KYN Capital Group Inc (OTCMKTS:KYNC) stock ended with double-digit gains on Monday after witnessing heavy selling pressure over the past month. The stock is down 58% over the past month.
Market Action
On Monday, KYNC stock jumped by 16.67% at $0.0084 on hefty volume. The stock has traded 122.58 million shares compared to its average volume of 165.53 million shares. The stock opened at $0.0076 and moved in a range of $0.0075 – 0.0088.
Major Trigger:
KYN Capital Group, Inc. Announces Partnership with BW Property Management Group to Deliver Koinfold™, Potential Reach Over 100,000 Homes
Key Highlights:
- KYNC announced a partnership with the National Homeowners Association d.b.a BW Property Management Group to deliver cryptocurrency payments to more than 2,500 homeowners.
- Through this partnership, the National Homeowners Association will offer nationwide discounts on home services of more than 50% for lawn care, maid service, handyman service, and much more to homeowners who make payments using the Koinfold™ mobile application.
- The plan is to make this offer available across the U.S., starting in Orlando Florida within the next 1-2 months. This partnership could potentially reach over 100,000 homes within 12 months which immediately impacts the market share currently dominated by companies such as Angie, HomeAdvisor, Thumbtack, and other home service platforms, not to mention crypto trading platforms such as Coinbase as well.
Key Quote:
“Rick Wilson, CEO of KYN Capital, is very excited about this partnership and can foresee even more enticing opportunities for our clients,” says Solomon Williams, President of BW Property Management Group. “We believe KYN Capital was the perfect choice for this partnership as they have demonstrated plans for delivering above and beyond the capabilities needed to accommodate what we are doing in the very near term on a national scale.”
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