October was a month of domestic and international milestones for Probinex. Earnio entered the month with a record allocation of 1.4 million USD, and Probinex was awarded the Czech Business Council's Jumper of the Year 2024.

Headnote by project co-founder Adam Neuberger

In October, we finalized the implementation of Fireblocks, which was implemented for all clients in their client accounts as of 4.11. It's a big step up for Probinex in terms of security, but also scalability and the institutional market.

 In October, Michal visited Greece as part of the Probinex Money Show, where potential new collaborations are starting to take shape to help our expansion in Greece. We also launched a communication called On the verge of regulation, where you can learn all about the changes we are making to be ready for the arrival of regulation in all aspects, such as economic and not just legislative.

And what can you look forward to in November? I'm finalizing the data-driven communication. You will understand even more why the project should be successful and create demand for PBX utility!

StayKing results for October 2024

October was a dynamic month in the global financial and cryptocurrency markets, influenced by a number of global economic news, regulatory measures and significant investments. What is almost palpable, however, is the "uncertainty around the outcome of the US election".

Trading in such an unstable and volatile environment is always very risky, so we have decided not to hold positions in active futures trading for long, our bionic discretionary trading has mainly focused on intraday trading, i.e. trading where positions are opened and closed within the same day.

Intraday trading takes place in a relatively aggressive environment where you need to work effectively with risk and stop-loss orders and not be afraid to close positions if they do not perform as expected. Moreover, all this can happen really quickly, even in a matter of minutes. This month, we did not do very well in intraday futures trading, as volatile swings occurred at the exact moments when our protective stop-loss orders were activated, and trades were thus gradually closed at small losses. 

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

Our own trading ended this month in the negative by about 1%. However, thanks to Earnio also contributing to StayKing, we distributed a total of 98,732 PBX worth $9,424 in rewards for October among StayKing participants.

What is brewing at Probinex?

Probinex on the verge of regulation  

The world of digital assets is heading into a new era of regulation and Probinex is fully prepared for it. We are therefore coming up with news, changes and updates that will take us one step further on our journey into the regulated world. We have a lot of changes in store for you, so we're gradually putting all the news on our new website. Here you'll find an overview of all the current changes, as well as details of how they are progressing and the reasons that led us to implement them. 

Client wallets are now even more secure with Fireblocks technology

One of the first changes on the verge of regulation is the implementation of Fireblocks technology, the current leader in digital asset management security. This technology is also used by the biggest players in the market, such as eToro, Revolut and Bank of New York.  

As of November 4, these players include Probinex, which will use Fireblocks to provide even greater protection for client wallets, even in the event of a cryptocurrency exchange crash. Fireblocks also brings efficient and fast transaction execution, which will allow us to provide even more reliable and faster services than before. Additionally, as we move into the regulated world, the Fireblocks platform helps us meet demanding regulatory requirements with integrated compliance tools, which increases our credibility in the eyes of partners, regulators and clients.

Introducing new StayKing levels and updated terms and conditions 

As part of our news on the verge of regulation, we're also bringing an update to the terms and conditions of our royal loyalty program, StayKing, and a new level division that will bring a sustainable rewards system to the general public. The latter will require PBX lock-in at a higher value than previously to achieve benefits in products such as Earnio.

At the beginning of the project, we set very favorable conditions in our products for our first clients. As a thank you for their trust and support in our early days, we want to allow these clients to keep these terms for the duration of their active StayKings and also offer them the option to keep the terms for their expiring StayKings by upgrading them.

Another benefit we offer clients before the new terms come into force is the option to join StayKing on the existing terms until the end of 2024. StayKings created before this time will also have the option to retain the favourable terms by future upgrade. The new conditions for reaching StayKing levels will come into force in the new year. 

Earnio entered November with a record allocation of 1.4 million USDC, the limit for the Fix option was reached 

Earnio Fix has had more than a year of successful operations. Based on your enormous interest in this product, we have gradually increased the limit to gain the favourable initial terms of the promotion, which has enabled us to obtain a two-year track record of proven results that will streng then our position as regulations come into effect.

We set the total limit for allocations to Earnio Fix at $10,000,000 USDC and this limit was met during October's record allocations. Earnio is thus entering the next phase, which will bring a new version of the product reflecting the current market situation and our plans for the future. The appreciation rate will also match the new StayKing terms and conditions, further boosting demand for PBX.

We are offering existing clients the option to extend the original terms for a further year if their StayKing linked to the Earnio benefit level is still active. For the future development of the product, we are adding some important new features to the terms and conditions, which will change the contract system from loans to asset management once the CASP license is earned, allowing the product to scale even further. Stay tuned for more information coming soon.  

Probinex as a VIP guest at the Bybit gala event 

Bybit is the world's second largest exchange in terms of transaction volume and Probinex trades on it under its corporate account Probinex IKE. Thus, part of the profits that are reflected in the rewards for our clients in Earnio originate here. In addition, we trade such a significant volume on the exchange that Bybit has classified us as one of its VIP clients.

And it was this VIP clientele that was invited to the gala event on October 12 in Athens, where Probinex was represented alongside 60 other prominent project representatives from the crypto industry by Michal Baturko Olbert, co-founder of the project and an expert in making the most of networking opportunities.  

Probinex Money Show in Greek rhythm 

In October, Probinex was active not only at home, the co-founders of the project, Michal Baturko Olbert and Adam Neuberger, spent part of the month abroad, where they focused on the expansion of Probinex to additional important markets. In Greece, the main item on the agenda was undoubtedly the Probinex Money Show.

And its first stop? Athens!

There, on October 19, the first of a series of Probinex Money Shows in Greece took place. During the busy day, Michal managed to present Probinex in one-to-one business meetings and presentations for up to 40 people. In addition, one of his speeches was given with a Greek version of the presentation, with Michal's English speech being simultaneously translated into Greek in the form of subtitles. This was a new challenge for our marketing team based in Brno, which we successfully met. 

Czech Business Council in Dubai announced Probinex as the jumper of the year 2024 

The Czech Business Council's 10th anniversary meeting took place in Dubai and Probinex was not to be missed. The award was accepted by Michal Baturko Olbert, who gave a presentation to nearly two hundred prominent entrepreneurs in the room on how regulations are slowly but surely helping the mass adoption of digital assets in a world where Probinex is a key player.

Together with Michal, two winners of our VIP StayKing Diamond competition also attended the Czech Business Council annual meeting. In Dubai, they also visited the offices at Jumeraih Emirates Tower and attended the Blockchain Life 2024 conference as part of their extensive program.

Start your business with Probinex Business trainings 

For those who want to build their business with Probinex, in October we launched new communication channels and a series of business trainings during which the Probinex team passes on their experience and know-how. 

We are now communicating business news to you on our Probinex Business Instagram and a new telegram channel under the same name Probinex Business.

An overview of all business training sessions, their recordings and all relevant materials can be found on the Probinex Business Training website, where you can also register for individual training sessions. Here you will also find links to recordings of all the online training sessions that have already taken place.

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

Your Probinex Team