Peakon Investment

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INVESTMENT PRODUCTS

PEAKON BTC TRUST

This investment product as legal counsel to the Sponsor of PEAKON Bitcoin Trust. Financial statements for the PEAKON Bitcoin Trust are audited annually. PEAKON Bitcoin Trust’s assets are stored in offline or “cold” storage with Coinbase Custody Trust Company, LLC, as Custodian. The Custodian is a fiduciary under § 100 of the New York Banking Law and a qualified custodian for purposes of Rule 206(4)-2(d)(6) under the Investment Advisers Act of 1940, as amended.

This investment product as legal counsel to the Sponsor of PEAKON ETH Trust. Financial statements for the PEAKON ETH Trust are audited annually. PEAKON ETH Trust’s assets are stored in offline or “cold” storage with Coinbase Custody Trust Company, LLC, as Custodian. The Custodian is a fiduciary under § 100 of the New York Banking Law and a qualified custodian for purposes of Rule 206(4)-2(d)(6) under the Investment Advisers Act of 1940, as amended

PEAKON ETH TRUST

CRYPTO GREEN ENERGY MINING

Peakon will initiate to accelerate the new mining community shift to a sustainable green mining sector. These include more use of renewable energy, but also a range of other initiatives to embrace more energy-efficient protocols, carbon offsets.

The past month’s selloff in the cryptocurrency markets has focused attention on Bitcoin’s energy usage, and its reliance on fossil fuels for the mining operations that secure its blockchain operations. A recent study by Cambridge University found that about 39 percent of the Bitcoin network is powered by renewable energy. This is an international challenge, as the U.S. represents about 7 percent of the global hash rate, compared to 65 percent for China.

 Peakon promotes Clean Energy Investments which will be created by peakon innovation hub to support miners to drive adoption and efficiency of renewables green mining ecosystem.

PEAKON lending platforms speed up loan processing times and reduce growing costs. Without middlemen, PEAKON provides lenders with competitive loan offers and secure transactions.

PEAKON-based smart contracts ensure that both loan seekers and lenders agree to fair and feasible terms regarding things like proof-of-funds and payment planning. These real-time contracts validate and record transactions without the use of pricey lawyers and banks, and the decentralized nature of alternative lending lets borrowers access a larger pool of competitive financing offers. 

PEAKON LENDING

CRYPTO SAFE STORAGE

What Is Cold Storage?

Cold storage is an offline wallet used for storing bitcoins. With cold storage, the digital wallet is stored on a platform that is not connected to the internet, thereby protecting the wallet from unauthorized access, cyber hacks and other vulnerabilities to which a system that is connected to the internet is susceptible.

KEY TAKEAWAYS

  • Most cryptocurrency wallets are digital, but hackers can sometimes gain access to these storage tools in spite of security measures designed to prevent theft.
  • Cold storage is a way of holding cryptocurrency tokens offline.
  • By using cold storage, cryptocurrency investors aim to prevent hackers from being able to access their holdings via traditional means.

Understanding Cold Storage

When a checking, savings or credit card account with a traditional bank has been compromised, the bank is able to refund the lost or stolen money back to the account holder. However, if your cryptocurrency account or wallet has been compromised and your bitcoins have been stolen, the owner would be unable to recover his coins. The reason for this is that most digital currencies are decentralized and do not have the backing of a central bank or government. Hence, there is a need for a safe and secure medium of storage for bitcoins and altcoins.

A bitcoin wallet is associated with the public and private keys of a bitcoin owner. The private key given to any bitcoin user is a unique string of alphanumeric characters required to access the user’s bitcoin holdings for spending purposes. The public key is akin to an account name and helps to identify a destination for coins that are being sent to the wallet.