18:51:15 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Neptune Digital Assets Corp
Symbol NDA
Shares Issued 127,086,596
Close 2024-01-10 C$ 0.40
Market Cap C$ 50,834,638
Recent Sedar Documents

Neptune Digital reaches 180,000 ATOM token balance

2024-01-11 11:27 ET - News Release

Mr. Cale Moodie reports

NEPTUNE DIGITAL ASSETS ACHIEVES MILESTONE COSMOS ATOM BALANCE

Neptune Digital Assets Corp. has reached a strategic milestone in its proof-of-stake operations, achieving 180,000 Cosmos (ATOM) tokens.

The native token of the Cosmos blockchain, ATOM, plays a pivotal role in facilitating transactions within the Cosmos network. As an active participant, Neptune delegates ATOM tokens, using cold storage, to secure the network, yielding an annual percentage rate (APR) of approximately 15 per cent to 20 per cent, or more, contingent upon market dynamics. Neptune's milestone position of 180,000 ATOM tokens now generates a monthly revenue stream of approximately $40,000 in ATOM at its current value. This revenue is used to consistently grow Neptune's bitcoin treasury, invest in new tokens such as Solana and Dot, or compound its ATOM position.

Neptune's venture into the Cosmos realm dates back to 2019 when the ATOM token was valued at $1.50. Recognizing the groundbreaking IBC (inter-blockchain communication) protocol, often referred to as the Internet of blockchains, Neptune identified Cosmos as a trailblazer in resolving the industry-wide challenge of blockchain interoperability. The company is strategically poised to capitalize on potential market upswings, as exemplified by ATOM's previous market cycle peak at $44 (U.S.). Neptune anticipates substantial returns if ATOM revisits or surpasses this all-time high, providing even more token income for strategic initiatives and growth.

Cale Moodie, Neptune chief executive officer, stated: "Neptune Digital Assets is navigating the waves of innovation within the diverse blockchain landscape. Our position with Cosmos (ATOM) not only underscores our commitment to pioneering technologies but also highlights the revenue potential within this dynamic ecosystem. We also like that Cosmos boasts an extensive network, comprising more than 249 interchain applications and services, including major cryptocurrencies like bitcoin and ethereum, managing an impressive digital asset portfolio totalling $71-billion."

About Neptune Digital Assets Corp.

Neptune Digital Assets is one of the first publicly traded blockchain companies in Canada, and is a cryptocurrency and blockchain infrastructure leader with operations across the digital asset ecosystem, including bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (defi) and other associated blockchain technologies.

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