VANCOUVER, British Columbia, Oct. 11, 2018 (GLOBE NEWSWIRE) -- Neptune Dash Technologies Corp. (“Neptune Dash” or the “Company”) (TSX.V:DASH) (OTC:NPPTF) (FWB:1NW) is pleased to announce that the Company has launched its new pooling service, Neptune Dash Pooling, and has completed its first pooled masternode (the “Pooled Masternode”). The Pooled Masternode is the Company’s 19th masternode built since inception. Neptune Dash Pooling allows participants to contribute to masternodes and receive Dash rewards in order to increase their Dash ownership no matter how much Dash they currently own.
Neptune Dash is the first public company to offer a solution for pooling Dash currency, bringing a new level of transparency and trust to cryptocurrency. The Pooled Masternode is now live on Neptune Dash’s cloud-based system. The system was initially used internally to manage Neptune Dash’s wholly owned masternodes, however the Company has now set up the pooling service for all Dash owners globally to use it and participate in the rewards.
Dash owners in the Pooled Masternode are benefiting from gaining interest on their Dash. When Dash owners participate in a Neptune Dash Pooled Masternode, they essentially own a percentage of the masternode. This allows them to gain revenue on their percentage ownership basis.
Cale Moodie, the Company’s CEO, stated “We are thrilled to be able to offer this service to Dash holders around the world. Today marks the inception of our first Pooled Masternode, where any Dash holder can now benefit by earning Dash interest paid on almost any amount of Dash holdings. This is an extremely compelling argument for investing in Dash and reiterates why we believe Dash is a top contender digital currency.”
The Company has now begun working through its waitlist and will be building new pooled masternodes as deposits are made by Dash holders worldwide. To join, sign up at http://www.neptunedash.com/pooling.
Corporate Update
Neptune Dash currently has 19,209 Dash and earns roughly 110 Dash per month. In addition to earning Dash through masternode exposure and 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 (lightning network), Ethereum, Litecoin, Stellar, NEO, Dash, Omisego and QTUM. Current holdings for Neptune Stake are valued at approximately $125,000CAD 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 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.