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Red Light Holland $TRIP.ca $TRUFF Engages Former Canadian Special Operations Forces Officer, Glenn Cowan, Founder of One 9 Investments, to Advisory Board $RVV.ca $PSYC $FTRP $BUZZ

Posted by AGORACOM at 10:50 AM on Friday, March 5th, 2021
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Red Light Holland Corp. (CSE: TRIP) (“Red Light Holland” or the “Company“), an Ontario-based corporation engaged in the production, growth and sale of a premium brand of magic truffles to the legal, recreational market within the Netherlands, is pleased to announce that it has engaged Glenn Cowan, a Veteran of the Canadian Special Operations Forces Command (CANSOFCOM,) to the Red Light Holland Advisory Board joining Chair, Bruce Linton, and a team of talented and experienced Advisors. Cowan is also the founder of One 9 Investments Inc. which he started in 2013 while serving as a Squadron Commander in the Armed Forces. Having operated on multiple combat deployments in Afghanistan, sensitive information operations in the Middle East, and Hostage Recovery operations in Africa, Cowan brings his strategic planning and tactical command experience coupled with his progressive stance for supporting Veterans plus his investment expertise to the Red Light Holland team.

“Having served in Special Operations Forces for most of my adult life, I’m intimately aware of the physical and psychological stressors that our service men and women face on a daily basis and in retirement. When mission planning we prided ourselves on ‘out of the box’ thinking, and it’s time we apply this same creative through process to the manner in which we support our Veterans and society as a whole especially given the increase attention to mental health awareness,” said Cowan, Founder of One 9 Investments Inc. “I was introduced to the, in my opinion, positive benefits of psychedelics and microdosing during my own journey of adapting to life after the military and now as a tech investor in venture capital, I’ve come to appreciate some of the best technological innovation is naturally occurring.”

“Adding Glenn Cowan to the Red Light Holland Advisory Board is an honour for the Company. I have the utmost respect for our Armed Forces, past and present, and we appreciate Glenn’s transparency and mission in supporting those who have served through his personal investments into their well-being and through his financial investments into companies who produce military technology. We look forward to his expertise and his empathetic and huge heart to continue to help support our Military men and women and our Veterans on all levels,” said Todd Shapiro, the Chief Executive Officer and Director of Red Light Holland.

Read More: https://agoracom.com/ir/RedLightHolland/forums/discussion/topics/756659-red-light-holland-engages-former-canadian-special-operations-forces-officer-glenn-cowan-founder-of-one-9-investments-to-advisory-board/messages/2306675#message

$HPQ.ca Well-funded to Advance Its #Silicon and #Nano-silicon Materials Initiatives in Both #Batteries & #Hydrogen $ENPH $BE $NNO $PYR

Posted by AGORACOM-JC at 4:44 PM on Thursday, March 4th, 2021
  • Company has raised an additional $1,269,250 through the exercise of options and warrants, and currently has over CAD$7.4 million cash equivalent in hand.
  • In addition to the CAD$7.4 million, the cash value of outstanding in- the- money warrants (93% of them owned by PyroGenesis Canada Inc, Investissement Quebec (IQ), insiders and strategic investors) and options represent an additional $11.6 M cash available to fund our projects going forward.

MONTREAL, March 04, 2021 — Innovative silicon solutions provider HPQ Silicon Resources Inc. (“HPQ” or the “Company”) ( TSX-V: HPQ ; FWB: UGE ; Other OTC :HPQFF ), is pleased to update investors on its financial position. Since January 1, 2021, the Company has raised an additional $1,269,250 through the exercise of options and warrants, and currently has over CAD$7.4 million cash equivalent in hand.

HPQ has the money to support it aggressive development strategy
In addition to the CAD$7.4 million, the cash value of outstanding in- the- money warrants (93% of them owned by PyroGenesis Canada Inc, Investissement Quebec (IQ), insiders and strategic investors) and options represent an additional $11.6 M cash available to fund our projects going forward.

“With access to over $19 M, HPQ has the necessary funds to continue its research and development to commercialization, of our PUREVAP™ family of processes. The funds available will also allow HPQ to investigate other potential game – changing opportunities. HPQ continues to look for synergistic opportunities in order to remain at the forefront of innovative processes for the storage and delivery of clean renewable energy ,” said Bernard Tourillon, Chairman and CEO of HPQ Silicon Resources Inc. “ HPQ’s Silicon R&D Consortium has the depth and flexibility to meet the challenges, as we strive to produce products for renewable energy storage participants and electric vehicle manufacturers, each of which is searching for cost-effective ways to increase the Silicon content of their batteries . We are very confident that the Silicon materials we are developing, with our expected low-cost scalable processes, will be in high demand for batteries, and by EV manufacturers and other participants in the ongoing renewable energy revolution.”

Read More: https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion/topics/756613-hpq-well-funded-to-advance-its-silicon-and-nano-silicon-materials-initiatives-in-both-batteries-hydrogen/messages/2306576#message

$CRL.ca Expands Team With 5 New Executive Members to Accelerate Growth $IP.ca $IPNFF $PKK.ca $PKKFF $MTRX $RACMF

Posted by AGORACOM at 1:41 PM on Thursday, March 4th, 2021
Carl Data Solutions Inc. | CSE - Canadian Securities Exchange
  • “Each of the five senior executives has demonstrated success in their previous missions, which are exactly the skills and expertise that Carl Data requires to execute the growth plan over the coming years,” said CEO Jean Charles Phaneuf

VANCOUVER, BC , March 4, 2021 – Carl Data Solutions Inc. (CSE: CRL) (FSE: 7C5) (OTC: CDTAF) (“Carl Data” or the “Company”), a developer of Big-Data-as-a-Service (“BDaaS”)-based solutions for data integration, business intelligence, and Industrial Internet-of-Things (“IIoT”) applications, announced the major signing of 5 new senior executives to the existing corporate team. The new team members will be crucial partners in accelerating the growth plan and expansion of the Company.

Carl Data’s CEO, Jean Charles Phaneuf , stated ”As part of the phase 2 of my 100-day plan of action, our goal was to bring additional talent to our existing outstanding team of Engineers, Data Scientists (AI Specialists) and Sales Executives in order to take our business through the next stages of our growth plan. Each of the five senior executives has demonstrated success in their previous missions, which are exactly the skills and expertise that Carl Data requires to execute the growth plan over the coming years. I am thrilled to add these valuable team members to our existing team and take our business to the next level.”

About the New Team Members

Frank Carzoli, Business Development

Mr. Carzoli has over 25 years’ experience in executive positions in Software and Hardware industries. He has a profound understanding of both domestic and international distribution channels as well as in retail, wholesale, OEM, direct sales, leasing and government markets. He recently served as VP Sales and Business Development at VisuaScan Inc., a Supply Chain Services company from Oakdale, Minnesota and Frank also served as Vice president of Sales and Marketing for Aviva Solutions Inc., a Canadian based Software Company servicing North America , Europe , Middle East and Asia . He has a background in Computer Programming and has studied Marketing and Business Law at McGill University .

Sandra Joe, Corporate Communications

Ms. Joe has an extensive background in social media marketing, public speaking and personal coaching. She is a former Financial Planner (CFP ® ), where she worked in Melbourne, Australia for the last 7 years. Sandra has a Bachelor of Commerce in Entrepreneurial Management from Royal Roads University, and her Certified Financial Planner CFP ® designation from the Financial Planning Association of Australia .

Yves Le Borgne, Market, Technical and Operations Advisor to the CEO for new ventures

Mr. Le Borgne is recognized to deliver innovative business solutions that meet customer needs by providing strong technical leadership, in depth knowledge and results-oriented management skills to the executive team. He is recognized as a manager and executive that has constantly used novel AI approaches to otherwise classical systems. He has integrated heuristics-based solutions solvers, machine vision, neural nets, machine learning and time-traced analytics in his products, some mission-critical. In addition, he has extensive experience in software and Systems Engineering, Architecture, Product Engineering, AI methods in mission-critical systems, Systems Testing, Quality Assurance and Change Management. Yves has a Bachelor of Engineering (B.Eng) from McGill University and completed two years of masters level studies at École Polytechnique, Montréal.

Yves Salembier, Product Management

Mr. Salembier was previously co-owner and Chief Technology Officer of Coginov Inc., a privately held global technology provider that he sold. He oversaw product development and R&D projects in multiple international markets, having worked and managed teams in Canada , United-States , Europe and North Africa . From a business solution standpoint, he achieved multiple successes ranging from market positioning, product road mapping, technology watch and application architecture. He has also participated in serval expert panels in Canada and the USA as a technology evangelist-guru. He has a Master of Science (M.Sc) in Information Systems from HEC of Montreal and an Honours Bachelor of Business Administration (H.BBA) in Management Science from Bishops University . He also holds a Machine Learning (AI) Certificate from Washington University .

Pierre Paul Samson, Product and Corporate Marketing

Mr. Samson has over 25 years’ experience in both leading-edge technology and marketing. In recent years, he was CEO at the creative agency, McMillan, and Global Head of Digital and Research & Development at the creative agency Sid Lee . Throughout these experiences, he was the executive stakeholder for digital projects for brands such as Cirque du Soleil, Samsung, Intel, Fasken, Commvault and Donnelley Financial Solutions. He studied at University of Ottawa and MIT .

Grant of Options

Pursuant to the Company’s stock option plan and also to agreements signed with the Company’s new senior executives, the Company has granted stock options allowing them to purchase a total of 2,000,000 common shares in the capital of the Company (each a “Share”) at a price of $0.38 per Share until March 3 , 2026.  Every three months, 25% of the options will vest such that all of the options will have vested 12 months after the issue date.

To read more, click here.

$FANS.ca Applies for U.K. Gambling Licenses $SCR.ca $BRAG.ca $GMBL

Posted by AGORACOM at 12:39 PM on Thursday, March 4th, 2021
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  • The licenses will enable FansUnite to serve as a B2C gambling operator and a B2B technology provider in the U.K. marketplace
  • “By doing so, we will be in a position to advance our operations to capture market share in one of the most lucrative online betting markets in the world,” said CEO Scott Burton

Vancouver, British Columbia–(March 4, 2021) –  FansUnite Entertainment Inc. (CSE: FANS) (OTCQB: FUNFF) (“FansUnite” or the “Company”) announced that its subsidiaries, Askott Entertainment (Malta) Limited and E.G.G. Ltd., have filed applications for both Business-to-Business (“B2B”) and Business-to-Consumer (“B2C”) gambling licenses, respectively with the U.K. Gambling Commission (“Gambling Commission”).

The U.K. Gambling Commission was set up under the Gambling Act 2005 to regulate commercial gambling in Great Britain in partnership with licensing authorities.

As part of FansUnite’s expansion strategy, the Company has applied for a remote gambling software license, which will unlock its suite of betting products to operators in the U.K. online gambling market. In addition, E.G.G. Ltd. has applied for a remote betting license which will permit it to deploy its B2C wagering platforms in the United Kingdom.

These applications represent a critical step for FansUnite to expand its operations to the U.K., a jurisdiction that is considered to be one of the largest gambling markets in the world.

“The U.K. gambling licenses are widely regarded as the gold standard for lawful gaming operations and we are pleased to have formally submitted our application with the commission,” said Scott Burton, Chief Executive Officer of FansUnite. “The first step to our expansion in the U.K. is to obtain the relevant licenses from the country’s Gambling Commission, which will allow us to license our betting solutions as well as operate our B2C betting platforms in the United Kingdom. By doing so, we will be in a position to advance our operations to capture market share in one of the most lucrative online betting markets in the world.”‘

Click here to read more.

Peak $PKK.ca $PKKFF Provides Updates on Implementation of Fund Transfer Services and Cash Position from Exercise of Warrants $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 9:26 AM on Thursday, March 4th, 2021
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Reached an important step in the implementation of payment processing and fund transfer services on its Cubeler Lending Hub platform.
  • Peak remains on track to launch the payment processing and fund transfer services on Lending Hub in the second quarter of 2021.
  • Through the first two months of 2021, Peak received a total of $2,665,577 in cash as a result of the exercise of warrants, including a combined $500,000 from Peak’s CEO, CFO and China CEO

Montreal, Quebec–(March 4, 2021) –  Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that it has reached an important step in the implementation of payment processing and fund transfer services on its Cubeler Lending Hub platform.

Peak announced earlier this year that it had signed an agreement with China UnionPay subsidiary, Rongbang Technology Ltd. (“Rongbang”) that will allow it to process payments, settle transactions and transfer funds between lending institutions, banks and the businesses that are part of its Lending Hub ecosystem. After holding several working sessions with Rongbang’s service implementation team, the Company has now completed the setup of the test environment where virtual replications of both the Lending Hub platform and the China UnionPay network will co-exist from this point forward. Setting up the test environment was identified as one of the key milestones for the Company leading up to the launch of services. Peak is now in position to simulate transactions, test and study the results, and, if need be, make the necessary adjustments in its development environment, all of which will lead to a better understanding of the UnionPay network prior to the services going live. Peak remains on track to launch the payment processing and fund transfer services on Lending Hub in the second quarter of 2021.

Cash Position Resulting from Exercise of Warrants:

Peak’s market performance over the past few months has placed virtually all of the Company’s issued and outstanding convertible securities “in the money”. That has triggered a regular and consistent exercise of Peak warrants since about the half-way point of the fourth quarter of 2020, and continued in 2021. Through the first two months of 2021, Peak received a total of $2,665,577 in cash as a result of the exercise of warrants, including a combined $500,000 from Peak’s CEO, CFO and China CEO. This puts the Company’s cash balance at more than $7.8M as of February 28, 2021.

Read More: https://agoracom.com/ir/PeakFintechGroup/forums/discussion/topics/756561-peak-provides-updates-on-implementation-of-fund-transfer-services-and-cash-position-from-exercise-of-warrants/messages/2306461#message

VIDEO – AGORACOM Beyond The Expert With Venture Capitalist Leigh Hughes Discusses Small Cap Esports: $GMBL; $FANS / $FUNFF; $TGS; $ITM

Posted by AGORACOM-JC at 5:50 PM on Wednesday, March 3rd, 2021

AGORACOM followers have given us great feedback on our hit series “Beyond The Press Release” (BTPR) in which we speak with small cap CEO’s about important press releases in greater depth and, quite frankly, in layman’s terms for investors to truly understand their significance.

Whereas BTPR tells these stories from the side of small cap public companies, Beyond The Expert (BTE) tells these stories from the perspective of experts on these topics – and we couldn’t think of anyone better to start off this series than Leigh Hughes.

Leigh is a Venture Capitalist who I’ve personally watched conduct incredible due diligence and invest into many small cap companies that have generated incredible returns over 12-18 month periods.  

Leigh is so good at what he does that many global private equity funds and institutions take his call and often follow him into investments he chooses to make.  Moreover, he serves as an advisor to several small cap companies.

If you ever wanted to truly learn how to become a great small cap investor, it doesn’t get much better than this.

On today’s episode we discuss the outlook for esports, why it is so explosive and a few small cap esports companies to consider including:

  • Esports Entertainment Group (GMBL:NASDAQ)
  • FansUnite Entertainment (FANS:CSE / FUNFF:OTCQB)
  • TGS Esports (TGS:TSXV)
  • …. and newcomer Intema Solutions (ITM:TSXV) Who recently completed their acquisition of HypeX

Without further adieu, watch this great interview with Leigh Hughes and make sure to provide us with your feedback via comments on Twitter, YouTube or wherever you may be watching or listening.

Quizam Media Corp $QQ.ca $QQQFF is Seeing Explosive Growth for its Quantum #Cannabis Corporation, Expanding its Retail Footprint amidst The Great Cannabis Gold Rush $FAF $FAF.ca $CLIQ $ISH $ISH.ca $SUN.ca

Posted by AGORACOM-JC at 5:01 PM on Wednesday, March 3rd, 2021

Quizam Media Corp’s (QQ:CSE QQQFF:OTC) wholly owned subsidiary Quantum 1 Cannabis is experiencing rapid growth across British Columbia!

In the past 12 months, Quantum 1 has opened stores in:

  • North Vancouver
  • Vernon
  • Grand Forks
  • Keremeos
  • Creston

And it will soon be opening its sixth, and flagship, store in Oakridge, B.C.

In Tandem with this expansion, quarterly revenue is accelerating rapidly, rising from $138,000 in Nov 2019 to $954,000 in Nov 2020.

What’s its secret sauce? The company places a huge emphasis on education. That’s because Quizam has its roots as an educational media company that spent a long time educating people about cannabis, long before it became legal.

  • In this nascent market, people are looking for trusted, authoritative voices

The company’s growth comes as Canada is experiencing ‘The Great Cannabis Gold Rush’ –

  • By 2021, Canada’s cannabis market is expected to reach $3bn, translating to 77.9% CAGR from 2018-2021.
  • Cannabis now contributes $14.6bn to Canada’s economy, up from $8bn previous est.
  • Cannabis 2.0 new products (candy, drinks) could generate $2.5bn in sales in Canada.
  • You’re going to want to get comfy for this conversation with Russ Rossi, Quizam Media’s President & CEO:

Red Light Holland $TRIP.ca $TRUFF Red Light Holland’s iMicro Digital Care App Launches Virtual Telecounseling $RVV.ca $PSYC $FTRP $BUZZ

Posted by AGORACOM at 10:03 AM on Wednesday, March 3rd, 2021
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Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC Pink: TRUFF) (“Red Light Holland” or the “Company”) is pleased to announce the launch of its Virtual Telecounseling membership program on the Company’s iMicrodose Digital Care App in the Netherlands. The app currently in use by consumers, is accessible from phones, tablets or computers. The telecounseling membership program will be seamlessly integrated into the privacy first iMicro Digital Care web app creating a new frontier for virtual psychedelic platforms. Online support will be offered to adults exploring microdosing with iMicrodose packs powered by Red Light Holland in the Netherlands. Members will be able to approve and share their iMicro Digital Care app data and connect with Red Light Holland’s certified therapist and microdosing expert, Jeff Hamburg, who will provide live virtual telecounseling. Adults can now register to the membership program by going to www.iMicrodose.nl.

“Red Light Holland is extremely proud to introduce virtual telecounseling, the use of digital information and communication technologies to help support the microdosing community. This is just another example of how we are promoting responsible use of our iMicrodose packs. This membership program will bring expert knowledge to the people in the Netherlands,” said Red Light Holland CEO and Director, Todd Shapiro. “I’m excited to have an experienced counselor like Jeff Hamburg connect with Red Light Holland consumers via telecounseling facilitating growth and wellbeing.”

“It’s thrilling to work with Red Light Holland, a company that is immediately building support structures for their customers. I’m excited to be able to offer my experience and knowledge on their consumer’s microdosing journey virtually through telecounseling on the iMicro Digital Care app,” said therapist and microdosing expert Jeff Hamburg.

The company will be offering two tiers of 3 month memberships:

(i) Growth Membership, priced at 75 euro: Includes bi-monthly online support group sessions led by Jeff Hamburg, textual consultation through the iMicro app, a monthly microdosing and creativity event as well as discounts and unique benefits for purchasing Red Light Holland merchandise.

(ii) Transform Membership, currently priced at a rate of 225 euro: For those who are interested in more personal one on one counseling with Jeff Hamburg. The transform membership will include 5 hour private sessions along with all benefits of the Growth membership.

Jeff Hamburg will also be offering short consultations for adults in the Netherlands curious to learn more about microdosing. Adults can register to the membership program or book a free consultation by going to www.iMicrodose.nl.

Read More: https://agoracom.com/ir/RedLightHolland/forums/discussion/topics/756476-red-light-holland-s-imicro-digital-care-app-launches-virtual-telecounseling/messages/2306221#message

ImagineAR $IP.ca $IPNFF Awarded US Patent Focused on Location-Based Virtual Gameplay $DBO.ca $YDX.ca $SEV.ca $NTAR.ca

Posted by AGORACOM-JC at 9:08 AM on Wednesday, March 3rd, 2021
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  • Announced it has been awarded patent number US10,946,284 by the United States Patent and Trademark Office (USPTO).
  • The patent, titled “Systems and Methods for Capture and Use of Local Elements in Gameplay,” adds to ImagineAR’s deep intellectual property portfolio and is focused on location-based virtual gameplay.
  • Patent was developed with a focus on creating a rich multi-player gaming experience where aspects of gameplay may change based on the geographic location of other players as they join and leave the game.

VANCOUVER , BC and ERIE, Pa. , March 3, 2021 /- ImagineAR (CSE: IP) (OTCQB: IPNFF) an Augmented Reality company that enables sports teams, entertainers, brands and businesses to instantly create immersive global mobile phone AR campaigns, is proud to announce it has been awarded patent number US10,946,284 by the United States Patent and Trademark Office (USPTO). The patent, titled “Systems and Methods for Capture and Use of Local Elements in Gameplay,” adds to ImagineAR’s deep intellectual property portfolio and is focused on location-based virtual gameplay.

The patent was developed with a focus on creating a rich multi-player gaming experience where aspects of gameplay may change based on the geographic location of other players as they join and leave the game. The invention can utilize mobile devices with location sensing capabilities, such as GPS.

ImagineAR CEO, Alen Paul Silverrstieen, stated “This newly approved US patent, in addition to our existing portfolio of five patents, further demonstrates the advanced technology and market leadership of ImagineAR in the North American Augmented Reality marketplace.”

ImagineAR was represented before the USPTO by White and Williams LLP attorney Frank Bruno .

Read More: https://agoracom.com/ir/Imaginear/forums/discussion/topics/756465-imaginear-otcqb-ipnff-awarded-us-patent-focused-on-location-based-virtual-gameplay/messages/2306201#message

Blockchain Foundry $BCFN.ca DeFi Strategy, Enterprise Development Initiatives and New Customer Acquisitions $HUT.ca $BITF.ca $GLXY.ca $HIVE.ca $VYGR.ca

Posted by AGORACOM-JC at 9:00 AM on Wednesday, March 3rd, 2021
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  • Company is actively pursuing a two-pronged strategy to roll out products in the decentralized finance (“DeFi”) space and more traditional enterprise software solutions which leverage blockchain capabilities.
  • DeFi is a new area of blockchain technology that uses smart contracts to perform operations that would typically be performed by centralized entities or a series of intermediaries.
  • BCF has been actively evaluating blockchain-enabled product opportunities in several industry verticals, including remittances, loyalty applications and digital identities.

TORONTO, March 03, 2021 — Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN), a leading North American blockchain development firm, is pleased to provide an update on its product strategy, development initiatives and new customer acquisitions.

Product Strategy

The Company is actively pursuing a two-pronged strategy to roll out products in the decentralized finance (“DeFi”) space and more traditional enterprise software solutions which leverage blockchain capabilities.

Decentralized Finance (DeFi) Initiatives

DeFi is a new area of blockchain technology that uses smart contracts to perform operations that would typically be performed by centralized entities or a series of intermediaries. Some examples of DeFi applications include:

  • Non-fungible tokens (“NFTs”), representing unique items such as works of art, digital collectibles or in-game items;
  • Automatic trading, market making and liquidity pools for digital assets;
  • Insurance contracts triggered automatically by pre-specified events and conditions; and
  • Stablecoins which are pegged to fiat currencies, precious metals or other traditional asset classes.

Most DeFi applications are built on the Ethereum blockchain. As discussed in previous Company disclosure, BCF has been a major contributor to the open source Syscoin blockchain protocol, which has cost, speed, security and scalability advantages over many public blockchains, including Ethereum.

BCF is assisting with the development efforts for the next release of Syscoin, version 4.2, which is expected to be released by April 30, 2021. Syscoin 4.2 will feature support for NFTs, a commonly requested feature by BCF clients, and will lay the groundwork for future Syscoin innovations, including Syscoin’s Network-Enhanced Virtual Machine (“NEVM”). NEVM is an improved version of Ethereum’s Virtual Machine (“EVM”) and serves as the backbone for smart-contract execution within the Syscoin ecosystem. NEVM will provide better security, speed and scalability through the use of zero-knowledge proofs (“ZKPs”) 1 .

Key to the Company’s strategy is enhancing the Syscoin protocol in ways which allow BCF to operate decentralized finance applications in much more efficient ways than are currently possible on today’s public blockchains. Over the next 3-6 months, the Company intends to release an initial DeFi solution to be developed on Ethereum or Binance Smart Chain. This initial DeFi implementation is expected to have lower fees than competing products due to the Company’s unique expertise in ZKPs in combination with Layer 1 and 2 systems which will be adapted to this solution. Competing DeFi products, most notably products like Uniswap, Balancer, Kyberswap and 1Inch, charge a fee based on the transactional volume processed by the platform. Uniswap charges a fee of 0.3% and frequently handles more than $1 billion in daily trading volume and processes over 100,000 daily transactions 2 . On the current Ethereum network, 100,000 transactions would cost approximately $300K compared with less than $1 for the same number of transactions on the Syscoin network 3 .

Many DeFi applications are difficult to use, prone to scams and fraud and generally do not appeal to mainstream users. BCF intends to leverage its expertise in developing consumer and enterprise solutions for clients to distinguish its offering from others on the market and appeal to a mainstream audience.

BCF’s initial DeFi release will be deployed, tested and improved upon throughout 2021 with the intention of releasing a more scalable, faster and cheaper implementation on Syscoin as soon as the underlying Syscoin architecture is ready for deployment, currently estimated for Q4 2021 or Q1 2022.

Enterprise Development Initiatives

BCF has been actively evaluating blockchain-enabled product opportunities in several industry verticals, including remittances, loyalty applications and digital identities. For each use case, the Company has been engaging with potential industry partners who would be the initial users of any products developed by BCF and who would assist the Company in its roll out of these products to enterprise users. The Company continues to evaluate enterprise use cases and partnerships and will provide updates to the market as these initiatives progress.

New Customer Acquisition

In addition to its product development strategy, the Company continues to provide consulting and development services to projects where it believes it has a strong technological advantage and can add value for its clients.

BCF has recently engaged in two solution design projects, one for a carbon exchange product using a digital asset to represent sequestered carbon, and another project building an NFT platform to track the popularity of music, movies and TV shows and produce a corresponding payout. Both of these projects represent innovative use cases for blockchain technology and BCF looks forward to completing these solution designs and beginning work on full scale design and implementation proposals for these clients.