TORONTO--(BUSINESS WIRE)--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 revenue-generating crypto assets linked to Decentralized Finance (“DeFi”), Non-Fungible Tokens (“NFTs”) and metaverse real estate is pleased to announce it has acquired 10,000 Solana (SOL), 22,500 Terra (LUNA), and 3,022,453 Ankr (ANKR) tokens for the purpose of crypto staking.
Crypto staking is the environmentally friendly alternative to crypto mining. Both platforms perform the same service and end result, however, staking accomplishes this using 99.9% less electricity and with no hardware. Staking, as an operating platform, can also power significantly more transactions per second than crypto mining, making it the dominant technology used for high-volume processing required in the DeFi and NFT sectors.
“We purchased additional tokens during this recent dip to build our inventory of tokens used for crypto staking. The staking process rewards us with additional tokens allowing us to organically grow the number of tokens we own by the minute. We immediately restake the tokens we earn to compound our growth,” commented CEO, Andrew Kiguel.
In addition to Solana, Terra and Ankr, Tokens.com’s other tokens used for crypto staking include Ethereum, Polkadot, Oasis Rose and Shiba Inu. Tokens.com is also the majority owner of Metaverse Group, one of the world's first owners and developers of NFT based digital real estate in several metaverses.
Solana is a decentralized blockchain built on a proof-of-stake operating system that enables scalable, user friendly apps for the world. Like Ethereum, Solana can also run smart contracts used for programing and designing other platforms. Solana is used as the building block for over 400 projects spanning DeFi, NFTs, Web3, and more. Solana’s Native Token is SOL.
Terra is a decentralized blockchain built on a proof-of-stake operating system. Terra, in 2019, uses fiat-pegged stablecoins to power stable-price global payments systems. Fiat-pegged cryptocurrencies are coins, tokens, or assets issued on a blockchain that is linked to a government or bank-issued currency. Terra's native token, LUNA, is used to stabilise the price of the stablecoins.
An Ethereum token that powers Ankr, a Web3 infrastructure and cross-chain staking DeFi platform that aims to make it easy and affordable for anyone to participate in blockchain ecosystems by building dapps, hosting nodes or staking. The ANKR token can be used to pay for services on the Ankr platform, such as node deployment and API services, participate in on-chain governance and also acts as an insurance for network participants.
Tokens.com Corp is a publicly traded company that owns an inventory of DeFi and NFT based cryptocurrencies. Through a process called staking, Tokens.com’s inventory of cryptocurrencies is used to earn additional tokens. In addition, Tokens.com is the majority owner of the Metaverse Group, one of the world’s first virtual real estate companies. Through its growing digital assets and NFTs, Tokens.com provides public market investors with a simple and secure way to gain exposure to cryptocurrencies linked to DeFi and NFTs.
Further information can be found on the Company’s website: Tokens.com.
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.