Vinergy Capital, Inc., a capital allocator for high growth and high impact public sectors, is announcing that it is having the commencement for negotiation. The initial acquisition is contemplating a 25% equity position with an American FinTech Company, exercising control over the Intellectual property, along with licensing rights and operational ownership of the CoinTraders app and www.cointraders.io. The company is now developing the International Crypto Exchange for operating from the Bahamas. At the same time, it is having a full operational launch during Q3 2021. The platform is going for the launch, which is going to onboard with non-US investors and list Cryptocurrency and the Utility Tokens on the exchange.
- It is fully featuring the exchange order book, which is allowing users to trade cryptocurrency. It is coming up with utility tokens, along with blockchain-backed with security tokens.
- The trades are instantaneously settled against the industry standard with a 2-day clearing period.
- 24/7 trading with the markets with no commissions
- Very fast and easy KYC with onboarding
- No deposit or withdrawal limits
- High performance with 10M of Transactions per second
- Much intuitive and user-friendly interface, which are available on iOS and android
- Proper security
“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 the Vinergy CEO, Todd Violette. He further added, “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.”
The consideration for the purchase of 25% of equity ownership is going to issue Vinergy with up to 5000000 common shares. Also, it is going to issue cash payments with up to USD 500000. In conjunction with the closure of the investment, Vinergy is also going to pay for the finder’s fee to the arm’s length of the party. All securities in connection with the investment in Vinergy are going to be subject to a four-month and one day of statutory hold.
The completion of the investment is subjected to various conditions. However, it is not limited to the completion due to diligence and negotiation of the definitive documentation. Also, it is including the required regulatory approvals. The proposed investment is not expected to constitute a fundamental change for the company. Also, it is not expecting to result in a change in the control of the company within the applicable security laws and policies.