London, 4th July 2020. An innovative, well-backed financial technology initiative known as Halgo has launched Jefferson Coin ™ (“JEF”) on 4th July. JEF is the first of a series of regulated stablecoins with the goal of redefining money as we know it. All stablecoins will be backed by a wide array of global assets (mostly stocks and bonds, but also some real estate and gold). The only difference among the various Coins is the leverage (or lack thereof) and the weights of the assets. They achieve such exposure through the world’s most liquid exchange-traded funds (“Mega-ETFs”). Jefferson Coin ™ is the most-leveraged version and is a better alternative to bitcoin. Other versions: Benjamin Coin ™ and Hamilton Coin ™ are designed to be more stable — and offer a better alternative to holding cash. The goal is to make Halgo’s suite of Coins the most desirable and easily accessible store of value in the world.
Government currencies are all backed by the full faith and credit of the respective government — which can be dubious at times. Bitcoin was a breakthrough because it was not beholden to any government — same with gold. However, bitcoin is not backed by anything, making it extremely volatile and of truly unknown value. Gold has a long history of value, but is limited in supply, heavy, and hard to transact. Cash does not have an expected return. In fact, cash depreciates over time as governments continually spend more than they tax. Halgo seeks to remedy all these problems by linking the value of the various Coins to the value of global assets, all within a regulated umbrella. Global assets are relatively stable and of known value. Best of all, they have a positive expected return and virtually unlimited liquidity. Risk will be managed by cutting-edge artificial intelligence engines that have proven their reliability over time. All Coins will use blockchain technology to help make purchases and sales efficient and effective.
Halgo is backed by the experienced team at Evariste Quantitative Research (managing portfolio construction); GMEX Group (market leading providers of exchange and blockchain technology); SECDEX Group (an exchange and custody group leading the effort on digital securities and security tokens); Digital Partners Network (a future-focussed digital professional services firm, which includes Digital Investment Fund PCC); and Demand Derivatives (a futures exchange expecting to launch soon as a very low cost and default-free method of transacting in the underlying global assets) and US based successful Fintech entrepreneurs in mobile payments.
François d’Hautefeuille, CEO, Halgo, stated, “On 4th of July 2020, 244 years to the day of the signing of the U.S. Declaration of Independence, we are taking another giant leap forward toward the financial freedom of all citizens of the world.”
Will Graylin, Founding Advisor, Halgo, stated, “The proper application of digital currency will have tremendous impact to society, akin to proper blood flow throughout the body. It should be supported by central banks, backed by real value, accounted for by scalable blockchain, and transacted via secure digital wallets”, says Will Graylin, CEO of OV Loop. “I have been in payments and fintech for nearly 2 decades with Samsung Pay, LoopPay, Roam Data, and others, and I am thrilled to see Halgo’s first principle approach bringing the next generation of digital currency to life.”
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43 Reliance Wharf, 2-10 Hertford Rd, London N1 5EW
Halgo is a London based blockchain technology company. Its goal is to develop, manage, and market innovative stablecoins. It will partner with neobanks, exchanges, mobile payment, and wallet provider solutions to create new investment savings opportunities for small investors normally only available to high net worth investors as well as low rate credit opportunities. It will also protect investors against the risk of debasement and spoliation. All thanks to the power of algos and blockchain.
For more information, visit https://halgo.io/
Note to editors: http://willgraylin.com