$COIN.NE - Expanding Cryptocurrency Staking Operations Tokens.com just announced that they’ve just expanded its staking operations through the purchase of additional digital assets.
- 300 ETH 2.0 (current market value, as of post: $680,064)
- 7,625 Polkadot (current market value, as of post: $83,570)
- Combined market value of the newly acquired assets = $763,634
Used funds from the recently announced loan from Genesis Global Trading (announced June 29) and pre-existing capital from their balance sheet
Now assuming they can make around 13% yearly in staking revenue (not including any underlying asset change), that’ll bring annual their revenue generated from these new tokens to just below $100,000
Full article here: https://finance.yahoo.com/news/tokens-com-expands-staking-operations-113000380.html
They’re buying the crypto at a huge discount ATM. With the staking sector rapidly growing, I expect Proof-of-Stake to overtake Proof-of-Work soon.
- 99% less energy use
- Nearly no overhead facility, maintenance, and mining costs
- Only an investment into Proof-of-Stake crypto is needed
$COIN.NE is getting cheaper every day. The huge selloff is only letting me load up shares of the company at Black Friday prices. With a market cap of $28M and $0.37, I’ll be sending in a few more bids here!