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Neptune Digital Assets Corp V.NDA

Alternate Symbol(s):  NPPTF

Neptune Digital Assets Corp. is a Canada-based blockchain company. The Company is engaged in the business that builds, owns, and operates digital currency infrastructure assets. It provides cryptocurrency and blockchain infrastructure with operations across the digital asset ecosystem, including Bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (DeFi), and other associated blockchain technologies. The green Bitcoin mining is focused on using renewable energy, such as solar, hydro, and wind to power its Bitcoin mining operations. Its staking cryptocurrency is the process of validating transactions. The staking involves running software nodes or validators where Neptune is responsible for storing data, processing transactions, and adding new blocks to the blockchain. DeFi removes central controllers and brokers, which facilitates faster and cheaper transactions with no minimum transaction amounts, no paperwork, full transparency, and auditability.


TSXV:NDA - Post by User

Comment by ZER0C00Lon Aug 12, 2020 6:46am
123 Views
Post# 31396448

RE:RE:here is my assessment, but I'm not sure

RE:RE:here is my assessment, but I'm not sure
You can check their latest consolidated interim financial statements for the three and nine month periods ended May.31 2020 here

https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00014079&issuerType=03&projectNo=03088886&docId=4768942

Transfer of DASH to BTC$128,127$
Balance, May 31, 2020  15,454 Dash Digital Tolen = $1,627,385

As at May31, 2020the fair value of the Dash and ATOM digital tokens held is$2,123,150(August 31, 2019-$2,085,580).


During the yearended August31, 2019,the Company received 40,000 ATOM with a fair value of $253,527 from directorsof the Company. The Company transferred 3,656Dash with a fair value of $702,305into the portfolio and exchanged these for 120,394ATOM, of which 40,000was returned to the directors. The fair value of the ATOM returned to directors was $248,471 and the Company recognized a gain on the settlement of the debt of $5,056. During the period ended May 31, 2020, the Company earned 8,707ATOM valued at $40,714


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