VANCOUVER, B.C., Sept. 12, 2018 (GLOBE NEWSWIRE) -- Netcoins Holdings Inc. (“NETC” or the "Company") (CSE:NETC) (OTC:GARLF) is pleased to announce that it has agreed to list the CLOAK coin, available for purchase this Fall, via our OTC Private Brokerage Services business and our 21000+ retail locations in Australia, Europe and Canada. CLOAK is our ninth in a series of altcoins and tokens, which includes recently listed PARETO, KMD, QUINT, NIO, DBET, ELA, PPY and TRIG to be listed by Netcoins.
CloakCoin is an open source bitcoin-based peer-to-peer cryptocurrency with a strong focus on protecting people's privacy when it comes to financial transactions. Anyone can initiate private, secure, decentralized & untraceable transfers using our CLOAK-ENIGMA system through our wallet. CloakCoin came into existence in 2014 and is managed by the CLOAK Core Team, mainly based in Germany. CloakCoin is represented in different countries through their coordinators and partners. CLOAK can be traded on Binance, Bittrex, Livecoin and many other exchanges.
Learn more about CLOAK here: www.gonetcoins.com/cloak
“For the majority it is still difficult to buy cryptocurrencies, especially altcoins that can only be traded against BTC. One of our major goals – besides protecting privacy - is to find partners with high recognition and a strong network that already reaches a big audience. With Netcoins we found a strong partner who provides easy access to cryptocurrencies for consumers,” said Project Manager Stefan Kender. “We believe this partnership will be beneficial for both – Netcoins and Cloak – and will increase trade volume and awareness.”
Netcoins is receiving $37,500 USD per year from CLOAK as a listing fee, paid monthly with 3 months prepaid, on our LAAS (Listing As A Service) business model for coin listings. “We are excited to help CloakCoin add more trading pairs and subsequently make it easier and more convenient for the mass consumer to purchase CloakCoin,” said Netcoins CEO Mark Binns. “Our distribution network is ideally suited to CLOAK, and we look forward to being a part of their ongoing success.”
About the Company
The Company is in the business of developing software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor through brokerage services. Netcoins enables crypto transactions via 21,000+ retail locations in Canada, Europe and Australia and an Over-The-Counter (OTC) trading desk.
ON BEHALF OF THE BOARD OF DIRECTORS
“Mark Binns”
Mark Binns
CEO and Director
For Investor Relations Inquiries please contact Skanderbeg Capital Advisors at 604 687 7130 or email ir@gonetcoins.com
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Cautionary Statement Regarding “Forward-Looking” Information
This information release contains certain forward-looking information. Such information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by statements herein, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on the Company's current beliefs as well as assumptions made by and information currently available to it as well as other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its public securities filings, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.