NSAV Reports Strong Second-Quarter 2024 Financial Results and Upgrades 2024 Guidance
Net Savings Link (NSAV) reported strong Q2 2024 financial results, with revenue reaching $11.69 billion, a 5,710% increase from Q1. Intangible assets rose to $11.76 billion ($1.64 per share) due to onboarding over 100 new crypto utility projects. The company's NSAVx CEX Exchange saw user growth exceeding 9 million, later adjusted to 431,630 active users after purging inactive accounts.
NSAV entered partnerships with several companies, including StaynexZEUS and DiVinciPay. The company maintained FINCEN registration and is pursuing licenses in various jurisdictions. For Q3 2024, NSAV aims to onramp 500 more projects, implement a systematic swap schedule for utility projects, and launch new technologies like NSAVPay and NSAvip.
Net Savings Link (NSAV) ha riportato risultati finanziari solidi per il Q2 2024, con un fatturato che ha raggiunto $11,69 miliardi, un aumento del 5.710% rispetto al Q1. Gli attivi intangibili sono saliti a $11,76 miliardi (1,64 $ per azione) grazie all'onboarding di oltre 100 nuovi progetti utilitari crypto. L'exchange NSAVx CEX dell'azienda ha visto una crescita degli utenti superiore ai 9 milioni, successivamente aggiustata a 431.630 utenti attivi dopo la rimozione degli account inattivi.
NSAV ha avviato collaborazioni con diverse aziende, tra cui StaynexZEUS e DiVinciPay. L'azienda ha mantenuto la registrazione presso FINCEN ed è in fase di ottenimento di licenze in varie giurisdizioni. Per il Q3 2024, NSAV punta a lanciare 500 nuovi progetti, implementare un programma di scambio sistematico per i progetti utilitari e lanciare nuove tecnologie come NSAVPay e NSAvip.
Net Savings Link (NSAV) reportó sólidos resultados financieros para el Q2 de 2024, con ingresos que alcanzaron $11.69 mil millones, un incremento del 5,710% en comparación con el Q1. Los activos intangibles aumentaron a $11.76 mil millones (1.64 $ por acción) gracias a la incorporación de más de 100 nuevos proyectos utilitarios de criptomonedas. La plataforma de intercambio NSAVx CEX de la empresa experimentó un crecimiento de usuarios que superó los 9 millones, que luego se ajustó a 431,630 usuarios activos tras limpiar cuentas inactivas.
NSAV estableció asociaciones con varias empresas, incluyendo StaynexZEUS y DiVinciPay. La compañía mantuvo el registro en FINCEN y está en proceso de obtener licencias en diversas jurisdicciones. Para el Q3 de 2024, NSAV tiene como objetivo incorporar 500 proyectos más, implementar un cronograma de intercambio sistemático para proyectos utilitarios y lanzar nuevas tecnologías como NSAVPay y NSAvip.
Net Savings Link (NSAV)는 2024년 2분기 강력한 재무 결과를 보고했으며, 수익은 $11.69억에 도달해 1분기 대비 5,710% 증가했습니다. 무형 자산은 100개 이상의 새로운 암호화 유틸리티 프로젝트를 온보딩하면서 $11.76억 (주당 1.64 $)로 상승했습니다. 회사의 NSAVx CEX 거래소는 사용자 수가 900만 명을 초과했으며, 이후 비활성 계정을 정리한 후 431,630명의 활성 사용자로 조정되었습니다.
NSAV는 StaynexZEUS 및 DiVinciPay를 포함한 여러 회사와 파트너십을 체결했습니다. 회사는 FINCEN 등록을 유지하고 있으며 다양한 관할권에서 라이센스를 추구하고 있습니다. 2024년 3분기에는 NSAV가 500개의 프로젝트를 추가하고, 유틸리티 프로젝트를 위한 체계적인 스왑 일정을 구현하며, NSAVPay 및 NSAvip와 같은 새로운 기술을 출시할 계획입니다.
Net Savings Link (NSAV) a annoncé des résultats financiers solides pour le 2ème trimestre 2024, avec des revenus atteignant 11,69 milliards de dollars, soit une augmentation de 5 710 % par rapport au 1er trimestre. Les actifs incorporels ont augmenté à 11,76 milliards de dollars (1,64 $ par action) grâce à l'intégration de plus de 100 nouveaux projets utilitaires de cryptomonnaie. L'échange NSAVx CEX de l'entreprise a connu une croissance des utilisateurs dépassant 9 millions, ajustée par la suite à 431 630 utilisateurs actifs après la suppression des comptes inactifs.
NSAV a établi des partenariats avec plusieurs entreprises, dont StaynexZEUS et DiVinciPay. L'entreprise a maintenu son enregistrement auprès de la FINCEN et poursuit des licences dans diverses juridictions. Pour le 3ème trimestre 2024, NSAV vise à intégrer 500 projets supplémentaires, à mettre en œuvre un calendrier d'échange systématique pour les projets utilitaires, et à lancer de nouvelles technologies telles que NSAVPay et NSAvip.
Net Savings Link (NSAV) hat starke Finanzzahlen für das 2. Quartal 2024 berichtet, mit Einnahmen von 11,69 Milliarden Dollar, was einem Anstieg von 5.710 % gegenüber dem 1. Quartal entspricht. Die immateriellen Vermögenswerte stiegen auf 11,76 Milliarden Dollar (1,64 Dollar pro Aktie), da mehr als 100 neue Krypto-Nutzungsprojekte integriert wurden. Die NSAVx CEX-Börse des Unternehmens verzeichnete ein Benutzerwachstum von über 9 Millionen, das später nach Bereinigung inaktive Konten auf 431.630 aktive Nutzer angepasst wurde.
NSAV ging Partnerschaften mit mehreren Unternehmen ein, darunter StaynexZEUS und DiVinciPay. Das Unternehmen behielt die FINCEN-Registrierung und strebt Lizenzen in verschiedenen Rechtsgebieten an. Für das 3. Quartal 2024 plant NSAV, weitere 500 Projekte zu integrieren, einen systematischen Swap-Zeitplan für Nutzungsprojekte umzusetzen und neue Technologien wie NSAVPay und NSAvip zu starten.
- Revenue increased by 5,710% to $11.69 billion in Q2 2024 compared to Q1
- Intangible assets rose to $11.76 billion ($1.64 per share)
- NSAVx CEX Exchange user growth exceeded 9 million before adjusting to 431,630 active users
- Onboarded over 100 new crypto utility projects
- Entered partnerships with several companies including StaynexZEUS and DiVinciPay
- Maintained FINCEN registration and pursuing licenses in multiple jurisdictions
- Purged inactive accounts from NSAVx CEX Exchange, reducing user count from 9 million to 431,630 active users
LONDON, UK / ACCESSWIRE / August 20, 2024 / Net Savings Link, Inc. (OTC PINK:NSAV), a leading Web3, blockchain and digital asset technology company, announced today exponential financial and operational achievements for the second quarter ended June 30, 2024, as filed with OTC Markets Group.
Second Quarter 2024 Financial Highlights:
• Revenue: Revenue reached
• Intangible Assets: Intangible assets rose substantially to
Operational Highlights:
• Partnership: During the second quarter, the company entered into partnerships with the following partners:
Staynex
ZEUS Blockchain Partners
DiVinciPay
BLAQclouds
GivBux
WRIT Media
Mad Hatter Society
• Market Expansion: While in Q1, the company began integration of onramp/offramp services for the exchange and credit card onramp capabilities for the platform, it only became approved for these services in the beginning of Q3..
• Regulatory Compliance: Successfully maintained its registration with FINCEN, as well as updating applications with Lithuania, Singapore, Dubai and Ireland. The company commenced its registration process as a Money Transmitter with the State of Colorado and Puerto Rico. The licenses and Money Transmitter registration are under various stages of the review process and we expect them to be awarded in the third quarter of 2024.
• User Growth: In Q2 2024, the company's NSAVx CEX Exchange https://nsavx.com/ user growth exceeded 9 million users. At the end of Q2, the company purged non-active accounts to conserve system resources and bandwidth for the exchange. In doing so, the company's active users were adjusted to 431,630. The company is currently implementing direct marketing campaigns to the over 8.5 million CEX inactive users.
Third Quarter 2024 Outlook and Objectives:
• Revenue Goals: In Q3, we intend to onramp the remaining 500 projects to the platform and subsequent ecosystem.
• Growth in Intangible Assets: In Q3, we plan to begin a systematic swap schedule for utility performing projects. The assets will be swapped for tier 1 tokens and coins such as BTC, ETH, BNB and any other digital assets that meet the company's objectives.
• Technology Development: Launch NSAVPay, NSAvip, theVAULT, V2 of Airdropx, V2 of SWOPx and DEX integration for DaPPs.
Alfonso Knoll, CEO of NSAV, stated, "First and foremost, I want to express my gratitude to all our nSAVAGES and stakeholders for their unwavering support. You spread our vision for utility and integration of blockchain technologies in real world transactions, and we thank you. Q1 was strong, but Q2 exceeded some expectations. Despite challenges and distractions, our team remained focused and driven to achieve our corporate goals. As we move into Q3 and Q4, we are laying the groundwork for future growth, and we're excited about what lies ahead for our expanding ecosystem."
About Net Savings Link, Inc.: NSAV's vision is the establishment of a fully integrated
technology company, which provides turnkey technological solutions to the Web3, blockchain and digital asset industries. The Company drives innovation in the digital currency space by developing advanced blockchain technologies, digital assets, and market solutions that bridge the gap between traditional business frameworks and the future of decentralized technology. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, financial services, advisory services and information technology.
For further information please contact NSAV at info@nsavholdinginc.com
For further information please contact NSAVx.com at hello@nsavxmail.com
The NSAV corporate website can be accessed at https://www.netsavingslinkinc.com
The NSAV CEX website can be accessed at https://nsavx.com/
TheAlley.io can be accessed at https://www.thealley.io
The NSAV Stock information website can be accessed at https://www.nsavstock.com
The NSAVx Token website can be accessed at https://www.nsavxtoken.com/nsavx-token
The NSAVx Discord Server can be accessed at https://discord.com/invite/7Q2Vv5NmKd
The NSAV Twitter account can be accessed at https://twitter.com/nsav_tech
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.
Contact
Net Savings Link, Inc.
info@nsavholdinginc.com
Media Contact
Organization: Net Savings Link Inc
Contact Person Name: James Tilton
Website: https://www.nsavholdinginc.com
Email: info@nsavholdinginc.com
Contact Number: +17185698815
Address: 26 Grosvenor Street, Mayfair
Address 2: W1K4QW
City: London
Country: United Kingdom
SOURCE: Net Savings Link Inc
View the original press release on accesswire.com
FAQ
What was NSAV's revenue for Q2 2024?
How much did NSAV's intangible assets increase in Q2 2024?
How many active users does NSAV's NSAVx CEX Exchange have?
What are NSAV's plans for Q3 2024?
