Pro N Corp Public Company Limited (PROEN) revealed that from the case that the company invests in digital assets Types of cryptocurrencies which is a condition of joining a partnership with Bitkub Blockchain Technology Company Limited (Bitkub) for the purpose of being a PoSA (Proof of Stake Authority) Validator Node partner in the block chain verification system of Bitkub (Bitkub Blockchain Technology Co., Ltd. .)
The company would like to clarify the progress as follows: Being a staking accountant, there are conditions in the transaction whereby the company must buy 250,000 KUB coins from Bitkub (approximately total value of not more than 72.949,816 baht) and not allow the company to Sell and/or exchange such coins until May 31, 66.
As of May 31, 2012, the Company is in the process of amending the material aspects of the Agreement. The essence of the amended agreement is that Bitkub confirms the guarantee of the minimum buyback price upon maturity within the date. 31 May 66 that is not lower than the price that the company invested This is based on the exchange price on the Bitkub digital asset exchange as of the investment date. but if the trading price The underlying price of the Bitkub digital asset is higher than the guaranteed minimum price. The company can sell profitably at the exchange price at that day.
The post PROEN submits a proposal to amend Bitkub’s contract asking for a guarantee of the repurchase price of KUB coins when it expires on May 31, ’66 appeared first on Bitcoin Addict.