In September, we followed up the Czech summer roadshow with an event in Brno, featuring international guests, a representative of the European Parliament and a legal expert. Meanwhile, we are preparing another roadshow with completely new dimensions in Greece.

Headnote by project co-founder Adam Neuberger

We have had another month in which we had an event packed with both information and guests. I also presented the reasons that make us confident in our success, how the crypto world is evolving in data and last but not least I presented the vision of how we will operate in a regulated world and how our improved form of communication will work. 

Among other things, we have a lot of changes ahead of us as we prepare to do business in a regulated environment and we will start to reveal those changes to you gradually in October! Stay tuned as you learn about what will affect PBX demand in the upcoming year, how we'll make StayKing even more transparent, and much more, among other things.

Before we serve you these news, I also recommend you read the article by Michal Baturko Olbert, which he wrote more than a year ago. In it, he focused on investor behaviour in the markets and why emotions are a very poor tool to use. 

StayKing results for September 2024

In September, the world markets were influenced by the amount of stablecoins in circulation, but also by events such as the Cardano update, the ongoing US presidential election and the US FED cutting interest rates. This long-awaited move has boosted the markets after the plunge at the beginning of the month and cryptocurrency prices, led by bitcoin and ether, have started to rise. Our portfolio was able to take advantage of this and trade off the price drop and subsequent rise in both cryptocurrencies. 

Our current portfolio allocation is thus 15% altcoins, i.e. cryptocurrencies other than bitcoin and ether, and 85% stablecoins, a large portion of which we hold on hardware wallets. For an expected volatile period, such as the one now before the election, it is good to be prepared for all scenarios and a stock of stablecoins not only stabilizes the portfolio but also frees traders' hands to look for new market opportunities.

You can read more about the situation on the world markets in an article written by our trading frontman Tomáš Hucík.

We have sent out a total of 812 432 PBX worth 65 807 USD among StayKing participants in rewards for September.

What is brewing at Probinex?

Earnio has reached the milestone of one more million USDC in allocations! 

Another month brought another milestone for Earnio. The flagship of Probinex entered October with allocations 7.2% higher than in the previous month. The total amount of all allocations as of October 1 was 11,407,660 USDC! Earnio thus broke another million mark in allocations in its second year of operation. 

The Fix variant, which offers a monthly appreciation of 1-2%, has once again come close to reaching the total limit of USDC 10,000,000, of which only USDC 750 000 remains for allocations. Once this limit is reached, the program will offer new terms to new participants in the variant. We will inform you about the specific terms soon.

Probinex Event: regulation as an opportunity echoed the halls of Brno Hotel International

On September 21st, over 200 participants gathered at the traditional venue for an event focused on the role of regulation in the future of the cryptocurrency world. The event was packed with information, and a detailed insight into the operations of Probinex's services and products, as well as a presentation of Probinex's business team and its results, were a given.

The co-founders of Probinex, Adam Neuberger and Michal Baturko Olbert, also could not miss their dedicated stage time. Adam provided the opening and closing remarks, presenting a vision of what the future of the cryptocurrency world holds together with Probinex. Michal presented Probinex's business strategies and expansion into foreign markets to the audience in the conference room.

The program also included a panel discussion full of well-known experts in the field, such as MEP Ondřej Kovařík, financial law expert Jan Eisenreich and Jiří Březina, a specialist in training and certification in the field of investment. Adam and the experts tackled subjects such as MiCA regulation, CASP licensing, spot ETFs, education in financial advice and the impact of upcoming changes on entities in the EU but also in the Middle East where Probinex is expanding.

Our foreign reinforcements in the shape of Stavros Hadjikyriacou, our expert in licensing and regulation, and Loizos Georgiades, our partner for expansion into the Romanian market, have also arrived in Brno.

During the event, we announced the winner of the VIP StayKing competition for 30,000 PBX and a business trip to Dubai, which went to two winners. We started this competition at the last event in April, so this time we prepared a short-term competition for visitors, for which they only had to share a story from our Saturday afternoon on their Instagram.

Posts from the after-party qualified too, of course! The prize was a total of 3x 333 PBX, which we have already sent out to their new owners at the end of September.

With an eye on expansion: the Greek roadshow targets 15,000 visitors

After a successful roadshow in the Czech Republic, Probinex is heading to sunny Greece. A total of 6 Money Show events, which have a history in Greece and are visited by up to 15,000 visitors a year, will bear the name Probinex Money Show this year and next year. For the first of them, which will be held in Athens, we already have 55 clients confirmed to attend thanks to our on-site referrers. These clients already know about Probinex and are interested in the investment or referral program. By June, we aim to make direct contact with 500 new clients this way.

Another format that we will organize at 7 stops of our Greek roadshow is Probinex Presentation. This smaller event, unlike the spectacular Money Show, is focused purely on Probinex and our products. During these events, we will present Probinex and its benefits in detail to potential investors and recommenders as well as establish personal contact with each of the participants.

With both events we will visit Athens, Thessaloniki and other cities. Specific stops and dates can be found on our website.

Our international activities also continue in Dubai, where two winners of our VIP StayKing competition will visit Michal Baturko Olbert. They will accompany Michal to the 10th annual meeting of the Czech Business Council, of which Probinex is the main partner. Michal will also follow up on his previous activities in Dubai and present the local community with news about the project, including the preliminary approval for the VARA license.

Michal will participate as one of the invited VIP partners in a VIP event organized by Bybit, where we trade under our Probinex IKE corporate account. The event is mainly focused on networking, besides the CEO of Bybit and his representatives, there will also be a hundred of invited VIP partners from all over Europe, for whom Bybit will cover the whole event costs including transportation.

Michal Baturko Olbert on a foreign mission

Michal Baturko Olbert also wrote about the expansion of Probinex and his foreign mission in his article. What does he deal with during his foreign business trips? And what actually happens when Michal gets on the next plane abroad? 

For the full article, including behind-the-scenes information on how to manage 9 meetings with 28 potential clients in 48 hours, visit our blog. You can follow Michal's insights from these trips on his Instagram.

Ask me anything with international guests, Stavros and Loizos

Foreign expansion permeated the theme of our last AMA. Led by our trading frontman, Tomáš Hucík, it also featured Stavros Hadjikyriacou, CEO of Probinex IKE (our Greek office), who also oversees all licensing and regulation, answering questions from the live audience. Plus Loizos Georgiades, our esteemed business partner, who is instrumental in managing Probinex's expansion into Romania.

A range of topics were discussed during the AMA, including the pitfalls of the crypto industry, the personal experiences of seasoned financial veterans Stavros Hadjikyriacou and Loizos Georgiades, and the opportunities presented by new regulatory frameworks. We will bring you the full recording including subtitles soon.

We are improving our official communication!

Based on your suggestions, we are introducing a more detailed form of communication that will give you even more insight into our direction and results. You were most interested in the development of the PBX price, but also in the stability of the entire Probinex project. 

Therefore, we will support our new communication with even more data. As part of our roadmap, we will also present our vision and goals, explaining their impact on the future development of the PBX price.

We are also preparing a new StayKing transparency map, following the model of Earnio, which will give you even more insight into how StayKing operates.

Bitcoin is rocking the world, what can we expect in the future? 

Bitcoin is considered by many to be the quintessential cryptocurrency, and to others, a symbol of cryptocurrencies in general. It is therefore logical that the development of the bitcoin price greatly influences the cryptocurrency market. Our trading frontman, Tomáš Hucík, therefore focused on bitcoin and the situations behind its current price development in his latest article.

You can read all about the impact of the presidential election in America, the lowering of interest rates and the acceptance of bitcoin by big financial players like Blackrock on the price of bitcoin in his article on our blog.

Implementation of the new Fireblocks technology is approaching

In our last newsletter, we informed you that Probinex, like Revolut and eToro, is transitioning to the Fireblocks platform, the current leader in cryptocurrency security. 

We have compiled all the information, including the fact that the switch will mean only one visible change for you, i.e. a new wallet address in your client account, in an overview article. 

And that's it for now. Thank you for your support and we wish you a successful October!  

Your Probinex Team