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Sonar Aims to Help Solve Gender Inequality of Access in Crypto
Marsaskala, Malta–(Newsfile Corp. – December 23, 2021) – Sonar aims to help solve gender inequality of access in crypto. According to the CNBC Invest in You: Next Gen Investor poll, males currently invest twice as much in cryptocurrencies as women (16 % of men vs. 7% of women). Access to information may have become a privilege that can cause a disproportionate distribution of wealth across genders. Additionally, cryptocurrency and its younger Decentralized Finance counterpart have their own barriers against access.
Sonar
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For example, the steep learning curve requires access to a number of tools and exceptional levels of information to navigate. Furthermore, cryptocurrency might be a revolutionary financial disruptor, but still suffers from a problem that has its roots spread over many centuries: a patriarchal hierarchy that features an insufficient number of women. It has been argued that women lack investment confidence, but in reality their portfolios continue to surpass those of men by 40 basis points. Alternatively it is suggested they trade less because of their inherent risk aversion, however, this biological determinism is not supported by actual research.
Women are instead believed to make fewer transactions because they are less prone to overstate their knowledge and skills to win in the market. The true barrier of access therefore is that of exclusionary and discriminatory behaviour by those within the space. Many women have reported to have been treated with a combination of objectification or dismissiveness on the social platforms that support decentralised finance, which made them feel unwilling to attempt to learn more, or the same groups were more willing to educate men about cryptocurrency trading than women.
Women’s Participation in Cryptocurrency is Increasing
Despite these barriers of access, women are slowly increasing their presence in the industry, shown by the fact that female cryptocurrency investors in the United Kingdom have increased by 20% in the last year. As this rate continues to increase, there are additional ways that the space could address gender access and help to balance the scales.
In addition, many cryptocurrency projects champion women in the space, and one, in particular, uses its own system to break down this barrier by the help of education. Sonar.
Sonar is a Decentralized Finance project committed to remove barriers to access cryptocurrency. Its beta platform is due for release in the coming week, and includes an AI news aggregater that will bring information to users directly. Sonar is well known for the numerous tools that make it far easier to enter and navigate the DeFi space.
Lauded for its next-generation cryptocurrency meta-tracking dashboard, Sonar allows individuals to use analytical tools in order to make more informed choices when investing. Created in response to the increasing number of illegitimate projects appearing in the cryptocurrency space, Sonar views its three core values – Transparency, Technology, and Education.
Giving powerful trading tools to the average user on a combined ecosystem, empowers them to make wiser decisions in a simpler and more streamlined way.
Focus on Increase Adoption of the Crypto Space
Sonar also features a perpetually expanding library of educational materials that seeks to provide users with invaluable information about blockchain technology and decentralized finance.
The project aims to increase the adoption of cryptocurrency in economically and geographically disadvantaged spaces, especially catering to the women of those areas and in general. At present, Sonar itself has many females in key positions, which includes the education department, strategy team, and legal counsel.
About Sonar
The Sonar platform is an intelligent tracking and monitoring platform for projects based on BSC and ETH networks. At the center of the dynamic ecosystem, its beta version will define the project’s potential and future growth. Once the beta is launched, it will rapidly add more new intuitive features to enhance the user experience and ease of crypto interaction. Sonar is also aiming to help female crypto enthusiasts receive authentic information before investing, and champions their involvement in the space.
Media Contact
Jacob Camilleri
Email – [email protected]
Website – https://www.sonarplatform.io/
PR – Cryptoshib.com
Email – [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108452
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eWTP Arabia Capital’s Technology Fund I Recognized as Top Performing VC Fund in the Preqin League Tables
RIYADH, Saudi Arabia, May 19, 2024 /PRNewswire/ — eWTP Arabia Capital Technology Fund I (“Techology Fund I”), managed by eWTP Arabia Capital (“eWTPA”), one of the leading private equity firms in the Middle East, was listed in the Preqin League Tables as the the fifth top-performing VC funds in the US$250 Million to US$499 Million category by net Internal Rate of Return (IRR) for vintages between 2015-2020.
“We’re delighted by the recognition of our Technology Fund I as a top-performing VC fund in our sector,” expressed Jessica Wong, Founder and Managing Partner of eWTPA. “This milestone underscores the commitment of our team and the robustness of our investment strategy. It also underscores the significant growth potential of the Middle East and North Africa market, particularly in Saudi Arabia, warranting attention. As a pivotal driver of technological advancement in the region, we’re steadfast in our mission to empower entrepreneurs and deliver value to our investors.”
“Being recognized by Preqin validates our hard work and dedication to supporting and actively contributing towards building the Saudi digital ecosystem,” said Jerry Li, Founder and Managing Partner of eWTPA. “As eWTPA continues to grow and expand its investment portfolio, it remains committed to fostering innovation and driving positive change in Saudi, the GCC and the global emerging markets ecosystem.”
eWTPA has demonstrated exceptional performance, solidifying its position among industry leaders. This recognition underscores eWTPA’s commitment to identifying high-potential market opportunities and generating returns for its investors.
The Preqin League Tables are regarded as a comprehensive and authoritative ranking system for private equity and venture capital performance. Preqin, a leading data provider in the alternative assets industry, compiles these league tables based on various performance metrics, including net Internal Rate of Return (IRR) and other key indicators.
eWTPA’s success reflects its strategic approach to investing high-growth sectors in the MENA region. The firm’s portfolio includes a diverse range of companies poised to make a significant impact on their respective industries.
Acting as a bridge between Asia and the Middle East, eWTPA’s Technology Fund I has achieved significant success since its inception in 2019. The Fund has invested in over 18 companies, several of which have successfully established themselves in KSA, like J&T Express, Raha, Sahm and COFE.
About eWTPA:
Founded in 2019, eWTP Arabia Capital is an investment firm based in Saudi Arabia and China. Backed by marquee regional and international Sovereign Wealth Funds, Institutional investors, and family offices, eWTPA helps create robust local digital ecosystems in the MENA region by partnering with market-leading international businesses and providing a gateway for these companies to establish a strong and sustainable presence in the region. To date, eWTPA has invested in over 18 companies, 13 of which have already established themselves successfully in KSA.
Media contact:
Haile Liao
+966 0530868568
[email protected]
Photo – https://mma.prnewswire.com/media/2416426/eWTP_Preqin.jpg
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