StoryFire, a Tokens.com Investment Company, Launches Token

Rhea-AI Summary

Tokens.com Corp. announced that StoryFire Inc, in which they own a 15.3% stake, has launched the BLAZE cryptocurrency token on April 25th. The token is trading on various exchanges and has seen a 55% increase in value since its listing. Tokens.com received US$500,000 worth of BLAZE tokens as part of a previous sale, now valued at US$1.5 million.

Positive

• Successful launch of the BLAZE token by StoryFire Inc.

• BLAZE token trading up over 55% from listing price.

• Positive market response to the BLAZE token.

• Increased value of Tokens.com's BLAZE token holdings.

Negative

• None identified.

TORONTO--(BUSINESS WIRE)-- Tokens.com Corp. (“Tokens.com” or the “Company”) (TSX-V: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF), a technology investment company, is pleased to announce that StoryFire Inc, 15.3% owned by Tokens.com, has successfully launched its BLAZE cryptocurrency token.

StoryFire successfully launched its BLAZE token on April 25th. The Blaze token is listed and trades on several exchanges including PancakeSwap and MEXC.

The BLAZE token has seen a strong initial response in the market, trading up over 55% from the initial listing price. As part of Tokens.com's sale of Metaverse Group (MVG) and Hulk Labs to StoryFire in March 2024, Tokens.com was provided US$500,000 of BLAZE tokens that hold a current value of approximately US$1.5 million. More information on the BLAZE token can be found here.

“As Tokens.com expands into the AI and robotics sectors, we are pleased to see our legacy investments succeeding. We congratulate our partners at StoryFire on the successful launch of their Blaze token. We support their endeavors and are excited to see the growth happening quickly on our investment in their business,” said Andrew Kiguel, CEO of Tokens.com.

About Tokens.com

Tokens.com is a technology company focused on building ultra-realistic humanoid robotics and companionship based AI. Tokens.com also owns 15.3% of StoryFire Inc., an inventory of cryptocurrencies and a collection of top ranked crypto related domain names.

Visit Tokens.com to learn more.

Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.

About StoryFire

StoryFire is a private online social entertainment and gaming platform that empowers users to create and engage with immersive narratives. With a rapidly growing user base of 2.5 million, StoryFire offers a vibrant and creative community for storytellers and enthusiasts. StoryFire users create social posts akin to Twitter, gain a following and earn an in-app currency known as Blaze. StoryFire is a privately owned entity.

For more information visit https://storyfire.com/.

Forward-Looking Statements

This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “shall”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the expected closing date of the Transaction and the projected impact of the acquisition of Simulacra on the Company’s business, financial conditions and results.

Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. Important factors that could cause actual results and financial conditions to differ materially from those indicated in the forward-looking statements include, among others: (a) the risk that the closing conditions for completion of the Transaction, including TSXV approval, are not satisfied; (b) risks relating to general economic, market and business conditions; and (c) unforeseen delays in the timelines for any of the transactions or events described in this press release.

We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “US Securities Act”) or any states securities laws and may not be offered or sold within the United states or to US Persons (as defined in Regulation S under the US Securities Act) unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240501312733/en/

Tokens.com Corp.

Andrew Kiguel, CEO

Email: contact@tokens.com

Jennifer Karkula, Head of Communications

Email: contact@tokens.com

Telephone: 647-578-7490

Source: Tokens.com Corp.

FAQ

When was the BLAZE token launched by StoryFire Inc?

The BLAZE token was launched on April 25th.

What is the current trading status of the BLAZE token?

The BLAZE token is listed and trades on exchanges like PancakeSwap and MEXC.

How much did Tokens.com receive in BLAZE tokens?

Tokens.com received US$500,000 worth of BLAZE tokens, valued at US$1.5 million.