Toronto, Ontario–(Newsfile Corp. – August 4, 2020) – Bluesky Digital Assets Corp., (CSE: BTC), (CSE: BTC.PR.A), (OTC Pink: BTCWF), (“Bluesky” or the “Corporation”) announced today the commencement of its “Stablecoin” program initiative.
Consistent with the company’s previously announced digital asset custody positioning and partnership with Brane Inc. on June 15th of this year; Bluesky has now commenced it’s early stage research and development into a potential diversified market position for Bluesky with a “Stablecoin” offering.
Stablecoins are fundamentally a unique digital currency that is positioned to significantly reduce the traditional volatility of value associated with main stream digital currencies. A Stablecoin can be tied in value and or pegged to standard acceptable backed assets like gold and other precious metals, fiat currency, and commodity based trading instruments.
Bluesky is targeting to have definitive market intelligence over the next quarter that should validate and justify Bluesky’s consideration for a significant investment in executing on a Stablecoin offering.
Bluesky’s CEO Ben Gelfand commented: “Our consistent approach to bring old-school proven business practices and methodology to a fundamentally technology driven vertical in the digital currency space keeps us investigating and moving forward on revenue based opportunities like this Stablecoin initiative. We hope this kind of diversified business approach better positions our stakeholders and shareholders for more stable returns on investment in a highly volatile marketplace.”
The Corporation will make further announcements via press release in regard to the progress of its Stablecoin program as material events occur.
About Bluesky Digital Assets Corp.
Bluesky Digital Assets Corp, is building a high value digital currency enterprise. Bluesky mines digital currencies, such as Bitcoin and Ether, and is developing value-added technology services for the digital currency market, such as digital mining proprietary software. Offering a complete ecosystem of value-creation, Bluesky is targeting reinvesting appropriate portions of its digital currency mining profits back into its operations. A percentage of the profit will be invested in the development of a proprietary Artificial Intelligence (“AI”) based technology. Overall, Bluesky takes an approach that enables the Corporation to scale, and respond to changing conditions, within the still-emerging digital currency industry. The Corporation is poised to capture value in successive phases as this industry continues to scale. For more information please visit www.blueskydigitalassets.com.
For further information please contact:
Mr. Ben Gelfand
CEO & Director
Bluesky Digital Assets Corp.
T: (416) 363-3833
Mr. Frank Kordy
Secretary & Director
Bluesky Digital Assets Corp.
T: (647) 466-4037
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES.
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