The Jointer DeFi Auction Will Launch and Receive Support from STEX starting October 27, 2020
Silicon Valley, October 27, 2020, ZEXPRWIRE – Jointer, the future of Commercial Real Estate investment and syndication, announced it will invest $5 million dollars towards STEX, the regulated Estonian exchange will fiat intake and 100% of investors deposited funds SAFU, at a $100 million dollar valuation. The strategic investment will add a new primary issuance option as well as secondary trading starting on October 27, 2020.
Jointer, the winner of the Carnegie Mellon University U.S.-China Innovation and Entrepreneurship Association Award for Most Promising Venture, announces the investment in STEX after two successful months of growth through the daily DeFi Auction. The JNTR token has grown 44.84X since launch and the price has not gone down once, showing that the financial engineering built with smart contracts is working.
The investment provides STEX the opportunity to further expand their offerings and products to include Decentralized Finance (DeFi) dApps, with a focus on security, community, and providing the best user experience. The strategic investments consists of two central themes:
- Offering Expansion: Jointer will empower STEX to expand offerings through capital and technology investments and development. Jointer will bring their daily Auction to STEX’s 300,000 active users which will offer primary access to JNTR’s flagship liquidity bridge. The benefits of purchasing through the auction include 90% downside protection and daily Game Theoretical incentives for JNTR investors.
- Participating in the Auction allows users to stake their JNTR, earning an additional 52% APY.
- Community Expansion: Both Jointer and STEX focus on community first, having spent years developing communities with users geared to their services. By taking a service first approach, the combining of Jointer and STEX’s community will create a bond that is over 750,000 strong across all networks and nearly every country around the world.
STEX CEO, VK discussed the successful valuation and capital infusion,
“Users expect from us the newest solutions in terms of how to make their crypto assets work for them. And of course they always want us to make sure those solutions are genuine and secure. Combining these two demands at once is what’s happening.”
The STEX exchange has witnessed consistent growth since rebranding back in 2018. They are licensed within the EU for providing a virtual currency service as well as FINCEN approval.
Jointer Angel Investor, Kyle White, led the funding conversation between the two companies after analyzing the synergies between Jointer and STEX’s communities and resources. When remembering the start of the process back in January, he says,
“When I first stumbled on STEX their focus on providing users a great and safe experience was immediately apparent. Companies that focus on users first will succeed with the right tools and unlimited resources. Luckily for us and the crypto community, STEX has been doing the right thing for a few years now and they are at the stage where capital and resources can bring them exponential growth.”
Jointer’s Auction will continue the daily dynamic offering and STEX users can participate directly from their wallets. Each day carries a goal and a maximum amount of contributions possible. By setting goals for each day of the Auction, Jointer is able to provide investors an extra incentive to outperform the daily goal through a dual bonus structure allowing both large and small investors an opportunity to benefit from the daily success with one bonus unlocked as a group and one as an individual. Because there is also a maximum amount of contributions, investors must act fast before that day’s supply is sold.
The Group Bonus allows everyone to benefit from a greater JNTR discount once the auction reaches above 100%. The Individual Bonus benefits large contributors to the round by offering a multiplier that incentivizes daily lead investors. The bonus is uncapped but cannot exceed the daily contribution cap of 150% so with a limited daily supply, investors are encouraged to participate early.
Investments in the Auction include 90% downside protection, allowing investors to minimize their capital risk while still benefiting from any potential upside. The downside protection contract locks 90% of the investment and tokens in a smart contract for one year. After one year, 90% of the investment will automatically release to Jointer and the assets will release to the investor. At any time before the year ends the investor has the option to waive the protection or to cancel the investment and receive 90% of their investment back
“We are excited to further share our vision of simplifying real estate investment and syndication for all. This is one step closer to bringing Jointer to market to the wider market,” says Jude Regev Jointer’s CEO, “Jointer is ready to change Decentralized Finance and Commercial Real Estate acquisition forever. Mass adoption needs to be so simple for users.”
Now, investors can visit STEX and participate directly from their STEX wallet into the World’s First Commercial Real Estate DeFi DAO.
For more information, visit the live Auction at the Jointer website
Jointer.io is a decentralized financial (DeFi) and property technology (PropTech) based on a Decentralized Autonomous Organization (DAO) with a combined $400B+ market cap worth of team experience remotely based in Silicon Valley, CA and Tel Aviv, Israel. Jointer is a multi-award winning company, including a $1,000,000 “Best Startup in the World” prize in 2018 during a worldwide competition between 4,000 startups and 196 countries, winner of the Disruptive Startup Award at Stanford University in 2019 by a panel of Google, SoftBank, Bain Capital, Thomson Reuters, Stanford Angels, BMW, Andreessen, NEA, and other top VC Funds, first place for the Disruptor Daily “Blockchain in Real Estate” Disruptor Award, and the most promising venture from the Carnegie Mellon University US-China Innovation and Entrepreneurship Association. For more information, visit Jointer.io
With more than 300,000 users worldwide, STEX is a powerful cryptocurrency exchange that makes it easy to buy, sell and invest digital currencies from one fast, and convenient platform at low competitive rates. Users can choose from more than 400+ trading pairs, purchase crypto with credit or bank cards, and exchange fiat to crypto or crypto to fiat with a few swipes on their mobile device. Founded in Estonia, STEX meets all EU regulations for cryptocurrency exchanges. For more information about STEX and its partners,
Media Contacts –
Contact: Kyle White,
Email – email@example.com
The post JOINTER INVESTS $5 MILLION IN REGULATED EXCHANGE, STEX appeared first on Zex PR Wire.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Bengaluru Bytes journalist was involved in the writing and production of this article.