BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain
technology-focused company, announced today the private beta launch
of its proprietary Digital Asset Analytic and Staking-as-a-Service
Platform: StakeSeeker (www.stakeseeker.com). In conjunction with
the roll out of StakeSeeker, we are also pleased to announce the
launch of our new investors relations and corporate website
(www.btcs.com) which includes a new investor presentation and
provides a comprehensive resource for current and potential
shareholders to gain a deeper understanding of our business and
future growth prospects.
“Over the past two years, BTCS has been
expanding our blockchain infrastructure operations and investing in
the technology to create and run validator nodes on a growing
number of cutting-edge proof-of-stake blockchain networks. Building
on the momentum from the staking of the Company’s own digital
assets, we are excited to announce the private beta launch of our
proprietary Digital Asset Analytic and Staking-as-a-Service
Platform: StakeSeeker!” stated Charles Allen, Chief Executive
Officer of BTCS.
“The recent collapse of centralized lending
platforms and exchanges such as FTX, Celsius, and Blockfi has
highlighted the significant risks that come with earning yield
through these traditional channels. In contrast, non-custodial
staking, such as BTCS’s StakeSeeker, offers a secure and reliable
way to earn yield on tokens, with substantially lower risk compared
to centralized options. While the rewards may be lower than those
offered by DeFi protocols or collapsed centralized platforms, the
peace of mind and safety provided by non-custodial staking make it
a highly attractive option on a risk-adjusted basis. As the market
continues to evolve and investors seek out safer ways to earn
yield, we believe that non-custodial staking like StakeSeeker will
only continue to rise in popularity.” continued Allen.
What is StakeSeeker?StakeSeeker
is a one-stop-shop crypto dashboard for crypto holders to earn
passive crypto rewards by staking through the non-custodial Stake
Hub and evaluate their crypto portfolios across exchanges and
wallets in a single analytics platform. The platform was developed
to empower crypto holders, to self-custody their crypto, and to
better understand and grow their digital asset holdings with
innovative crypto portfolio analytics and a simplified process to
earn staking rewards.
Why is StakeSeeker
unique?Historically, crypto holders have looked to
multiple sources to hold their crypto, including exchanges (e.g.
Coinbase, Kraken, Binance, etc.) and an ever-growing suite of
digital wallets (e.g. Metamask, Keplr, Trezor, etc.). Holdings on
multiple platforms creates an issue of central tracking, resulting
in manual processes to view and analyze the performance of their
entire portfolio at any given time.
The concept of the StakeSeeker platform was
originally inspired as a solution to this multi-source tracking
problem and has expanded to service the growing needs and
capabilities of crypto holders through non-custodial staking and
reward generation.
“Crypto holders often store their assets on
various exchanges and digital wallets, making it difficult to track
and analyze the performance of their entire portfolio in a
centralized manner. This often requires manual processes and can be
time-consuming. As a result, many crypto enthusiasts are seeking
out solutions that allow them to easily track and manage their
portfolio as a whole.” stated Manish Paranjape, Chief Technology
Officer of BTCS.
StakeSeeker’s enhanced monitoring tools provide
an improved user experience for crypto holders also looking to
expand their tracking and analytical capabilities.
Staking with StakeSeeker involves delegating to
validator nodes run by BTCS, which has over 9 years of blockchain
technology experience, adding an additional layer of credibility
and transparency.
StakeSeeker is one of the first non-custodial
solution of its kind from a publicly-listed blockchain technology
company.
Private Beta DetailsThe private
beta will allow us to solicit feedback and work through any issues
prior to a formal public beta launch. Existing users of the legacy
Data Analytics Platform will have their accounts migrated to the
new platform beta. New users interested in joining can sign up on
www.stakeseeker.com to join the private beta.
About BTCS:BTCS Inc. is a
Nasdaq listed company operating in the blockchain technology space
since 2014 and is one of the first U.S. publicly traded companies
with a primary focus on blockchain infrastructure and staking. BTCS
secures and operates validator nodes on disruptive next-generation
blockchain networks that power Web 3, earning native token rewards
by staking our proof-of-stake digital assets.
“StakeSeeker” is BTCS’ newly introduced
proprietary Cryptocurrency Dashboard and Staking-as-a-Service
platform, developed to empower users to better understand and grow
their crypto holdings with innovative portfolio analytics and a
non-custodial process to earn staking rewards on digital asset
holdings. Users can easily link and monitor their cryptocurrency
portfolios across exchanges, wallets, validator nodes, and other
sources; and have access to a suite of data analytic tools such as
performance and reward tracking.
StakeSeeker’s Staking Hub allows users to earn
rewards by participating in network consensus mechanisms by staking
and delegating their cryptocurrencies to company-operated validator
nodes for a growing number of supported blockchains.
As a non-custodial validator operator, BTCS will
receive a percentage of token holders staking rewards generated as
a validator node fee, creating the potential opportunity for a
highly scalable business with limited additional costs. For more
information visit: www.btcs.com.
Forward-Looking
Statements:Certain statements in this press release,
constitute “forward-looking statements” within the meaning of the
federal securities laws including statements regarding continued
popularity of non-custodial staking and opportunity for a highly
scalable business. Words such as “may,” “might,” “will,” “should,”
“believe,” “expect,” “anticipate,” “estimate,” “continue,”
“predict,” “forecast,” “project,” “plan,” “intend” or similar
expressions, or statements regarding intent, belief, or current
expectations, are forward-looking statements. While the Company
believes these forward-looking statements are reasonable, undue
reliance should not be placed on any such forward-looking
statements, which are based on information available to us on the
date of this release. These forward-looking statements are based
upon current estimates and assumptions and are subject to various
risks and uncertainties, including without limitation regulatory
issues unexpected issues with our proprietary Digital Asset
Analytic and Staking-as-a-Service Platform: StakeSeeker, and
reluctance of users to try or accept our product, as well as risks
set forth in the Company’s filings with the Securities and Exchange
Commission including its Form 10-K for the year ended December 31,
2021, and the Prospectus Supplement dated September 14, 2021. Thus,
actual results could be materially different. The Company expressly
disclaims any obligation to update or alter statements, whether as
a result of new information, future events or otherwise, except as
required by law.
Investor Relations:ir@btcs.com
Public Relations:Mercy
Chikoworem.chikowore@btcs.com
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