BLAQclouds, Inc. Announces Initial Lauch of BLAQ Token on BLAQlp.io

Rhea-AI Summary

BLAQclouds (OTC: BCDS) has announced the launch of its first liquidity pool on BLAQlp.io featuring the debut of the BLAQ token on Ethereum and ZEUS blockchains. The launch date will be announced 24 hours in advance. The platform enables funders to contribute to non-custodial liquidity pools using any EVM-compatible token, with DiVinciPay serving as a cross-chain payment conduit. BLAQlp.io's Automatic Market Maker (AMM) formula showed an average 20x increase over a 10-day cycle during testing. The platform also rewards liquidity pool funders with 2x tokens if the pool value reaches 10x. This beta launch is part of a partnership with ZEUS Blockchain Partners and marks the official rollout of BLAQlp.io. CEO Marjorie Schaefer expressed excitement for the token launch, aligning with the company's vision for future growth.

Positive

• Launch of first liquidity pool on BLAQlp.io, featuring BLAQ token on Ethereum and ZEUS blockchains.
• AMM formula demonstrated an average 20x increase over 10-day cycles during testing.
• Platform rewards liquidity pool funders with 2x tokens if pool value hits 10x.
• Partnership with ZEUS Blockchain Partners.

Negative

• None.

LAS VEGAS, Aug. 27, 2024 (GLOBE NEWSWIRE) -- BLAQclouds, Inc. (OTC: BCDS) is pleased to announce that this week, the company will launch its first liquidity pool partnership on BLAQlp.io with the debut of the BLAQ token on both the Ethereum and ZEUS blockchains. The exact date and time for the launch will be announced with 24 hours prior notice, based on market conditions and other factors.

As previously announced, the core smart contract powering BLAQlp.io allows funders to directly contribute to non-custodial liquidity pools through a user-friendly interface. Funders can use any EVM-compatible token, with decentralized payment technology DiVinciPay serving as a cross-chain payment conduit. Once the liquidity pool is fully funded, it is minted, formally launching the project. During testing, the Automatic Market Maker (AMM) formula used by BLAQlp.io demonstrated an average 20x increase per 10-day cycle. Additionally, the platform automatically rewards the liquidity pool funding partner with 2x the token amount if and when the liquidity pool reaches a value of 10x. These functions are built into the smart contracts for the project and create a decentralized automated trustless transaction on the immutable blockchain.

This beta rollout marks the official launch of BLAQlp.io. The minting of the BLAQ token on the Ethereum and ZEUS blockchains has been made possible through the partnership between ZEUS Blockchain Partners.

Marjorie Schaefer, CEO: "We are excited to launch our very own token, one of the many projects we are working on. We look forward to achieving our vision for the company's and its shareholders' future."

About BLAQclouds, Inc.

Blaqclouds Inc., is a Nevada publicly traded company specializing in artificial intelligence and innovative blockchain technology solutions. With a commitment to delivering high-performance, secure, and scalable AI-powered blockchain solutions, Blaqclouds Inc. continues to push the boundaries of what’s possible in the digital age.

To better reflect the company’s new direction. Please disregard any and all past social media posts and/ or news releases. A company press release will verify any new social media outlets. Currently, the only media outlet is the company’s Twitter (X) account @BlaqcloudsBCDS. In order to better communicate with our shareholders please email us at marjschaefer.manager@gmail.com. The Company’s website is https://www.bcdsholdinginc.com. The company’s information can be verified at https://www.otcmarkets.com/stock/BCDS/profile. We will provide many more updates for our shareholders as the company moves in a new direction.

Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. The company may make forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates that reflect the company’s best judgment based upon current information. All investments involve risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identify from time to time in the company’s public announcements.

Contact:
Blaqclouds, Inc.
marjschaefer.manager@gmail.com

FAQ

What is BLAQclouds (BCDS) launching?

BLAQclouds is launching its first liquidity pool on BLAQlp.io featuring the BLAQ token on Ethereum and ZEUS blockchains.

When will the BLAQ token be launched?

The exact date and time for the BLAQ token launch will be announced with 24 hours' prior notice.

What blockchains will BLAQ token be available on?

The BLAQ token will be available on both Ethereum and ZEUS blockchains.

What is DiVinciPay's role in BLAQlp.io?

DiVinciPay serves as a cross-chain payment conduit, enabling funders to use any EVM-compatible token.

What were the testing results of the AMM formula used by BLAQlp.io?

The AMM formula demonstrated an average 20x increase over a 10-day cycle during testing.

What rewards do liquidity pool funders receive on BLAQlp.io?

Funders are rewarded with 2x the token amount if the liquidity pool's value reaches 10x.

Who is BLAQclouds partnering with for the BLAQ token launch?

BLAQclouds is partnering with ZEUS Blockchain Partners for the BLAQ token launch.