GOLD CRYPTO COMPANY ICON CAPITAL LISTS ON GXG FIRST QUOTE
-----------------------------For Immediate Release-----------------------------
LONDON, AUGUST 07, 2014
ICON Capital Reserve SA (“ICON”) the Panama based financial services company behind AUREALS™, a crypto-currency fungible with physical gold, is pleased to announce that its’ common shares have been admitted to trade on the First Quote of GXG Markets in Europe (www.gxgmarkets.co.uk).
ICON CEO J. Bradley Hall commented, “Voltaire was famously quoted as saying ‘Paper money eventually returns to its intrinsic value – zero’ and the fiat currencies of the world seem to be in a race to see who will be next. Of the 775 fiat currencies launched throughout history, 559 have disappeared completely, so the continued debasement of the $USD, appears to be assured and we have launched ICON to participate in shaping what may come next. Listing our shares on GXG Markets is an important step in our corporate development.”
ICON COO John Gainor observed, “I think we can agree that the last century was an industrial revolution where resources were centralized and automation was used to extract efficiencies. Our current, closed financial system reflects this approach where trust is achieved through access control, encryption, firewalls, strong authentication, and careful vetting (KYC) all aimed at excluding bad actors. This centralized financial system is being disrupted through innovation and internal decay.”
Mr. Hall added “The full faith and credit of fiat currency issuers is being eroded. ‘The Emperor Has No Clothes’ is a growing sentiment but another explanation may have to do with applied mathematics and this century’s technology revolution, which now includes a shift to a ‘peer-to-peer’ architecture.”
ICON’s Hall also observed, “In the new, decentralized financial model, auditors and enforcers are replaced by ‘consensus trust’, which involves increasingly difficult computational calculations that are solved by harnessing the computing power of millions of peers on the network. Applied mathematics alone may one day create the trust required for peer-to-peer transactions of any asset but today AUREALS™ denominated in gold, marry the promise of math based trust to a 6000 year old store of value that in 1912 JP Morgan famously observed ‘Money is GOLD – Nothing else’.”
Axiom Capital Limited – Corporate Adviser
David Sinclair FCA, CF
Phone: +44 020 3114 2128
Stock market symbol: ICON 3G
Common code: 109034886
CBL long name: SHS ICON CAPITAL RESERVE ORD REG
About ICON CAPITAL RESERVE SA:
ICON (ICON: G4 – GXG Markets London) is a financial software company led by a management team with international finance, risk management, digital cryptography, governance and gold trading experience. In addition to a fully regulated listing in Europe, the Company has a near term goal of passporting its common shares to the OTC in New York via a 12g3-2(b) exemption.
ICON is launching AUREALS™ as a decentralized, digital method of exchanging value. Each AUREAL™ is denominated as a 1 gram weight and measure of physical gold, creating the most trusted exchange of value utilizing the most trusted store of value for 6000 years.
AUREALS™ represent an historic breakthrough in applied mathematics and cryptography. They are sophisticated, proprietary DIGITAL BEARER BONDS™ built on the open source, ledger book protocols called the block chain that have been battle tested for 6 years.
Creators and custodians of significant wealth can seamlessly transfer value into AUREALS™, which can be securely and discreetly transferred anywhere in the world, in seconds. The AUREALS™ denominated as a 1 gram weight and measure of gold, can be held as a store of value or exchanged for any other asset of value including currencies or allocated physical gold, which is stored in non-bank vaults in free zones around the world including, but not limited to, Hong Kong, Shanghai, Singapore and Switzerland.