Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Blockchain

Cypherpunk Holdings Inc. Announces Closing of Oversubscribed Non-Brokered Private Placement

Published

on

Toronto, Ontario–(Newsfile Corp. – January 15, 2021) – Cypherpunk Holdings Inc. (CSE: HODL) (“Cypherpunk” or the “Company“) a sector leader for privacy-technology investments is pleased to announce that, further to its press release of December 23, 2020 it has closed an oversubscribed, non-brokered private placement offering (the “Offering“) through the issuance of 19,867,470 Units (“Units“) at a price of C$0.15 per Unit for gross proceeds of C$2,980,120. Each Unit is comprised of one common share (each a, “Common Share“) in the capital of the Company and one half of one whole Common Share purchase warrant (each whole warrant, a “Warrant“). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of C$0.25 until January 15, 2023.

The net proceeds and additional capital from the Offering will be used to continue investing as per the Company’s outlined investment strategy in cryptocurrencies, companies, technologies and protocols that enhance or protect privacy often in the blockchain ecosystem.

In connection with the Offering, certain eligible finders received cash commissions in the aggregate amount of $17,550. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable security legislation. This Offering is subject to final approval of the Canadian Securities Exchange.

The Offering constituted a “related party transaction” as defined in Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (“MI 61-101“), as insiders of the Company acquired 2,561,667 Units. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Offering by insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering, which the Company deems reasonable in the circumstances so as to be able to avail itself of the proceeds of the Offering in an expeditious manner.

About Cypherpunk Holdings Inc.

Cypherpunk is a company set-up to invest in companies, technologies and protocols, which enhance or protect privacy. Its strategy is to make targeted investments in businesses and assets with strong privacy, often within the blockchain ecosystem, including select cryptocurrencies. Current equity investments include Samourai Wallet, Wasabi Wallet, Chia, NGRAVE, and Hydro 66.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved”. Forward-looking information includes, but is not limited to the Company’s intention to complete the private placement offering and its goal of making investments in the blockchain and other sectors and enhancing value. There is no assurance that the Company’s plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.

Investor Relations Contacts:
Veronika Oswald
Cypherpunk Holdings Inc., [email protected]
Office: 416.599.8547

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72188

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

XCAD Network to Launch Inaugural v2 Creator Token $DON on Ape Terminal with YouTube Star TheDonato

Published

on

xcad-network-to-launch-inaugural-v2-creator-token-$don-on-ape-terminal-with-youtube-star-thedonato

XCAD Network, a leading Watch2Earn tokenisation platform for YouTubers, is excited to announce the upcoming launch of its inaugural V2 creator token, $DON, in collaboration with Ape Terminal. The creator token to be launched in partnership with TheDonato, South America’s prominent content creator with 40M+ subscribers and 7B views, has garnered over 25,000 sign-ups and a 2,400% oversubscription.

The strategic listing on Ape Terminal aims to draw TheDonato’s vast fanbase into the crypto space, which would inject fresh capital from Web2 users, marking a significant milestone for XCAD Network’s foray into creator tokens. The launch of $DON signifies a new chapter in
fan engagement and content monetisation, revolutionising the relationship between creators and their audiences.

Oliver Bell, CEO and Co-founder of XCAD Network, shared his vision for the collaboration with Ape Terminal and TheDonato, stating, “This launch on Ape Terminal represents a transformative moment for XCAD Network and the creator economy at large. With Ape
Terminal’s sophisticated infrastructure, it provides the perfect launchpad for creator tokens like $DON, facilitating seamless transactions and ensuring broad accessibility to both seasoned crypto enthusiasts and newcomers from Web2.”

Through the upcoming launch of $DON, fans will be turned into stakeholders through governance. They will also find a deeper engagement with TheDonato through meet-and-greet sessions, featuring in TheDonato’s videos, an exclusive Discord community, and more.
“The $DON token is just the beginning,” added Bell. “Our platform empowers creators like TheDonato to deepen connections with their fans while offering fans unprecedented access and influence over their favourite content. The collaboration will enable us to roll out a suite of
creator tokens that empower fans and enhance the digital content landscape. We are thrilled to see how this evolves and the new opportunities it creates for creators and their communities.”

With a total supply of 1 billion tokens, the $DON token allocation includes 30% for fan incentives, 20% for pre-sale, 30% for MM-Exchange-LP, and 10% each for contributors and marketing. Through $DON, fans transcend traditional boundaries, gaining unparalleled access
and influence over TheDonato’s creative journey while being rewarded for their unwavering support.

This launch will not only mark a milestone for XCAD Network, but also underscore Ape Terminal’s position as the go-to platform for groundbreaking crypto ventures, ushering in a new era of creator-fan interaction and financial empowerment.

The post XCAD Network to Launch Inaugural v2 Creator Token $DON on Ape Terminal with YouTube Star TheDonato appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

Coreum introduces recipients for Wave 3 of its app development grant

Published

on

coreum-introduces-recipients-for-wave-3-of-its-app-development-grant

The Coreum Development Foundation, or Coreum, the open-source enterprise-grade layer 1 blockchain, closes Wave 3 of its grant development program by selecting eight new grantees. Each grant recipient is poised to enhance the blockchain’s scalability and Smart Token functionality, contributing to its expansion and utility for token holders and ecosystem partners.

With institutional involvement in the blockchain ecosystem reaching new heights, the urgency for interoperability and enterprise-grade infrastructure is more critical than ever. This is especially true as traditional firms are searching for ways to scale their blockchain operations to match their ambitions and client demands within the decentralized financial realm. As such, established companies, including blockchain-native ones, have an opportunity to nurture emerging talent and projects that will help advance infrastructure and new use cases.

As the third edition of its development fund, Coreum’s grant program enables the best and brightest projects to build new applications or integrate existing ones into its blockchain network. By building on Coreum’s institution-friendly network, each grantee has the opportunity to solve challenges within the broader Web3 space.

With a total monetary reward of $300,000, the grant represents a diverse array of solutions that include development tools, decentralized storage, and SocialFi projects. In addition to the monetary prize, each grantee receives mentorship from the Coreum team. The eight projects receiving the Wave 3 grant are:

TriwebAPI: A SaaS product that simplifies Web3 infrastructure development through automation, including smart contracts and integration scripts, with a subscription-based complete hosting solution. The service makes the development process more efficient by facilitating faster Web3 product creation.
Tokenproof: An expansive toolkit that enables brands to foster long-term relationships with their consumers that are meaningful and rewarding. The service is empowering brands to connect with their audiences through the power of token-based experiences, both online and IRL.
Cypher Wallet: Creating one wallet for everything in Web3, Cypher Wallet solves the complexity of Web3 money movement by creating a unified financial ecosystem. Users can easily purchase and manage crypto across multiple chains and easily connect to any application on multiple networks without needing separate wallets.
LZero: A blockchain simulation and testing platform that supports Provable Assessment Certificates (PACs). PACs certify specific test scenario outcomes such as scalability and smart contract functionality to improve application reliability and efficiency.
Lighthouse: A provider of a perpetual protocol for long-term file storage that focuses on accessibility, security, and data verifiability. Lighthouse offers an affordable and secure option for storage needs that facilitates data transitions from Web 2.0 to Web3 and eases the integration process.
Anchain.AI: Anchain.AI hones in on securing the Web3 ecosystem with an AI-powered risk engine and premier cybersecurity expertise. The platform plays a crucial role in protecting digital assets from potential threats and ensuring a safer user environment. Designed with enterprise use in mind, Anchain has previously been integrated to Stellar at a protocol level and reinforces Coreum’s institution-focused blockchain
Cookbook: An open-source marketplace offering developers access to various solidity primitives, libraries, and smart contracts for protocols across numerous blockchains, including Coreum—created to expedite development workflows. Cookbook will also be powering Coreum’s documentation AI agent.
CoredIn: The developer of a professional SocialFi network on Coreum that leverages verifiable credentials and a custom WASM contract to establish an on-chain DID registry. CoredIn enables users to manage data sharing while adhering to the latest self-sovereign identity standards, advancing professional networking technologies.
The focus of each project selected for Wave 3 of the development grant is Coreum’s Smart Token product—a distinct solution introduced by Coreum that augments how tokens behave on the blockchain. Smart Tokens function similarly to smart contracts, enabling pre-defined token behaviors to perform specific and autonomous on-chain activities. This technology equips a wide array of organizations, from financial institutions to startups, with the capability to deploy decentralized applications (dApps) that boast enhanced adaptability and customization.

Coruem’s grant program bolsters its ongoing initiatives to nurture and support new innovations, tech development, and cross-sector collaboration. These include its Blockchain Accelerator program in partnership with CoreNest, and a recently launched University and Student Ambassador program.

“The grant program has become a cornerstone of our efforts to cultivate innovative solutions for long-standing issues in the blockchain space, and these eight projects exemplify the progress made across the ecosystem to overcome these challenges in new and exciting ways,” says Helwan Mande, Network Expansion Lead of Coreum. “Our goal at Coreum is to help ensure the future of the blockchain industry, not only through our own development but by nurturing up-and-coming projects to help reach new heights. We’re very proud to support the projects selected in Wave 3 and look forward to seeing what they create and achieve on our network.”

The post Coreum introduces recipients for Wave 3 of its app development grant appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

Global Payments Industry Research 2024-2029 Featuring Mastercard, Visa, PayPal, AliPay, UnionPay, Stripe, Adyen, WeChat Pay, Worldpay, and Klarna

Published

on

global-payments-industry-research-2024-2029-featuring-mastercard,-visa,-paypal,-alipay,-unionpay,-stripe,-adyen,-wechat-pay,-worldpay,-and-klarna

Global Payments Market

Continue Reading
Advertisement
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE