Latest news with #Plutus
Yahoo
29-05-2025
- Business
- Yahoo
Trident Resources Announces Appointment of Scott Broughton as Strategic Advisor
Vancouver, BC, May 29, 2025 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) ('Trident' or the 'Company') is pleased to announce the appointment of Mr. Scott Broughton as a Strategic Advisor. Scott Broughton is an accomplished mine development and minerals exploration professional with global experience in the mining sector for over 35 years. He has worked in diverse geographic and technical settings with international consulting practices including time at Stantec, BGC and Klohn Crippen Berger. Mr. Broughton has also led several public and private mineral exploration businesses focused on gold, copper, lead/zinc, and industrial minerals. His work has been recognized by governments and industry associations for excellence in community engagement, permitting and the environment. Mr. Broughton has an extensive mining network and has served as past chair of the Mining Association of British Columbia (MABC) and a director of the Association of Mineral Explorers of BC (AMEBC). Jon Wiesblatt, Trident's CEO and a Director, commented: "I am excited to welcome Scott as a strategic advisor to our emerging, pure-play Saskatchewan advanced-stage exploration company. Scott's exploration and engineering experience will be crucial as we advance our projects. Specifically, as we explore at Contact Lake, a past producing, high-grade, underground operation, Mr. Broughton's skillset will become very useful in helping to achieve success at the project." Trident Engages Strategic Marketing Groups: Trident has entered into an agreement with Plutus Invest and Consulting GmbH ('Plutus'), pursuant to which Plutus will provide the Company with marketing and communications services for a twelve-month term commencing on May 28th, 2025. The marketing services provided by Plutus will include consulting with the Company's management in building investor awareness through Plutus' network in Europe. The Company has agreed to pay Plutus a fee of CAD $120,000, payable upon the commencement of services and over the term. Plutus is arm's length to the Company and Plutus does not have any interest, direct or indirect, in the Company or its securities. The Company's engagement with Plutus is subject to the acceptance of the TSX Venture Exchange. Trident has also engaged Resource Stock Digest ('RSD') for a 3-month advertising and marketing program, commencing on May 28th, 2025, for a total cost of USD $125,000 payable prior to commencement of the campaign. The services provided by RSD to the Company relate to interviews and content creation that is distributed to RSD's subscriber base. The Company is an RSD Website Sponsor and will have a Featured Company Banner on the RSD website and will continue for the duration of the agreement. RSD is arm's length to the Company and does not have any interest, direct or indirect, in the Company or its securities. The Company's engagement with RSD is subject to the acceptance of the TSX Venture Exchange. About Trident Resources Corp.: Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX Venture Exchange focused on the acquisition, exploration and development of advanced-stage gold and copper exploration projects in Saskatchewan, Canada. The Company is advancing its 100% owned Contact Lake and Greywacke Lake projects which host significant historical gold resources located within the prospective and underexplored La Ronge Gold Belt, as well as the 100% owned Knife Lake copper project which contains a historical copper resource. Trident's Project Portfolio Map: To find out more about Trident Resources Corp. (TSX-V: ROCK), visit the Company's website at Trident Resources Corp. Jonathan Wiesblatt, Chief Executive OfficerEmail: For further information contact myself or:Andrew J. Ramcharan, PhD, Corporate Communications Trident Resources Corp.Telephone: 647-309-5130Toll Free: 800-567-8181Facsimile: 604-687-3119Email: info@ NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. Forward-Looking Information and Statements This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at for further information. Sign in to access your portfolio
Business Mayor
18-05-2025
- Business
- Business Mayor
80 Million Cardano in 48 Hours: Whales Buying ADA Dip?
According to CoinMarketCap data, Cardano, the ninth-largest cryptocurrency by market capitalization, is trading at $0.762, down 1.38% in the last 24 hours and 4.05% in the last seven days. Amid a broader market drop in the past week, Cardano fell for four straight days since May 14. Cardano had achieved a high of $0.864 on May 12, but bulls were unable to sustain momentum as investors considered macroeconomic concerns. ADA is currently attempting a recovery, with prices reaching intraday highs of $0.766 in the early Sunday session, but the price remains in the red daily. Amid the price drop, large holders referred to as whales appear to be scooping up Cardano at a discount. According to crypto analyst Ali, who cited data from Santiment, whales have bought over 80 million ADA in just the last 48 hours, even as the Cardano price fell. Whales have bought over 80 million #Cardano $ADA in the last 48 hours, according to data from @santimentfeed! May 17, 2025 This accumulation trend by whales suggests that smart money is taking advantage of lower prices to load up on ADA, potentially betting on a rebound once broader market sentiment improves. In the event of a market recovery, the focus would be on Cardano regaining the daily SMA 200 at $0.805 before moving to $0.864. If this is accomplished, ADA may target $1 next. In the case of a dip, support is expected at $0.72, ahead of the daily SMA 50 of $0.684. Cardano continues to expand According to the most recent information published by Input Output, Cardano continues to show steady growth across ecosystem metrics. The number of projects underway has risen to 1,999, with delegated wallets remaining steady at 1.33 million. On-chain activity also increased, with 109.37 million transactions completed and native assets reaching 10.79 million under 214,832 token policies. Smart contract deployment is strong, with 133,417 Plutus scripts and 6,640 Aiken scripts, representing a 0.49% increase in script activity over the previous week. Governance engagement has increased as well, with 1,305 DReps, 954 of which are active, up 1% from the previous figure. The 224 GitHub commits represent developer enthusiasm and indicate ongoing contributions across Cardano's codebase.
Business Mayor
02-05-2025
- Business
- Business Mayor
Plutus Completes Historic Final Reconciliation of PLU Rewards Pool and Announces Burn Schedule
Advertisment London, UK – April 30, 2025 – Plutus, a pioneer in the tokenisation of real-world assets (RWA) and creator of the first tokenised rewards system, Pluton (PLU) Rewards, laid the foundation for practical blockchain use by tokenising loyalty in 2015, setting a path that many would follow. Today, Plutus remains a leader in fintech, providing on-chain utility with real-world savings to customers across the UK and EU. Nearly a decade after the initial minting of the PLU Rewards Pool in 2016, Plutus has completed its 11th and final reconciliation in collaboration with Haggards & Crowthers, a UK regulated ACAEW Chartered Accountant, ensuring complete transparency and verification of all transactions. In the final reconciliation period between July 2024 and April 2025, Plutus cardholders collectively spent approximately $190 million (equivalent in local currencies), earning $13.78 million in savings through in-app PLU rewards. This brings the total all-time spend eligible for rewards to $811 million, out of approximately $1 billion spent with the Plutus Card, delivering an estimated $58 million in in-app savings to customers since inception. These milestones are built on the groundbreaking 2015 whitepaper written by Plutus Founder Danial Daychopan. The paper introduced the concept of tokenised loyalty rewards and is also the first recorded document to coin the term 'DEX' to describe PlutusDEX, a one-of-a-kind non-custodial crypto-to-fiat exchange, facilitating up to $50 million value in swaps for card top-ups over five years. Following the reconciliation of all eligible rewards, 2,478,822.91 PLU remains from the original 20,000,000 PLU Rewards Pool. This amount will be burned alongside 521,177.09 PLU from the Plutus Treasury, bringing the total burn to 3,000,000 PLU starting on 20th May 2025, and reducing the total supply from 20 million to 17 million by 20th July 2025. Further token burns are scheduled in the coming quarters, aiming to reduce the total supply to 13.8 million PLU, with the final burn expected on 20th December 2025, subject to confirmation. The approach highlights Plutus' commitment to creating a sustainable, efficient, and transparent reward system. 'The PLU burn marks a shift to a timeless rewards system, ensuring consistent, sustainable savings through our network of partners within the app. This move benefits everyday spenders, paving the way for utility-driven rewards, plus more from your daily card spending.' – Danial Daychopan, Founder & CEO of Plutus. The PLU burn marks the end of PLU emissions and is part of Plutus' shift to a dual-token system. Going forward, only the PLU that customers have already earned will be available for stacking to unlock savings and rewards in the app via connected wallets, with no new PLU being issued. Meanwhile, this will be replaced by a new Dynamic Rewards system, that offers instant, redeemable rewards within the app. This strategic shift creates a clear distinction between external stacking and redeemable rewards earned in-app, ensuring greater clarity, and consistent savings for Plutus customers. For more information: Final Reconciliation & Burn: PLU Rewards Pool | Final Reconciliation & Burn Schedule Dual-Token Upgrade: New Era for Stackers: Upgrade to Rare PLU Media Inquiries: press@ Website: About Plutus Plutus is a pioneer in tokenising real-world assets (RWA) and the creator of tokenised rewards, first introduced in 2015 during the early days of blockchain technology. By bridging traditional finance with decentralised systems, Plutus laid the foundation for the tokenisation that followed. Today, Plutus continues to innovate, offering seamless on-chain loyalty rewards, with approximately $1 billion in value spent through the Plutus Card, delivering $58 million worth of real-world savings via the Plutus app. Plutus now leads fintech innovation, empowering customers with unmatched savings and shaping the future of everyday card spending through a sustainable, utility-driven on-chain rewards system.
Malaysian Reserve
01-05-2025
- Business
- Malaysian Reserve
Plutus Completes Historic Final Reconciliation of PLU Rewards Pool and Announces Burn Schedule
LONDON, April 30, 2025 /PRNewswire/ — Plutus, a pioneer in the tokenisation of real-world assets (RWA) and creator of the first tokenised rewards system, Pluton (PLU) Rewards, laid the foundation for practical blockchain use by tokenising loyalty in 2015, setting a path that many would follow. Today, Plutus remains a leader in fintech, providing on-chain utility with real-world savings to customers across the UK and EU. Nearly a decade after the initial minting of the PLU Rewards Pool in 2016, Plutus has completed its 11th and final reconciliation in collaboration with Haggards & Crowthers, a UK regulated ACAEW Charted Accountant, ensuring complete transparency and verification of all transactions. In the final reconciliation period between July 2024 and April 2025, Plutus cardholders collectively spent approximately $190 million (equivalent in local currencies), earning $13.78 million in savings through in-app PLU rewards. This brings the total all-time spend eligible for rewards to $811 million, out of approximately $1 billion spent with the Plutus Card, delivering an estimated $58 million in in-app savings to customers since inception. These milestones are built on the groundbreaking 2015 whitepaper written by Plutus Founder Danial Daychopan. The paper introduced the concept of tokenised loyalty rewards and is also the first recorded document to coin the term 'DEX' to describe PlutusDEX, a one-of-a-kind non-custodial crypto-to-fiat exchange, facilitating up to $50 million value in swaps for card top-ups over five years. Following the reconciliation of all eligible rewards, 2,478,822.91 PLU remains from the original 20,000,000 PLU Rewards Pool. This amount will be burned alongside 521,177.09 PLU from the Plutus Treasury, bringing the total burn to 3,000,000 PLU starting on 20th May 2025, and reducing the total supply from 20 million to 17 million by 20th July 2025. Further token burns are scheduled in the coming quarters, aiming to reduce the total supply to 13.8 million PLU, with the final burn expected on 20th December 2025, subject to confirmation. The approach highlights Plutus' commitment to creating a sustainable, efficient, and transparent reward system. 'The PLU burn marks a shift to a timeless rewards system, ensuring consistent, sustainable savings through our network of partners within the app. This move benefits everyday spenders, paving the way for utility-driven rewards, plus more from your daily card spending.' – Danial Daychopan, Founder & CEO of Plutus. The PLU burn marks the end of PLU emissions and is part of Plutus' shift to a dual-token system. Going forward, only the PLU that customers have already earned will be available for stacking to unlock savings and rewards in the app via connected wallets, with no new PLU being issued. Meanwhile, this will be replaced by a new Dynamic Rewards system, that offers instant, redeemable rewards within the app. This strategic shift creates a clear distinction between external stacking and redeemable rewards earned in-app, ensuring greater clarity, and consistent savings for Plutus customers. For more information: Final Reconciliation & Burn: PLU Rewards Pool | Final Reconciliation & Burn Schedule Dual-Token Upgrade: New Era for Stackers: Upgrade to Rare PLU Media Inquiries: press@ Website: About Plutus Plutus is a pioneer in tokenising real-world assets (RWA) and the creator of tokenised rewards, first introduced in 2015 during the early days of blockchain technology. By bridging traditional finance with decentralised systems, Plutus laid the foundation for the tokenisation that followed. Today, Plutus continues to innovate, offering seamless on-chain loyalty rewards, with approximately $1 billion in value spent through the Plutus Card, delivering $58 million worth of real-world savings via the Plutus app. Plutus now leads fintech innovation, empowering customers with unmatched savings and shaping the future of everyday card spending through a sustainable, utility-driven on-chain rewards system. Photo – –
