How to Buy a Basket of Cryptocurrencies
Cryptanite Blockchain Technologies Corp. (CSE: NITE), a Boulder-based blockchain technology company, today announced the private beta launch of its Cryptanite Wallet app. Once publicly released, the Cryptanite Wallet will include three new baskets for cryptocurrency buyers and investors—HODL, HOOD and BASE. Together, they provide a secure, easy-to-use and frictionless process to buy, invest and store a diversified collection of more than 15 top cryptocurrencies, including Bitcoin, Ethereum, Ripple, Stellar and Dash.
“Cryptanite’s core belief is that buying and investing in cryptocurrency shouldn’t take weeks or months, and should be as easy as clicking a button,” said John Eagleton, founder and CEO of Cryptanite. “Our new cryptocurrency baskets will provide easy access to the same currencies available on major platforms like Robinhood and Coinbase, but without the waiting lines and difficult user experience.”
Cryptanite plans to offer three initial cryptocurrency baskets: HODL, HOOD and BASE. The baskets will be available exclusively through a private beta accessible at www.cryptanite.com.
The HODL Basket:
The HODL basket currently includes Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP), Stellar (XLM) and NEO (NEO).
The HOOD Basket:
The HOOD basket represents the top 5 cryptocurrencies listed by Robinhood in their trading application. The HOOD basket currently includes Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Stellar (XLM) and Litecoin (LTC).
The BASE basket represents the 4 cryptocurrencies currently available for purchase on Coinbase. When Coinbase adds another cryptocurrency to its platform, the BASE basket will be automatically updated for purchase to reflect the changes. The BASE Fund currently includes Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC).
Cryptanite’s innovative baskets will transform the current user experience from a painstakingly slow, manual process, to a simple, one-click transaction. New baskets are based on Cryptanite’s proprietary decentralized wallet technology and quantitative models. Cryptanite’s machine learning algorithms actively identify top-performing cryptocurrencies according to pricing variability and make corresponding basket combinations available for purchase.
About Cryptanite Blockchain Technologies Corp.
Cryptanite Blockchain Technologies Corp. (CSE: NITE) harnesses blockchain technology to provide secure, real-time peer-to-peer payment systems. Cryptanite’s growing product line includes web and mobile apps, including credit and debit products for fiat and cryptocurrency markets. Cryptanite is based in Colorado’s Front Range. For more information, visit www.cryptanite.com.
ON BEHALF OF THE BOARD of DIRECTORS
Cryptanite Blockchain Technologies Corp.
Director and CEO
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This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the word “will” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.
Source: Cryptanite Blockchain Technologies Corp. (CSE:NITE)