KRONOS ADVANCED TECHNOLOGIES INC ACQUIRES 600,000,000 DOGECOIN CASH
Kronos Advanced Technologies (OTC: KNOS) announced the completion of an exchange with the Dogecoin Cash Foundation, trading all its holdings in First Bitcoin for 600 million Dogecoin Cash. This move allows KNOS to increase its participation in its DogeSPAC beyond the initial 20%. The company, which has begun accepting Dogecoin as payment for its air purification products, seeks to capitalize on the rising popularity of Dogecoin Cash. Furthermore, Kronos recently filed for a patent for an innovative face mask and continues to develop advanced air purification technologies.
- Completed exchange for 600 million Dogecoin Cash, enhancing SPAC participation.
- Increased payment acceptance in Dogecoin, positioning the brand favorably with crypto users.
- Filed for a patent on a unique face mask, showcasing innovation and potential market expansion.
- None.
Los Angeles, CA, April 12, 2021 (GLOBE NEWSWIRE) -- KRONOS ADVANCED TECHNOLOGIES, INC. (OTC MARKETS: KNOS) ("KNOS" or the "Company"), a product development and production company that has significantly changed the way indoor air is moved, filtered and sterilized today announced that last month it completed an exchange with the Dogecoin Cash Foundation of its entire holdings in First Bitcoin (Crypto: BIT) for 600,000,000 Dogecoin Cash (Crypto: DOG).
This enables KNOS to participate in its recently formed DogeSPAC at a greater rate than the
"With the growing excitement around Dogecoin Cash, Kronos aggressively accepting Dogecoin as payment, and our popular limited edition air purifier rebranded as AirDOGE, we felt that swapping into Dogecoin Cash was a natural fit," stated company President, Michael Rubinov.
Customers can purchase the company’s revolutionary clean air products using U.S. Dollars, Dogecoin, and other cryptos by visiting the Kronos shopping portal: https://www.1800safeair.com
About Dogecoin Cash
Dogecoin Cash was created as a non-inflationary complement to the original Dogecoin, utilizing several important advancements in crypto since the introduction of DOGE in 2013, including:
Proof of Content
Instead of the carbon-emitting Proof of Work mining used by coins like Bitcoin and Dogecoin, Dogecoin Cash uses the innovative new Proof of Content mechanism to distribute DOG to the community. Under the Proof of Content system, content creators can earn Dogecoin Cash by sharing links on the social platform Tipestry, where members vote to determine how much crypto each post and comment receives. Rather than encouraging energy consumption, this new system rewards people for creating and sharing content.
Proof of Work mining currently uses as much power as some entire countries including Greece and Argentina. According to a recent report published by Bank of America, "We believe ESG-minded [environmental, social, and governance] investors have to pay attention to the enormous environmental costs of Bitcoin."
DeFi
Designed to operate within the decentralized finance ecosystem, Dogecoin Cash exists on both the Ethereum blockchain as an ERC-20 token, and on Binance Smart Chain in the BEP-20 format. It is currently tradeable on decentralized exchanges including Uniswap on Ethereum and PancakeSwap on Binance Smart Chain. Holders can also stake their Dogecoin Cash via smart contract at stake.dog, store their tokens in a wide selection of Ethereum and Biance Smart Chain wallets, and exchange them for other assets such as non-fungible tokens (NFTs).
About Kronos Advanced Technologies, Inc.
The Company was initially founded in 2002 and funded by the U.S. military to develop electrostatic air movers. Eventually, the Company moved into the consumer air purification business. It began operations as a product development company that invented and significantly changed the way air is moved, filtered, and sterilized. Historically, Kronos has focused on developing, marketing, and selling the Company's proprietary air movement and purification technology. Serving the Indoor Air Quality (IAQ) market, Kronos technology uses state-of-the-art high voltage patented processes without the use of traditional porous HEPA filters. Kronos-based products move air silently, filter, sterilize, and purify the air while dramatically reducing energy consumption to half of a 60-watt light bulb. Kronos devices can be variable in shape or size and, therefore, have the potential to be scaled-down for air purification in cars or scaled-up in size for industrial and hazardous gas destruction. The technology is currently being implemented in multiple standalone products for businesses, homes, and vehicles of all types -to move, sterilize and filter air, including removing allergens down to 14.6 nanometers, passing through our patented technology -replacing expensive outdated passive HEPA and other filtration type systems. There are broad ranges of additional markets for standalone and embedded Kronos CORE technology-based devices. Examples of immediately addressable markets include schools, universities, healthcare facilities, operating rooms, manufacturing clean rooms, and the cabins of automobiles and commercial aircraft.
Kronos is the first publicly traded company that accepts DOGE coin as a form of payment for its products, as well as other crypto currencies.
Recently, the Company filed for a provisional patent involving an innovative protective face mask with antimicrobial and anti-cellphone radiation protection features. The Company is planning to file additional patents to improve its existing technology as well as enter into new market segments but will continue to market air purifiers and other consumer products. The Company is an exclusive distributor and licensee of the latest generation of air purifiers based on the Company's CORE technologies. The Company markets its products as Airdog® and KRONOS® brands. All Kronos products come with Kronos Promise ™ -Your Satisfaction is Guaranteed!
Company offices are located in Los Angeles, California.
Shopping portal: https://www.1800safeair.com
Follow KNOS on Twitter: https://twitter.com/kronosati
Follow KNOS on Facebook: https://www.facebook.com/kronosati
Follow KNOS on Instagram: https://www.instagram.com/kronos_ati/
Follow KNOS on Youtube: https://www.youtube.com/channel/UCdtrQDt1R26Ulh8v-S-EpJg
Follow KNOS on Reddit: https://www.reddit.com/user/Kronos_ATI
Follow KNOS on LinkedIn: https://www.linkedin.com/company/kronos-advanced-techngologies-inc
Contact us via info@kronosati.co or visit https://www.kronosati.co or https://www.1800SafeAIR.com
Disclaimer
This news release does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Kronos Advanced Technologies Inc or any other third party regardless of whether such security, product or service is referenced in this press release. Furthermore, nothing in this press release is intended to provide tax, legal, or investment advice and nothing in it should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Kronos Advanced Technologies does not represent that the securities, products, or services discussed in this press release are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, and/or tax and accounting advisor regarding your specific business, legal or tax situation.
Social Media Disclaimer and Forward-Looking Statements.
Kronos Advanced Technologies investors and others should note that we announce material information to the public about the Company through various means, including our website (https://www.kronosati.co/investors), through press releases, OTCmarkets filings, public conference calls, via our corporate Social Media accounts, listed above. We encourage our investors and others to monitor and review the information we make public in these locations as such information could be deemed to be material information. Please note that this list may be updated from time to time.
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the OTC Markets at OTCMarkets.com. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company's ability to raise capital on acceptable terms, if at all, the Company's successful development of its products and the integration into its existing products and the commercial acceptance of the Company's products.
The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so.
These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
SOURCE: KRONOS ADVANCED TECHNOLOGIES, Inc
Phone inquiries: 1-800-SAFE-AIR (option #4)
FAQ
What is the significance of Kronos' exchange for Dogecoin Cash?
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What is DogeSPAC in relation to Kronos?
