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Euroswap EDEX Presented the Team and Went Straight into the Main Development Phase

Published

2 years ago

December 6, 2021

Reading Time: 4 minutes

“We wanted to change Europe for a new digital world. The support of our project by so many people proves that Europe is ready to take this global step”. Austin Welsh – CEO & Co-Founder of EuroSwap EDEX

Vienna, Austria–(Newsfile Corp. – December 6, 2021) – Few crypto projects today are so punctual and responsible to their community. EuroSwap completed the very first stage of the project’s development, keeping its word on every step of progress. The final chord in the completion of Priority Session was the introduction of the project team. Getting to know the organizers, developers and top managers of the project was excellent. The EDEX leadership team was warmly received by the community.

The founder of the project was a Briton Austin Welsh, a graduate of the IET Engineering University in Britain, who worked at BACS, one of the largest financial companies in the United Kingdom. The company has been involved in the development of payment systems throughout the UK for about 50 years. This experience will certainly help in the development of the project, which is going to become a European “bridge” between crypto and the euro. Mr. Welsh reportedly developed his first digital program at the age of 13 – just a year older than Elon Musk did – and he hasn’t stopped building projects and companies since.

Mr. Welsh’s right-hand man is Frenchman Daniel Moreau, who is Chief Financial Officer and responsible for developing the commercial component of the EuroSwap EDEX project. According to the developers, the project was initially supposed to be just another decentralized exchange with a small advantage over competitors. But it was Daniel who proposed to create the first DEX with the connection of the euro fiat gateway. Since then, the project has evolved into a digital phenomenon. With a background in banking with technology & telecoms clients, Daniel is leveraging his experience to set the financial strategic objectives for EuroSwap next phases of growth.

Swedish Nathan Pierson is responsible for global marketing. Nathan is a seasoned blockchain marketing professional, as well as a crypto enthusiast and trader since early 2017. Coming from another Layer 1 DeFi project, Nathan brings a wealth of knowledge on the marketing trends in the space.

The presentation shows that the EuroSwap team is international, drawn from many European countries. This adds to the project a global vision and makes EDEX a truly large-scale European DEX exchange with a link to the euro.

The journey of the Priority Session phase

The public development of the EuroSwap EDEX project began a month ago on November 06, 2021. Everything began with the fact that the developers made publicly available a fully working technology of the EDEX smart contract, which will form the basis of the future DEX technology. The team did all the necessary tests on the BSC network and submitted the technology to the audit companies. The project expects an audit decision in very early 2022, and that will be another big confidence boost. In the first weeks, the project submitted a test Swap to exchange the first BUSD / EDEX pair. This further confirmed the technology’s readiness to process smart contracts.

After the MVP of the project was submitted, the developers started to raise investments for further development. In fact, they launched a startup on the ready-made BSC contract system and invited the so-called Business Angels – participants of the project’s early venture investment stage – to participate in the project. The investors were offered favorable conditions for participation, as well as large shares of EDEX digital bonds, which guaranteed participation in the company’s profits. Thus, the EDEX project attracted more than 500 Business Angels in just one month.

EuroSwap created information zones on the majority of media platforms: Telegram, Twitter, YouTube, Medium, Reddit. The project ran a large-scale promotional campaign in major media outlets. It attracted the attention of hundreds of thousands of Europeans, and about 10,000 subscribers already follow the project’s social networks.

EDEX starts a new stage of development with a huge speed

This weekend the Priority Session was finished and started the main stage of EDEX token distribution. Now the team will focus on improving the security and credibility of the project. They started the new phase by introducing the main members of the project team. And that decision opens the door for them to apply to be added to Coinmarketcap Calendars & CoinGecko lists. If EDEX appears on even one of these lists, it will mean that the project has undergone a rigorous compliance review by fundamental crypto market analysts.

The main argument in favor of early participation in the EuroSwap EDEX project can be the unique Early Staking with rewards of up to 150% p.a. This means that any EDEX token holder will be able to earn extra income even at the Early Staking stage. The developers state that this tool will be fully available as early as January 2022. Until then, the project is expected to see several more gradual price increases. At this stage, early transitions to the next phases of development are possible, if demand greatly exceeds supply. In total, less than 15% of the entire 746,000,000 EDEX token issue is allocated to EDEX Early Sale. About half of that volume has already been received by EuroSwap Business Angels.

Read more about EuroSwap EDEX:

Website: https://euroswap.io

Swap BUSD/EDEX: https://app.euroswap.io

Telegram: https://t.me/euroswap_io

Twitter: https://twitter.com/euroswap_io

Reddit: https://www.reddit.com/r/EuroSwap_EDEX/

Learn more about EDEX: https://beincrypto.com/euroswap-token-sale-bridge-between-euro-and-cryptocurrency/

Media Contact –
Name – Thomas Kindake
Email – [email protected]
Company – EuroSwap EDEX
Website – https://euroswap.io

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106839

Latest News

TerraPay and barq Set the Stage for Swift and Secure Cross-Border Transfers

Published

36 mins ago

May 17, 2024

Peter Tolan

barq, a fintech application, and TerraPay, a global money transfer company, have formed a strategic partnership to offer rapid and secure international money transfer services. This collaboration harnesses TerraPay’s expansive global payments network, aligning with barq’s objective of broadening its service portfolio to meet the increasing demands of the fintech sector.

TerraPay and barq Forge Alliance

The partnership is poised to strengthen barq’s capabilities in providing efficient financial services both domestically within Saudi Arabia and internationally. This development comes on the heels of barq obtaining a license from the Saudi Central Bank in January.

Ahmed Alenazi, CEO of barq, expressed his enthusiasm, stating: “We are thrilled to partner with TerraPay to enhance our international money transfer services. This collaboration underscores our commitment to innovation and ensuring customer satisfaction.”

Ani Sane, Co-Founder & Chief Business Officer at TerraPay, remarked: “This partnership is more than just another agreement; it exemplifies our dedication to supporting promising initiatives in Saudi Arabia like barq. Through this collaboration, we aim to deliver swift, efficient, and secure international money transfer services that adhere to global standards.”

Developed in Riyadh, barq is expected to make a significant impact on Saudi Arabia’s fintech landscape with its services, secure payment methods, and experienced team.

Ani Sane’s comments reflect the shared commitment of both companies to deliver high-quality financial services and contribute to the advancement of the fintech sector in Saudi Arabia.

Source: financemagnates.com

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Latest News

CUBE acquires global regulatory intelligence businesses from Thomson Reuters

Published

2 hours ago

May 17, 2024

CISION (PR Newswire)

LONDON, May 17, 2024 /PRNewswire/ — CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces today its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses.

The acquisition of these global businesses represents a major step forward in CUBE’s growth plans. It will deliver significant scale across many of the world’s leading and systemically important financial institutions. CUBE’s existing global customer base will be expanded to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries.

CUBE’s global employees will expand to 600, of which close to 250 are highly qualified regulatory subject matter experts, legal and compliance professionals.

Ben Richmond, founder and CEO of CUBE said: “Thomson Reuters is known to be the biggest and best in the industry for providing regulatory expert analysis and subject matter expertise, alongside world-leading journalism and news. The combination of CUBE’s purpose-built AI, with the years of content curated by Thomson Reuters Regulatory Intelligence and Oden expert analysts, will accelerate innovation. Together, we will deliver regulatory transformation capabilities for our global customers that could only have been imagined before.”

Richmond continues: “This combination will provide tremendous scale and depth across CUBE’s regulatory content and technology. It is a significant step toward creating an industry-defining regulatory compliance and risk platform that will benefit all customers and elevate the industry as a whole.”

Through this acquisition, CUBE will provide an expanded and comprehensive selection of specialized regulatory intelligence and regulatory change services, committed to excellence, quality, and highly contextualised and meaningful regulatory content for customers. By combining cutting-edge technology and subject matter expertise at scale CUBE will set a new bar for the industry in regulatory automation and content.

Chris Maguire, General Manager, Risk and Fraud, Corporates, Thomson Reuters said: “It was clear to us that CUBE had established itself as a leading regulatory intelligence provider for global enterprise clients in the financial services and insurance sectors. We wanted to ensure our customers and employees could work with an organisation that would continue to innovate and significantly invest in solutions like Thomson Reuters Regulatory Intelligence and Oden. We are working tirelessly to ensure a seamless and value-enhancing transition for customers and employees, and we are looking forward to working with the CUBE team during this transition.”

Christopher Fielding, Hg, said: “We’re delighted to further extend our market reach, bringing in two high quality and complementary global businesses to the CUBE platform.”

Thomas Martin, Hg, added: “We see these acquisitions as enabling further innovation in the regulatory intelligence and change management sector, leading to strengthened demand for these quality solutions across the globe.”

The terms of the transaction will not be disclosed.

About CUBE

CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.

With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.

Following the strategic partnership with Hg in March 2024, CUBE announced the acquisition of US-based Reg-Room in May 2024.

About Hg

Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.

This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.

With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with over 110,000 employees, consistently growing revenues at more than 20%.

About Regulatory Intelligence

Regulatory Intelligence is a proactive, connected, and comprehensive solution that tracks and analyses regulatory changes within ~2,000 regulatory bodies and rulebooks for more than 20 countries. It enables banking, financial services, and insurance (BFSI) sectors to manage exposure to operational, regulatory, and compliance risk.

About Oden

Oden State Rules and Regulations (SR&R), Oden Policy Terminator/Sentry PT, and OdenTrack provide repositories and automated solutions for complying with state rules and regulations on the provisioning of Personal and Business Insurance in the US.

View original content:https://www.prnewswire.co.uk/news-releases/cube-acquires-global-regulatory-intelligence-businesses-from-thomson-reuters-302147604.html

Latest News

Cortical.io and Swiss Re collaborate to transform insurance document processing

Published

3 hours ago

May 17, 2024

Peter Tolan

Cortical.io, renowned for its innovative artificial intelligence (AI) solutions, has teamed up with Swiss Re to advocate for the widespread adoption of intelligent document processing (IDP) among group insurance carriers, streamlining insurance operations.

Through this strategic partnership, Cortical.io’s cutting-edge IDP solution, SemanticPro, will be extended to Swiss Re’s clientele, aiming to expedite the intake process and enhance efficiency in quote preparation and policy comparison.

The intelligent extraction and classification capabilities offered by SemanticPro have demonstrated remarkable improvements in reducing review time and enhancing quote accuracy when compared to traditional manual processes.

This collaboration empowers Swiss Re to better assist its insurance clients by optimizing policy processing workflows, minimizing errors, reducing response times, and improving operational efficiencies.

Chris Howley, Head of Group Life & LTD Reinsurance & Vice President, Americas at Swiss Re, emphasized, “The insurance industry faces challenges with legacy systems, manual workflows, and fragmented data, hindering operational efficiency. Recognizing the need for automation and AI-driven tools to streamline processes and enhance efficiency, we identified Cortical.io as a standout among IDP vendors. Its ability to accurately process complex provisions and its user-friendly, no-code interface set it apart. We eagerly anticipate contributing to our clients’ business success through this collaboration.”

Hans-Peter Riecken, SVP North America at Cortical.io, added, “We are impressed by Swiss Re’s dedication to providing its clients with access to innovative technologies and deeply honored to have been selected to support them in delivering optimal value. It is incredibly rewarding to have our expertise in the insurance industry acknowledged by one of the sector’s leaders, and we are excited to offer Swiss Re’s clients the same benefits enjoyed by our own insurance customer base with Cortical.io SemanticPro.”

Source: fintech.global

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