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Blackmoon Forges Multiple Strategic Partnership to Build New Investable ETx’s

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Blackmoon Financial Group, a blockchain Financial Service and Fintech firm announces multiple partnerships with reputable firms which include of Daneel.io,  Plato Technologies Inc., Dr. Werner & Partner, Jarvis International Ltd., Rivver and FintechSauce. The strategic partnerships serve to assist in the creation of branded Exchange Traded Indexes (ETx).

The new partnerships between Blackmoon and these firms will enable them to work very closely together to create a showcase of investable ETx’s that track the performance of a multitude of products, services and sentiment indexes that these firms offer.

Firms partnering with Blackmoon have an advantage over their competitors as they are able to further monetize their offering by making it an investable product.

For example, the partnership with Daneel allows the firm to turn their already successful sentiment API into a feed for an investible ETx, therefore, allowing investors to invest in the hype (or lack thereof) of a particular set of cryptocurrencies.

“As soon as we met in Malta Blockchain Summit, we were directly aligned with market expectations and the collaboration was the logical next step, we are eager to see how investors will react to this new kind of indices made possible by the AI,”  said Harold Kinet, Head of Communication at Daneel.

Fintechsauce will roll out a few ETx’s with Blackmoon whose goal will be to create investable ETx’s that track FintechSauce’s investable products.

“In order to succeed in almost any project, you need reliable partners. FintechSauce has been working closely with our clients to be the best financial advisors for them. And now, we are excited about finding the right partner for our business, Blackmoon. With their help, we are creating investment products that will bring financial success to people that believe in us,”  said Anastasia Nizhegorodtceva, Associate Director of FintechSauce

On the other hand, the ETx developed with Rivver will track their issued digital assets in real time.

“We are very excited to be collaborating with Blackmoon. Blackmoon’s innovative ETx approach is unique and necessary for the digitized securities ecosystem and we are very happy to be able to offer this added value to our clients,”  said David Benizri, CEO of Rivver

Jarvis Exchange’s ETx tracks the performance of a variety coin sets such as “most-traded” and “most-volatile” on the Jarvis Exchange.

We are very excited to partner with Blackmoon. It is always nice to find companies that share our belief in the collaborative genius. The ETx represent unique investment opportunities. We are happy to bring more value to our users as ETx enhance our offering, and to reveal Blackmoon value proposition to thousands of investors and traders, said Pascal Tallarida, Founder & CEO of Jarvis

Furthermore, Plato’s “On-the-fly” ETx’s aim to provide investors with direct access to Plato’s real-time strategies.

“We are really excited about what this partnership means in terms of driving institutional crypto adoption while supporting full compliance across an entire basket of proprietary crypto indexes,” said Bryan Feinberg, CEO of Plato

Dr. Werner & Partner’s ETx, on the other hand, will give investors direct access to Dr Werner & Partner’ client base.

“The partnership with Blackmoon will enable us to extend our (already advanced) crypto advisory services with security token offerings. The amount of interest for that sector is overwhelming and together with Blackmoon we will provide a state-of-the-art-service, that will enable the right client to launch an STO from A-Z,” said Philipp Sauerborn, a senior employee at Dr Werner & Partner

Blackmoon is still working on more partnerships and will announce them as they happen.

Solving the problem of liquidity

Knowing that one can liquidate his or her investment without an impact on price, is a key risk-metric to any and all investment decisions. An STO that supports a thriving and liquid market, immediately increases its perceived value, even if its product, bottom-line or management is not as high a quality as its competitors.  The liquidity of the marketplace defines the risk for an investor and the success of the issuer.  Without the ease of execution and liquidity, any STO will have limited success, if any at all.

Introducing Blackmoon’s Exchange Traded Indexes (ETx)

Blockchain technology may be a better alternative to raise capital from investors.  However, price discovery and trading liquidity also require the inclusion of speculators.  The ETx that Blackmoon issues on behalf of its partners’ brands incentivise traders and speculators to take the risk in the market, by offering them a fungible financial product to arbitrage for profit – further adding bids and offers to an STO that would otherwise not exist – effectively creating a balanced and stable price.

We have seen a surge of interest from firms around the globe, from a variety of sectors, seeking to partner with us specifically to form an investable ETx for them and we are glad that we can fulfil this need. The relationships are mutually beneficial and this serves as the strongest foundation for a long-lasting relationship, said Moshe Joshua, Chief Product Officer at Blackmoon

The strategic partnership with Daneel is one of many that Blackmoon intends to form over the coming months. Their ultimate goal will be to have an entire suite of innovative ETx’s to offer their own clients as well as those of their partners.

Fintech PR

Sleep interiors brand gets job offer from Peter Jones despite not securing investment in Dragons Den

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LONDON, March 29, 2024 /PRNewswire/ — Tonight on BBC1, REMY founder Abeer Iqbal, entered the Den, and despite intense grilling and no investment, left with a six-figure job offer from Peter Jones

Abeer’s pitch began with the Dragon’s keen to experience his sleep-enhancing furniture. When Steven and Peter laid on his hero  ‘The Pod’, a reinvention of the beanbag, and under REMY’s best-selling ‘The Lounger’ weighted blankets, the dragons closed their eyes and pretended to snore. Which was ironic, as despite being told he’d enter the Den around 5pm, Abeer actually went in at 9.30pm, after the dragons had been receiving pitches since early that day, which to Abeer’s own admission “wasn’t easy”. Deborah Meaden said, “This might have been a fatal mistake to put your dragons to sleep before we start the pitch” – recognising that it had been a long day.

After 10+ years working in tech, helping multi-million pound businesses grow their empire at software giants like Shopify, Abeer experienced burn-out, which led him to develop REMY. Despite Abeer telling the dragons that he left the high-pressure industry due to stress and anxiety Peter Jones still offered him a job back in the rat race with a six-figure sum (which he still hasn’t taken). 

After leaving the Den, Abeer admitted feeling the “most anxious ever” and that he “just wanted to get back to his wife for a hug”.  Abeer shared, “I didn’t sleep for days, replaying every moment in my mind. I wanted to forget it.” But it’s not all bad, as Abeer explains, “the anxiety I experienced from the Den gave me a lightbulb moment and led me to create our most popular product yet – The Hugger Pillow. I needed a hug, so I created one”. 

Abeer continues, “I returned the next day to collect my items from the studio. I bumped into a fresh-faced Peter and Toukar in the carpark, they both praised my experience, Peter once again offered me a job and Toukar asked me to call him when I start the next business.”

The global ‘sleep economy’ is booming, projected to reach a record high of $585 billion this year. But Abeer felt he was unable to communicate this, “If I could have my time again, I would focus on the industry of Rest and Sleep rather than the specific products we were trying to innovate. I don’t think I articulated to the Dragon’s the size of the business opportunity that there is with REMY. In terms of what’s next, we are moving towards becoming a household name in rest and sleep but offering products in multiple categories.”

The Dragon that seemed to understand Abeer’s passion for this industry was Sara Davies, saying “I actually fundamentally don’t agree with what I’ve heard here. What I see in front of me, yes he is great at the e-commerce side of things but he gave up a career in corporate because he was passionate about this area. And if there’s one thing I know about business it’s that you will succeed when you pursue the thing you are passionate about. I wouldn’t discourage you to give up. Keep doing it and good luck. I think you could sell anything”.

You can watch Abeer Iqbal on Dragons’ Den on BBC iPlayer.

remysleep.com / @WEAREREMY

Photo – https://mma.prnewswire.com/media/2374872/REMY_Sleep_1.jpg

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Bitrue Coin (BTR) Analyzes User Behavior and Announces Upcoming Developments to Enhance Utility

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SINGAPORE, March 29, 2024 /PRNewswire/ — Bitrue, a leading cryptocurrency exchange serving over 10 million users globally, announces a focus on user behavior analysis to further develop the utility of its native token, Bitrue Coin (BTR).

“Understanding how our users interact with BTR is crucial for its continued growth,” states Robert Quartly-Janeiro, Chief Strategy Officer of Bitrue. “This analysis will guide upcoming developments that enhance the value proposition of BTR within the Bitrue ecosystem.”

The announcement follows a recent surge in interest surrounding exchange tokens, and digital assets used to pay for services to unlock benefits within specific cryptocurrency exchanges. Currently, BTR offers a compelling range of benefits to Bitrue users, including:

  • Reduced Trading Fees: BTR holders enjoy lower trading fees on the Bitrue exchange, incentivizing active participation in the platform’s marketplace.
  • Governance Voting Rights: BTR grants voting rights on select new listings, allowing users to influence the direction of the Bitrue platform.
  • Staking Opportunities: BTR holders can stake their tokens to earn passive rewards, providing an additional avenue for generating income within the Bitrue ecosystem.
  • Exclusive Airdrop Potential: BTR holders may be eligible for airdrops of new tokens listed on the Bitrue exchange, offering the chance to discover promising crypto projects early.
  • VIP Investment Caps: BTR unlocks higher investment caps for certain cryptocurrencies on the Bitrue platform, catering to high-volume investors.

“BTR already plays a multifaceted role in the Bitrue experience,” Quarterly-Janeiro continues. “By strategically expanding its utility based on user behavior analysis, we aim to solidify BTR’s position within the exchange token market and elevate its value proposition for our user base.”

The specific developments based on user behavior analysis are not disclosed at this time. However, Bitrue assures its users of continued transparency and will share details in due course.

Media Contact: Lily Ho, [email protected]

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Affordability, customisation and convenience: Term plans from India become more attractive and accessible for NRIs

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Term insurance from India emerges as preferred choice for NRIs seeking affordability and convenience

DUBAI, UAE, March 29, 2024 /PRNewswire/ — Policybazaar, India’s leading online insurance marketplace, is witnessing a significant increase in non-resident Indians (NRIs) choosing term insurance from India via its platform. This surge is driven by the unparalleled ease, affordability and accessibility offered by the Indian insurance market. While several factors contribute to the growing interest in term insurance in India, affordability and convenience stand out as primary reasons. The demand among the 18-60 age group has seen an impressive 130% year-on-year growth, with India emerging as the preferred choice for NRIs.

The surge in demand from NRIs can be credited to several standout features and benefits. Term policies from India cost up to 30-50% less for NRIs residing in the UAE and Singapore. Additionally, policies with coverage of up to INR 5 crores can be easily obtained with tele-medical check-ups from India, eliminating the need for physical visits. Unlike some countries with restricted policy terms and coverage, Indian term plans offer coverage for longer duration, extending up to 99 years.

Sarbvir Singh, Joint Group CEO, Policybazaar, states, “We are witnessing exponential growth in term insurance purchases from NRIs, particularly from the Gulf nations and Singapore. Policybazaar has focused its efforts on expanding term insurance protection in both Indian and overseas markets. The unmatched benefits offered by India, including competitive pricing, larger covers, and streamlined processing through video/tele medicals, are significant contributors to this demand. It is heartening to see NRIs realizing the importance of securing their dependents’ future and choosing Indian term insurance policies.”

Term Insurance for a 35 year old male, non-smoker
Policy term – 30 years

Country

India

UAE

Cover Amount

INR 2 Cr / AED 881 K

AED 900 K

Max Cover Upto

99 years

80 years

Premium in AED

AED 977.8

AED 1,539

Premium in INR

INR 22,193.00

INR 34,892.00

Free Add-ons

Early Payout on Terminal Illness + Waiver of Premium

Price Benefit

36% cheaper in India

Source: Policybazaar.com

NRIs are also eligible for 18% GST exemption* upon purchasing term insurance plans from India, when paying via their NRE accounts. This attractive pricing, along with the availability of longer-term plans, has led to a rise in demand among NRIs, especially from Gulf nations, where 65% of term insurance buyers hail from, with the UAE alone contributing 35%.

Rhishabh Garg, Head of Term Insurance at Policybazaar, adds, “The evolution in the Indian term insurance industry is marked by innovative offerings designed to meet the distinct needs of consumers overseas. The consumer-centric features in term plans from India are increasingly appealing to NRIs, which include return of premium at no extra cost, early pay-outs for terminal illness, premium waivers for permanent disability, and immediate pay-out of up to INR 2 lakhs on claim intimation for immediate obituary expenses.”

The accessibility of these plans is further enhanced through seamless processing for NRIs, whose average annual income exceeds INR 35 lakhs. Insurers now also offer a sum assured of up to 5 crores, ensuring adequate coverage based on Human Life Value (HLV) calculations. NRIs can also leverage Policybazaar’s search and comparison engine to browse the best suitable plans as per their needs and preferences.

With a commitment to providing comprehensive coverage and protection, Policybazaar continues to redefine the landscape of term insurance for NRIs, empowering them to secure their loved one’s future with peace of mind. As NRIs continue to seek comprehensive coverage and value-driven solutions, Policybazaar remains dedicated to delivering innovative term insurance products and services tailored to their evolving needs.

*Tax benefits are subject to change in tax laws

About Policybazaar.com

Policybazaar.com is one of India’s largest insurance marketplace. It is the flagship platform of PB Fintech, which owns the fintech brand, Paisabazaar.com, and lending & insurance marketplace in the UAE region, Policybazaar.ae. Policybazaar.com started with the purpose to educate people on insurance products and with its offerings has addressed the large and highly underpenetrated online insurance markets.

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