Mr. Cale Moodie reports
NEPTUNE DASH PROVIDES UPDATE ON INCUBATION OF NEPTUNE STAKE, DASH MASTERNODE OPERATIONS AND ANNOUNCES OTC TRADING SYMBOL
Further to its news release on Feb. 28, 2018, Neptune Dash Technologies Corp. has acquired $200,000 to date in cryptocurrency assets through a wholly owned subsidiary named Neptune Stake Technologies Corp., and has commenced a staking network operation that will stake Bitcoin, Ethereum, Litecoin, Stellar, EOS, Cardano, NEM, NEO and Dash in order to earn income, among other proof-of-stake blockchains. Neptune Stake's strategy is to identify those cryptocurrency assets within the top 20 blockchains by market capitalization, and stake them on the blockchain. Neptune Stake seeks to create a rebalancing portfolio of staked cryptocurrency assets where investors receive a return on investment proportional to the total cryptocurrency market capitalization.
Cale Moodie, president and chief executive officer, stated: "In spite of the general crypto market pullback we have been able to significantly cut costs related to masternode hosting and operations. In addition to our masternode revenues, we are very excited to provide existing shareholders with substantial upside exposure to a diverse portfolio of cryptocurrency and reinvested income through our proof-of-stake operations subsidiary."
OTC quotation
Neptune's common shares are now quoted on the OTC under trading symbol NPPTF.
Dash masternode
Neptune builds and operates Dash masternodes and invests in Dash blockchain related technologies. Neptune currently operates 18 Dash masternodes and has earned 289.2 Dash from operations to date and holds a total of approximately 18,300 Dash, as each Dash masternode requires 1,000 Dash as collateral. The Dash blockchain currently compensates Dash masternodes at a rate of 6.9 Dash per month, or about 8.5 per cent annually.
About Neptune Dash Technologies Corp.
Neptune Dash builds and operates Dash masternodes and invests in Dash blockchain-related technologies. Dash is a digital currency created to address Bitcoin's scaling challenges.
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