LAS VEGAS, Aug. 27, 2024 (GLOBE NEWSWIRE) -- BLAQclouds, Inc. (OTC: BCDS) is pleased to announce that this week, the company will launch its first liquidity pool partnership on BLAQlp.io with the debut of the BLAQ token on both the Ethereum and ZEUS blockchains. The exact date and time for the launch will be announced with 24 hours prior notice, based on market conditions and other factors.
As previously announced, the core smart contract powering BLAQlp.io allows funders to directly contribute to non-custodial liquidity pools through a user-friendly interface. Funders can use any EVM-compatible token, with decentralized payment technology DiVinciPay serving as a cross-chain payment conduit. Once the liquidity pool is fully funded, it is minted, formally launching the project. During testing, the Automatic Market Maker (AMM) formula used by BLAQlp.io demonstrated an average 20x increase per 10-day cycle. Additionally, the platform automatically rewards the liquidity pool funding partner with 2x the token amount if and when the liquidity pool reaches a value of 10x. These functions are built into the smart contracts for the project and create a decentralized automated trustless transaction on the immutable blockchain.
This beta rollout marks the official launch of BLAQlp.io. The minting of the BLAQ token on the Ethereum and ZEUS blockchains has been made possible through the partnership between ZEUS Blockchain Partners.
Marjorie Schaefer, CEO: "We are excited to launch our very own token, one of the many projects we are working on. We look forward to achieving our vision for the company's and its shareholders' future."
About BLAQclouds, Inc.
Blaqclouds Inc., is a Nevada publicly traded company specializing in artificial intelligence and innovative blockchain technology solutions. With a commitment to delivering high-performance, secure, and scalable AI-powered blockchain solutions, Blaqclouds Inc. continues to push the boundaries of what’s possible in the digital age.
To better reflect the company’s new direction. Please disregard any and all past social media posts and/ or news releases. A company press release will verify any new social media outlets. Currently, the only media outlet is the company’s Twitter (X) account @BlaqcloudsBCDS. In order to better communicate with our shareholders please email us at marjschaefer.manager@gmail.com. The Company’s website is https://www.bcdsholdinginc.com. The company’s information can be verified at https://www.otcmarkets.com/stock/BCDS/profile. We will provide many more updates for our shareholders as the company moves in a new direction.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. The company may make forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates that reflect the company’s best judgment based upon current information. All investments involve risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identify from time to time in the company’s public announcements.
Contact:
Blaqclouds, Inc.
marjschaefer.manager@gmail.com
