Fintech PR
Can New Bitcoin BSC Repeat the Bitcoin Price Move from $1 to $30,000 And Mint More Millionaires?
NEW YORK, Sept. 15, 2023 /PRNewswire/ — If you had bought $100 of Bitcoin in 2011, it would have been worth $3m when BTC was trading at $30,000 earlier this year – could Bitcoin BSC ($BTCBSC – bitcoinbsc.io) repeat that feat?
Crypto investors certainly think so, which explains why the ‘Bitcoin on BNB Smart Chain’ staking crypto asset has raised more than $2 million in less than two weeks as its presale races toward the finish line of $3.96 million.
Currently priced at just $0.99 in presale – roughly the price Bitcoin was at in 2011 – Bitcoin BSC has a much better risk-reward profile for potential investors than Bitcoin, not to mention the staking yield that generates an income stream to buttress capital returns.
To be sure not to miss out on the presale alpha opportunities and the listing, which could be next week, follow the project’s X (formerly Twitter) account and join the Telegram group.
Behind the headlines about ‘crypto winter’ which followed failing crypto banks and exchanges, Bitcoin is actually looking in pretty good shape, and so are the Bitcoin derivative and clone coins that seek to provide a value differential over the original offering.
Bitcoin BSC, like Bitcoin, has a total supply of 21 million tokens. However, unlike Bitcoin, it runs on a proof-of-stake network, the BNB Smart Chain, which is a cheaper and more efficient blockchain.
The latest Bitcoin alternative coin has something else going for it that Bitcoin doesn’t – staking built in by design.
If you buy Bitcoin BSC today with BNB, you can start staking and earning yield. Token buyers have jumped at the chance to start locking in passive income. So over 1,000,000 $BTCBSC has been staked and is currently earning an annual percentage yield (APY) of 268%.
The current staked tokens amounts to almost half of the total number of sold $BTCBSC to date.
Often when you see an APY in triple figures, it can ring alarm bells given the huge spread it represents over the current interest rate levels in the advanced economies, which are in single figures.
Everything is transparent with Bitcoin BSC, which means you can keep tabs on how many token holders are staking by visiting the real-time Bitcoin BSC staking dashboard.
In addition, the project’s smart contracts are audited, and a guarantee of locked liquidity has been provided by the team for when it is listed on the Uniswap decentralized exchange (DEX).
With $BTCBSC, there is no impenetrable and opaque algorithm-based financial engineering built on rickety foundations like Terra Luna. Instead, Bitcoin BSC has allocated 69% of token supply to be paid out in rewards to stakers.
The pre-mined $BTCBSC tokens are emitted at a rate of 0.25 $BTCBSC per block in a block production schedule that mimics Bitcoin by rolling time back to 2011.
$BTCBSC rewards are paid out every 10 minutes in a similar fashion to the Bitcoin blockchain.
Bitcoin BSC is part of a new wave of derivative clone coins into the bitcoin space, drawing on the version 2.0 theme but, in this case, also leveraging the utility of staking.
These staking-based bitcoin clone coins come to market with the added security of buyers knowing that they come with a sizeable portion of the token-holding community already committed to the project through their deposits into its staking smart contract.
This means when the token launches on decentralized exchanges, there will be far less selling pressure due to the yield-bearing presence of staking at the heart of its tokenomics.
Staked coins have a seven-day withdrawal lock, after which tokens can be taken off stake at any time. Those who initiate stakes after $BTCBSC is listed will be able to stake their tokens regardless of whether they have bought with BNB or ETH. But if you wish to initiate staking while the presale is still in progress, then you must purchase with BNB.
Staking makes offerings like Bitcoin BSC far superior to the utility-light meme coin version 2 clones such as Pepe 2.0, Dogecoin 2.0, Shiba Inu 2.0, or even the likes of Bitcoin 2.0, whose only resemblance to bitcoin was in the name of the token.
Then there are coins such as HarryPotterObamaSonic10Inu (HPOS10I) that uses the ticker BITCOIN on DEXs – although most centralized exchanges refuse to allow it to use it. It does not have a 21 million supply and is really a meme coin take on Bitcoin with zero utility.
Nevertheless, as a meme coin that has achieved a level of virality, HPOS10I has attracted substantial interest, providing an example of the power of ‘bitcoin’ brand name recognition. From launch to peak, HPOS10I has returned 66,000% for early investors, provided they sold at the top.
But Bitcoin BSC is looking to play at the more serious end of the spectrum, where coins such as Bitcoin Cash and Bitcoin SV have attracted considerable attention as alternatives to Bitcoin.
However, these assets are forks from the original blockchain and carry all the baggage and complications that come with that, such as maintaining and developing the protocol.
Still, Bitcoin Cash was the earliest such fork if we exclude Litecoin, and although it is some way off its highs, it has nevertheless been able to outperform Bitcoin in recent weeks.
Then there’s BTC20 coin which launched a little over a month ago and also compares favorably to Bitcoin. While bitcoin has slid, at one stage slipping under $25,000 earlier this week, BTC20 has not only stayed in the green, it has been earning yield for its stakers.
While Bitcoin is down 7.3% in the past 30 days, BTC20 is up 14% on its list price of $1. Bitcoin Cash is up 4.5% in the past month, also outperforming Bitcoin.
We should also add that in the case of BTC20, shortly after listing, it reached an all-time high of $5.9 for a 6x return for presale investors.
Although some of the comparative returns cited above may not feel particularly spectacular by crypto volatility standards, savvy investors who have been around the block will be aware of the improving fundamentals for Bitcoin and how clone coins with better risk-reward potential, like Bitcoin BSC, are likely to benefit in an outsized way.
Joe Parys Crypto YouTube channel, with 300k-plus subscribers, is tipping $BTCBSC as one of five Bitcoin alternatives to see a price explosion.
Another crypto YouTube analyst has invested $840 into BTCBSC, attracted by the APY as well as the token price appreciation potential.
Bitcoin block rewards are due for their four-yearly halving in April 2024, and if past performance is a guide, the coin is on the cusp of yet another bull run. Each previous halving cycle bull run has seen bitcoin hit higher highs.
Aligning with that view, Pantera Capital predicts that the next cycle will be no different. The crypto asset manager reckons bitcoin will retrace back to $36,000 by the end of this year and surge to around $147k in the next halving cycle.
True to form, bitcoin derivative coins will be among the leading beneficiaries of the halving cycle bull run, likely to outpace many other altcoins.
Institutions and savvy investors have started accumulating Bitcoin in readiness for the next bull run.
Aside from the halving, the prospect of a spot Bitcoin ETF and the flood of new money – retail and institutional – that will flow into the Bitcoin and broader crypto market as a result, means the next altcoin season threatens to be the mother of all melt ups.
Do your own research, but it probably makes sense to get ready for the upturn by adding some low-cap sparkle to your portfolio.
A relatively modest allocation now to Bitcoin BSC could turn into 5x or even 100x gains very quickly, and in the near future, as we go into the halving cycle, life-changing profits could be on the table.
If you think digital currencies like Bitcoin are the future but missed out the first time around, then Bitcoin BSC provides a rare opportunity to grab a slice of the action before the bulls start rampaging.
You can buy $BTCBSC today with BNB, ETH or USDT. The minimum purchase amount is $10. Buy with BNB if you want to start staking straightaway before the presale ends. Those who choose to buy with ETH can start staking as soon as the presale ends.
Media contact: [email protected]
Website: bitcoinbsc.io
Social Channels: Twitter | Telegram Community
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View original content:https://www.prnewswire.co.uk/news-releases/can-new-bitcoin-bsc-coin-repeat-the-bitcoin-price-move-from-1-to-30-000-and-mint-more-millionaires-301929400.html
NEW YORK, Sept. 28, 2023 /PRNewswire/ — Phoenix Tower International, LLC (“PTI”), through its Spanish subsidiary (PTI Iberica V, S.A.) announced today that it has closed a new €1.2 billion senior credit facility in Europe to consolidate its existing loans and provide substantial additional capacity to support further growth both in existing and new markets in Europe.
The transaction comprised of the following senior secured facilities: (i) a €700 million term loan, (ii) a €400 million delayed draw term loan, (iii) a €50 million revolving credit facility, and (iv) a €50 million debt service reserve facility, all of which are due in September 2030 (7 years). Proceeds from the facilities will be used to: (i) repay existing indebtedness including related fees and expenses, (ii) fund capital expenditure requirements and acquisitions, including the recent acquisition of the French portfolio of wireless tower assets from Cellnex (1,226 sites hosting SFR), and (iii) fund working capital requirements.
“The multi-jurisdiction loan provides PTI with the flexibility to continue to grow our business across Europe with incremental liquidity available at our disposal. The financing will allow us to strengthen our commitment to the region, as we continue to construct and invest in digital infrastructure in markets that are experiencing a rising demand for connectivity and technological upgrades. We are excited to continue to expand our presence in Europe and deliver value-add infrastructure solutions to our customers”, said Dagan Kasavana, Chief Executive Officer of PTI.
“By providing a flexible financing covering multiple jurisdictions, PTI was able to simplify its capital structure, reduce pricing, and access incremental funds to support future growth. Raising €1.2 billion in the current market environment speaks to the strength of PTI’s business model and underscores the lender community’s appetite to support the expansion of digital connectivity. We are pleased to partner with such a strong lender group in this landmark transaction”, said Michael Bremer, Chief Financial Officer of PTI.
Natixis Corporate & Investment Banking (“Natixis”) acted as Structuring Bank. Natixis and Deutsche Bank AG acted as Lead Bookrunners and Mandated Lead Arrangers, ABN AMRO Bank N.V., ING Bank N.V., and Scotiabank (Ireland) Designated Activity Company acted as Mandated Lead Arrangers and Bookrunners, BNP Paribas and MUFG Bank acted as Mandated Lead Arrangers, and Citibank Europe PLC Dublin, Mizuho Bank Europe, and Toronto Dominion Bank acted as Participants. Natixis also acted as Facility Agent, Security Agent and Financial Modelling Bank, while ING Bank N.V. has been appointed as Sustainability Coordinator.
Freshfields Bruckhaus Deringer acted as external legal counsel of the company, and Allen & Overy acted as external legal counsel of the lenders.
About PTI
PTI, through its subsidiaries, owns and operates over 22,000 telecom towers throughout Europe, the United States, Latin America and the Caribbean. In Europe, PTI is present in several countries including France, Italy, Ireland, Malta and Cyprus.
PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across the world in high-growth markets. PTI’s investors include funds managed by Blackstone, Wren House and various members of the management team and is headquartered in Boca Raton, Florida. For more information, please visit www.phoenixintnl.com
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View original content:https://www.prnewswire.co.uk/news-releases/pti-secures-1-2-billion-multi-jurisdiction-transaction-301942407.html
Fintech PR
BranchOut Food Inc. Expands Partnership with EnWave Corporation. Increasing Manufacturing Capacity by an Additional ~$15mm Annually & Secures Additional Product Exclusivities.
BEND, Ore, Sept. 28, 2023 /PRNewswire/ — BranchOut Foods Inc. (NASDAQ: BOF), the global trailblazer in GentleDried natural snacks and superfood ingredients, is proud to announce a significant expansion of its partnership with EnWave Corporation (TSX-V: ENW | FSE: E4U). BranchOut has agreed to purchase a second large-scale, continuous throughput dehydration machine from Enwave. Under the terms of the new Equipment Purchase Agreement (the “Agreement”), the 120kW REV™ machine is slated for delivery to BranchOut in late calendar 2024 and will add an additional $15mm in estimated topline capacity.
Eric Healy, CEO of BranchOut Food Inc., emphasized, “We are confident that this increased capacity will align perfectly with our growth trajectory, especially in light of our recent commitments from major retailers and the substantial sales pipeline we have established.”
Enwave’s Radiant Energy Vacuum (REV™) technology and associated patent portfolio was previously licensed to BranchOut along with exclusivity for its original core products. Under the new Agreement, the product exclusives have been significantly expanded to encompass the new and innovative products BranchOut has recently developed and will be launching in the very near future.
About BranchOut Food Inc.: BranchOut is an international food-tech company delivering truly great natural snacks and real superfood ingredients enabled by their licensed dehydration technology. BranchOut Food is a leading provider of high-quality dehydrated fruit and vegetable-based products and its commitment to quality and innovation sets it apart as a trusted brand and private label supplier. For more information about BranchOut Food Inc. and its products, please visit www.branchoutfood.com.
About EnWave: EnWave Corporation stands as a global leader in vacuum microwave dehydration innovation and application. Operating from its headquarters in Vancouver, BC, EnWave boasts an impressive intellectual property portfolio and has refined its Radiant Energy Vacuum (REV™) technology into a proven, consistent, and scalable drying solution. This revolutionary technology outperforms traditional drying methods in terms of efficiency, capacity, product quality, and cost.
Media Contact:
BranchOut Food Inc.
Email: [email protected]
Fintech PR
SIGMA Financial AI unveils Akili-AI: Cutting-Edge, AI-based, no-code suite of tools for traders
– Augments trader’s interactions and transforms decision-making capabilities
– Handles the full extent of structured to unstructured financial data
– Mitigates portfolio exposure risk and accelerates speed to market
LONDON, Sept. 28, 2023 /PRNewswire/ — SIGMA Financial AI, an innovator in developing AI-driven trading solutions, launches Akili-AI*, a sophisticated suite of enterprise-ready trading strategy tools. Akili-AI is a cutting-edge, no-code solution enabling data-driven insights to support the specialist needs of the global financial services trading community.
Akili-AI incorporates machine learning (ML) and natural language processing (NLP) to deliver agile tools which are more intelligent, faster and easier to use, enabling traders to create strategies at a scale and speed unachievable without AI support. Completely asset-class and instrument-agnostic, the Akili-AI system streams real-time trading data, allowing users to screen, test and design complex trading strategies promptly.
Their SaaS-based Pattern matching platform (Patterns as a Service) helps traders monitor thousands of instruments in real-time, scanning charts for momentum changes, technical signals, support, and resistance zones. The NLP research function supports fundamental and technical qualifications from thousands of news, social media and traders’ data. Akili-AI’s flexible modular architecture, built using modern protocols, is cloud-based and scales to support the largest trading enterprises.
Andy Simpson, Co-founder and CEO, commented, “Traders are having to cope with a constant squeeze on their book; this, combined with a huge increase in data volumes, has created the need for transformative solutions which can help them find an edge. They need the ability to find new liquidity fast, enhance their trade execution capabilities, and reduce portfolio risk; Akili-AI can deliver all this at a lower cost point and faster than ever.”
“Akili-AI transforms market interaction and improves productivity by liberating traders from the constraints imposed by long-established, outdated working practices and legacy technology infrastructures. Accelerated speed to market is crucial in an industry where every second counts. Our mission is to provide AI-based solutions which enhance the human experience – not replace them – helping to generate more revenue and increased profitability,” Andy continued.
Rob Maunder, Co-founder and Chief Commercial Officer, said, “Our pioneering and creative team is an unusual blend of deep financial services experience, phenomenal engineering and world-class AI technologists who bring an unrivalled track record of developing new platforms at pace. We break the mould by delivering incredible engineering of low-latency, highly scalable systems drawing on more than a decade of generative AI experience in the social media and music industries.”
Andy concluded, “Akili-AI is the start of a refreshingly different journey of technological change; watch this space. There is much more to come.”
Akili-Ai will be showcased in the Innovators Pavilion at the FIA’s Futures and Options Expo on October 2-3, 2023 at the Sheraton Grand Chicago Riverwalk.
*Akili is the Swahili word for intelligence.
About SIGMA Financial AI:
We provide traders with a set of tools that are faster, smarter and easier to use. Our AI machine learning product suite unlocks trading opportunities through real-time analytics underpinned by world-leading, scalable, ultra-low latency architecture.
Note to Editors: For more information about SIGMA Financial AI, please visit www.sigmafinancial.ai.
View original content:https://www.prnewswire.co.uk/news-releases/sigma-financial-ai-unveils-akili-ai-cutting-edge-ai-based-no-code-suite-of-tools-for-traders-301941890.html
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