Neptune Dash Provides Update on Incubation of Neptune Stake, Dash Masternode Operations and Announces OTC Trading SymbolN

Neptune Dash Technologies (TSXV:DASH; OTC:NPPTF) has announced that it has acquired $200,000 to-date in cryptocurrency assets through its wholly-owned subsidiary Neptune Stake Technologies.

As quoted in the press release:

[The company has also] 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 Stakes 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 CEO states, “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 announces that its common shares are 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% annually.

Click here to read the full press release.