Cryptocurrency consortium Panxora Group has launched a Treasury Management Service (TMS) which will help founders of projects issuing token sales to manage the capital raised and ensure that it is preserved from the volatility of cryptocurrency. 

Many projects who issued token sales in the heyday of 2017 have crashed as token values took a swan dive in the great crash of 2018. This coupled with financial mismanagement has led to many projects and investors with little to show for.

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For young crypto companies, managing capital is a daunting task and keeping it in crypto exposes it to volatility and risks loss, while converting it immediately to fiat could mean a missed opportunity to take advantage of a rising crypto market. In response, Panxora has launched the TMS to help crypto projects face the challenge of managing the funds they raise.

Gavin Smith, CEO of Panxora said:

“Too many exciting ICO projects have fallen by the wayside due to poor financial management. With the TMS, ICO founders no longer need to worry about being able to keep the lights on and can instead focus on their ideas.”

Over Smith’s 20 years’ experience in investment banking and commodities, he saw the big players regularly using hedging strategies to tackle volatility. This not only preserves value but can also represent upwards of 50% of the commodity company’s yearly profits. Commodity markets and cryptocurrency share many characteristics so he saw an opportunity to create a competitive advantage for his ICO clients by transferring this expertise to the cryptocurrency industry.

Using active hedge strategies based on AI trading algorithms, coupled with passive hedge balancing, the TMS can create a balance between capital growth and preservation, depending on the risk appetite of each client. The client dictates how much capital they need each month, which they can transfer into their operating account, ensuring that they can finance daily operations.

Panxora’s AI models were used to manage $2.9m raised during Panxora’s Tessier-Ashpool token sale in 2017. After 15 months of trading, the company moved $2.1m profit into an operating account, invested in 5 companies, run the business for 15 months and still has the original $2.9m plus an extra $200,000 sitting in the bank. Dynamic hedge management generated an increase of 76% during a period in which Bitcoin was down 16%.

Mr. Smith concluded: “Having a plan in place for responsible management of a token’s assets is not just good for the company itself. It’s a signal to investors that says: we’re serious about making this business work, taking responsibility for the capital you’ve entrusted to us. We think this is an important step forward in the maturation of the token industry.”

Founded in 2014 under the name First Global Credit, Panxora has always aimed to provide cryptocurrency owners with the same opportunities as fiat currency holders have to generate revenue from their assets. With significant experience both in traditional financial and cryptocurrency markets, Panxora’s co-founders brought their first service – crypto backed stock and ETF trading to market, followed shortly by its currency exchange and the launch of the investment collective, AICoin which uses proprietary AI to trade the cryptocurrency markets. The company’s development team continues to innovate new products and services that will provide advantages to its customers. This includes the public launch of Panxora Crypto I, a cryptocurrency focused hedge fund. This and other services have been designed to give crypto-asset holders ever more opportunities.

With more than 30,000 customers in 35 countries, Panxora Group is the crypto-community’s trusted partner to meet financial goals and put crypto-assets to work.

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem – Honorary Ph.D. and is Chair Professor of Blockchain at China’s first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford’s Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission’s SME Instrument programme as a startup assessor and as a startup judge for the UK government’s Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ‘The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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