SANP Contracted to Develop AGUA Coin
Santo Mining Corp (OTC PINK:SANP) has announced a contract to develop AGUA, a stablecoin linked to water rights at $0.30 per liter. This initiative will utilize weather telemetry data from reservoirs, with an in-house analytics system ensuring price stability through automatic minting or burning of coins. CEO Frank Yglesias emphasized the smart contract's integration with the Ethereum blockchain for efficient water resource management. The company aims to share development updates with shareholders. AGUA aligns with its humanitarian mission to enhance access to clean water.
- Contract to develop AGUA stablecoin linked to water rights.
- Price stability of AGUA maintained through automated minting/burning mechanism.
- Use of Ethereum blockchain for transparency and efficiency.
- Potential for humanitarian impact by providing equitable access to clean water.
- None.
MEDELLIN, COLOMBIA / ACCESSWIRE / September 27, 2022 / Santo Mining Corp., d.b.a. Santo Blockchain Labs (OTC PINK:SANP) today announces, it has been contracted to develop a crypto currency called AGUA. AGUA will be a stable coin tied to water rights; these water rights will be pegged to AGUA at
Frank Yglesias CEO of SANTO stated; "We are stoked to be able to create a smart contract on the Ethereum blockchain that is pegged to water reserve rights, besides collecting telemetry of water volume, we will be able to collect PH and H2O. This data will be shared with local governmental agencies. As we develop this smart contract we will be sharing our development with our shareholder community."
ABOUT AGUA:
We are a humanitarian organization dedicated to creating equitable opportunities through the provision of clean water, access to quality education and humanitarian support, all powered by a water-based stable currency.
ABOUT SANTO:
Santo Mining Corp, a Wyoming corporation and its wholly owned subsidiaries (together referred to as "SANTO" or "the Company") is an operator of crypto automated teller machines (ATMs) for purposes of selling and buying crypto assets in Latin America and the Caribbean, also SANTO has developed a franchising crypto ATM storefront concept for Latin America and the Caribbean. Our Products Our "SANTO ATM" 2-Way BTM is our most popular model; easy to configure, easy to operate. This two-way (buy and sell cryptocurrency) class A industrial kiosk paired with our cutting-edge "SANTO PAY" software is the superior product on the market. Global Crypto ATM Market The Crypto ATM market was valued at USD
FORWARD-LOOKING STATEMENTS:
Because we want to provide more meaningful and useful information, this Disclosure Statement contains certain "forward-looking statements" (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). These statements reflect our current expectations regarding our possible future results of operations, performance, and achievements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, regulation of the Securities and Exchange Commission, and common law.
Such statements use such words as " may"," would"," will"," intend"," expect"," believe"," plan"," anticipate"," and other similar terminology Specifically, and without limiting the generality of the foregoing, this report contains forward looking statements relating to (i) expectations regarding the future trading and value of bitcoin (ii) the anticipated performance of the Company, including anticipated future revenue and profit and number of machines (iii) the anticipated timing and ability of the Company to further expand internationally (iv) the ability of the Company to complete future acquisitions (v) anticipated future expenses of the Company (vi) the Company's business plans and objectives, including the expansion of its ATMs, its relationships with additional hosts and retailers and the integration and success of new software and web based services (vii) the anticipated timing for the mining and introduction of additional bitcoin (viii) the anticipated success and integration of the Company's SANTO PAY software (ix) expectations regarding the increased use of bitcoin as payment and (x) the Company's goals with respect to its anticipated future revenue sources (including web based revenue) and the timing thereof By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, which give rise to the possibility that predictions, forecasts, projections and other forward looking statements will not be achieved Forward looking statements are based on management's opinions, estimates and assumptions in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that management currently believes are appropriate and reasonable in the circumstances, including expectations and assumptions concerning prevailing currency prices and differentials exchange rates the sufficiency of budgeted capital expenditures in carrying out planned activities the timing of future acquisitions the state of the economy and the bitcoin industry results of operations performance business prospects and opportunities the impact of competition the ability to efficiently integrate assets and employees acquired through acquisitions and capital markets generally There can be no assurance that the underlying opinions, estimates and assumptions, and consequently the forward looking statements and actual results, will prove to be correct.
FRANJOSE YGLESIAS
Santo Mining Corp
+1 808-807-5212
SOURCE: Santo Mining Corporation
View source version on accesswire.com:
https://www.accesswire.com/717559/SANP-Contracted-to-Develop-AGUA-Coin
FAQ
What is the AGUA stablecoin developed by Santo Mining Corp?
How will AGUA maintain its price stability?
What technology does Santo Mining utilize for AGUA?
What is the significance of AGUA for humanitarian efforts?
When was the announcement about AGUA made?
