Blockchain
EV Battery Tech Added to Tech Megatrend ETF and Provides Corporate Updates
Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV Battery Tech“) (CSE: ACDC) is pleased to announce it has been added to the Tech Megatrend Exchange Traded Fund (ETF). The Company also provides preliminary revenue guidance and general corporate updates.
Added to the Tech Megatrend ETF
The Company has been added to the HAN-GINS Tech Megatrend ETF (LSE:ITEP, NYSE:ITEK) (“Tech ETF“). The portfolio contains trending public companies in the technology, blockchain and EV / battery sectors.
Technology Sector |
Blockchain |
EV / Battery Tech |
|||
Name |
Ticker |
Name |
Ticker |
Name |
Ticker |
Apple Inc. |
NASDAQ: APPL |
Riot Blockchain Inc |
NASDAQ: RIOT |
Tesla Inc |
NASDAQ: TSLA |
Alphabet Inc. |
NASDAQ: GOOG |
Hive Blockchain Technologies Ltd. |
TSXV: HIVE |
Volkswagen AG |
FRA: VOW |
Microsoft Corp |
NASDAQ: MSFT |
Voyager Digital Ltd |
CSE: VYGR |
Toyota Motor Corp |
NYSE: TM |
Netflix Inc |
NASDAQ: NFLX |
Galaxy Digital Holdings Ltd. |
TSE: GLXY |
Plug Power Inc |
NASDAQ: PLUG |
For a full breakdown see: https://www.hanetf.com/product/3/fund/han-gins-tech-megatrend-equal-weight-ucits-etf-acc
“We are honored to be added to an ETF with a portfolio of such established companies,” states EV Battery Tech CEO Bryson Goodwin. “This is a clear sign of a high performing fund showing faith in our team, technology and Company.”
Tech ETF is a UCITS compliant Exchange Traded Fund domiciled in Ireland. ITEK tracks the Solactive Innovative Technologies Index (Net Total Return), an index of leading companies that are driving innovation in sectors including robotics & automation, cloud computing & big data, cyber security, future cars, genomics, social media, blockchain and digital entertainment. Tech ETF trades on the following exchanges: LSE (ITEK LN); BORSA (ITEK IM); XETRA (T3KE GY); and SIX (ITEK SW).
The fund is currently targeting growth in the blockchain sub-sector and has recently added 11 new blockchain holdings, up from two (2). For more information, please visit: https://roseferro.com/2021/03/tech-megatrend-etf-rebalances-to-focus-on-more-blockchain-stocks/
24-Month Revenue Guidance
Pursuant to the technology partnership agreement dated February 5, 2021 between the Company, the Company’s wholly owned subsidiary IoniX Pro Battery Technologies Inc. (“IoniX Pro“), and Daymak (the “Technology Partnership Agreement“), the Company has the first exclusive right to provide battery products to all of Daymak’s products. For further details on the agreement, please refer to the announcement on February 8, 2021. While the batteries themselves are normally sold at prices resulting in margins of approximately 10%, all EVs produced by Daymak are anticipated to be powered by the customized IoniX Pro Lithium-Ion battery pack, which will be equipped with the Company’s patented AI-powered battery management system (“BMS“). The BMS will carry higher margins than the batteries and therefore the Company anticipates blended margins of approximately 25%.
Daymak estimates that over 30% of its production cost will be in the battery systems, including the BMS. Since signing the Technology Partnership Agreement, the Company has already received purchase orders for $2 million dollars worth of battery systems, for just its existing LEV vehicles.
On April 6, Daymak made a guidance news announcement. For a full copy of Daymak’s press release, please follow this link: news release dated April 6, 2021.
Given Daymak’s recent announcement, the Company projects that it could generate revenues of up to $300 million in the next 24 months, from the Daymak partnership. The Company estimates that the costs associated in generating this revenue will be $225 million, resulting in profits of up to $75 million. The Company expects to see significantly higher margins with their retail products compared to the margins from the sales related to the Daymak partnership. The margins associated with Daymak’s projections are lower since Daymak is a partner and the sales to Daymak will be at wholesale (as opposed to retail) prices.
“Investors have been calling and asking for clarification on our revenue plans. I am pleased to articulate and demonstrate the importance and magnitude of this very beneficial relationship we have built with Daymak.” Commented Bryson Goodwin President and CEO.
“If you look at the EV trends over the last three years combined with clean energy initiatives going on across the globe, Daymak believes it is in a prime position to achieve superior sales,” commented Daymak CEO, Aldo Baiocchi.
According to EV-Volumes, EV Sales Volumes have been growing at over 100% month-over-month growth since July of last year.
The Company also continues to build its sales and distribution networks for its line of IoniX Pro Energy Storage Systems (ESS), including:
- the Home SmartWall, for which it expects deliveries to commence in Q4 of 2021;
- the TITAN EnergyCore, for which it expects deliveries to commence in Q3 of 2021;
- the RV Freedom, for which it expects deliveries Q3 of 2021; and
- the EV Smart Charger, for which it expects deliveries to commence in Q1 of 2022.
The Company also continues to develop blockchain platforms, which will serve as the backend infrastructure for the entire IoniX Pro product line up and will be customizable for use for third parties.
“The demand for our IoniX products has been extremely encouraging given they were all launched within the last 3 months,” commented IoniX Pro’s Chief Innovation Officer, Robert Abenante. “However, this recent partnership with Daymak has been particularly exciting given the rapid increase in orders for our battery systems.” continued Mr. Abenante.
The sales and revenue projections are subject to the forward-looking information and risk factors included below. See: “Forward Looking Information” and “Risk Factors”.
The Daymak EV line is anticipated to be ready to hit the streets starting in 2022 with Terra Ebike and Tectus Mobility followed by the Spiritus in 2023. For more information on pre-orders or to see a live counter of pre-order sales, please visit www.daymakavvenire.com.
Corporate Updates and Highlights
The Company is pleased to announce that its IoniX Pro RV Freedom battery, and IoniX Pro SmartWall have begun the manufacturing stage, and both products are expected to have the first versions landed in Canada by Summer 2021.
The Company is pleased to announce that Mr. Robert Abenante will be assuming the role of Managing Director in its subsidiary IoniX Pro. Mr. Abenante currently holds the title of Chief Innovation Officer and will now also assume the head of the Company’s battery products and services subsidiary.
The Company recently closed the first tranche of its previously announced private placement, as stated in its news release dated April 6, 2021.
On behalf of the Company,
Bryson Goodwin,
Chief Executive Officer
Blockchain
Exverse debuts its token on Bybit ahead of the FPS game’s launch
Exverse, a free-to-play game bringing a fresh take on AAA first-person-shooters to Web3, announces the launch of its native $EXVG token on ByBit, a top-three crypto exchange by volume with over 20 million users. The ByBit launch will be followed by spot listings on the MEXC and Gate exchanges. Ahead of its full alpha launch in mid-May, Exverse hosted a soft-launch tournament for 5,000 early registrees on April 15 with cash rewards for top performers.
During the last bull run, Web3 games rose to prominence under the play-to-earn mechanism that made games like “Axie Infinity” so popular. As this model became widely replicated, many of these blockchain-based games prioritized the crypto elements at the expense of the actual game aspects. This trend could be seen in practice by many titles opting to undergo a token launch before even having a working demo, disincentivizing developers to build a quality game, and leaving users with no ecosystem or functioning game to play and spend or the native currency in.
With Exverse approaching its full launch, players can earn $EXVG by performing well while using the native token to enter matches, purchase premium items, and more. The $EXVG token builds on Exverse’s extensive beta and serves as the ecosystem’s currency while the game’s community witnessed a 20 percent growth in verified signups within a month. Supporting Exverse in their token launch are prominent launchpads and incubators that include Seedify, ChainGPT, and GameFi.
To build momentum for its upcoming alpha launch in mid-May, Exverse showcased its game by holding an exclusive deathmatch-style tournament for 5,000 early wait listers on April 15. The five-day tournament, which took place on the game’s ‘Battle Planet,’ gives players a chance to demonstrate their skills and win rewards via stablecoins and tokens. With $50,000 in total up for grabs, the top 100 performers earned at least $200. Top five finishers earnings were dispersed accordingly:
1st place: $4,000
2nd place: $2,000
3rd place: $1,500
4th and 5th place: $1,000
Built using Epic’s Unreal Engine 5, Exverse utilizes blockchain technology to strike a balance between enjoyable, realistic, and immersive real-time gameplay. The game prioritizes skill over pay-2-win mechanics, enabling players to earn rewards by staking tokens before a season’s kickoff. Top performers receive a share of profits from in-game NFTs such as cosmetics and skins.
To support the ecosystem’s development, expansion, and growth while rewarding the team and its early supporters, 400 million $EXVG will be minted.
“We are extremely excited about our token launch and proud to work with a great partner like ByBit to make it happen,” says Fei Ooi Hoong, CEO of Exverse. “We worked tirelessly to develop a diverse, engaging, and intuitive first-person shooter capable of revolutionizing how the public views blockchain-based gaming. Our talented team tapped into its background in traditional gaming to develop a rich and immersive gaming experience and then strategically implemented the NFT elements and in-game economics to enhance the user experience.”
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Blockchain
39% of Canada’s institutional investors have exposure to crypto: KPMG
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
The post BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests appeared first on HIPTHER Alerts.
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