BTCS Unveils Strategic Partnership with Figment and WonderFi Leading its Staker Protection Plan
BTCS Inc. (NASDAQ: BTCS) has announced a strategic partnership with Figment Inc. to launch the Staker Protection Plan, with WonderFi Technologies joining as the first customer in the pilot program. The initiative, set to launch in March 2025 with Ethereum's Pectra update, aims to enhance transaction inclusion and state preservation for high-value and time-sensitive transactions.
The program will initially benefit stakers on WonderFi-owned Bitbuy and Coinsquare platforms, offering improved transaction inclusion certainty, addressing risks in cross-chain operations, and optimizing staking rewards rate (SRR) through enhanced compliance and performance. The partnership focuses on advancing blockchain ecosystem adoption by addressing critical challenges and fostering revenue growth.
BTCS Inc. (NASDAQ: BTCS) ha annunciato una partnership strategica con Figment Inc. per lanciare il Piano di Protezione per Staker, con WonderFi Technologies che si unisce come primo cliente nel programma pilota. L'iniziativa, prevista per il lancio a marzo 2025 con l'aggiornamento Pectra di Ethereum, mira a migliorare l'inclusione delle transazioni e la preservazione dello stato per transazioni di alto valore e sensibili al tempo.
Il programma beneficerà inizialmente gli staker sulle piattaforme Bitbuy e Coinsquare di proprietà di WonderFi, offrendo una maggiore certezza di inclusione delle transazioni, affrontando i rischi nelle operazioni cross-chain e ottimizzando il tasso di ricompensa per lo staking (SRR) attraverso una migliore conformità e prestazioni. La partnership si concentra sull'avanzamento dell'adozione dell'ecosistema blockchain affrontando sfide critiche e favorendo la crescita dei ricavi.
BTCS Inc. (NASDAQ: BTCS) ha anunciado una asociación estratégica con Figment Inc. para lanzar el Plan de Protección para Stakers, con WonderFi Technologies uniéndose como el primer cliente en el programa piloto. La iniciativa, que se lanzará en marzo de 2025 con la actualización Pectra de Ethereum, tiene como objetivo mejorar la inclusión de transacciones y la preservación del estado para transacciones de alto valor y sensibles al tiempo.
El programa beneficiará inicialmente a los stakers en las plataformas Bitbuy y Coinsquare de WonderFi, ofreciendo una mayor certeza de inclusión de transacciones, abordando riesgos en operaciones cross-chain y optimizando la tasa de recompensas por staking (SRR) a través de una mejor conformidad y rendimiento. La asociación se centra en avanzar en la adopción del ecosistema blockchain abordando desafíos críticos y fomentando el crecimiento de ingresos.
BTCS Inc. (NASDAQ: BTCS)는 Figment Inc.와 전략적 파트너십을 발표하여 Staker 보호 계획을 출시하며, WonderFi Technologies가 파일럿 프로그램의 첫 번째 고객으로 참여합니다. 이 이니셔티브는 2025년 3월 이더리움의 Pectra 업데이트와 함께 출시될 예정이며, 고가치 및 시간에 민감한 거래에 대한 거래 포함과 상태 보존을 향상시키는 것을 목표로 합니다.
이 프로그램은 처음에 WonderFi 소유의 Bitbuy 및 Coinsquare 플랫폼에서 스테이커에게 혜택을 제공하며, 거래 포함의 확실성을 개선하고, 크로스체인 운영의 위험을 해결하며, 향상된 준수 및 성능을 통해 스테이킹 보상 비율(SRR)을 최적화합니다. 이 파트너십은 중요한 문제를 해결하고 수익 성장을 촉진하여 블록체인 생태계의 채택을 진전시키는 데 초점을 맞추고 있습니다.
BTCS Inc. (NASDAQ: BTCS) a annoncé un partenariat stratégique avec Figment Inc. pour lancer le Plan de Protection des Stakers, avec WonderFi Technologies rejoignant en tant que premier client dans le programme pilote. L'initiative, prévue pour mars 2025 avec la mise à jour Pectra d'Ethereum, vise à améliorer l'inclusion des transactions et la préservation des états pour les transactions de grande valeur et sensibles au temps.
Le programme bénéficiera initialement aux stakers sur les plateformes Bitbuy et Coinsquare détenues par WonderFi, offrant une meilleure certitude d'inclusion des transactions, abordant les risques dans les opérations cross-chain et optimisant le taux de récompense de staking (SRR) grâce à une conformité et des performances améliorées. Le partenariat se concentre sur l'avancement de l'adoption de l'écosystème blockchain en abordant des défis critiques et en favorisant la croissance des revenus.
BTCS Inc. (NASDAQ: BTCS) hat eine strategische Partnerschaft mit Figment Inc. angekündigt, um den Staker-Schutzplan einzuführen, wobei WonderFi Technologies als erster Kunde im Pilotprogramm teilnimmt. Die Initiative, die im März 2025 mit dem Pectra-Update von Ethereum starten soll, zielt darauf ab, die Transaktionsinklusion und die Zustandserhaltung für hochpreisige und zeitkritische Transaktionen zu verbessern.
Das Programm wird zunächst Stakern auf den von WonderFi betriebenen Plattformen Bitbuy und Coinsquare zugutekommen und eine verbesserte Sicherheit der Transaktionsinklusion bieten, Risiken bei Cross-Chain-Operationen angehen und die Staking-Belohnungsrate (SRR) durch verbesserte Compliance und Leistung optimieren. Die Partnerschaft konzentriert sich darauf, die Akzeptanz des Blockchain-Ökosystems voranzutreiben, indem kritische Herausforderungen angegangen und das Umsatzwachstum gefördert wird.
- Strategic partnership with major blockchain infrastructure provider Figment
- Secured WonderFi as first customer for pilot program
- Program launch aligned with Ethereum's Pectra update in March 2025
- Potential for increased revenue through optimized staking rewards rate (SRR)
- Program benefits and revenue impact not yet quantified
- Success dependent on March 2025 Ethereum update implementation
Insights
The strategic partnership between BTCS, Figment, and WonderFi represents a significant advancement in blockchain infrastructure that could materially impact BTCS's market position and revenue potential. The Staker Protection Plan addresses a critical market need: ensuring reliable transaction inclusion and state preservation for high-value transactions.
The timing of this initiative is particularly strategic, coinciding with Ethereum's upcoming Pectra update in March 2025. This alignment positions BTCS to capitalize on potential network improvements and increased staking activity. The partnership with Figment, a major player in blockchain infrastructure, adds significant credibility and technical capability to the solution.
WonderFi's participation as the first customer is especially noteworthy for several reasons:
- It provides immediate access to a large user base through Bitbuy and Coinsquare platforms
- Validates the commercial viability of the solution
- Creates a potential blueprint for onboarding additional platforms
The focus on regulatory compliance in the solution's design is crucial, as it reduces implementation risks and could accelerate adoption among institutional clients. The emphasis on optimizing staking rewards rate (SRR) through improved compliance and performance could create a competitive advantage in the growing staking market.
For BTCS, this partnership could drive revenue growth through multiple channels: increased staking volumes, premium services for transaction inclusion guarantees, and potential licensing of the protection plan to other platforms. The solution's focus on high-value transactions and cross-chain operations positions it well for the institutional market segment, where transaction certainty commands a premium.
Silver Spring, Maryland--(Newsfile Corp. - February 18, 2025) - BTCS Inc. (NASDAQ: BTCS) ("BTCS" or the "Company"), a leader in blockchain infrastructure and technology, is pleased to announce its partnership with Figment Inc. ("Figment"), one of the world's foremost blockchain infrastructure providers, for the launch of its Staker Protection Plan. This solution is designed to enhance transaction inclusion and state preservation, addressing a critical pain point for traders and end-users who demand greater certainty for their high-value and time-sensitive transactions. WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) ("WonderFi"), a top digital asset company, will join as Figments first customer in the pilot program.
Partnership and Pilot Program Highlights: This collaboration underscores BTCS and Figment's shared commitment to advancing the blockchain ecosystem by addressing critical challenges in wider adoption. With WonderFi's participation, stakers on the WonderFi-owned Bitbuy and Coinsquare platforms will be the first to enjoy the benefits of the program. The pilot program is anticipated to go live on mainnet in March 2025 in connection with Ethereum's Pectra update.
The Staker Protection Plan program is designed to deliver key benefits, including:
Providing end-users with greater confidence that their transactions will be included in a particular block.
Addressing complexities and heightened risks of high-value transactions in cross-chain and cross-venue operations, ensuring timely and predictable trading outcomes.
Optimizing staking rewards rate (SRR) for stakers through improved compliance and performance.
Stakers interested in participating in this solution, which is designed to meet applicable regulatory requirements and benefit from increased SRR can contact Figment's customer success team. End-users seeking information about transaction execution and enhanced features can reach out to the BTCS team for more information.
Charles Allen, CEO of BTCS, stated: "By partnering with Figment and integrating WonderFi as the first participant, we are laying a strong foundation for staker empowerment and ecosystem growth. This partnership exemplifies our dedication to delivering solutions that foster revenue growth and operational excellence."
Cannot view this video? Visit:
https://www.youtube.com/watch?v=k3Ct7-XR8kQ
Lorien Gabel, CEO of Figment, added: "At Figment, we are committed to driving innovation in blockchain infrastructure to enhance the Ethereum ecosystem and increase adoption. Our partnership with BTCS on this innovative solution demonstrates our dedication to addressing critical challenges in staking operations. By providing solutions that ensure fairness and enhance transaction inclusion, we are fostering a more reliable and fair network for all participants."
Dean Skurka, CEO of WonderFi, stated: "Participating in BTCS's Staker Protection Plan pilot is a natural extension of our commitment to innovation and growth. We believe that this program will not only enhance our validator operations but also increase revenue for our shareholders and ultimately, higher staking rewards to our customers. We're excited to be at the forefront of initiatives that have the potential to redefine validator strategies."
About BTCS:
BTCS Inc. (Nasdaq: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its Ethereum blockchain infrastructure operations. BTCS has honed its expertise in Ethereum network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. Explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting www.btcs.com.
For more information follow us on:
Twitter: https://x.com/NasdaqBTCS
LinkedIn: https://www.linkedin.com/company/nasdaq-btcs
Facebook: https://www.facebook.com/NasdaqBTCS
About Figment:
Figment is the leading provider of staking infrastructure. Figment provides the complete staking solution for over 700 institutional clients and
About WonderFi:
WonderFi is the largest regulated crypto trading platform in Canada and a global leader in centralized and decentralized financial services and products. With over
For more information, visit www.wonder.fi
Forward-Looking Statements:
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws, including statements regarding our anticipated launch on mainnet and revenue growth. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation regulatory issues, unexpected issues with the Staker Protection Plan and launch as well as issues with Ethereum's planned Pectra update, as well as risks set forth in the Company's filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2023, which was filed on March 21, 2024. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events, or otherwise, except as required by law.
BTCS Investor Relations:
Charles Allen - CEO
X (formerly Twitter): @Charles_BTCS
Email: ir@btcs.com
Figment Contact:
Email: marketing@figment.io
WonderFi Investor Relations:
Charlie Aikenhead
Email: Invest@wonder.fi
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241004
FAQ
When will BTCS launch its Staker Protection Plan with Figment?
What are the main benefits of BTCS's Staker Protection Plan?
Who is the first customer for BTCS's Staker Protection Plan?
How will BTCS's Staker Protection Plan affect staking rewards?
Which platforms will first implement BTCS's Staker Protection Plan?
