Blockchain
Vinergy to Invest in the Crypto Exchange Business
Vancouver, British Columbia–(Newsfile Corp. – April 22, 2021) – Vinergy Capital, Inc. (CSE: VIN) (OTCQB: VNNYF) (FSE:1V70) (“Vinergy” or the “Company”) , a capital allocator in high growth and high impact public sectors, is pleased to announce that it has commenced negotiations. The initial acquisition contemplates a 25% equity position in an American FinTech Company controlling the Intellectual property, licensing rights, and operational ownership of the CoinTraders app and www.cointraders.io. The Company is currently developing the International Crypto Exchange to operate from the Bahamas and have the full operational launch during Q3 2021. The Platform, upon launch, will only onboard non-US investors and will only list Cryptocurrencies and Utility Tokens on the exchange.
Expected Features of the Platform include:
- Fully featured exchange order book allowing users to trade cryptocurrency, utility tokens, and blockchain-backed security tokens.
- Trades are instantly settled as opposed to the industry standard 2-day clearing period.
- 24/7 trading markets with zero commissions
- No deposit or withdrawal limits
- Fast and easy KYC onboarding
- Intuitive and user-friendly interface available on iOS & Android
- High Performance – 10M + Transactions per Second
- Secure
“We are very pleased with the progress made with our first investment, which is on track to solidify themselves as a trusted online exchange that trades security tokens, cryptocurrencies, and utility tokens, and we believe they will capture a large portion of the growing market,” said Vinergy CEO Todd Violette. “This exchange will allow for trading of both utility and security tokens. At the moment, there is no dominant platform for trading security tokens, and this market alone is forecasted to reach a $2 trillion valuation by 2030,” continued Todd Violette, Vinergy CEO.
In consideration for the purchase of the 25% of equity ownership, Vinergy may issue up to 5,000,000 common shares of Vinergy and cash payments of up to USD 500,000. In conjunction with the closing of the investment, Vinergy may also pay a finder’s fee to an arm’s length party. All securities issued connected with the investment in Vinergy will be subject to a four-month-and-one-day statutory hold period per applicable securities law. Upon completing the acquired equity position, Vinergy shareholders will be directed to the Apple App Store and Google Play to download the app.
Completion of the investment is subject to several conditions, including, but not limited to, completion of due diligence, negotiation of definitive documentation, and the receipt of any required regulatory approvals. The proposed investment is not expected to constitute a fundamental change for the Company, nor is it expected to result in a change of control of the Company, within the meaning of applicable securities laws and the policies of the Canadian Securities Exchange.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Vinergy Capital Inc.
Alnoor Nathoo, Chairman of the Board
Email: [email protected]
Cautionary Statement Regarding “Forward-Looking” Information
The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by law. By its very nature, such forward-looking information requires the Company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity, and achievements to differ materially from those expressed or implied by such information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/81359
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This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
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This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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