VANCOUVER, British Columbia, Nov. 15, 2019 (GLOBE NEWSWIRE) — Neptune Dash Technologies Corp. (“Neptune Dash” or the “Company”) (TSX.V:DASH) (OTC:NPPTF) (FWB:1NW) is pleased to provide an update on corporate strategy.
Neptune Dash is pleased to update shareholders as to the ongoing corporate strategy. As of the date of this news release the Company holds approximately 125,000 ATOM growing at a rate of 10% per annum. The Company also has over 16,100 Dash tokens in the form of Dash Masternodes earning rewards at a rate of 5.6% per year as well as a variety of other crypto currencies including Bitcoin, Ethereum, Litecoin, Stellar, NEO, Omisego, and QTUM. The Company also advises that while it had previously launched a Cosmos Network Validator and secured enough delegations to put it on the exclusive list of 100 network validators, the costs of maintaining the validator outweighed the commissions received by delegators and as such has dropped the validator in order to grow its ATOM position using an arm’s length top ten Validator.
“In spite of a relatively subdued crypto market since June of this year, we have been able to substantially cut operating costs and increase crypto earnings through diversification into Cosmos ATOM. As always, the Company remains dedicated to maximizing crypto asset returns and building a strong and diversified crypto portfolio through strategic purchases of top market cap tokens,” stated Cale Moodie, Neptune Dash CEO.
The Company is pleased to announce that it has added Carmen To to the board of directors and as chairman of the audit committee. Mr. To is a CPA, CA and previously worked at KPMG LLP on both private and public company clients. Mr. To is now an independent consultant and successful entrepreneur working in a variety of industries from real estate to management consulting. Jackson Warren and Guy Halford-Thompson have resigned from the board in order to allocate their time to their new…