Digital Currencies

BioPower Operations Corporation – currently in the process of changing its name to HYFI Corp. – Announces “The Athena Project”, in Collaboration with Sanctum Studios

BioPower Operations Corporation (OTC: BOPO) – currently in process of changing its name to HYFI Corp. (“HyFi”), subject to clearance by FINRA, and Sanctum Studios (“Sanctum”) have executed an agreement for the creation of a digital art collection for the HyFi Vault Program, called “The Athena Project”. The parties have agreed that their collaboration and Sanctum’s Statement of Work would result in a variable rate payable to Sanctum, depending on vaults sold. The Sanctum deliverables are due by July 1, 2022 or earlier. 

The Sanctum deliverables include conceptualizing, creating and producing a collection of 20,000 unique 3D digital art assets based on a futuristic interpretation of the Greek Goddess Athena who is being positioned as protector and defender of the HyFi Vaults. Varying degrees of rarity will be established within the 20,000 Athena Variants based on parameters to be determined by the parties. In addition, Sanctum will create a unique “1 of 1” concept (either 2D or 3D) that HyFi can use based on a large masterwork that may be “Gamified” as an NFT. 

Sanctum Co-Founder Jordan Broe stated, “A partnership like the one with the team at HyFi only comes around once in a lifetime, and to be able to bridge the gap between art, science and technology is not only a unique opportunity for Sanctum Studios, but an exciting one as well – and we can’t wait to push ‘The Athena Project’ into this new and ever-evolving digital frontier.” 

Sanctum Co-Founder Justin Fields stated, “Getting a chance to work with HyFi is going to be truly exciting. As a company, it is a pleasure for Sanctum Studios to work with another team whose core values and goals align with those of ours. And to be entrusted with a project like this is thrilling, and we believe that our passion for art will align perfectly with HyFi’s vision for ‘The Athena Project.’” 

HyFi CEO Troy MacDonald commented, “The Sanctum founders have vast experience working with industry giants, such as Marvel Studios, DC Entertainment, Blizzard Entertainment, Disney, Sony, Netflix, Warner Brothers, Microsoft, Paramount Pictures, 20th Century Fox, Halon Entertainment and many more., We have selected Sanctum to bring The Athena Project to life and produce unique 3D digital art assets that may become very valuable, especially if licensed in the future for brands, games, movies, and other digital uses.” 

About HyFi Vault Program: The HyFi Vault Program is being developed for three main purposes: (1) to create an immediate and sustainable path to revenue for the Company by creating a unique NFT which is intended to accelerate user participation by providing a main entry point to become a member and begin interacting with the HyFi DeFi Marketplaces; (2) couple the market opportunities associated with one or more Art collectibles; and (3) harness inspiration and influence from the GameFi industry. 

The HyFi Vault Program will be the “Front Door” to HyFi and its associated DeFi marketplaces positioned as a well-rounded tool-kit for all that is needed to interact with the HyFi DeFi marketplaces plus a bonus of an Art asset/s collectible. 

When a user purchases a HyFi NFT Vault it contains an assortment of items such as: 

1) Art Collectible(s) – with a 1 in 5 chances of obtaining a Premier Art Collectible*;

2) A Pro or Ultimate Lifetime HyFi Membership – Token buyers are expected to have a 1-in-5 chance of obtaining an Ultimate Lifetime Membership and a 4-in-5 chance of obtaining a 2-year Pro Membership;

3) Gift Vouchers – to be used in the marketplaces or subsequent Vault purchases; and

4) HyFi Tokens – to be used for further purchases of Vaults and membership items. 

*Art Collectibles/ Premier Art Collectibles: The inclusion of any art assets should qualify into the HyFi NFT Vault to be listed on various art focused NFT marketplaces, such as OpenSea. 

We intend to sell the HyFi NFT Vaults to individuals and businesses. 

About BioPower Operations Corporation 

BioPower Operations Corporation (OTC: BOPO) is in the process of changing its name, subject to clearance by FINRA, to HYFI Corp. We are a U.S.-based fintech company that has developed and owns an innovative blockchain technology called “HyFi”. We license, operate and enable tokenized economies for various DeFi marketplaces and intend to utilize our technology for centralized finances with our membership programs and future commodity exchanges with third parties. We intend that the DeFi marketplaces can be used by client Issuers who register offerings with SEC or comparable international regulators to offer NFT initial license offerings (“ILOs”), bridge loan offerings (“BLOs”), and pre-initial public offerings (“IPO”). 

The HyFi technology is also a candidate infrastructure for use in the metaverse and play-to-earn GameFi industry. HyFi technology allows users to securely own assets or items and move them across different platforms without the need for a central party’s permission. The HyFi technology is expected to allow for transparent trading of decentralized assets like NFTs and digital assets. The DeFi principles are based on the creation of an innovative ecosystem of financial services accessible to anyone with internet access. 

Forward-Looking Statements 

All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in HyFi’s filings with the Securities and Exchange Commission (under the name BioPower Operations Corporation). Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond HyFi’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects HyFi’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. HyFi assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The contents of any website referenced in this press release are not incorporated by reference herein. 

Media Contact
Troy MacDonald, CEO
https://hyfi-corp.com/
+1-786-923-0272

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Tokens.com Shares Positive Outlook on Ethereum Merge

Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a publicly-traded company that invests in Web3 assets and builds businesses linked to crypto staking, the metaverse and play-to-earn gaming, shares its positive outlook on the upcoming Ethereum Merge and the impact to its staking business segment.

Ethereum, the most widely used blockchain for NFTs and Web3 metaverses, will be making a significant processing upgrade on or about September 15th. The upgrade, called the ‘Merge’, marks the transition from a proof-of-work mechanism, performed by crypto miners, to a proof-of-stake mechanism, performed by crypto stakers.

The upgrade will require 99.9% less energy consumption to validate transactions than the previous mining process. As a result, the Ethereum blockchain will no longer require miners, who will be fully replaced by stakers, like Tokens.com. The upgrade will also allow Ethereum to achieve greater scale, with faster transaction speeds and lower transaction fees. Ethereum’s native token, ETH, is the second largest cryptocurrency after Bitcoin with a market capitalization of approximately $200 billion.

Tokens.com has been staking ETH at scale since early 2021 and owns over 3,100 ETH. Tokens.com anticipates no impact to its operations through the completion of the Merge other than increased revenues. Subsequent to the Merge, it is expected that the compensation for staking ETH will increase from current levels.

“We have been early adopters of the shift to staking and are one of the first public companies to own and stake ETH at scale,” said Andrew Kiguel, CEO of Tokens.com. “Long-term mass adoption of Web3 and crypto requires a move to environmentally friendly processes. As a result, we have continued staking Ethereum, Solana, Polkadot and other layer one blockchains used in the creation of NFTs, metaverses and play-to-earn video games.”

Tokens.com is committed to only investing in tokens compatible with a staking platform due to its increased energy efficiency and environmental friendliness. In addition to its ETH token ownership, Tokens.com owns Polkadot and Solana used for its staking business, amongst other tokens.

About Tokens.com

Tokens.com Corp is a publicly traded company that invests in Web3 assets and builds Web3 businesses. The Company focuses on three operating segments: i) crypto staking, ii) the metaverse and, iii) play-to-earn crypto gaming. Tokens.com owns digital assets and operating businesses within each of these three segments.

Staking operations occur within Tokens.com. Metaverse operations occur within a subsidiary called Metaverse Group. Crypto gaming operations occur within a subsidiary called Hulk Labs. All three businesses are tied together by the utilization of blockchain technology and are linked to high-growth macro trends within Web3. Through sharing resources and infrastructure across these business segments, Tokens.com is able to efficiently incubate these businesses from inception to revenue generation.

Visit Tokens.com to learn more.

Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.

This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

Contacts

Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: contact@tokens.com

Jennifer Karkula, Head of Communications
Email: contact@tokens.com

Media: Ali Clarke – Talk Shop Media
Email: ali@talkshopmedia.com

iMining Arranges Private Placement

iMining Technologies Inc. (TSXV: IMIN) (the “Company” or “iMining”) announces that it has arranged a non-brokered private placement of up to $1,000,000 (the “Financing”) through the issuance of up to 11,764,705 units (the “Units”) at a price of $0.085 per Unit. Each Unit will be comprised of one common share and one common share purchase warrant (“Warrant”), with each Warrant entitling the holder to purchase one common share of iMining at a price of $0.21 per share for a period of 2 years, provided that in the event the closing price of the Company’s Shares is equal to or greater than $0.40 per share for 20 consecutive trading days, the Company may, by notice to the Warrant holders (which notice may be by way of general news release), reduce the remaining exercise period of the Warrants to not less than 30 days following the date of such notice.

Interested parties may contact the Company at investor@imining.com.

The proceeds of the private placement will be budgeted as follows:

Execution of mining infrastructure powered by Natural Gas$750,000
Marketing and other related activities$100,000  
Financing costs, filing and legal fees, commissions and G&A$150,000 
Total$1,000,000 

There is no material fact or material change about the Company that has not been generally disclosed.

Finders’ fees may be payable on this financing.

All securities issued pursuant to the Private Placement are subject to a hold period of four months plus one day from the date of issuance and the resale rules of applicable securities legislation. The closing of the Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory, including the approval of the TSX Venture Exchange

About iMining Technologies Inc.

iMining is a publicly listed Web3.0 technology company developing technology for Crypto Mining, Decentralized Finance (“DeFi”) and Non-Fungible Tokens (“NFT”). iMining also owns BitBit Financial Inc., an ATM Network and crypto OTC Trading Platform for individual and institutions.

iMining investments are directly linked to the Bitcoin Mining, Crypto Trading, Decentralized Finance (“DeFI”) and Metaverse Non-Fungible Tokens (“NFTs”). With diverse blockchain investment and infrastructure solutions, iMining looks to be a leader in accelerating the growth of Web3.0 for the enterprise market. The Company’s operations include secure and sustainable cryptocurrency payments, staking, mining and digital asset investment designed for the scale and compliance requirements of institutional clients. iMining is committed to building strong global blockchain ecosystems and supporting inclusive access to digital tools and technologies.

ON BEHALF OF THE BOARD

Signed “Khurram Shroff“
Khurram Shroff, President & CEO

FOR FURTHER INFORMATION, please contact:
iMining Corporate Offices:
Saleem Moosa, Director
Email: investor@imining.com
Telephone: +1 (844) IMININC (464-6462)

Neither the 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 news release contains certain forward-looking statements, which relate to future events or future performance, and reflect management’s current expectations and assumptions, and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of activities, future cryptocurrency prices, operating risks, and other risks in the cryptocurrency industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.