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.
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.
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.
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.
The proceeds of the private placement will be budgeted as follows:
Execution of mining infrastructure powered by Natural Gas
Marketing and other related activities
Financing costs, filing and legal fees, commissions and G&A
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: firstname.lastname@example.org 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.
Moon Equity Holdings Corp. (OTC symbol MONI) The long-anticipated launch of BitGift® has now taken place; the first phase of our platform is now available to users in the United States with the temporary exceptions of New York and Hawaii. BitGift® was designed with an industry-brand-new ability to choose, store, send, and receive cryptocurrencies as a gift. BitGift® currently offers the following cryptocurrencies to be sent as gifts: BTC (Bitcoin), SOL (Solana), and certain Ethereum-compatible coins such as ETH (Ethereum), AVAX (Avalanche), MATIC (Polygon), and more. BitGift® offers its own hot wallet which supports storage for all aforementioned coins, and more coming soon. BitGift® is in the process of creating an enhanced hot wallet which will accommodate over 2,000 additional coins that will be coded for use in accordance with anticipated demand from our customers. BitGift® is currently working on integrating additional Ethereum, Bitcoin, and Solana groups of coins for use in the hot wallet which will be available shortly. Our programmers are also in the process of developing a BitGift® mobile application which will soon be made available for iOS and Android users. Gifting crypto on our website and mobile app will be a seamless experience for all users. Social media and marketing efforts have already been underway to build the BitGift® brand and to expand its user base. BitGift® is currently seeking additional partners and has plans for global expansion within North America, as well as expanding to South America, Europe & Asia. Visit our website to send a BitGift® now to your friends and family:
In April 2022, MONI contracted with Blue Monkfish, a web design and digital product photography agency, to design, build, and manage the BitGift® website. The CEO of Blue Monkfish, Danny Sing, has been instrumental in forming several alliances for BitGift®. As a result, the BitGift® platform is now powered by and leveraged through Sardine, Streambird, Magic, and Stytch. The encryption security protocols for BitGift® are all controlled and implemented through Sardine, Streambird, Magic, and Stytch.
MONI, through BitGift®, has contracted with Sardine, which is a platform that provides risk-free ACH, with instant fund settlement. The payment system for BitGift® is powered by Sardine. As stated on Sardine’s website, “[Their] team built the fraud prevention and compliance infrastructure that scaled both Coinbase and Revolut,” “fought ghost-riding at Uber, and built fraud protection for Bolt and PayPal.” With Sardine’s technology, BitGift® users will never have to worry about fraud; additionally, users will be able to process “fund settlement[s] without the wait times [for] bank payments, international remittances, virtual cards, and crypto,” as well as benefit from more payment options. BitGift® takes on full liability for chargebacks and returns. There will be instant account funding and payments using bank ACH that is regulatory compliant with instant bank ACH to crypto purchase. This BitGift® payment system is built for the Fintech Industry. Based on information existing from fighting fraud at the world’s leading crypto and fintech companies, we have built a product that you can use with peace of mind. Sardine is licensed through BitLicense through the Department of Financial Services (DFS) and the Financial Action Task Force (FATF) Travel Rule.
BitGift® has also contracted with Streambird, which provides top-of-the-line infrastructure tools for developers. Streambird will supply BitGift® with the ability to create a seamless and secure experience for our users to interact with our product. BitGift® chose to integrate our hot wallet through Streambird so we can provide our users with flexibility. Users will have the ability to move their assets from the BitGift® platform into other personal wallets if they desire. Streambird provides BitGift® with “one API & SDK for passwordless auth[entication], wallet login, wallet creation, key management & KYC.” Streambird’s API is used to “streamline [developer’s] Web3 user onboarding using [their] unified future-proof identity infrastructure;” it also enables developers to utilize “an email, phone number, or social login” so that users can seamlessly create and access their BitGift® account. All of these enhanced features are what help make BitGift® one of the most seamless, safest, and highest-security encryption platforms for sending and receiving crypto.
BitGift®, through Streambird, is powered by Magic, which is the “#1 user authentication and private key management solution for Web3 and Web2.” Magic provides “secure and seamless Web3 experiences”, such as simple onboarding, unified wallet UX, secure transaction and wallet management, and more. Further, Magic boasts compatibility with 30+ programming languages and 20+ blockchains. Additionally, they have amassed over 91 thousand developers who support over 9 million users. Through the use of passwordless authentication (also known as “magic links”), Magic provides “enterprise-grade security and compliance” to their end users which ensures “peace of mind without using passwords, seed phrases, solving crypto adoption key challenges,” and more, which further enforces account security.
“Magic encrypts all of its databases, snapshots, automated backups and replicas with the industry-standard AES-256 encryption algorithm. The encryption and decryption are done automatically when data is written and read from the data storage.” “Magic is regularly audited by NCC Group as well as internal and contract security professionals.”
“The NCC Group is an information assurance firm headquartered in Manchester, United Kingdom. Its service areas cover software escrow and verification, cyber security consulting and managed services. NCC Group claims over 15,000 clients worldwide.” The NCC Group has “a significant market presence in North America, the UK, continental Europe and a rapidly growing footprint in Asia Pacific.”
Finally, BitGift® will be contracting with Stych, which also “provides simple and secure passwordless authentication solutions.” “Stytch is compliant with a range of industry standards and frameworks,” and they “[maintain] a SOC 2 type II report attesting to the company’s compliance with the AICPA’s Trust Service Criteria.” “Stytch is compliant with the Health Insurance Portability and Accountability Act [HIPAA] as a business associate.” “Stytch is committed to complying with and helping its customers comply with the General Data Protection Regulation (EU 2016/679 GDPR) and California Consumer Privacy Act (2018 CCPA).”
Now anyone can “Give the Gift of Investment” through BitGift®, which converts hard currency into crypto by sending funds through a safe and efficient manner that is very secure and reliable. With BitGift®, users can utilize their gifted funds to invest in and accrue value on any cryptocurrencies of their choosing that are offered on the BitGift® platform. They will also have the ability to use their BitGift® digital hot wallet to make purchases anywhere that gift cards are accepted. BitGift® is Moon Equity Holdings Corp’s first revenue-generating product delivered through its newly created platform.
“A lot of work went into the integration of Sardine, Streambird, Magic, and Stytch in union with the BitGift® platform. The platform has now been completed, and the company can now move forward with putting itself in position to generate significant revenues,” said Mr. Sing, CEO of Blue Monkfish. Sardine expects the use of credit cards to be available as an additional payment method in the coming weeks. Soon, BitGift® users will have the ability to cash out from their BitGift® hot wallet and transfer the funds to their debit/credit card in the near future, which will be powered by Sardine. BitGift® will be providing 24-hour email-based customer service to all users, and will offer as close to an immediate response as possible for our customers.
MONI will generate revenues from the standardized service fees that will be received every time somebody sends a gift through BitGift® or uses any one of its other featured products through the platform. Each service fee consists of a 50/50 split between Sardine and MONI that is estimated to range from a minimum of .50 to $1.50 per transaction for each company for each of the products and services provided. The company expects a high transaction rate of its products and services daily. The company expects to achieve its first milestone of selling 100,000 cards in short order. The second milestone will be to sell over 500,000 cards. The third milestone will be to sell over 1,000,000 cards annually and have over one million annual users. The company believes that it will have at least a 70% net profit margin from the revenues generated, because its operation is automated. A global marketing program is being put in place to make sure these milestones are achieved. The minimum amount of $50 and the maximum amount of $2,000 will be allowed for each BitGift® transaction to go into newly created wallets. Users will be allowed to do as many $2,000 transactions as they desire.
A large variety of additional products are on track to be released soon, now that the platform has been created. Currently, BitGift® allows users to utilize a hot wallet within their account which acts as liquid online storage. Additionally, BitGift® plans to implement another new feature that will allow users to turn in old, unused gift cards for crypto; this means that unused gift card balances will be provided to users for conversion into their choice of any cryptocurrency that is offered through the BitGift® platform. Finally, BitGift® has plans to roll out yet another new feature called MONI Pay™, which will enable users to pay personal bills through a correlated BitGift® account. These are just a few of many features that BitGift® has in store for the future as it works to create a diversified platform and seamless experience for its users.
BitGift® is the new way to gift crypto. Additional plans to introduce a rewards program, featuring BitRewards™, are underway. Soon, we will offer users an option to obtain their own cold wallet through our rewards program. This new program will make BitGift® available virtually everywhere. Once implemented, BitGift® users will be able to utilize Participating Partner’s BitRewards™ through the BitGift® platform; meaning, any rewards gained through vendors will be offered to the user for the option of conversion into cryptocurrency investments on our platform. Therefore, BitGift® will enable users to spend hard currency in exchange for tokens as a reward which can be converted into cryptocurrency investments on the BitGift® platform.
Our rewards program developers are currently seeking partnerships with a variety of vendors which can include but is not limited to: Hotels, Casinos, Cruise Lines, Retail Stores, Restaurants and many other merchants, which will offer BitRewards™ in return for the purchases of their goods and services. MONI is currently in the process of creating a token for the BitRewards™ program that will be backed by Ethereum at the value of $1.00 per token. The token will be available for purchase through BitGift® and will be obtainable through our BitRewards™ program. Additionally, a Visa debit card will be provided as an option to users as a physical replacement for their hot wallet, should they want a virtual and physical experience.
Many times, consumers wish to invest in crypto but don’t have the time or money. BitGift® will be the first of its kind in the global marketplace to simplify the crypto experience by offering digital tokens which transform vendor reward points into cryptocurrency investments. The BitGift® platform will be available for New York & Hawaii state residents sometime within this fourth quarter of 2022, but is currently available throughout the US in its entirety. Stay tuned for future updates through PRs, our websites, and social media sites below:
Safe Harbor Statement
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission.
This press release may contain forward-looking statements, including information about management’s view of Moon Equity Holdings Corps. future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Moon Equity Holdings Corps subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on future results of Moon Equity Holdings Corp. The forward-looking statements included in this press release are made only as of the date hereof. Moon Equity Holdings Corp. cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Moon Equity Holdings Corp. undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Moon Equity Holdings Corp.