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Euroswap EDEX Presented the Team and Went Straight into the Main Development Phase
“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
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Navigating the Evolution of AI: A Personal Journey
I have a longstanding relationship with AI, dating back to the 1980s when expert systems were in vogue. However, I steered clear of the AI winter by venturing into formal verification before ultimately finding my niche in networking in 1988.
Much like my colleague Larry Peterson, who treasures classics like the Pascal manual, I still hold onto a couple of AI books from the Eighties, including P. H. Winston’s “Artificial Intelligence” from 1984. Revisiting this book is a trip down memory lane, as its content remains surprisingly relevant today.
Winston’s insights shed light on the evolving landscape of AI, noting its integration into undergraduate computer science curricula and its regular coverage in reputable news magazines. However, defining AI proves to be a challenge, with Winston’s definition revolving around enabling computers to exhibit intelligence. Despite its circular nature, Winston outlines two primary goals of AI: making computers more useful and unraveling the principles behind intelligence.
The debate over the definition of AI persists, with some advocating for the term Artificial General Intelligence (AGI) to distinguish it from statistical models marketed as AI. However, AI has always encompassed a broad spectrum of computing techniques, many of which fall short of human-like intelligence.
In recent years, neural networks, once popular in the late 1980s, have made a resurgence, with deep learning revolutionizing fields like image recognition. However, the terminology surrounding AI systems, such as “deep learning,” can be misleading. While these networks improve with more training data, their learning process differs significantly from human cognition.
For instance, AlphaGo’s defeat by a human opponent employing an unconventional strategy highlights the inability of AI systems to adapt to novel situations. This disconnect between AI learning and human learning underscores the importance of language in shaping our perception of AI systems.
Despite recent skepticism and failures in AI, it’s crucial not to overlook its positive impact. Machine learning, a subset of AI, offers practical solutions to real-world problems, particularly in networking. From denial-of-service prevention to malware detection, machine learning algorithms play a vital role in addressing various networking challenges.
One noteworthy application of AI is its use by Network Rail in the UK to manage vegetation along railway lines through image recognition technology. While perhaps not as flashy as other AI advancements, it exemplifies the practical utility of AI in solving tangible problems.
In light of recent AI hype and criticism, I advocate for a nuanced approach, preferring the term “machine learning” when appropriate. By focusing on “making computers useful,” we can harness the potential of AI to address real-world challenges effectively.
Source: theregister.com
The post Practical Computing: Moving Beyond AI Hype for Real-world Utility appeared first on HIPTHER Alerts.
– Faster-than-anticipated close contributes to accretion and free cash flow benefit realization a year earlier than modeled
– As an Aon company, NFP will operate as an independent and connected platform delivering Risk Capital and Human Capital capabilities
– Enterprise value of $13.0 billion, including $7.0 billion cash and assumed liabilities as well as $6.0 billion in equity in the form of 19.0 million Aon shares
DUBLIN, April 25, 2024 /PRNewswire/ — Aon plc (NYSE: AON), a leading global professional services firm, announced today that it has completed the acquisition of NFP, a leading middle market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, from funds affiliated with NFP’s main capital sponsor, Madison Dearborn Partners (MDP), and funds affiliated with HPS Investment Partners for an enterprise value of $13.0 billion, including $7.0 billion cash and assumed liabilities1 as well as $6.0 billion in equity in the form of 19.0 million Aon shares.
“It is a historic day for our firm as we welcome NFP to Aon and work together to help clients address increasing volatility across risk and people issues,” said Greg Case, CEO of Aon. “With high performing teams and leading content and capability – further enabled by our Aon Business Services operating platform – we will create more value for our clients, while also enhancing long-term shareholder value creation for investors. This acquisition is another example of how we are going further, faster with our 3×3 Plan to accelerate our Aon United strategy and further enhance our relevance to clients.”
The acquisition of NFP expands Aon’s presence in the large and fast-growing middle-market segment, with more than 7,700 colleagues and capabilities across property and casualty brokerage, benefits consulting, wealth management and retirement plan advisory. As an Aon company, NFP will operate as an “independent and connected” platform delivering Risk Capital and Human Capital capabilities from across Aon and will continue to be led by NFP CEO Doug Hammond, reporting into Aon President Eric Andersen.
“The idea of being ‘independent and connected’ is key to how we will collaborate and create more options for clients across our Risk Capital and Human Capital capabilities,” said Andersen. “Doug and his team have built an exceptional client-centered business and we are focused on using our Aon Business Services platform to scale delivery of new capabilities to small and middle market clients across Aon and NFP.”
“With Aon’s acquisition of NFP now complete, we are starting an exciting new chapter in our company’s history,” said Doug Hammond, CEO of NFP. “We look forward to the positive impact that our complementary expertise and capabilities will have on all stakeholders. Aon’s diverse resources and global reach enhance our ability to serve the dynamic risk, workforce, wealth management and retirement needs of our clients. We remain focused on both advancing a culture colleagues want to be part of and working together to contribute to our collective growth and success.”
The faster-than-anticipated close date contributes to expected accretion and free cash flow benefit realization a year earlier than modeled at announcement. Aon will provide further updates on NFP and deal financials, along with the firm’s financial results, guidance, and outlook during its previously scheduled earnings call on April 26, 2024.
UBS Investment Bank served as the exclusive financial advisor to Aon on the transaction. Citi served as a financial advisor and is advising Aon on the transaction financing. Cravath, Swaine & Moore LLP and McDermott Will & Emery LLP acted as external legal counsel to Aon. Evercore acted as lead financial advisor with support from Barclays, BofA Securities, Inc., Deutsche Bank Securities Inc., Jefferies LLC and TD Securities to NFP. Skadden, Arps, Slate, Meagher & Flom LLP and Ropes & Gray LLP acted as external legal counsel to NFP, and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as external legal counsel to NFP’s capital sponsors.
About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries and sovereignties with the clarity and confidence to make better risk and people decisions that help protect and grow their businesses.
Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.
About NFP
NFP, an Aon company, is an organization of consultative advisors and problem solvers helping companies and individuals address their most significant risk, workforce, wealth management and retirement challenges. We are more than 7,700 colleagues in the US, Puerto Rico, Canada, UK and Ireland serving a diversity of clients, industries and communities. Our global capabilities, specialized expertise and customized solutions span property and casualty insurance, benefits, wealth management and retirement plan advisory. Together, we put people first, prioritize partnerships and continuously advance a culture we’re proud of. Visit https://www.nfp.com/ to learn more.
About Madison Dearborn Partners
Madison Dearborn Partners, LLC is a leading private equity investment firm based in Chicago. Since MDP’s formation in 1992, the firm has raised aggregate capital of more than $31 billion and has completed over 160 platform investments. MDP invests across four dedicated industry verticals, including basic industries; financial services; health care; and technology & government. For more information, please visit www.mdcp.com.
About HPS Investment Partners
HPS Investment Partners, LLC is a leading global, credit-focused alternative investment firm that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offers the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients, who have entrusted us with $111 billion of assets under management as of February 2024. For more information, please visit www.hpspartners.com.
Investor Contact
Aon
Leslie Follmer
+1 847 442 0622
[email protected]
Media Contacts
Aon
[email protected]
Toll-free (U.S., Canada and Puerto Rico): +1 833 751 8114
International: +1 312 381 3024
NFP
Josh Wozman
[email protected]
415.318.6441
Safe Harbor Statement
This communication contains certain statements related to future results, or states Aon’s intentions, beliefs and expectations or predictions for the future, all of which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results depending on a variety of factors. These forward-looking statements include information about possible or assumed future results of Aon’s operations. All statements, other than statements of historical facts, that address activities, events or developments that Aon expects or anticipates may occur in the future, including, without limitation, statements about the benefits of the acquisition, including future financial and operating results and synergies, Aon’s, NFP’s and the combined firm’s plans, objectives, expectations and intentions are forward-looking statements. Also, when Aon uses words such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “forecast”, “intend”, “looking forward”, “may”, “might”, “plan”, “potential”, “opportunity”, “commit”, “probably”, “project”, “should”, “will”, “would” or similar expressions, it is making forward-looking statements.
The following factors, among others, could cause actual results to differ materially from those set forth in or anticipated by the forward looking statements: adverse effects on the market price of Aon’s securities and on Aon’s operating results for any reason, the failure to realize the expected benefits of the acquisition (including anticipated revenue and growth synergies), the failure to effectively integrate the combined companies, changes in global, political, economic, business, competitive, market and regulatory forces, future exchange and interest rates, changes in tax laws, regulations, rates and policies, future business acquisitions or disposals, significant transaction and integration costs or difficulties in connection with the acquisition and/or unknown or inestimable liabilities, potential litigation associated with the acquisition, the potential impact of the consummation of the acquisition on relationships, including with suppliers, customers, employees and regulators, and general economic, business and political conditions (including any epidemic, pandemic or disease outbreak) that affect the combined companies.
Any or all of Aon’s forward-looking statements may turn out to be inaccurate, and there are no guarantees about Aon’s performance. The factors identified above are not exhaustive. Aon and its subsidiaries operate in a dynamic business environment in which new risks may emerge frequently. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. In addition, results for prior periods are not necessarily indicative of results that may be expected for any future period. Further information concerning Aon and its businesses, including factors that potentially could materially affect Aon’s financial results, is contained in Aon’s filings with the SEC. See Aon’s Annual Report on Form 10-K for the year ended December 31, 2023, and additional documents filed by Aon with the SEC for a further discussion of these and other risks and uncertainties applicable to Aon and its businesses. These factors may be revised or supplemented in subsequent reports filed with the SEC. Any forward-looking statements in this communication are based upon information available as of the date of this communication which, while believed to be true when made, may ultimately prove to be incorrect. Aon is not under, and expressly disclaims, any obligation to update or alter any forward-looking statement that it may make from time to time, whether as a result of new information, future events or otherwise.
No Offer or Solicitation
This communication is for information purposes only and is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the proposed acquisition or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made in the United States absent registration under the U.S. Securities Act or pursuant to an exemption from, or in a transaction not subject to, such registration requirements.
1 Total amount of cash consideration based on estimates of acquired cash.
Logo – https://mma.prnewswire.com/media/1632623/Aon_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/aon-completes-acquisition-of-nfp-to-bring-more-capability-to-clients-302127970.html
Nasdaq’s robust first-quarter performance underscores the increasing demand for its financial technology offerings. The notable upswing in revenue from its financial technology division and index business highlights the efficacy of its adaptable business model amid uncertain market conditions.
Although Nasdaq experienced a downturn in revenue from market services, particularly in U.S. equity derivatives and cash equities, the overall growth in its solutions sector, encompassing index and financial technology products, substantially boosted its net revenue.
The company’s strategic diversification beyond conventional trading and listing services, with a focus on anti-financial crime and compliance solutions, illustrates its commitment to expanding revenue streams and ensuring long-term viability.
Despite falling short of analysts’ expectations for adjusted profit per share, Nasdaq’s emphasis on innovative products and solutions helped offset the impact of slowing trading activity in U.S. equities. The decrease in volumes of equity matched shares and options reflects a period of decreased market volatility.
Prominent listings on the Nasdaq exchange during the quarter, including Astera Labs and Kyverna Therapeutics, further enhance the platform’s appeal to technology and biotech enterprises.
Looking ahead, Nasdaq maintains optimism regarding the pipeline of companies preparing to go public, contingent upon economic and market dynamics. However, immediate market responses to Nasdaq’s earnings call led to a decline in its stock price, mirroring broader trends in the U.S. stock market.
In conclusion, Nasdaq’s performance underscores its resilience and adaptability in meeting the evolving requirements of traders, investors, and listed entities within the dynamic capital markets milieu.
Source: reuters.com
The post Nasdaq’s revenue beats on strong demand for fintech products appeared first on HIPTHER Alerts.
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