The world is moving faster than ever with the internet streamlining the way we relate with one another in almost everything in the modern dispensation. The advent of the modern information and communication technology era is undergoing the usage of money, currency conversion, transactional avenues and cementing of big financial deals premeditated by the introduction of the cryptocurrency industry, which is shaping the thinking pattern of the modern man. Cryptocurrency is a wonder to most persons for several reasons. When it was proposed and put to work, some lagers assumed without facts that the system lacks credibility, thus will not see the light of the day. This negative mindedness was also put to test when the creator of the Ethereum Blockchain, Vitalik Buterin wanted to incorporate the mainstream financial industry into the functionalities of the cryptocurrency market but there were issues brought to table. Some of the issues included Cryptocurrency does not have titled/auditable ownership, abnormal clearing and settling risks, there is no process of judicial recovery if something goes wrong along the line and of course the risk of theft through cyber security breach. In a quest to tackle the afore-stated and have a better investment opportunity via the crypto currency mechanism, I discovered https://www.cybertrust.io/, a platform that is proposing to tackle the challenges outlined above.
Cybertrust is a Blockchain-based cryptocurrency technology aiming to create a Global Crypto Notes that will enable owner of a GTC to have legal claim to his assets like BTC, ETH, BCH and so on. The platform will create three special purpose vehicles (SPV); one of each for BTC, ETH and BCH. Off-chain storage is provided by Xapo to secure the private keys of the underlying crypto assets in a specialized Cold Vault secure facility (ies), including insurance on all Hot Wallet Transactions. All Global Crypto Notes will each have a registered International Securities Identification Number (ISIN). All Clearing & Settlement for GCNs will be done by Clearstream, known as the “bank of banks”. To permit safe and regulatory compliant trade clearing SPV financials will be audited by Ernst & Young S.A., starting Q1 2018. The SPV administrator is a licensed Luxembourg entity Creatrust S.A.
To fuel the securitization of the tokens, the crypto asset-backed securitization ‘CABS’ will be created for the purpose of buying and holding derivatives, to make sells and arbitrages and create financial products. The CABS tokens offers two key opportunities; profit from the securitization premium and profit from unmet demand for securitized ETH and BCH. It will be issued as a standard ERC20 token on the Ethereum blockchain, supported by all ERC20-compliant wallets. The tokens will serve three major purposes in the platform i.e. It permits accredited investors purchasing Tokens to securitize major cryptocurrencies up to 35%+ bonus to the current BIT premium. Effectively, ITO participants can pay as little as a 6.3% premium to securitize 1 BTC, as opposed to paying a 84% premium to Grayscale; It provides the broader investing public with a tool to speculate on the size of this premium; It provides the broader investing public with a tool to speculate on the size of this premium.
I been in equity market for over 3 years as of this writing. However, most institutional investors in the Philippines, are not yet aware of investing in cryptocurrency. One day, I did discuss with my boss regarding investing in Bitcoin, and he said: bitcoin / other cryptocurrencies are high risk and unregulated, it can wipe up your money or hacked it.
To address this, introducing CyberTrust, a financial services offering securitisation of cryptocurrencies providing lesser risk and proof of claim underlying the crypto.
The institutional investors investment in cryptocurrencies are rising globally due to spectacular returns they provide over the recent years. With Cybertrust, I expect more participation from the largest qualified investors, fund managers, institutional investors, even individual investors may come and enter as lesser risks come into play, the proof of ownership or something backed their investment and even legal claim to their investment is provided.
So let’s take a look about CyberTrust and features that it can offer.
> Lesser Risk
CyberTrust will issue security claim/ownership rights on crypto. These Lexumbourg Crypto Notes (LCN), will have International Securities Identification Number (ISIN). Making these securities auditable and regulated by Securities and Exchange Commission (SEC), the government body protecting the investing public (securities are under SEC in the Philippines, I think same rule will also apply to Cybertrust).
To avoid theft, these LCNs are also insured when moving crypto in and out.
> Fees
On the stock market transaction of buying and selling of shares, transaction cost includes commission (.25%) , value added tax (12%) , Securities Clearing Corporation of the Philippines (SCCP) fee (.01%), Philippine Central Depository fee (.005%), and sales tax (1/2 of 1%) in case of selling transaction only.
For CyberTrust, fees can be summarize as follows.
> Token Rights
Once you have CABS token, you will have a 12 month exclusive rights to convert your bitcoin into Bitcoin LCN. You will also have the same convertion rights to Ethereum (ETH) and Bitcoin Cash (BCH) into LCN. Using BTC exchange rate quoted by Bitfinex.
For investors who have bought more than 50 CABS will receive Gold Membership status. This will entitle them to 3 year priority service and VIP access.
For investors who have bought more than 250 CABS tokens will be entitled to VIP access to all international events organized by CyberTrust over the next 3 years at no charge.
For investors who have bought more than 500 CABS will be entitled to all of the above plus monthly exclusive research insights from our trading desk and institutional sales team over the next 3 years.
Team CyberTrust
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