09:41:17 EDT Tue 21 May 2024
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Bigg Digital Assets Inc
Symbol BIGG
Shares Issued 355,230,820
Close 2024-03-21 C$ 0.19
Market Cap C$ 67,493,856
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Bigg's Netcoins to offer Solana, Atom staking

2024-03-21 11:27 ET - News Release

Mr. Dan Reitzik reports

NETCOINS CANADA ANNOUNCES THE LAUNCH OF SOLANA (SOL) AND COSMOS (ATOM) STAKING

Bigg Digital Assets Inc.'s Netcoins will be expanding its staking services in Canada with the launch of Solana and Atom on April 2.

Netcoins has leveraged its partnership with BitGo Trust Company to enable customers to stake their assets directly from segregated cold storage wallets on the Netcoins mobile app. With the launch of Solana (SOL) and Cosmos (Atom) staking, Netcoins customers now have an opportunity to earn yield on their crypto holdings. This service is available to individual, corporate and institutional clients, ensuring that all its customers can benefit from the growing trend of earning through Proof of Stake blockchains. According to Stakingrewards.com the global staking market cap is over $335-billion with over $5.8-billion in rewards issued per year.

"We believe that the continued expansion of our staking services represents a significant step towards the future of cryptocurrency investment, offering a compelling way for our users to put their crypto assets to work while simultaneously increasing revenue and AUM for Netcoins," said Netcoins chief executive officer Fraser Matthews. "This is another great step for our staking program as we are adding the ability for Netcoins users to grow their holdings through proof of stake, and attract new customers to the platform to do the same." For any corporations or investors that are looking to build their staking portfolios with the support of Netcoins OTC trading desk, they can reach out to its team directly through the company's website.

About Solana (SOL)

The Solana blockchain is a high-performance cryptocurrency platform renowned for its exceptional speed and efficiency in processing transactions. Utilizing a unique consensus mechanism known as proof of history (PoH) in conjunction with proof of stake (PoS), Solana achieves unparalleled throughput, capable of handling thousands of transactions per second (TPS) with minimal fees. This innovative approach allows for scalability that addresses many of the bottlenecks faced by earlier blockchain technologies. Launched in March, 2020, by Solana Labs, the platform supports a wide array of decentralized applications (dApps), including DeFi, non-fungible tokens and gaming, making it a competitive player in the blockchain ecosystem. Its native cryptocurrency, SOL, serves as the fuel for transactions and smart contract execution on the network, playing a vital role in maintaining the blockchain's security and operability.

About Cosmos (Atom)

The Cosmos blockchain, often referred to as the Internet of blockchains, is a groundbreaking network designed to facilitate interoperability and scalability among various blockchains. Launched in March, 2019, Cosmos stands out with its unique consensus algorithm, Tendermint Core, which enables high-speed transaction processing and a robust security framework. At its core, Cosmos aims to solve the pressing issues of scalability and interoperability that have hampered the growth of blockchain technologies. The network's native token, Atom, plays a crucial role in maintaining the network's security through staking and governance. Cosmos's vision of creating an interconnected blockchain ecosystem has garnered significant attention, positioning it as a pivotal player in the future development of the blockchain landscape.

What is staking?

Staking is the process of holding onto or staking a certain amount of cryptocurrency to participate in transaction validation. This occurs on a proof-of-stake (PoS) blockchain network, often considered a less resource-intensive alternative to mining in proof-of-work networks. By staking, individuals can earn rewards in the form of newly minted coins and help to secure the network. The key and simple takeaway for crypto investors is that staking is a means of earning rewards for holding onto cryptocurrencies.

Staking at Netcoins

Staking with Netcoins will be just as easy as using the rest of the platform. If a qualified customer holds an eligible staking crypto asset, they can begin staking safely and transparently. By staking with Netcoins, customers can earn a return from their cryptocurrency holdings while supporting the security of the network. Reach out to the Netcoins team to learn more.

The key and simple takeaway for Netcoins' 220,000 registered customers is that staking is a means of earning rewards for holding onto your cryptocurrencies.

If you are new to Netcoins, you can start staking your funds in a few simple steps: Create a Netcoins account. Download the mobile app and deposit your crypto or fiat holdings (you can buy crypto easily using market or limit orders right on the platform). Navigate to the staking tab of the mobile app. Select a crypto asset offered through its staking service that you would like to stake. Enter the amount you would like to stake and confirm the details of your request. Keep your crypto staked to earn rewards, or easily stop staking whenever you want to transfer or trade your funds.

About Bigg Digital Assets Inc.

Bigg Digital Assets believes the future of crypto is a safe, compliant and regulated environment. Bigg invests in products and companies to support this vision. Bigg has three portfolio companies: Netcoins, Blockchain Intelligence Group and TerraZero.

We seek Safe Harbor.

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