Coinsilium Group Limited

Advisory Agreement Signed with Global Trade Exchange Platform LC Lite - Seite 2

The success payment will usually be a fixed fee, denominated in cryptocurrencies such as Bitcoin and Ethereum or in project digital tokens and will be payable on the successful completion of a project’s Token Generating Event (“TGE”).

While fees may involve considerable amounts, since they are payable in cryptocurrencies, the inherent volatility of these digital currencies may lead to fluctuations in the total fee valuation.

Note that this agreement is unconnected with the previous advisory agreement with LC Lite announced on 1.11.18 and reflects the long-standing relationship between Coinsilium and LC Lite.

Eddy Travia, Chief Executive of Coinsilium, commented:

“We are delighted to be working with LC Lite on this exciting enterprise token project, supported by established global invoice finance marketplace Incomlend. We believe that LC Lite holds the potential to positively impact the complex processes currently employed in the multi-trillion-dollar market for trade finance and real-world assets, while providing promising new yield opportunities for crypto traders.

The timing of this new advisory agreement reflects the marked improvement we are seeing in the global cryptocurrency markets and growing strength in demand for Coinsilium’s advisory services. We expect this trend to continue throughout 2024 as the cryptocurrency markets recover and more blockchain projects emerge with the need for the type of expertise Coinsilium can offer.”

Jean-Charles Devin, Co-founder and director of LC LITE, commented:

“We are thrilled to embark on this journey with Coinsilium as an advisor for LC Lite, which strengthens our long-standing collaboration with them. Coinsilium's esteemed reputation and expertise in the blockchain and cryptocurrency space makes them an invaluable partner as we navigate the exciting world of digital finance, leveraging their insights and guidance to drive innovation and success for LC Lite. Together, we look forward to building a strong foundation for sustained growth, empowering businesses with streamlined cross-border payment solutions for real-world assets.”