The online bank has selected LakeDiamond, a producer of lab-grown diamonds, as the first ICO available on its platform.
Swissquote, a Switzerland based banking group, announced on Monday that it has become the first bank in the world to give its customers the opportunity to participate in initial coin offerings (ICOs) via its online platform.
Similar to initial public offerings, ICOs are a new way of funding that uses Cryptocurrencies instead of traditional fiat currencies. In order to participate in these crowdfunding ventures, consumers typically need to own a Blockchain wallet and understand blockchain technology.
However, Swissquote has removed this hassle - with the whole process achievable through its online platform. To participate in the ICOs, clients can purchase coins, otherwise known as tokens, which are offered against the Swiss franc (CHF) using their trading account.
The Swiss online bank will take care of the execution as well as the custody of the tokens, the statement said. Furthermore, the bank has selected LakeDiamond, the spin-off of the EPFL (Swiss Federal Institute of Technology in Lausanne) as the first ICO available on its platform.
LakeDiamond ICO on Swissquote
LakeDiamond is a producer of human-made high-grade diamonds in laboratories that have specialized reactors. These are for applications such as watch movements, lasers or transistors.
The ICO for this company is interesting, as the company is selling machine production minutes as tokens. This means a token represents actual machine time. Overall, LakeDiamond is issuing CHF 60.5 million ($60.8 million) worth of tokens, with each LakeDiamond token (LKD) worth CHF 0.55. The funds earnt from this ICO will be put towards buying 50 more reactors, the statement said.
Commenting on the ICO, the CEO of Swissquote Marc Bürki said: “true to our philosophy to democratise finance by offering services that are simple and accessible to everyone, we are now offering our clients the opportunity to help grow start-ups.”
The minimum purchase for the ICO is 60 LKDs, which translates to CHF 33. During the presale, which is from October 22 until December 11 of this year, clients participating in the ICO through Swissquote will receive one free token for each set of ten purchased tokens. This will be until CHF 4 million is raised.
Speaking on the launch of the ICO, Pascal Gallo, CEO of LakeDiamond added: “LakeDiamond has developed and continues to develop its cutting-edge technology combining lab-grown ultra-pure diamonds and high end industrial applications. With its ICO, LakeDiamond is seeking to accelerate its growth and is delighted to be the first company using the new ICO services offered by Swissquote.”
Marc Bürkifrom Swissquote will be participating in the Finance Magnates London Summit 2018 as a speaker on the CEO Roundtable: Where is the Alpha?
Swissquote, a Switzerland based banking group, announced on Monday that it has become the first bank in the world to give its customers the opportunity to participate in initial coin offerings (ICOs) via its online platform.
Similar to initial public offerings, ICOs are a new way of funding that uses Cryptocurrencies instead of traditional fiat currencies. In order to participate in these crowdfunding ventures, consumers typically need to own a Blockchain wallet and understand blockchain technology.
However, Swissquote has removed this hassle - with the whole process achievable through its online platform. To participate in the ICOs, clients can purchase coins, otherwise known as tokens, which are offered against the Swiss franc (CHF) using their trading account.
The Swiss online bank will take care of the execution as well as the custody of the tokens, the statement said. Furthermore, the bank has selected LakeDiamond, the spin-off of the EPFL (Swiss Federal Institute of Technology in Lausanne) as the first ICO available on its platform.
LakeDiamond ICO on Swissquote
LakeDiamond is a producer of human-made high-grade diamonds in laboratories that have specialized reactors. These are for applications such as watch movements, lasers or transistors.
The ICO for this company is interesting, as the company is selling machine production minutes as tokens. This means a token represents actual machine time. Overall, LakeDiamond is issuing CHF 60.5 million ($60.8 million) worth of tokens, with each LakeDiamond token (LKD) worth CHF 0.55. The funds earnt from this ICO will be put towards buying 50 more reactors, the statement said.
Commenting on the ICO, the CEO of Swissquote Marc Bürki said: “true to our philosophy to democratise finance by offering services that are simple and accessible to everyone, we are now offering our clients the opportunity to help grow start-ups.”
The minimum purchase for the ICO is 60 LKDs, which translates to CHF 33. During the presale, which is from October 22 until December 11 of this year, clients participating in the ICO through Swissquote will receive one free token for each set of ten purchased tokens. This will be until CHF 4 million is raised.
Speaking on the launch of the ICO, Pascal Gallo, CEO of LakeDiamond added: “LakeDiamond has developed and continues to develop its cutting-edge technology combining lab-grown ultra-pure diamonds and high end industrial applications. With its ICO, LakeDiamond is seeking to accelerate its growth and is delighted to be the first company using the new ICO services offered by Swissquote.”
Marc Bürkifrom Swissquote will be participating in the Finance Magnates London Summit 2018 as a speaker on the CEO Roundtable: Where is the Alpha?
Strike's Expansion into Europe Accelerates Bitcoin Adoption
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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