VANCOUVER, British Columbia, Aug. 27, 2018 (GLOBE NEWSWIRE) -- Neptune Dash Technologies Corp. (“Neptune Dash” or the “Company”) (TSX.V:DASH) (OTC:NPPTF) (FWB:1NW) today announced it will be launching a new service, Neptune Dash Pooling, which will allow participants to contribute and receive Dash currency to increase their Dash ownership, bringing a new level of convenience and increasing value to Dash ownership. The Company has begun accepting waitlist requests for Neptune Dash Pooling and intends to roll out the service to all interested participants as it becomes available. To join, sign up at http://www.neptunedash.com/pooling.
Neptune Dash is the first public company to offer a solution for pooling Dash currency.
Neptune Dash Pooling will benefit both Dash owners and the Company through this exciting additional revenue stream. Dash owners typically store their Dash in a wallet, dormant and not generating any interest. This new service is a way for Dash owners to have their Dash work for them in a highly secure and transparent public company.
The Neptune Dash Pooling service is leveraging the strong competencies the Company has created in building and operating masternodes and securing crypto assets. The Company’s cloud-based masternode software is a high performance and secure system, allowing efficiency and scalability for masternode management. The Company is extending this software system to pool Dash currency from different holders from around the world. The pool of Dash will create new masternodes that the Company will build and operate.
Dash owners will gain interest on the percentage ownership they own in masternodes. As owners hold their Dash in the pooling service, their interest will compound as their earned Dash is reinvested in the pooling service. The company will not charge for the service; however, it will earn a revenue share on all the revenue generated from the pooled masternodes. The Company plans to offer this service to Dash owners globally in 2018. The new pooling service is currently in the later stages of development and will soon be available for early access to partners, along with a gradual rollout to individuals signed up to the waitlist.
Cale Moodie, the Company’s CEO, stated, “We are very excited to be able to add an additional revenue stream for Neptune shareholders. It has been a very challenging six months in the cryptocurrency space; however, we remain optimistic and recognize this volatility is historically part of the crypto sector.”
Corporate Update
Neptune Dash currently has 18,767 Dash and earns roughly 104 Dash per month. In addition to earning Dash through Masternode exposure and eventually through Neptune Pooling, the Company also has a wholly owned subsidiary, Neptune Stake, which is focused on a balanced index of proof of stake tokens including Bitcoin (lightening network), Ethereum, Litecoin, Stellar, NEO, Dash, Omisego and QTUM. Current holdings for Neptune Stake are valued at approximately $130,000CAD and the Company expects to scale and spin-out this vehicle when market timing is optimal.
About Neptune Dash Technologies Corp.
Neptune Dash builds and operates Dash Masternodes and invests in Dash blockchain related technologies. Dash is a digital currency created to address Bitcoin's scaling challenges. Dash Masternodes facilitate the following functions on the Dash blockchain:
- facilitating private, peer-to-peer transactions directly between parties;
- serving as a governance function and voting on treasury disbursements of the Dash block-reward allocated to the Dash DAO (Decentralized Autonomous Organization); and
- facilitating transactions that are processed near instantly on the Dash blockchain (versus the target three minute block time for average Dash transactions).
For further information please contact:
Neptune Dash Technologies Corp.
Cale Moodie, President and CEO
620 – 1155 West Pender Street,
Vancouver, BC V6E 2P4
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 launch of the 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.