- Vinergy Capital, Inc. (VIN) has entered into negotiations for a 25 per cent equity position in an American FinTech company
- This fintech company owns the CoinTraders app and cointraders.io
- The company is currently developing the International Crypto Exchange to operate from the Bahamas and a full operational launch is planned for Q3 2021
- Vinergy’s goal is to solidify itself as a trusted online exchange that trades security tokens, cryptocurrencies, and utility tokens
- For its 25 per cent stake, Vinergy may issue up to 5,000,000 common shares and cash payments of up to US$500,000
- Upon completion of negotiations, Vinergy shareholders will be directed to the Apple App Store and Google Play to download the CoinTraders app
- Vinergy Capital Inc. (VIN) opened at C$0.21 per share
Vinergy Capital (VIN) has entered into negotiations for a 25 per cent equity position in an American FinTech company.
This fintech company controls the intellectual property, licensing rights, and operational ownership of the CoinTraders app and cointraders.io.
The company is currently developing the International Crypto Exchange to operate from the Bahamas and a full operational launch is planned for Q3 2021.
Upon launch, the CoinTraders app 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,” he continued.
In consideration of the 25 per cent equity ownership stake, Vinergy may issue up to 5,000,000 common shares and cash payments of up to US$500,000.
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 completion of due diligence, negotiation of definitive documentation, and the receipt of any required regulatory approvals.
Vinergy Capital Inc. (VIN) opened at C$0.21 per share.
