In numismatics, token coins or trade tokens are coin-like objects used instead of coins. The field of token coins is part of exonumia and token coins are token money. Tokens have a denomination either shown or implied by size, colour or shape.
MCAPMediaWire – Net Savings Link Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced the tokenomics for its ground-breaking Metaverse Share Swap Token (SST), the MNCN. The token is a 50/50 partnership with Metaverse Network LLC (MNC). NSAV will receive 7.5% of the total tokens issued as its founder’s pool allotment, of which a substantial portion will be directed towards NSAV’s previously announced share buyback program. The NSAV MNCN SST Token will have a fully diluted market cap of $380 million.
- Total Tokens to be issued – 380 million
- Token Price – $1.00 per token
- Lockup period for token purchasers – 3 months
- Lockup period for founder’s tokens – 3 months after final campaign
- Attractive Private Round discount for NSAV shareholders – to be announced shortly
- Campaign to start within 8 business days.
Last month, NSAV and Metaverse Network announced the launch of the world’s first DeFi-GameFi combined App, known as MetaFi, which offers users Play & Earn via algorithm solutions. MetaFi is a finance where users not only receive entertainment but receive rewards for participation. These rewards are transferable and can be utilised in various diverse third party individual Blockchain DApps. MetaFi users do not worry about exposing their identity.
GameFi is out to become a game-changer in the industry, after unveiling an innovative staking and evolution system that applies a game-like strategy to the crypto market.
NSAV’s De-Fi-GameFi venture with Metaverse Network LLC. will go public in New York in Q1 2022.
Last week, NSAV announced that it has agreed to acquire a 10% stake in cryptocurrency exchange, BQEX Ltd. BQEX Exchange has over 4 million registered users and is owned and operated by Metaverse Network LLC.
W. Y. Cheung, CEO of MNC stated, “We are thrilled to be able to announce the launch of the private sale of our pioneer Metaverse SST token in the next eight business days. Once again, the NSAV team has come through with a quality product in a timely manner. We are very impressed with the advanced technical ability of the NSAV team and we are truly intrigued about the design of this Metaverse Shares Swap Token structure for MetaFi SST ecology.”
Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “We are truly excited to be working with Metaverse Network LLC., as this project will extend our ECOsystem, along with the 4 million registered users of BQEX, as well as the leverage from the Metaverse and GameFi to “MetaFi” platforms, which MNC is going to deploy. According to public information, Metaverse has the potential to be a $1 trillion market, which we can harness from and we believe NSAV should also prepare for this era to arrive.”
MNC is a centralised App that transforms diversified users to decentralised universe DApps. It is a “playground” that supports both creators and users for access, allowing to create a link between the present universe and Metaverse to work together in harmony. As Blockchain environments are dominating the landscape in the next era to come, MNC believes token ecology is essential to access the new era community and to operate in the decentralised economy.
BQEX (Best Quality Exchange) is a Centralised Cryptocurrency Exchange that was established in 2017. BQEX has over 4 million registered users globally and lists over 50 cryptocurrencies. BQEX also has inbuilt multi-functional ETF windows that support project developers, in order to provide the best investment experiences to their users.
NSAV’s vision is the establishment of a fully integrated technology company, which provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. 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 [email protected]
The NSAV Twitter account can be accessed at https://twitter.com/nsavtech
The NSAV corporate website can be accessed at http://nsavholdinginc.com
The NSAV Premium OTC Crypto Trading Desk website can be accessed at https://nsavholdinginc.com/otc-desk/
The NSAV Hong Kong OTC Crypto Trading Desk website can be accessed at https://hkotc.co/
The NSAVDEX 2 Exchange website can be accessed at https://nsavdex.io/
The NSAVDEX Telegram account can be accessed at https://t.me/NSAVDEXorg
Silverbear Capital Inc., a leading, global investment banking firm, will be advising NSAV on strategic matters related to this transaction.
Silverbear Capital Inc. (SBC) has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice.
Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product (nor shall any such shares or product be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.
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 harbours 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.
Net Savings Link Inc.