STRATEGIC INVESTMENT PARTNER, KIROBO, LAUNCHES P2P
SWAP BUTTON
TORONTO, ON / ACCESSWIRE / July 28, 2021 / DigiMax
Global Inc. (the 'Company' or 'DigiMax')
(CSE:DIGI)(OTC:DBKSF), a company that provides
artificial intelligence ("AI") and cryptocurrency technology
solutions, is pleased to announce that it has signed its first
collaboration agreement to expand CryptoHawk services into Hong
Kong and surrounding areas.
CryptoHawk is an Artificial Intelligence driven, price-trend
prediction tool that can be profitably used by any investor
interested in trading Bitcoin or Ethereum. The tool is different as
it uses AI and machine learning to capture profit from the
volatility of crypto currencies, rather than incur the risk of
buy-and-hold investments. As previously announced by the Company,
in its first full month of operation in June 2021, CryptoHawk
signals achieved a 1-month, long-short return on BTC of more than
25% compared to a buy-and-hold return for the same period of a loss
of 10%. In both up and down markets, CryptoHawk has the potential
to deliver subscribers much higher returns when trading.
DigiMax is collaborating with Mr. Tony Tong in Hong Kong and
other Asian regions where he has substantial influence. Mr. Tong is
Co-Chairman & Co-Founder of Hong Kong Blockchain Association
HKBA.hk.org, Council Member of International Digital Asset Exchange
Association IDAXA.org , and President of GlobalSTOx.io &
APX.HK. After graduating in engineering at the University of
Minnesota and spending 15 years in the United States in several
leading high-tech companies, Mr. Tong returned to Hong Kong where
he has held many high-profile roles a few of which include:
- Co-Founder of Pacific Financial Services and Super Angels
Ventures.
- Frequent speaker and bilingual moderator for leading fintech,
blockchain, investment banking events, including Blockchain
Economic Forum Singapore, Global Gaming Expo G2EAsia, Goldman
Sachs, UBS, CLSA , Morgan Stanley Asia Investment Summit, Bank of
America Merrill Lynch China Investment Summit.
The collaboration agreement between DigiMax and Mr. Tong will
include the issuance of 200,000 common shares of DigiMax and an
award of additional shares as he assists DigiMax in successfully
completing partnering deals with exchanges or directly increasing
the number of CryptoHawk subscribers in Asia.
"We have known DigiMax and its founders since 2017 and we are
impressed that they have withstood the test of time in the
cryptocurrency and blockchain world," said Tony Tong. "The
CryptoHawk offering is already proving itself as an excellent tool
for crypto traders to use to increase their returns and we look
forward to working together to develop more markets in Asia with
them."
"We are excited to be able to join forces with Tony Tong who we
respect as a prominent leader in the crypto industry in Asia," said
DigiMax CEO, Chris Carl. "Tony has been a leader and an innovator
in every facet of the blockchain and crypto currency space and we
are certain that CryptoHawk can deliver a whole new level of value
and power to anyone interested in trading or owning crypto
currencies in their portfolio."
KIROBO Update
Kirobo, a blockchain technology company into which DigiMax has
made a strategic investment (see May 3, 2021 Press Release),
yesterday announced it has launched its 'P2P Swap Button', a
decentralized tool allowing cryptocurrency users to execute token
swaps without having to use an exchange or custodial third
party.
By taking the swap off-exchange, the tool allows users to decide
their own prices for their tokens and transact directly with peers.
As a result, slippage is avoided completely.
Asaf Naim, co-founder and CEO of Kirobo, said: "Until now, it
wasn't possible to execute a swap without losing money, because
exchange algorithms adjust token prices according to the amounts
put up for sale. We're allowing people to trade without an exchange
and to set their own prices, with complete security, for the first
time ever."
Kirobo's safe transfer platform secures transactions with an
authentication key, the component parts of which are divided
between the first party, the smart contract, and the Kirobo server.
There's no single point of failure, and Kirobo does not hold users'
funds at any point.
For more information, please see Kirobo's full press release at:
https://news.bitcoin.com/kirobos-p2p-swap-button-introduces-slippage-free-direct-token-swaps-to-crypto-market/.
About DigiMax
DigiMax is an Artificial Intelligence technology company
committed to unlocking the potential of disruptive technologies by
providing advanced financial, predictive, and cryptocurrency
solutions across various verticals. DigiMax is an official IBM
Watson partner, and the Company's engineering team has extensive
experience in Machine Learning, Neural Language Processing, AI, Big
Data and Cryptocurrency technology.
To learn more, visit our website:https://digimaxglobal.com/.
Contact:
Martti Kangas
Investor Communications
647-521-9261
mkangas@digimax-global.com
Chris Carl
President & CEO
416-312-9698
ccarl@digimax-global.com
Cautionary Note Regarding Forward-looking
Statements
This press release contains 'forward-looking statements or
information'. Forward-looking statements can be identified by words
such as: anticipate, intend, plan, goal, seek, believe, project,
estimate, expect, strategy, future, likely, may, should, will and
similar references to future periods. Examples of forward-looking
statements in this press release include, among others, statements
we make regarding the uses of our CryptoHawk.ai and CryptoDivine.ai
software and their potential benefits and uses, and information
about future plans, expectations and objectives of the
Company.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Our actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. The Company may not actually
achieve its plans, projections, or expectations. The
forward-looking statements and information are based on certain key
expectations and assumptions made by the Company, including
expectations and assumptions concerning the uses, benefits and
expectations of our CryptoHawk.ai and CryptoDivine.ai software.
Important factors that could cause our actual results and financial
condition to differ materially from those indicated in the
forward-looking statements include, among others, the following:
the adequacy of our cash flow and earnings, the benefits and uses
of our software, the pricing and availability of our software, the
availability of future financing and/or credit, and other
conditions which may affect our ability to expand the App Platform
and software described herein, the level of demand and financial
performance of the cryptocurrency industry, developments and
changes in laws and regulations, including increased regulation of
the cryptocurrency industry through legislative action and revised
rules and standards applied by the Canadian Securities
Administrators, Ontario Securities Commission, and/or other similar
regulatory bodies in other jurisdictions, disruptions to our
technology network including computer systems, software and cloud
data, or other disruptions of our operating systems, structures or
equipment, the impact of Covid-19 or other viruses and diseases on
the Company's ability to operate, consumer sentiment towards the
Company's products and services, failure of counterparties to
perform their contractual obligations, government regulations,
competition, loss of key employees and consultants, and general
economic, market or business conditions, the impact of technology
changes on the products and industry, as well as those risk factors
discussed or referred to in disclosure documents filed by the
Company with the securities regulatory authorities in certain
provinces of Canada and available at www.sedar.com.
Given these risks, uncertainties and assumptions, you should not
place undue reliance on these forward-looking statements.
Any forward-looking statement made by us in this press
release is based only on information currently available to us and
speaks only as of the date on which it is made. Except as required
by applicable securities laws, we undertake no obligation to
publicly update any forward-looking statement, whether written or
oral, that may be made from time to time, whether as a result of
new information, future developments or otherwise.
SOURCE: DigiMax Global Inc.
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