Business
Planet Ventures Inc. Acquires Stake in the First Kowala Private Token Sale
(via TheNewswire) Vancouver, British Columbia / TheNewswire / March 14, 2018 ...
About this update from Planet Ventures Inc
[{"type":"text","content":"Planet Ventures Inc. Acquires Stake in the First Kowala Private Token Sale(via TheNewswire)\n \n \nVancouver, British Columbia / TheNewswire / March 14, 2018 - Planet Ventures Inc. (the \"Company\") (TSX.V: PXI; FSE: P6U) is pleased to announce that it has made an investment in the private token sale by Kowala associated with kUSD; Kowala is the world's first autonomously stabilized cryptocurrency. \n\n \n \nKowala's Unique Advantages\n\n \n \nCryptocurrencies such as Bitcoin, Ether, and Dash exhibit significant volatility. Consumers, merchants, traders, investors, miners and developers have a need for a cryptocurrency whose value can be counted on to remain roughly stable from one day to the next and whose operation does not depend on potentially unreliable third parties such as banks.\n\n \n \nWhy A Stable Cryptocurrency Is Needed\n\n \n \nBeyond the considerable benefits that most cryptocurrencies bring, a stable cryptocurrency will provide unique benefits to many stakeholders, such as consumers, merchants, investors, traders, miners and developers.\n\n \n \nSome use cases of a stable cryptocurrency for consumers are:\n\n \n \n-avoiding cryptocurrency volatility when purchasing real-world products and services;\n\n\n \n-avoiding volatility of less stable fiat currencies;\n\n\n \n-providing a stable store of value; and\n\n\n \n-gaining access to bank-like services offered by third parties (for consumers without easy access to bank accounts denominated in stable fiat currencies).\n\n \n \nSome use cases for merchants are:\n\n \n \n-avoiding volatility when selling products and services for cryptocurrency; and\n\n\n \n-gaining access to bank-like services offered by third parties (for merchants without easy access to bank accounts denominated in stable fiat currencies).\n\n \n \nSome use cases for investors are:\n\n \n \n-parking funds in a decentralized, stable asset.\n\n \n \nSome use cases for traders are:\n\n\n \n-pursuing arbitrage opportunities in new cryptocurrency markets;\n\n\n \n-parking funds in a decentralized asset that has stable value; and\n\n\n \n-trade in and out of stable asset at low cost and high speed.\n\n \n \nSome use cases for miners are:\n\n \n \n-pursuing mining profits without investing in expensive hardware and electricity costs;\n\n\n \n-reaping mining rewards consistently, no matter whose machine so...