Neptune Dash Announces Corporate Update
16 11월 2019 - 7:45AM
Neptune Dash Technologies Corp. (“Neptune Dash” or the “Company”)
(TSX.V:DASH) (OTC:NPPTF) (FWB:1NW) is pleased to provide an update
on corporate strategy.
Neptune Dash is pleased to update shareholders
as to the ongoing corporate strategy. As of the date of this news
release the Company holds approximately 125,000 ATOM growing at a
rate of 10% per annum. The Company also has over 16,100 Dash tokens
in the form of Dash Masternodes earning rewards at a rate of 5.6%
per year as well as a variety of other crypto currencies including
Bitcoin, Ethereum, Litecoin, Stellar, NEO, Omisego, and QTUM. The
Company also advises that while it had previously launched a Cosmos
Network Validator and secured enough delegations to put it on the
exclusive list of 100 network validators, the costs of maintaining
the validator outweighed the commissions received by delegators and
as such has dropped the validator in order to grow its ATOM
position using an arm’s length top ten Validator.
“In spite of a relatively subdued crypto market
since June of this year, we have been able to substantially cut
operating costs and increase crypto earnings through
diversification into Cosmos ATOM. As always, the Company remains
dedicated to maximizing crypto asset returns and building a strong
and diversified crypto portfolio through strategic purchases of top
market cap tokens," stated Cale Moodie, Neptune Dash CEO.
The Company is pleased to announce that it has
added Carmen To to the board of directors and as chairman of the
audit committee. Mr. To is a CPA, CA and previously worked at KPMG
LLP on both private and public company clients. Mr. To is now an
independent consultant and successful entrepreneur working in a
variety of industries from real estate to management consulting.
Jackson Warren and Guy Halford-Thompson have resigned from the
board in order to allocate their time to their new venture, Pepper
Esports. The Company wishes them the best in this new venture and
thanks them for their contributions over the last two years.
About Neptune Dash Technologies
Corp.
Neptune Dash primarily builds and operates
Masternodes and invests in blockchain related technologies. Neptune
Stake is a wholly owned subsidiary of Neptune Dash and adds
diversification to the Company’s cryptocurrency portfolio by
investing in Proof of Stake tokens and their associated blockchain
technologies.
For further information please
contact:
Neptune Dash Technologies Corp. Cale Moodie,
President and CEO Phone: (604) 319-6955 Email:
info@neptunedash.com
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Forward-Looking Statements
This release contains certain “forward looking
statements” and certain “forward-looking information” as defined
under applicable Canadian securities laws. Forward-looking
statements and information can generally be identified by the use
of forward-looking terminology such as “may”, “will”, “expect”,
“intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”
or similar terminology. Forward-looking statements and information
include, but are not limited to, the continued success of the
Company’s pooling service and anticipated revenues from such
services; the value of the Company’s digital currency inventory;
the business goals and objectives of the Company, and information
concerning the intentions, plans and future actions of the parties
to the transactions described herein and the terms thereon.
Forward-looking statements and information are based on forecasts
of future results, estimates of amounts not yet determinable and
assumptions that, while believed by management to be reasonable,
are inherently subject to significant business, economic and
competitive uncertainties and contingencies. Forward-looking
statements and information are subject to various known and unknown
risks and uncertainties, many of which are beyond the ability of
the Company to control or predict, that may cause the Company’s
actual results, performance or achievements to be materially
different from those expressed or implied thereby, and are
developed based on assumptions about such risks, uncertainties and
other factors set out here in, including but not limited
to: the inherent risks involved in the
cryptocurrency and general securities markets; the Company’s
ability to successfully mine digital currency; revenue of the
Company may not increase as currently anticipated, or at all; the
Company may not be able to profitably liquidate its current digital
currency inventory, or at all; a decline in digital currency prices
may have a significant negative impact on the Company’s operations;
the volatility of digital currency prices; uncertainties relating
to the availability and costs of financing needed in the future;
the inherent uncertainty of production and cost estimates and the
potential for unexpected costs and expenses, currency fluctuations;
regulatory restrictions, liability, competition, loss of key
employees and other related risks and uncertainties. The Company
undertakes no obligation to update forward-looking information
except as required by applicable law. Such forward-looking
information represents management's best judgment based on
information currently available. No forward-looking statement can
be guaranteed and actual future results may vary materially.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements or information.
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