Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, is pleased to provide an update on its investment in Pluto Digital Assets plc ("Pluto"), a technology company that is operating in the exciting digital assets sector.

Following Pluto's recent announcement of its strategic NFT partnership, the company today announced that it has acquired the assets of the innovative DeFi project, Yield Optimisation Platform ("YOP"). Pluto intends to reimagine, redevelop and relaunch the YOP platform and to support the existing protocol, community and $YOP token. 

Pluto plans to deliver YOP's vision of 'DeFi For Everyone' to the fullest extent possible. Pluto will be allocating significant budget and human resources to building a best-in-class quality decentralised finance ("DeFi") platform, which will drive value through the $YOP token.  Pluto has established a tech team to re-design and redevelop the YOP platform, initially as a Web 3.0 platform, which can deliver significant value and continue to grow the community of $YOP token holders. Taking on the assets, which include the $YOP tokens, IP, brand, and website, Pluto will be rebuilding the YOP platform to relaunch as YOP 2.0. 

The Board believes that this acquisition represents a good opportunity for Pluto and understands that it was achieved on attractive terms.  Following the announcement, the price of the YOP tokens increased substantially, further confirming the value of Pluto's involvement with the YOP project.

As announced on 9 March 2021, Pires holds 32,518,876 shares in Pluto and warrants over 24 million new ordinary shares in Pluto, subject to certain vesting conditions.

Nicholas Lee, Director of Pires, commented:

"Following shortly after the announcement of its partnership in the NFT space, this acquisition clearly demonstrates the rapid progress that Pluto is continuing to make in this very exciting sector.  We look forward to further developments as the company proceeds towards its IPO."

Global broker OctaFX released the final episode of their YouTube interview project 'Honest Stories of Success'. The interviews showcased the success stories of Malaysia's prominent people as they actually happen, unfiltered. However, the project had more to it than famous people revealing the ups and downs of their career journeys. It provoked a unique dialogue between Malaysian traders who shared their own stories in the comments.

In the global broker's interview series 'OctaFX: Honest Stories of Success', Malaysian celebrities reflected on the difficult paths that brought them to prosperity. The viewers heard from businessman Datuk Aliff Syukri, actor Dato' Aaron Aziz, actress Janna Nick, comedian Harith Iskander, musician Altimet, and fashion entrepreneur Wak Doyok. Popular actor Fizo Omar interviewed the guests.

The project sparked genuine interest—its six episodes have been viewed over one million times. What makes it even more valuable, the interviews received a strong response from the audience. The viewers flooded the comments section under each video with their own stories of struggles and triumphs.

Overcoming work-related obstacles

 The commenters told each other about the obstacles on their career paths—lack of support from family and colleagues and changes caused by the COVID-19 pandemic, such as losing a job and finding new ways to make a living.

Despite the difficulties, these people applied different strategies to stay afloat. Some changed jobs in search of better conditions, and others kept 'pushing themselves to the limit' while also dealing with the uncertainty of their personal lives. Besides that, many shared that they became Forex traders in pursuit of additional income or to improve their pandemic-stricken financial situation. One of them who became the OctaFX client observed that 'trading helps generate income with any initial investment'.

Many felt inspired and motivated by the interview project and said that such initiatives help stay focused and persistent when guided by the example of financially successful people.

Financial management: what should've been done differently?

'If I could step back in time, I would focus on financial management,' a viewer said. Other commenters shared their personal rules of financial planning they developed by trial and error. They included getting a stable job and not being afraid of starting from the bottom, segmenting the income and 'putting needs ahead of wants', learning about investments from the experts and allocating a portion of income to it, avoiding debts, and finding extra sources of income such as side businesses, unit trusts, and Forex trading. The viewers also emphasised the importance of investing with trusted brokers and named OctaFX as one of them: 'Save and deposit money to a trusted platform like OctaFX', 'OctaFX is the best to start investing'.

Saving money and using the income from investments

Those who shared their financial strategies found discipline and precision essential for financial planning. Many recommended putting a fixed amount, 10 to 20 percent of income, to savings, distinguishing 'needs' from 'wants' to avoid 'financial waste', and fighting the urge to spend money on non-essential things. As for the next step, they recommended reinvesting the income from Forex or other investments in real estate or small businesses: 'I always think: let the money work for me, and not I work for money to achieve freedom'. 

Monetising a hobby

As the guest celebrities of 'OctaFX: Honest Stories of Success' talked about all the work experiences they've had before becoming prosperous and famous, the viewers got inspired to reflect on their own hobbies and things they tried to do. Many commenters confessed that they were seriously thinking about turning these activities into prospective jobs. They mentioned spheres like graphic designing, coding, drone flying, photography, video editing, and gaming among others.

Book recommendations

Last but not least, the viewers shared some good reads that either helped them understand financial planning or inspired them to work towards their financial goals. They recommended 'The New Market Wizards' by Jack D. Schwager to 'peek into conversations with America's top traders and get to know their thinking'. Someone named 'The Alchemist' by Paulo Coelho: 'It is a fable about following your dream. Everyone needs to have big dreams as they cost us nothing but give us hope.' 'Currency Trading for Dummies', 'Reminiscences of a Stock Operator', 'The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich', and 'Psychology of Selling' were also among the recommendations.

'OctaFX: Honest Stories of Success' turned out to be a meeting point for Malaysian celebrities and common people striving for financial freedom. The former talked sincerely about how they reached their current status and the real stories of what this path was for them, while the latter realised that even successful people do not always get what they want and have to work hard and overcome many obstacles to achieve success.

OctaFX previously shared the success stories of its traders. However, this project is the first to bring sincere personal stories of famous people to light and make them relatable for common people. The interviews received passionate feedback from the viewers and provoked them to share and discuss their own concerns and achievements with others through the comments. Through this mutual dialogue, celebrities and viewers reflected on the complexity of financial success, learnt valuable financial lessons, and, most importantly, felt less alone on their journeys.

Cryptocurrencies and digital assets have gone from an obscure part of finance to centre-stage over the last year, attracting both institutional and personal investors – understandable given their meteoric value increase during 2020 & 2021.

But its ‘cryptic’ nature, while appealing in many ways, may have tax liabilities that investors – new investors in particular – should be aware of, as Jonathan Allwood, Personal Tax Manager, Bracey’s Accountants, explains.

Broad attraction

In October 2020, Miami-based art collector Pablo Rodriguez-Fraile spent almost $67,000 on a digital token stating that he owns a 10-second video artwork that he could have watched online for free; he went on to sell that same digital token for $6.6 million. 

While most of us won’t have a neat £50,000 disposable income to invest, the above is a prime example of the vast gains that can be made from crypto-investments. Likewise, if we consider the growth curve of Bitcoin over 2020, its appeal to an audience beyond the typical portfolio holder becomes clear. 

The Meteoric Rise of Bitcoin

Cryptic crypto

While its appeal may be evident to both existing and new investors, by its very nature crypto-investment has its complications – and implications when it comes to an investor’s tax obligations.

The first challenge lies in the location of the asset. Crypto-assets are decentralised and digital in nature and, as such, do not have a physical location or exist anywhere. However, determining the location of assets is important for tax purposes and particularly for UK residents, non-UK domiciles as it can change the tax consequences dramatically.

HMRC guidance (note: this is not legislation) states that exchange tokens, which would include the likes of bitcoin, are located wherever the beneficial owner is resident. For UK residents, this means the crypto-asset would be treated as a UK asset.

For non-domiciled UK residents, however, the situation is potentially far more complex with greater permutations of tax consequences.

The second challenge lies with how gains on crypto-assets are calculated. Many crypto-assets are traded on exchanges that do not use pound sterling and it is also common to directly exchange one crypto-asset for another. Add into this the daily volatility in the crypto market, and actually valuing your crypto-assets on disposal can be tricky. 

The key point here is that HMRC views different types of crypto-assets as separate assets for capital gains purposes. The swapping of your bitcoin for, say Ethereum, will trigger a disposal for capital gains tax purposes even if no traditional currency has been received. In this case, the individual investor would realise either a taxable gain or loss as a result and may need to make further disposals of crypto-assets into actual currency to meet their tax obligations.

Tax inevitability

While the market is nascent, many new investors may still be able to declare gains on crypto trading before the deadline or before HMRC make an enquiry into their tax affairs. As this is a growth market, it is not surprising that HMRC have already made steps to obtain information from trading apps and platforms regarding investors who have bought and sold crypto.

It is only a matter of time until HMRC are able to pursue investors that may have historical capital gains tax liabilities to declare. And with a January 2022 deadline to declare capital gains from investments sold before 5 April 2021, this may well happen sooner rather than later.

For amateur traders and investors, it is therefore now the time to ensure that they understand and seek trusted and expert advice on their tax obligations with regard to cryptocurrency trading, lest they incur unexpected penalties that eat into their much-prized gains.

The move aims to strengthen Bitfrost’s position as a gateway bridge between the worlds of fiat and digital money for financial institutions

Today, Fintech company Bitfrost completed its first major acquisition, by acquiring OKONTO, a leading global institutional crypto OTC and lending provider. This adds to Bitfrost’s ability to provide all-important cryptocurrency services and consulting to its growing list of institutional clients.

Despite the technology-focused acquisition, Bitfrost has also accumulated knowledge and talent by onboarding OKONTO’s top financial experts. As part of the acquisition, Anton Chaschin, Co-Founder of OKONTO joins Bitfrost as Managing Partner to lead Bitfrost’s Lending and Prime Services and expand licencing and operations in Switzerland, EU, Gibraltar, Singapore and other Asian markets.

Anton Chaschin says, “Fintech proves that banking is possible without banks. Today's banking services lack profitability and flexible scalable solutions, so the industry should recognise that cryptocurrencies can both improve their businesses and have the necessary level of security and stability. It’s time banks and the crypto industry integrate their resources and evolve together. Bitfrost, together with OKONTO are going to realise that.”

With OKONTO now part of the Bitfrost ecosystem, the OKONTO team will focus on technical development and support for all Bitfrost’s blockchain and fintech products. A significant factor in the acquisition was OKONTO’s commitment to licensed crypto operations. Bitfrost supports this approach and has already started license expansion to have global regulatory coverage. According to Chaschin, Bitfrost is currently in the process of obtaining licences in Gibraltar, Switzerland, Cyprus, Hong Kong and UK.

Chaschin adds, “The acquisition of OKONTO fully aligns with Bitfrost's main goal of becoming a leading global fintech ecosystem that will provide much-needed consultation for banking and crypto services in order to eliminate trade barriers. OKONTO was chosen as a representative of the crypto world because it met the compliance and security standards of Bifrost. OKONTO already has an impressive client base of European family offices, so we are delighted to be welcomed into the Bitfrost ecosystem.”

The appointment of their newest strategic advisor, Jake Chervinsky, is another milestone on Gro’s roadmap as they prepare to innovate with an experienced advisor in crypto regulation and DAO governance on their side.

Gro, the protected stablecoin yield farming protocol, is pleased to announce that Jake Chervinsky, General Counsel at Compound Labs, will be joining the Gro team as a strategic advisor. Jake brings a wealth of experience in the decentralized finance and broader cryptocurrency market, strengthening the Gro team after the successful implementation of the Gro decentralized autonomous organization and the associated governance token launch. While he has been involved in establishing the Gro DAO for several months now, the advisory appointment formalizes his position in the project. 

Speaking of the appointment, Hannes Graah, founder of Gro, said: “We couldn’t be more thrilled to formally welcome Jake to the Gro team at such a critical point in our development roadmap. His deep expertise in DeFi and particularly the evolving regulatory landscape will position Gro to ensure it can mount an agile response to any future legislation and provide a stable and compliant service to Gro users.”

Jake Chervinsky graduated with a bachelor’s degree in psychology and criminal justice before going on to complete his doctorate at the George Washington University Law School in 2013. He went on to hold various positions in public and private practice, as well as serving as an adjunct professor at the Georgetown University Law Center in 2019. 

In the same year, he joined Compound Labs, one of DeFi’s flagship lending platforms, as General Counsel. Along with his position at Compound and his advisory role at Gro, Chervinsky also serves as a strategic adviser to Variant, a cryptocurrency-focused investment fund. 

Chervinsky is also an active contributor to the ongoing discourse regarding cryptocurrency and decentralized financial regulation. He played a key role in shaping the DeFi taxation discussion around the US Infrastructure Bill and has published many highly regarded thought leadership pieces covering digital asset regulation and its implications on the sector. 

Gro recently announced its launch of a unique on-chain governance mechanism to determine the launch of its DAO token, its liquidity bootstrapping pool (LBP) and its liquidity mining program set to distribute 2 Million tokens in the first month of operation. The LBP launched on the Balancer protocol using Copper Launch on September 28.

Combined industry expertise, including a new strategic alliance with Farmer Mac and Indigo Ag, furthers the adoption of land loan servicing and carbon farming in support of more profitable and sustainable operations.

"Through the combination of AcreValue and Ag-Analytics, farmers and landowners will be able to instantly connect with powerful land analytics, profitability mapping and our network of services to better manage their assets and steward their resources," said Ag-Analytics CEO Josh Woodard.

Since its founding in 2014, AcreValue has been on the forefront of leveraging technology and data to promote efficiency of the farmland real estate market. AcreValue has emerged as the go-to reference for agricultural land research and data, with several hundred thousand users per month. Combined with the analytical capabilities from Ag-Analytics, AcreValue will further empower its stakeholders across the ag industry to leverage data in rapidly making better management decisions and mitigate risk.

"Production agriculture is a business and a team sport where great data and insights will profit the most progressive. Ag-Analytics has assembled an industry-leading team of ag data expertise, and we're thrilled to be a part of it," said AcreValue Director Landon Frye, who has joined Ag-Analytics as the Head of Revenue to continue leading the growth and development of the platform.

In addition to the acquisition of AcreValue, Ag-Analytics also today announced a strategic alliance with Farmer Mac, the nation's secondary market for agricultural credit, and Indigo Agriculture, an industry-leading company leveraging nature and technology to unlock economic and environmental progress in agriculture. Farmer Mac and Indigo will leverage the Ag-Analytics and AcreValue platforms as a channel to further their respective lending and carbon services markets, delivering new opportunities for innovative financing, carbon farming and environmental stewardship directly to the digital farm gate.

"As an organization driven by our mission to help increase the availability and affordability of credit for the benefit of American agriculture and rural communities, we're thrilled at what this acquisition by Ag-Analytics will mean for producers and their lenders. We're proud to have played a role in facilitating the acquisition and to be a part of this innovative alliance along with Indigo Ag," said Jackson Takach, Farmer Mac's Chief Economist and Senior Director - Strategy, Research and Analytics. "We're excited to leverage the technology of Ag-Analytics and AcreValue to fuel a more modern approach to collateral management and to bring even greater efficiencies in how we provide financing to our lenders for the benefit of their farm and ranch customers."

"At Indigo Ag, we're working to ensure all farmers have access to the economic and environmental benefits that agricultural carbon credits present," said Chris Harbourt, Global Head of Carbon at Indigo Ag. "We're excited to amplify the carbon farming opportunity to AcreValue users and to enter into this strategic alliance with Ag-Analytics and Farmer Mac so that, together, we can explore new and innovative ways technology and financing can be leveraged to better serve rural America."

To learn more about Ag-Analytics® and AcreValue, visit www.acrevalue.com.

Diginex Limited, a digital assets financial services company, today announced that its shareholders voted in favor of changing its corporate name to EQONEX Limited (‘the Company’). The Company’s Nasdaq ticker, EQOS will remain. 

The change in name was approved by shareholders at the Company’s first annual general meeting (AGM). The decision represents the final step in the unification of the Company’s businesses under the EQONEX brand, following a rebrand which was initiated in June 2021. 

The EQONEX brand brings a focus to the crypto ecosystem of companies that represent the EQONEX group, which comprise: EQONEX, a crypto spot and derivatives exchange, Digivault, a UK FCA registered crypto custodian, Bletchley Park, an asset manager, EQONEX Investment Products, a forthcoming investment products business, EQONEX Lending, a crypto borrowing and lending platform, Access Trading, a multivenue trading platform, and EQONEX Capital, which offers crypto securitization services.

The rebrand to EQONEX, follows the divestment of Diginex Solutions, the ESG blockchain solutions company, in May 2020.

Richard Byworth, CEO at EQONEX Group, said: “The change of our corporate name represents the last step in our efforts to align all our businesses under the EQONEX brand. We are delighted that a majority of our shareholders voted in favor of the move and continue to support us as we are poised to become a leader in digital asset financial services.”

As well as the vote in favor of changing the new corporate name, all of the resolutions submitted for shareholder approval were adopted including:

·       The Directors’ Statement and the Singapore Statutory Consolidated Audited Financial Statements for the Company’s financial year ended March 31, 2021

·       UHY Lee Seng Chan & Co. re-appointed as the Company’s statutory auditors 

·       Authority to the Company’s board of directors to allot and issue ordinary shares of the Company

·       Authority to the Company’s board of directors to offer and grant equity compensation awards

·       The notice period required for Board meetings to be reduced from 14 to 3 calendar days

Chi-Won Yoon, Chairman of EQONEX Group, said: “There have been a lot of positive developments since we listed on Nasdaq a year ago. The unique value proposition of our EQONEX ecosystem is gradually coming together to provide a full one-stop-shop for investors in this asset class. The fiscal year 2022 is set to be yet another exciting year and we look forward to delivering more value to our shareholders.”

Bank corporation partners with Jack Henry for open, efficient technology ecosystem

Jack Henry & Associates, Inc. is a leading provider of technology solutions and payment processing services primarily for the financial services industry. The company announced today that $1.5 billion-asset Crews Banking Corporation has partnered with Jack Henry to modernize and streamline technology across the enterprise, including lending, digital and core. 

Wauchula, Fla.-based Crews Banking Corporation is the holding company for four individually chartered banks: Charlotte State Bank & Trust, Crews Bank & Trust, Englewood Bank & Trust, and Wauchula State Bank. The holding company was on its previous core system for more than 20 years and needed a more robust, digitally optimized core to support its growth and evolution. By leveraging Jack Henry’s SilverLake System^® core, the banks are gaining a strategic, long-term technology ecosystem that seamlessly integrates and aligns critical lines of business. And, by running the core through Jack Henry’s private cloud environment, Crews Banking Corporation expects to reduce IT burden and better meet regulatory demands.

Brad Wilson, Chief Financial Officer of Crews Banking Corporation, explained, “Technology is changing at a rapid pace, and we needed to upgrade our systems to empower us to compete and quickly introduce differentiated customer experiences. Jack Henry has the deep integrations, open philosophy and strong culture we were looking for. Plus, by outsourcing with Jack Henry, we’ll be able to solve for the talent shortages in our area and benefit from the wide, valuable expertise of their team.”

Crews Banking Corporation will leverage Jack Henry’s digital loan platform to automate the commercial lending process and deliver an enhanced borrower experience. The all-digital loan origination, decisioning, and portfolio management workflows will allow the banks to improve transparency, reduce paper throughout the loan lifecycle and shorten loan turnaround times. The banks are further enhancing digital experiences with the Banno Digital Platform™, enabling meaningful personal service at the moment of need within digital channels with fully open, API connectivity. Both of these digital platforms are tightly integrated to the SilverLake System core creating a unique value of 1+1+1=5.

Wilson continued, “Customer experience is the driver for everything we do, and that means ensuring both lending and deposit banking experiences are quick, easy and digitally optimized. Jack Henry’s digital lending technology offers seamless integrations from application to closing and beyond, creating efficiencies and establishing a strong competitive posture in our market. The Banno Digital Platform brings equally valuable benefits, delivering a human-centric and smooth experience for our customers that even exceeds their daily interactions with the likes of BigTech companies and major retailers.”

Ted Bilke, vice president and chief technology officer of Jack Henry & Associates, stated, “Technology solutions that have been pieced together over years or even decades typically create inefficiencies and are detrimental to the overall customer experience. Crews Banking Corporation is making a strategic investment in a dynamic, comprehensive and customizable platform that supports agility and personal experiences. With Jack Henry, the banks are boosting their competitive positions and solidifying the technology necessary for continued growth and success.”

Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, today announced the appointment of Tigran Gambaryan and Matthew Price, both former Special Agents of the Internal Revenue Service—Criminal Investigation (IRS-CI) Cyber Crimes Unit in Washington, D.C.

Tigran joins Binance as VP of Global Intelligence and Investigations after a decade at the IRS-CI. As a Special Agent, Tigran investigated cases involving national security, terrorism financing, identity theft, distribution of child pornography, tax evasion, and bank secrecy act violations during his award-winning career. Tigran led several multi-billion dollar cyber investigations, including the Silk Road corruption investigations, BTC-e bitcoin exchange, and the Mt. Gox hack. 

Matthew joins Binance as Senior Director of Investigations with 15 years of experience in law enforcement and intelligence, having led cyber, money laundering, and financial crimes investigations and efforts to mitigate counterterrorism and counterintelligence threats. Formerly serving as a Special Agent with IRS-CI, Matthew led international cyber investigations targeting bad actors who sought to exploit cryptocurrency for illicit purposes. Matthew was the lead investigator of Helix---the first investigation and successful prosecution of an illicit bitcoin tumbling service operating on the darknet. 

This announcement follows the recent appointments of former Europol specialist covering Dark Web investigations, Nils Andersen-Röed and former crime detective of Mariposa County in California, Aron Akbiyikian, who also led investigations at Chainalysis and TRM Labs before joining Binance. 

“The Binance investigations team now includes the top investigators in the world who have worked on some of the most significant cyber investigations in history with unmatched track records in this space,” said Binance CEO ‘CZ’ (Changpeng Zhao). “This level of experience will make Binance a leader in compliance, enhancing trust in Binance and the cryptocurrency ecosystem as a whole.”

Led by Binance’s Chief Security Officer Jimmy Su and Tigran, the audit and investigations team will focus on internal and external investigations to prevent threats and financial losses while continuing to work closely with law enforcement agencies and regulators around the world. 

“Compliance is the first line of defense,” said Tigran. “We will work closely with our colleagues in compliance to identify criminals and refer them for prosecution. The constantly evolving crypto industry requires strong cooperation between the industry, law enforcement and regulators. Our goal is to increase trust in cryptocurrency by establishing Binance as the leading contributor in the fight against human trafficking, ransomware and terrorism financing.”

“I want to educate the worldwide law enforcement community on how Binance is a partner in the fight against the illicit use of cryptocurrency, keeping the ecosystem more secure and moving it forward sustainably,” added Tigran. 

By distributing profits from transaction fees, Kinesis provides a genuine low-risk alternative to investors at a time of uncertainty and heightened risk among traditional investments 

Today, Kinesis Money, the monetary system based on 1:1 allocated gold and silver, launches its Holder’s Yield, whereby a portion of the yield pool, currently valued at $17.5 million, will be distributed every month to people who hold gold and silver with Kinesis. 

Until now, revenue amassed from the trading or investment in gold was speculative and subject to market fluctuations. Kinesis offers a competitive alternative, with a yield-sharing model that allows participants to increase their holdings of gold and silver, by paying a yield of 15% of overall transaction costs back to them each month. 

This unique yield system makes Kinesis the only logical place to own gold, as Kinesis stores its metals in world-leading non-bank vaults and covers all storage and insurance costs on behalf of Kinesis users. Gold investors who switch to Kinesis can earn a yield on all gold holdings, as opposed to paying monthly fees like storage and insurance.

The Holder’s Yield combines the stable, enduring value of physical gold with a revolutionary model wherein users can earn a risk-free yield based on the mutual sharing of transaction fees as well as get access to its native trading exchange for a complete metals portfolio management solution.

Importantly, as inflation begins to soar globally, The Holder’s Yield, paid out monthly in gold and silver, offers a virtually inflation-proof model for the creation of a fortified digital asset portfolio, designed for inherent growth and persistent value – an unmatched way of safeguarding wealth in today’s unpredictable economic climate.

Marking a pivotal turning-point for the precious metals industry, gold has never been more accessible than at this very moment; Kinesis has taken gold, one of the most stable stores of value, and transformed the banking infrastructure surrounding the once hoarded, impracticable asset, so that it can be transacted like any other currency intended for mainstream uptake. 

Cementing what is an industry first, the Holder’s Yield is just the second of five yields that Kinesis will be bringing online over the course of 2021/2022, making Kinesis gold and silver one of the most exciting investments in the precious metals space in the last decade.

Thomas Coughlin, CEO of Kinesis, says:

“We’re calling on gold investors to make the switch to Kinesis. The Holder’s Yield is not just an industry first, it’s an economic first that renders traditional methods of storing gold obsolete. The yield that we distribute is based purely on transaction fees, meaning it can only generate a positive return – and with our growth, this will only keep growing. By turning the economic model on its head, and distributing some of our profits, we are creating a fairer and more ethical environment for our users to promote and encourage the use of digital gold.”

Andrew Maguire, Director of Kinesis, says: 

“What we’re witnessing here is truly revolutionary for the precious metals industry. It’s unheard of; a yield system based on usage and transaction fee sharing is the solution to risky trading strategies and debt-based loan systems where people’s investments are at risk. And guess what? It’s just the beginning.”