Tokens.com acquires additional ETH 2.0 for crypto staking
TORONTO – (COMMERCIAL THREAD) –Tokens.com Corp. (NEO Exchange Canada: COIN) (Frankfurt Stock Exchange: 76 M) (“Tokens.com”), a publicly traded company that generates income from digital assets used for crypto staking, NFT yield-producing assets and decentralized finance (DeFi), is pleased to announce that ‘it acquired an additional 130 ETH 2.0 during the third quarter. , bringing the total of ETH 2.0 held for staking to 2,506. Tokens.com uses its digital assets for the purpose of earning additional tokens, thereby continually increasing its inventory of digital assets.
“ETH has appreciated by around 50% since the end of the second quarter, creating significant value for our ETH inventory. In addition, Tokens.com’s other DeFi-based crypto assets appreciated by around 60% and provided additional wagering rewards, expressed as a percentage, of around 25% annualized on our capital, ”commented the CEO , Andrew Kiguel.
ETH and ETH 2.0 are the native cryptocurrency tokens of the Ethereum blockchain. Ethereum is a decentralized, open source blockchain that is programmable through smart contracts. It is the dominant blockchain used to create DeFi platforms, which enable peer-to-peer financial services without the need for a bank or an intermediary. ETH and ETH 2.0 represent the second largest cryptocurrency in the world in terms of market capitalization.
Tokens.com Corp uses staking technology to generate revenue from its cryptocurrency and decentralized finance (“DeFi”) based token inventory. With its growing inventory of digital assets, Tokens.com offers public market investors a simple and secure way to gain exposure to cryptocurrencies, DeFi, and non-fungible tokens.
The Company’s common shares are listed under the symbol “COIN” in Canada on the NEO Exchange, under the name “76M” on the Frankfurt Stock Exchange and under the name “SMURF” on the US OTC market as of September 13, 2021.
Further information is available on the Company’s website: Tokens.com.