Neptune Expands Fantom Holdings Ahead of Sonic Network Migration
Neptune Digital Assets announces expansion of its Fantom (FTM) holdings ahead of Fantom's migration to the Sonic network. The company currently holds 663,000 Fantom tokens and employs a dollar-cost-average derivative strategy through put options, with 500,000 FTM in open option trades expiring end of November. Neptune aims to increase holdings to 1-3 million FTM depending on pricing and option premiums.
The derivative strategy could yield up to 150% APR on cash value collateral if Fantom's price remains stable. The upcoming Sonic upgrade targets over 10,000 transactions per second with sub-second finality, aiming to enhance scalability and user experience.
Neptune Digital Assets annuncia l'espansione delle sue partecipazioni in Fantom (FTM) in vista della migrazione di Fantom alla rete Sonic. Attualmente, la società detiene 663.000 token Fantom e utilizza una strategia derivativa di dollar-cost-average attraverso opzioni put, con 500.000 FTM in contratti di opzione aperti che scadranno alla fine di novembre. Neptune mira ad aumentare le proprie partecipazioni a 1-3 milioni di FTM a seconda dei prezzi e dei premi delle opzioni.
La strategia derivativa potrebbe generare fino al 150% di APR sul collaterale in valore monetario se il prezzo di Fantom rimane stabile. Il prossimo aggiornamento di Sonic punta a oltre 10.000 transazioni al secondo con finalità inferiori a un secondo, mirato a migliorare la scalabilità e l'esperienza dell'utente.
Neptune Digital Assets anuncia la expansión de sus tenencias de Fantom (FTM) antes de la migración de Fantom a la red Sonic. La compañía actualmente posee 663,000 tokens de Fantom y emplea una estrategia derivativa de promediado de costos en dólares a través de opciones put, con 500,000 FTM en operaciones de opciones abiertas que expiran a finales de noviembre. Neptune busca aumentar sus tenencias entre 1 y 3 millones de FTM, dependiendo de los precios y las primas de opciones.
La estrategia derivativa podría generar hasta un 150% de APR sobre el colateral en valor en efectivo si el precio de Fantom se mantiene estable. La próxima actualización de Sonic tiene como objetivo más de 10,000 transacciones por segundo con finalización en menos de un segundo, buscando mejorar la escalabilidad y la experiencia del usuario.
Neptune Digital Assets는 Fantom의 Sonic 네트워크로의 마이그레이션을 앞두고 Fantom (FTM) 보유량을 확장한다고 발표했습니다. 현재 이 회사는 663,000개의 Fantom 토큰을 보유하고 있으며, 11월 말 만료되는 500,000 FTM의 청산 옵션을 통해 평균 매입 비용 전략을 활용하고 있습니다. Neptune은 가격과 옵션 프리미엄에 따라 보유량을 1-3백만 FTM으로 늘리려 하고 있습니다.
이 파생 상품 전략은 Fantom의 가격이 안정적으로 유지될 경우 현금 담보에 대해 최대 150%의 연 수익률을 생성할 수 있습니다. 다가오는 Sonic 업그레이드는 초 단위의 최종성을 가진 초당 10,000건 이상의 거래를 목표로 하여 확장성과 사용자 경험을 향상시키는 것을 목표로 하고 있습니다.
Neptune Digital Assets annonce l'expansion de ses avoirs en Fantom (FTM) avant la migration de Fantom vers le réseau Sonic. L'entreprise détient actuellement 663 000 jetons Fantom et utilise une stratégie dérivée de moyenne d'achat en dollars via des options de vente, avec 500 000 FTM dans des contrats d'options ouverts qui expirent fin novembre. Neptune vise à augmenter ses avoirs à 1-3 millions de FTM en fonction des prix et des primes des options.
La stratégie dérivée pourrait générer jusqu'à 150 % de taux de rendement annuel sur la valeur en espèces des garanties si le prix de Fantom reste stable. La mise à jour à venir de Sonic vise plus de 10 000 transactions par seconde avec une finalité inférieure à une seconde, cherchant à améliorer la scalabilité et l'expérience utilisateur.
Neptune Digital Assets kündigt die Erweiterung seiner Fantom (FTM) Bestände vor der Migration von Fantom zum Sonic-Netzwerk an. Das Unternehmen hält derzeit 663.000 Fantom-Token und verwendet eine Dollar-Cost-Averaging-Derivatstrategie durch Put-Optionen, bei der 500.000 FTM in offenen Optionsgeschäften, die Ende November auslaufen, vorhanden sind. Neptune strebt an, die Bestände auf 1-3 Millionen FTM zu erhöhen, abhängig von den Preisen und Optionen.
Die Derivatstrategie könnte bei stabilen Preisen für Fantom eine Rendite von bis zu 150 % APR auf Bargeldwertsicherheiten erzielen. Das kommende Sonic-Upgrade zielt auf über 10.000 Transaktionen pro Sekunde mit weniger als einer Sekunde endgültiger Abwicklung ab, um die Skalierbarkeit und die Benutzererfahrung zu verbessern.
- Current holdings of 663,000 Fantom tokens with planned expansion to 1-3 million FTM
- Potential 150% APR returns on cash collateral through put options strategy
- Strategic positioning ahead of Sonic network upgrade
- Put option strategy carries risk if FTM price falls below strike price
- Large exposure to single cryptocurrency asset increases portfolio concentration risk
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2024) - Neptune Digital Assets Corp. (TSXV: NDA) (OTCQB: NPPTF) (FSE: 1NW) ("Neptune" or the "Company"), one of the first publicly traded blockchain companies in Canada, announces its expansion of Fantom (FTM) holdings as the blockchain prepares for its anticipated migration to the Sonic network. This move underscores Neptune's commitment to leveraging cutting-edge blockchain advancements while optimizing returns through innovative financial strategies.
Neptune currently holds 663,000 Fantom tokens and has implemented a dollar-cost-average (DCA) derivative strategy selling Fantom put options. Neptune currently has 500,000 FTM open option trade expiring at the end of November. This approach is intended to increase Neptune's total holdings to 1-3 million FTM depending on pricing and option premiums, further solidifying its presence in the Fantom ecosystem. Neptune's use of put options showcases its ability to adopt financial strategies to maximize returns. The derivative strategy can offer Neptune the opportunity to earn up to
"Leveraging derivatives allows us to strategically acquire more tokens at favorable prices while earning high returns on cash reserves, given we are long FTM, this is a win-win strategy for the Company," said Cale Moodie, CEO of Neptune Digital Assets. "We use this approach to focus on innovation and financial prudence, which are key drivers of our long-term success."
The Sonic upgrade is set to benefit the Fantom blockchain by improving scalability, transaction throughput, and user experience. With Sonic's target of over 10,000 transactions per second and sub-second finality, it intends to enhance the network's competitiveness within the blockchain ecosystem. These advancements are expected to bolster FTM's utility, making it an attractive asset for both developers and investors.
"Fantom's migration to Sonic marks a big move in its evolution," said Cale Moodie, CEO of Neptune Digital Assets. "Neptune has a long history with holding the Fantom token in addition to staking and participating in its DeFi ecosystem which was extremely lucrative for Neptune in the previous bull market. We see strong potential in Sonic's ability to elevate Fantom's performance, which aligns perfectly with Neptune's goal of investing in blockchain technologies that push the boundaries of innovation."
About Neptune Digital Assets Corp.
Neptune Digital Assets Corp. (TSXV: NDA) (OTCQB: NPPTF) (FSE: 1NW) is one of the first publicly traded blockchain companies in Canada and is at the forefront of the cryptocurrency and blockchain landscape. Neptune engages in operations across the digital asset ecosystem including Bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (DeFi), and other associated cutting-edge technology. Our unwavering commitment to innovation and strategic growth enables us to continually explore new opportunities and maximize value for our shareholders. For more information about Neptune Digital Assets Corp., please visit our website at www.neptunedigitalassets.com or follow us on X (@NeptuneDAC).
ON BEHALF OF THE BOARD
Cale Moodie, President and CEO
Neptune Digital Assets Corp.
1-800-545-0941
www.neptunedigitalassets.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", "proposes" or similar terminology. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the auditors completing the remining auditing items with respect to the Annual Filings; the inherent risks involved in the cryptocurrency and general securities markets; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company's operations; the volatility of digital currency prices; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties.
The Company does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230833
FAQ
What is Neptune Digital Assets' (NPPTF) current Fantom token holdings?
What is the target APR for Neptune Digital Assets' (NPPTF) Fantom put option strategy?
What is Neptune Digital Assets' (NPPTF) target Fantom holdings?
What are the performance targets for Fantom's Sonic network upgrade?
