NSAV Announces Chain Integration With ZEUS Blockchain Partners
Rhea-AI Summary
Net Savings Link (NSAV) has announced the integration of ZEUS Chain on its NSAVx Centralized Cryptocurrency Exchange. This partnership grants NSAV developer access to ZEUS's Layer 1 Ethereum Virtual Machine blockchain. The collaboration will launch a digital launchpad, NSAVotcx.io, on September 1, 2024, allowing OTC Markets-listed companies to tokenize their securities on the ZEUS blockchain.
NSAV aims to onboard at least 10% of the 11,000+ OTC Markets companies by Q4 end. The revenue model involves splitting transaction fees from tokenized securities, with each company projected to generate about $10,000 monthly. The NSAVx exchange will be temporarily unavailable from August 27-30, 2024, for integration and will include a new credit card onramp/offramp feature upon reopening.
Positive
- Integration of ZEUS Chain on NSAVx Cryptocurrency Exchange
- Launch of NSAVotcx.io platform for tokenizing OTC Markets stocks
- Exclusive development rights for digital launchpad granted by ZEUS
- Potential to onboard 1,100 OTC Markets companies by Q4 end
- Projected monthly transaction revenue of $11 million
- Addition of credit card onramp/offramp feature to NSAVx
- Q2 revenue exceeded expectations for NSAV
Negative
- Temporary unavailability of NSAVx exchange from August 27-30, 2024
News Market Reaction
On the day this news was published, NSAV declined 7.69%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
LONDON, UK / ACCESSWIRE / August 27, 2024 / Net Savings Link, Inc. (OTC Pink:NSAV), a leading Web3, blockchain and digital asset technology company, is pleased to announce the integration of the ZEUS Chain on the company's NSAVx Centralized Cryptocurrency Exchange (CEX). ZEUS Blockchain Partners ("ZEUS"), will grant NSAV developer access to the ZEUS Layer 1 Ethereum Virtual Machine (EVM), Proof of Authority (POA) blockchain. The first DApp to be launched under the partnership will combine the ZEUS NFT minting engine with NSAV to create tokenized securities for OTC Markets listings. The ZEUS NFT minting engine is available at https://www.zeusnftx.io/.
NSAV has been granted exclusive development rights by ZEUS to create a digital launchpad, allowing OTC Markets-listed companies to onboard their stock as tokenized securities on the ZEUS blockchain. This new platform, NSAVotcx.io, is scheduled to go live on September 1, 2024.
By tokenizing their stock, OTC Markets companies can enhance liquidity, reduce costs, improve transparency, and access new investor markets, ultimately supporting their growth and development in the digital asset space. With over 11,000 companies listed on OTC Markets, NSAV aims to onboard at least
Beginning August 27, 2024, the exchange will be temporarily unavailable to the public while the integration with the ZEUS Chain is completed. The exchange will resume normal operations on August 30, 2024. During this period, we are also excited to announce the integration of a credit card onramp/offramp, further enhancing the overall consumer experience.
Alfonso Knoll, CEO of NSAV, stated, "NSAVx is strategically positioned to significantly increase the number of retail consumers using the exchange. The ZEUS Chain's incredibly fast transaction speeds and low costs are integral to our growth strategy. Our Q2 revenue exceeded expectations for a growing crypto company, and as we move into Q3, our goal is to create liquidity events by enhancing the utility of NSAVx.com projects and converting them into Tier 1 coins to strengthen our balance sheet."
About Net Savings Link, Inc.: NSAV's vision is the establishment of a fully integrated
technology company, which provides turnkey technological solutions to the Web3, blockchain and digital asset industries. The Company drives innovation in the digital currency space by developing advanced blockchain technologies, digital assets, and market solutions that bridge the gap between traditional business frameworks and the future of decentralized technology. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, financial services, advisory services and information technology.
For further information please contact NSAV at info@nsavholdinginc.com
For further information please contact NSAVx.com at hello@nsavxmail.com
The NSAV corporate website can be accessed at https://www.netsavingslinkinc.com
The NSAV CEX website can be accessed at https://nsavx.com/
TheAlley.io can be accessed at https://www.thealley.io
The AirdropX.co website can be accessed at https://www.airdropx.co/
The Swopx.io website can be accessed at https://www.swopx.io
The NSAV Stock information website can be accessed at https://www.nsavstock.com
The NSAVx Token website can be accessed at https://www.nsavxtoken.com/nsavx-token
The NSAVx Discord Server can be accessed at https://discord.com/invite/7Q2Vv5NmKd
The NSAV Twitter account can be accessed at https://twitter.com/nsav_tech
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.
Contact
Net Savings Link, Inc.
info@nsavholdinginc.com
Media Contact
Organization: Net Savings Link Inc
Contact Person Name: James Tilton
Website: https://www.nsavholdinginc.com
Email: info@nsavholdinginc.com
Contact Number: +17185698815
Address: 26 Grosvenor Street, Mayfair
Address 2: W1K4QW
City: London
Country: United Kingdom
SOURCE: Net Savings Link Inc
View the original press release on accesswire.com
FAQ
What is the new integration announced by NSAV for its cryptocurrency exchange?
When will NSAV launch its new platform NSAVotcx.io?
How many OTC Markets companies does NSAV aim to onboard by the end of Q4?
What is the projected monthly transaction revenue for NSAV from the new platform?
When will the NSAVx exchange be temporarily unavailable for integration?
