Advanced Blockchain AG

  • WKN: A0M93V
  • ISIN: DE000A0M93V6
  • Land: Deutschland

Nachricht vom 11.03.2021 | 08:55

Advanced Blockchain AG makes Fei Protocol Investment

DGAP-News: Advanced Blockchain AG / Key word(s): Cryptocurrency / Blockchain/Acquisition
11.03.2021 / 08:55
The issuer is solely responsible for the content of this announcement.

Advanced Blockchain AG (Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) has made an investment into the Fei Protocol (https://fei.money/). This investment was made through nakamo.to in the same round as Coinbase and other prominent investors, in a united effort to support this promising new stablecoin project.

 

Price-stable coins ("stablecoins") are a popular and multi-beneficial concept in decentralized finance and blockchain. These tokens help to alleviate price volatility issues, lowering the risk and improving the utility of token ownership. However, existing stablecoin models still exhibit a variety of limitations. A significant cause of the disadvantages of present stablecoins is that they tend to be collateralized by other cryptocurrencies. As a result, these solutions are not truly decentralized, and suffer from scalability issues due to capital inefficiency resulting from overcollateralization.

 

With this investment into the Fei Protocol, Advanced Blockchain supports the development and use of an improved stablecoin model, that is positioned to price stability without compromising on decentralization. Thus, this investment helps Advanced Blockchain uphold its mission of promoting user-centric, cutting-edge blockchain solutions.

 

Additional information on Advanced Blockchain AG and its various projects and investments can be found at www.advancedblockchain.com.



11.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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