Cereal Wins Investor’s Award at D10e

Platform recognized as radical new opportunity for crypto owners

Tokyo, May 1st — Out of a competitive pool of 21 ICO presentations at D10e, the prestigious global blockchain conference, Cereal was awarded 3rd Prize and a $33,000 check by the Blockchain Investors’ Consortium — one of the world’s leading, $5BN, blockchain investment groups.

CEO, Sergey Vart, who delivered the prize winning presentation, was jubilant about the award, but feels it was not surprising given the potential of the platform: “The award really speaks to the incredible strength of the Cereal project. It’s an honor to be sure, but I feel it was also a natural choice for the judges — we’re really developing a ground-breaking platform that offers to take crypto assets in a whole new direction.”

To explain the Cereal opportunity, Sergey Vart introduced a character - Dave - a hypothetical owner of mining equipment and Cereal client:

“Dave has a problem. He receives all of the income he earns in cryptocurrency. But he lacks fiat money to cover expenses, pay rent, pay salaries, and purchase mining equipment. But Dave doesn’t want to sell his cryptoassets to get the necessary fiat, because he believes his cryptoassets will grow in value. Cereal can solve Dave’s problems. We provide him with anopportunity to use use his cryptoassets as collateral in order to receive a loan in fiat currency.”

Cereal offers to provide crypto owners access to up to 50% of the value of their assets in fiat loans. Additionally it will offer installment purchases of crypto mining equipment, allowing for a broader range of people to enter the space. Vart’s presentation dug deep into this opportunity: “There are so many people out there holding their crypto assets and locking up the value that these represent. The ability to use these assets actively for short term access to fiat is really exciting, and the judges at D10e clearly recognize that.”

Cereal Head of Analytics, Ilya Vorobiev, spoke to many interested conference attendees about the historic opportunities of the Cereal platform:

“ The current cryptoasset infrastructure already allows to hold, trade and exchange cryptocurrency as well as to mine and use it as a limited medium of payment. But in comparison with traditionally advanced fiat market, the cryptocurrency market lacks developed credit instruments. We saw a perspective here for us.”

Cereal plans to launch its public sale in 12 days on Cryptonomos, the leading ICO platform for global crypto buyers. “It’s wonderful being here in Japan,” Vart observes, “this is a market that has really embraced the potential of decentralized assets, and there is a wide percentage of the population who hold crypto. They know Cereal is an exciting opportunity.”

To learn more, the Cereal Whitepaper is available here.

To join the discussion, visit the Cereal Telegram at: https://t.me/cerealico

Cereal ICO website: https://cereal.cryptonomos.com/

Product website: https://cerealfinance.com