October 19, 2021 07:30 AM Eastern Daylight Time
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 and blockchain assets linked to Decentralized Finance (“DeFi”), Non-Fungible Tokens (“NFTs”) and metaverse real estate, is pleased to provide an update on its Q3 staking operations. All amounts in this news release are unaudited.
“Our digital assets, linked to the growth of DeFi and NFT applications, have the potential to appreciate further over the next several years. Through staking, we earn additional tokens daily resulting in the organic growth of our digital assets”
Q3 resulted in a significant appreciation in the price of cryptocurrencies owned by Tokens.com for staking. Tokens.com’s top 5 cryptocurrency tokens appreciated as follows during Q2:
During Q3, Tokens.com’s digital asset inventory appreciated by a weighted average of 57.3% and through its staking services, was rewarded with additional tokens equal to a 19.5% annualized return on the original cost of capital deployed into staking.
“Our digital assets, linked to the growth of DeFi and NFT applications, have the potential to appreciate further over the next several years. Through staking, we earn additional tokens daily resulting in the organic growth of our digital assets,” commented Andrew Kiguel, CEO.
During Q3, Tokens.com also commenced its first day of trading on the OTCQB exchange under the ticker symbol ‘SMURF’. Additionally, on October 18th, Tokens.com acquired a 50% stake in Metaverse Group, one of the world’s first blockchain virtual real estate companies.
Tokens.com will announce its Q3 2021 financial results on November 5, 2021, before market open.
An investor call hosted by CEO Andrew Kiguel has been scheduled to discuss the Company’s Q3 2021 financial results starting at 10:00 am ET on Friday November 5, 2021.
Date: November 5, 2021
Time: 10:00 a.m. ET
ET Dial-In: 1 (800) 697-5978
Passcode: 7469 627
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 co-owns Metaverse Group, one of the world’s first NFT based, virtual real estate blockchain companies. Through its growing digital asset inventory, 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.
Andrew Kiguel, CEO
Jennifer Karkula, Head of Communications
Media Contact: Megan Stangl – Talk Shop Media