Eyal Hertzog

And we provide like a different way that does not require traders bid and ask.

It automatically finds the market rate according to some formula.

It's interesting stuff, but it's an alternative.

So the whole model of the price that is changing, as you know, it used to be $10 and today it's $200 per Ether and the prices between all the currencies, between cryptocurrencies and regular currencies is always changing.

And it's changing because there are market and people buying and selling and your ability to convert one to the other is what I call liquidity.

It's the ability to really change my shekels to dollars or Bitcoin to Ether.

What we're doing is providing an alternative, we believe, a much better solution for liquidity relative to the solution that exists today.

Today, the solution is exchanges like Coinbase.

Coinbase has an exchange, SEDEX.

That's their exchange.

But there are many exchanges like Polonix and, you know, Empty Goffs used to be an exchange.

currencies between each other to exchanges which is based on smart contracts it's automated it doesn't require any any central service so it's a very novel kind of concept of how to change between currencies so did bank did bank or networks also do their own kind of ico or token issuance and that's how you created the bnt i assume that stands for the bank and network token

Yes, yes.

We did our own ICO for the token that's called BNT that is going to be used in this network of token conversion or asset conversion network.

And we raised in three hours something that was, at the time, $153 million, which was, at the time, the largest fundraising ever.

But that record was quickly broke by following ICOs.

Exactly 30 days ago, like in 12th of June.

So we did something which is more open.

We said that for the first few hours, everyone that want to invest will have the opportunity and...

According to that, everyone will get exactly the same rate.