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BANKEX opens the way to get citizenship via cryptocurrency investment

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BANKEX opens the way to get citizenship via cryptocurrency investment
Source: Bankex

30 July 2018, New York- BANKEX,  in association with the MIGRONIS KFT immigration company, the MDL Legal Services PLLC law firm, and in cooperation with the Designated Agency of Vanuatu, has launched a new service which allows persons applying for the Vanuatu citizenship-by-investment program to make the required investment for citizenship via cryptocurrency (Bitcoin or Ether).

Professionals from different companies and countries were involved in the project that designed and implemented the new service for the Vanuatu Economic Citizenship Program. Meanwhile, some Caribbean states are also considering the possibility of accommodating cryptocurrencies and blockchain technology in their CIPs.

BANKEX hopes to further strengthen confidence and trust in the cooperation with the Vanuatu state agency, as well as to present the solution to potential partners in the Caribbean. In addition to the CIP-adopted cryptocurrency payment systems, BANKEX can provide modern integrations of asset tokenization systems, the use of smart contracts in civil turnover, and other solutions for the digital economy.

Along with the technical implementation of the “second citizenship for cryptocurrency” project, BANKEX hopes to provide Caribbean countries assistance in designing relevant legislation for a quicker adaptation to new market trends.

The recent increase of the value of cryptocurrencies creates a new generation of investors and opens up a whole new market for residency- and citizenship-by-investment schemes. The opportunity to obtain a new passport from an independent island nation by using cryptocurrency as a payment method has never been more attractive for everyone involved.

About BANKEX

BANKEX is a global fintech company that operates a Proof-of-Asset Protocol to bring Bank-as-a-Service (BaaS) and blockchain together and facilitates the digitization, tokenization & exchange of traditional assets.

BANKEX`s end-to-end ecosystem bridges the gap between the emerging blockchain sector and the traditional finance industry with innovative IT solutions.



BANKEX leading technologies include the Proof of Asset Protocol for tokenization, the Plazma Protocol, BANKEX Scan, BANKEX Smart Justice, BANKEX Trust Service and Tokenization engine.

For more information, click here.

 





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Press Release

Ampleforth [AMPL] To Conduct First IEO on BitFinex and Ethfinex’s Blockchain Project Launch Platform, Tokinex, in June

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Ampleforth [AMPL] To Conduct First IEO on BitFinex and Ethfinex’s Blockchain Project Launch Platform, Tokinex, in June
Source: Pixabay

Ampleforth expected ticker symbol AMPL, announced today it will be the first initial exchange offering to be conducted on Bitfinex&Ethfinex’s token project launch platform, Tokinex.

Ampleforth’s whitepaper, co-authored by Manuel Ricon Cruz, a researcher at the Hoover Institute, introduces the Ampleforth protocol. Further context for understanding the implications of AMPL as a new type of synthetic commodity and economic theory is provided in the accompanying Red Book.

The appeal of digital assets like Bitcoin is that they are uncorrelated with traditional asset groups. But, among large-cap digital assets, there is a high degree of non-diversifiable risk and the price volatility of most cryptocurrencies mimic that of Bitcoin.

Evan Kuo, CEO, and founder of Ampleforth said, 

“We see Amples as having a near-term utility that naturally dovetails into a much bigger vision, and I can’t wait to see it unfold. The Bitfinex and Ethfinex user communities are among the best in the industry, and we are excited to work alongside the Tokinex team for Amples’ exchange debut.”

Ampleforth’s protocol receives exchange-rate information from trusted oracles and propagates that to holders of Amples by proportionally increasing or decreasing the number of tokens each individual holds according to the magnitude of the exchange rate fluctuations over the previous 24 hrs.

For traders, these changes in the exchange rate and quantity translate into changes in Ample’s market capitalization. Ultimately, unique trader behavior in response to the protocol’s incentives is expected to produce an asset price with lower correlation to Bitcoin than other digital assets.

Jean-Louis van der Velde, CEO at Bitfinex, stated 

“The Ampleforth project is fascinating to us with its refreshing vision to become a unique digital asset and serve as a potential future reserve currency. We believe it can provide a unique volatility profile, uncorrelated to other digital and traditional assets. This uncharted territory makes Ampleforth, and the team behind it, the perfect first project to list on Tokinex and we are excited to provide an opportunity for the community to be a part of it.”

Paul Veradittakit of Pantera Capital said,

“Ampleforth is interesting because there’s not another asset like it, so it will likely not be correlated with other large-cap cryptocurrencies. With more traders and enthusiasts entering the ecosystem since the last rise, there needs to be an option like AMPLs, which could reduce the risk for the entire space, and potentially attract more institutional interest.”

About Ampleforth

Ampleforth is a digital asset protocol for smart commodity-money funded by Brian Armstrong, True Ventures, Pantera Capital, and Slow Ventures. For more information, please visit our website.

About Tokinex

Launched in May 2019, Tokinex is the IEO platform of Bitfinex and Ethfinex that brings fair opportunity to participate in curated token projects. It gives qualified participants the chance to contribute to pre-vetted token sales directly from their personal wallet through common crypto assets, and with no personal data or funds held by the exchange.



Tokinex uniquely does not require tokens to pay an upfront fee for listing and following a successful capital raise are subsequently listed on the two exchanges as permitted by applicable law.

For further information please contact.





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