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Advanced Blockchain AG
Earnings Release • Sep 18, 2020
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Earnings Release
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News Details
Corporate | 18 September 2020 08:55
Advanced Blockchain AG: Update on Our Token Investments
DGAP-News: Advanced Blockchain AG / Key word(s): Cryptocurrency / Blockchain/Investment
18.09.2020 / 08:55
The issuer is solely responsible for the content of this announcement.
Advanced Blockchain AG (ISIN DE000A0M93V6) is pleased to report the latest positive developments with regards to its token investments. As detailed in our news release from 27.05.2020, Advanced Blockchain AG’s token investments, in particular the Polkadot project ( www.polkadot.network ) and Energy Web Token (EWT; www.energyweb.org ) have positively developed. We continue to expect a positive development. Both of the aforementioned tokens can now be traded on several crypto exchanges with high liquidity. For example, the daily trading volume of the Polkadot token is over one billion US dollars.
Overall, our token investments – in addition to Polkadot and EWT, also COTI ( www.coti.io ) – achieved a largely unrealized seven-figure profit. The portfolio of investments will continue to be managed and maintained by Advanced Blockchain AG.
We also received Kusama tokens free of charge from our Polkadot investment.
Furthermore, we receive so-called staking rewards (comparable to dividends) on our Polkadot tokens, from which – as of today – we expect a 6-figure profit annually.
Further information about Advanced Blockchain AG is available on its website, www.advancedblockchain.com .
18.09.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Advanced Blockchain AG |
| Chausseestraße 86 | |
| 10115 Berlin | |
| Germany | |
| Phone: | 030403669510 |
| Fax: | 030403669511 |
| E-mail: | [email protected] |
| Internet: | www.advancedblockchain.com |
| ISIN: | DE000A0M93V6 |
| WKN: | A0M93V |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Stuttgart |
| EQS News ID: | 1133337 |
| End of News | DGAP News Service |