Advanced Blockchain AG Signs Letter of Intent for a Partnership with P2P Economy Ltd.

·2-min read

DGAP-News: Advanced Blockchain AG / Key word(s): Letter of Intent/Cryptocurrency / Blockchain
13.01.2021 / 10:04
The issuer is solely responsible for the content of this announcement.



Advanced Blockchain AG (Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) is partnering with P2P Economy Ltd. (p2p.org), a secure non-custodial staking platform, to continue to stake its seven-figure DOT holdings. Advanced Blockchain and P2P Economy Ltd. have signed a letter of intent for this partnership.

We are engaging in this strategic partnership to enhance the efficiency of our staking portfolio. Jointly, we can now increase our network in the Polkadot ecosystem, as P2P Economy Ltd. also works to develop new products within the Polkadot and Kusama blockchains

Advanced Blockchain has already been staking its DOT holdings prior to this partnership, allowing Advanced Blockchain AG to get staking rewards on its DOT holdings. This partnership through P2P Economy Ltd's P2P Validator. will enable an additional six figure profit every year, thanks to its unique approach that enhances staking. P2P Validator's proprietary non-custodial staking methodology offers highly accessible, secure, and risk-free strategies, with a current estimated annual percentage yield (APY) for DOT staking in the P2P Validator around 15.8%.

The benefit of the staking strategy is that Advanced Blockchain AG will maintain its DOT exposure, additionally compounding this exposure through rewards distributed directly from staking. This complements Advanced Blockchain AG's direct token investments, and creates a risk-reduced yield returning portfolio management strategy.

The relationship with P2P Economy Ltd. will continue to benefit Advanced Blockchain AG as we look to future business opportunities between our two organizations. Opportunities for collaboration include working together on future Polkadot venture building, Web 3.0-related projects, and investment strategies.

Additional information on Advanced Blockchain AG and its other projects can be found at www.advancedblockchain.com.

 


13.01.2021 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.

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Language:

English

Company:

Advanced Blockchain AG

Chausseestraße 86

10115 Berlin

Germany

Phone:

030403669510

Fax:

030403669511

E-mail:

info@advancedblockchain.com

Internet:

www.advancedblockchain.com

ISIN:

DE000A0M93V6

WKN:

A0M93V

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1160287


 

End of News

DGAP News Service

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