonus in the Order Details section on the checkout screen.

More information about this program can be found here: https://utorg.pro/blogs/uabonus/

About Utorg

Utorg is a licensed virtual currency service provider operating in 187 countries. The company’s core product is a fiat-to-crypto payment widget embeddable into any Web3 product. It enables users to buy crypto using 10+ most popular payment methods (bank cards, instant bank transfers, Apple Pay, Google Pay, and local payment systems), which, together with the built-in AI-powered KYC, takes less than 3 minutes. The solution has been highly appreciated by industry-leading companies from all over the world.

Media contact:
helen@utorg.pro
July 1, 2022
2 Cryptocurrencies That May Produce Greater Gains: Mehracki (MKI) And Flow (FLOW)

Introduction

People have opted to invest in stock indexes as a form of stock selection for many years. Compared to returns from a basket of cryptocurrency tokens, these gains are estimated to be modest. The risk can be reduced by carefully choosing a varied collection of crypto tokens for a personal fintech portfolio. Your investments’ profitability can change in several ways, some of which are covered below.

Greater returns than any stock index might be possible with the Mehracki (MKI) Token. It will soon be up for presale, and you may buy a massive amount of it to make lots of money over the long run potentially. After the presale ends and the coin begins to trade on major exchanges, the price of Mehracki (MKI) tokens typically increase. Moreover, the recent crypto market crash isby 10% currently, losing $205 billion.

FLOW (FLOW): According to market capitalization, Flow Token has risen steadily through the rankings to hold a position among the top fifty cryptocurrencies. The team recently unveiled the $725 million Flow Ecosystem Fund to help developers create on the Flowverse. Another cryptocurrency that can potentially yield significant gains in the future is FLOW Token. Holders of FLOW can also stake their tokens to protect the network.

Mehracki (MKI)

Mehracki (MKI) is a community-driven meme coin with significant real-world applications for users of the metaverse. The coin the platform uses to deliver quick and borderless transactions is supported on the Solana blockchain. Transaction fees can be reasonable or minimal due to the innovative contract feature. Users who stake for at least 30 days will receive a 15 percent annual yield (APY).

Additionally, the platform plans to incorporate an ecosystem and a voting mechanism to let token holders participate in governance. As a result, people can cast their ballots and make proposals and suggestions for improving the platform. This coin is referred to as a community-driven coin for these reasons.

The coin has a 100 billion coin supply and a beginning price of 0.000056 USD. Wait until August 22nd, 2022, which is defined as the coin’s formal launch, if you’re eager to purchase it. However, you can now learn more about them by reading their whitepapers and roadmaps, which are accessible on their official website.

Flow (FLOW)

Flow (FLOW) is a decentralized ecosystem and platform built on the blockchain that primarily focuses on the development of scalable and interactive solutions. To scale interactive experiences, decentralized application projects, and blockchain-based games. The Flow network provides a scalable ecosystem and architecture for quick transactions without congestion to create an environment for non-fungible tokens, dApps, and games. NFTs can be produced and exchanged like other cryptocurrencies, but the main distinction is that each NFT is distinct and has a different value, which is why they are referred to as collectibles.

The working of FLOW primarily relies on the Proof of Stake protocol. In comparison to the famous Proof-of-Work (POW) model, it ensures that the target of accomplishing scalability is fulfilled. This further allows the enhancement of the network speed and capacity. The role of Flow is to ensure there is a consistent divide between the work on the network across the system’s nodes. It assigns different duties to different nodes based on their technological capabilities ensuring there is no load on the overall system.

Conclusion

We believe that by contrasting Mehracki (MKI) and FLOW (FLOW), we have demonstrated how these two new coins aim to go above the essential features that other cryptocurrencies provide. These coins may offer good value for your money if you’re looking for a safe investment strategy. The two cryptocurrencies discussed above have a variety of applications. They have focused on specialized market segments that may provide their coins with the required momentum to generate large profits in the future. You can learn more about the many uses of the Mehracki (MKI) Token through the resources provided below.

For more information on Mehracki (MKI), visit:

Join Presale: presale.mehracki.io/register

Website: https://mehracki.io/

Telegram: https://t.me/Mehracki_Official

July 1, 2022
Asset-Backed Token Raise to Support the Build of Algae Biomass Protein Farms
London, UK, 1st July, 2022, Chainwire
- SIT is the world’s first blockchain-based algae biomass project offering. The project will be built utilising patented sustainable technology to deliver a pioneering green investment opportunity.
- Carbon credits generated by biomass projects will be tokenized as Algaecoin.
The world’s first blockchain-based algae biomass project, built on the energy-efficient Tezos blockchain, was announced today by leading capital markets technology firm, Globacap. Developed and operated by Sustainable Impact Token (SIT), the project will support the development, construction, and operation of algae biomass farms. The initiative will use blockchain technology to bridge the gap between two of the fastest growing investor markets in the world – asset-backed finance and crypto.

SIT’s algae biomass farms produce high quality, non-animal protein, based on a system powered exclusively using renewable energy. These algae farms are absorbing large amounts of carbon out of the atmosphere and a net producer of renewable energy. The SIT project is currently supporting the development of a “proof of concept” algae biomass farm in Europe using patented, sustainable technology.

Myles Milston, CEO of Globacap says, “Being part of this pioneering project marks an important milestone in our ongoing mission to enable frictionless asset creation and transferability. With Globacap, the capital raising process is completely digital, mostly automated, transparent, secure, and compliant. Our work with SIT and Tezos is transformational in the way this market can operate.”

The $5 billion algae biomass sector is estimated to grow at a CAGR of 6.3% during the next 5 years (Quince Market Insights) and the success of the project will provide the basis to expand globally. SIT provides investors with tokens issued via smart contracts deployed on the proof-of-stake Tezos blockchain, representing their preferred shares in the project. Carbon credits generated from the algae production will also be tokenized into Algaecoin, a tokenized asset representing tradable carbon credits.

“By bringing agri-tech solutions and carbon credit-backed assets into private markets and beyond, we can make significant, impactful steps towards sustaining our planet for future generations,” adds Milston.

The SIT offering was designed to enable frictionless transferability in full compliance with securities regulation through the Tezos FA2 compliant token contracts for holding and settlement. This pioneering offering links the sustainable asset-backed and crypto investment worlds together to create a compelling blockchain-enabled investment vehicle.

“As solutions to the macro challenges of food scarcity and sustainable energy production continue to be a global priority, demand for investment vehicles that can also support these objectives are increasing. We are thrilled to see Globacap choose Tezos to power this unique blockchain based, asset-backed offering,” says Mason Edwards from Tezos Foundation.

Tezos is an energy-efficient open source blockchain network powered by a globally decentralised network of users and validators. Companies and builders around the globe leverage Tezos for projects exploring the potential for blockchain to be a tool for sustainable innovation. Recently, Cambridge University announced the Cambridge Centre for Carbon Credits (4C) which is creating a trusted decentralised marketplace on Tezos where purchasers of carbon credits can confidently and directly fund trusted nature-based projects tying together corporate funders to conservationists, via automated and transparent global oracles.

Globacap is committed to enabling adoption of tokenization for most asset classes and providing a means for digital securitisation to global capital markets. Blockchain technology enables previously illiquid investment to now be transacted efficiently in seconds instead of weeks, and with minimal overheads. Globacap’s mission is to bring the archaic processes behind capital markets into the digital era by offering private placement, securities issuance, securities registry management, and liquidity products.

Chairman & Founder of Sustainable Impact Token, Peter Henderson, says, “Our vision is to play our part in addressing some of the real challenges of our time – how can the growing world population be fed sufficiently, nutritiously and can this ambition be achieved in a way that improves, rather than harms, the environment? We believe our approach helps on all these fronts and know that the investor community is keen to join us on the journey.

“SIT presents a unique investment opportunity that is underpinned by our three core pillars: food security, renewable energy and carbon reduction.

“We wanted to structure the offering using an innovative, transparent and secure approach. Investors are being offered an attractive return, in a real asset, but through digital technology – and they can make their investments through fiat or crypto currencies.

“Bringing the token offering to market has been amazingly smooth, which is a credit to our partners at Globacap, Tezos and Lumin Capital.”

To learn more about Sustainable Impact Token, visit https://sustainableimpacttokens.com/

To learn more about Globacap, visit https://globacap.com/

To learn more about Tezos, visit https://tezos.com/

ENDS

About Globacap:

Globacap is driving the digitisation of all assets by using technology to unlock the true potential of capital markets. It has standardised the securities landscape, enabling frictionless asset creation and transferability.

Over $14 billion of private share and debt instruments are digitally administered on the platform, and Globacap has now executed over $180 million of secondary liquidity in private securities with digital, automated settlement. Globacap is regulated by the FCA (Financial Conduct Authority) as an arranger and custodian and its platform can onboard investors from over 60 countries, in compliance with local regulations. For more information on how Globacap is changing the private capital markets industry, please visit www.globacap.com.

About Tezos:

Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit www.tezos.com.

Contacts

Marketing Manager
- Bianca Willey
- Globacap
- bianca.willey@globacap.com
July 1, 2022