An Altcoin Has Formed a Partnership with a Major Company; It Will Acquire Its Tokens—Price Surges Suddenly

AGI3, a conglomerate of Kinetic Group and developer of the decentralized finance protocol Fluid, has submitted a governance proposal for a strategic ecosystem partnership focused on corporate finance and real-world assets.

According to the proposal, Kinetic Group plans to acquire up to 10% of the total supply of FLUID tokens through secondary market purchases and over-the-counter transactions. It was stated that the tokens to be purchased will not come from the Fluid DAO treasury or team allocation.

The Fluid Foundation will also reserve 5% of the FLUID supply for safekeeping in compliant private banks and institutional digital asset custodians in Switzerland, the European Union, Hong Kong, and Singapore. These tokens will remain locked for at least four years, until 2030.

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As part of the partnership, AGI3 will also transfer 2% of its company shares to Fluid Foundation. A four-year lock-in period will apply to these shares.

AGI3 Markets, the core product of AGI3, is designed as a permissioned DeFi platform for institutional investors. The platform will feature KYC and anti-money laundering controls and will support trading and lending of real-world assets such as tokenized private loans, government bonds, commodities, equities, and corporate bonds.

According to the agreement between the parties, all protocol revenues and incentive budgets generated through AGI3 Markets will be shared 50/50 between Fluid and AGI3.

*This is not investment advice.

Continue Reading: An Altcoin Has Formed a Partnership with a Major Company; It Will Acquire Its Tokens—Price Surges Suddenly