Digishares partners with Swiss-based Konsento

DigiShares, the leading provider of white-label solutions for security token issuance and corporate management, has announced a new white-label partner based in Switzerland, Konsento.

Konsento AG is a Swiss-based provider of comprehensive investment management solutions for companies and their investors. DigiShares and Konsento jointly developed a solution which enables Konsento to offer company administrators the ability to represent and manage equity positions, track changes over time in auditable logs, implement digitized document workflows with electronic signatures, maintain the share register in various forms depending on the type of incorporation, register beneficial ownership, and communicate with investors individually and jointly.

Further, the solution has an advanced module for conducting annual shareholder and other meetings in a fully digital format, with agenda items and votes, including the use of proxies. There is a personalized dashboard for investors where they can track their equity holdings, access relevant documents and contracts, participate in shareholder meetings and vote on relevant polls, etc. The entire solution maintains a high degree of security to ensure that confidential and important company documents are kept safe.

Konsento uses this solution as their basic application and to manage the relationships between companies and their investors.

Sandro Stricker, Co-Founder of Konsento, says, “We are observing a growing interest in asset tokenisation in Switzerland. However, we also see a significant number of companies that have not yet digitalized their investor relations workflows. While we want to be prepared for the latest technological developments, we also want to build a bridge to those who have not yet digitalized. DigiShares supports us in this by enabling us to fully register and manage traditional securities. We expect to be able to sign up many companies from the traditional economy, and then slowly over time convert some of these to becoming fully or partly tokenized.”

Mr. Stricker adds, “We have already signed up the first couple of clients and have generally been very happy to work with the DigiShares team during the customization and implementation process. We expect a very fruitful collaboration in the future”.

Claus Skaaning, CEO of DigiShares, says, “Konsento is a really good example of a white-label partner that fits perfectly into our strategy of becoming a high quality trusted provider of white-label solutions for financial consultancies, asset managers, real estate fund managers, and renewables fund managers. Our solution is geared towards being easy to customize, integrate and re-brand, such that it can be easily deployed to create value for anyone interested in raising capital for multiple projects or manage a group of corporate investors or shareholders in a project or fund.”

About DigiShares

DigiShares provides white label solutions for security token issuance and corporate management. We work with asset managers, investment fund managers, real estate developers, renewables project developers, etc. who are interested in more efficient ways of raising capital and managing many investors in their fund or project. We offer high quality functionality for tokenization to enable investors to register and be verified, purchase tokens, and for the longer term management of the group of tokenized investors, the platform will maintain an investor register, facilitate communication with investors, votes, shareholder meetings, etc. As a special feature we offer an internal exchange where existing and new investors can trade their shares within a single project.

DigiShares’ platform is a so-called multi-STO platform, enabling an asset manager to raise funds for and manage the investors in multiple STOs (Security Token Offerings). It contains dashboards for the overall administrator of the platform, for the administrator of each individual STO, and for the investors in the STOs.

DigiShares is your trusted partner to ensure that your digital assets will be compliant and liquid.

Website: https://digishares.io/
Facebook: https://www.facebook.com/DigiSharesDK/
Telegram: https://t.me/joinchat/IHDMSU9kIUAuG5bmHjbaIw

 

Friday 13th Binance Scam: by @ashcash

I’m writing to tell you my story on Binance on Friday, March 13, with BULL tokens (issued by FTX Exchange). If you also had such problems, especially if you are USA citizen — feel free to contact as I`m preparing collective complaint to SEC and CFTC. You can easily find me in Telegram (@ashcash).

Here’s my sad story or how I lost 3164.93 USDT in an hour due to miscorrelations and miscalculations of Binance.

On March 13th after great dump which, I decided to start forming position about 15:00 as the priced calmed a while down. For the last month I used BEAR tokens very productively, so at last it came time for BULL ones .

I was excited to use BULL tokens, as Binance assumes this tokens follow basis asset x3, if basic asset moves +1%, BULL token moves +3% (https://www.binance.com/en/support/articles/360038933471). So I opened positions in pairs: BULL/USDT, ETHBULL/USDT, EOSBULL/USDT, XRPBULL/USDT.

And then magic happened, without any correlative move of basic assets BULL tokens dropped from 40% to 65% percent. Below attaching screenshots and detailed explanations.

Said that Binance, I really liked till the moment, ignores my complaint about losses refund — wrote their support twice. Binance angels from Telegram group forwarded me to FTX, whom I wrote also. Was sadly surprised by their answer, to cut a long story short “it`s your problem, go to Binance with your complaint”.

The worst thing is they knew such price miscorrelation could happen, they had such accidents in September 2019 (screen of FTX support answer also attached). But neither Binance who listed BULL/BEAR tokens 17/01/2020, nor FTX posted this precaution. If Binance took care of its users they could stop trading BULL tokens till they come back in right correlation with basic assets, or at least post note about possibility of such problem.

Nothing was done by Binance, absolutely, and they even let themself to ignore such complaints. Even Bitmex refunded to their users losses caused by miscalculations.

Don’t let Binance full you and steal your money — connect me @ashcash and join https://t.me/scam_binance in Telegram, I`m sure our collective complaint to SEC and CFTC will make Binance to refund losses and be more responsible. The exchange feel very free as there`s no legislative regulation — let us, users, make them be responsible and careful about our funds and prevent such things happen in future.

Shame upon you, CZ! Our funds are not “safu”…

Attachment:

BULL/USDT delayed the price of basis asset Bitcoin 40 minutes it caused loses which I demand to compensate.

BULL time: 15:20, price 4091 USDT, then price drops to 2293 USDT at 16:00.
But Bitcoin didn`t move so much at this time: 15:20, price 6070 USDT, at 16:00 price was 6011 USDT. Such price movement couldn`t lead to BULL token to drop more than 40%. Had to close with a loss at 22:26 price 2438 USDT, managed to gain 6.3%.

I demand 100% compensation of all losses (671,35 USDT) and ungained profits (671.35*6.3%=42.29 USDT), total compensation 713,64 USDT.

BULL/USDT
BTC/USDT

ETHBULL/USDT delayed the price of basis asset Bitcoin 1 hour and 10 minutes it caused loses, which I demand to compensate.

ETHBULL time: 15:20, price 535 USDT, then price drops to 165 USDT at 16:30.
But ETH didn`t move so much at this time: 15:20, price 140 USDT, at 16:30 price was 127 USDT. Such price movement couldn`t lead to ETHBULL token to drop more than 65%. Had to close with a loss at 22:27 price 185 USDT, managed to gain 12 %.

I demand 100% compensation of all losses (1041,98 USDT) and ungained profits (1041.98*12%=125.03 USDT), total compensation 1167,02 USDT.

ETHBULL/USDT
ETH/USDT

XRPBULL/USDT delayed the price of basis asset Bitcoin 1 hour and 10 minutes it caused loses, which I demand to compensate.

XRPBULL time: 15:22, price 23.49 USDT, then price drops to 16.12 USDT at 16:30.
But XRP didn`t move so much at this time: 15:22, price 15.62 USDT, at 16:30 price was 15.29 USDT. Such price movement couldn`t lead to XRPBULL token to drop more than 31%. Had to close with a loss at 22:31 price 20.12 USDT, managed to gain 24.8 %.

I demand 100% compensation of all losses (229,31 USDT) and ungained profits (229.31*24.8%= 56.86 USDT), total compensation 286,18 USDT.

XRPBULL/USDT
XRP/USDT

EOSBULL/USDT delayed the price of basis asset EOS 1 hour and 10 minutes it caused loses, which I demand to compensate.

EOSBULL time: 15:24, price 17.37 USDT, then price drops to 6.92 USDT at 16:30.
But EOS didn`t move so much at this time: 15:22, price 2.13 USDT, at 16:30 price was 2.06 USDT. Such price movement couldn`t lead to EOSBULL token to drop more than 60%. Had to close with a loss at 22:23 price 8.10 USDT, managed to gain 17 %.

I demand 100% compensation of all losses (853,07 USDT) and ungained profits (853.07*17%= 145.02 USDT), total compensation 998,09 USDT.

EOSBULL/USDT
EOS/USDT
FTX Support Answer