BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the
“Company”), a leader in blockchain infrastructure and technology,
is pleased to announce its partnership with Figment Inc.
(“Figment”), one of the world’s foremost blockchain infrastructure
providers, for the launch of its Staker Protection Plan. This
solution is designed to enhance transaction inclusion and state
preservation, addressing a critical pain point for traders and
end-users who demand greater certainty for their high-value and
time-sensitive transactions. WonderFi Technologies Inc. (TSX: WNDR)
(OTCQB: WONDF) (“WonderFi”), a top digital asset company, will join
as Figment's first customer in the pilot program.
Partnership and Pilot Program Highlights
This collaboration underscores BTCS and Figment’s shared
commitment to advancing the blockchain ecosystem by addressing
critical challenges in wider adoption. With WonderFi’s
participation, stakers on the WonderFi-owned Bitbuy and Coinsquare
platforms will be the first to enjoy the benefits of the program.
The pilot program is anticipated to go live on mainnet in March
2025 in connection with Ethereum’s Pectra update.
The Staker Protection Plan program is designed to deliver key
benefits, including:
- Providing end-users with greater confidence that their
transactions will be included in a particular block.
- Addressing complexities and heightened risks of high-value
transactions in cross-chain and cross-venue operations, ensuring
timely and predictable trading outcomes.
- Optimizing staking rewards rate (SRR) for stakers through
improved compliance and performance.
Stakers interested in participating in this solution, which is
designed to meet applicable regulatory requirements and benefit
from increased SRR can contact Figment’s customer success team.
End-users seeking information about transaction execution and
enhanced features can reach out to the BTCS team for more
information.
Charles Allen, CEO of BTCS, stated: “By partnering with
Figment and integrating WonderFi as the first participant, we are
laying a strong foundation for staker empowerment and ecosystem
growth. This partnership exemplifies our dedication to delivering
solutions that foster revenue growth and operational
excellence.”
Lorien Gabel, CEO of Figment, added: “At Figment, we
are committed to driving innovation in blockchain infrastructure to
enhance the Ethereum ecosystem and increase adoption. Our
partnership with BTCS on this innovative solution demonstrates our
dedication to addressing critical challenges in staking operations.
By providing solutions that ensure fairness and enhance transaction
inclusion, we are fostering a more reliable and fair network for
all participants.”
Dean Skurka, CEO of WonderFi, stated: “Participating in
BTCS’s Staker Protection Plan pilot is a natural extension of our
commitment to innovation and growth. We believe that this program
will not only enhance our validator operations but also increase
revenue for our shareholders and ultimately, higher staking rewards
to our customers. We’re excited to be at the forefront of
initiatives that have the potential to redefine validator
strategies.”
About BTCS
BTCS Inc. (Nasdaq: BTCS) is a
U.S.-based blockchain infrastructure technology company currently
focused on driving scalable revenue growth through its Ethereum
blockchain infrastructure operations. BTCS has honed its expertise
in Ethereum network operations, particularly in block building and
validator node management. Its branded block-building operation,
Builder+, leverages advanced algorithms to optimize block
construction for on-chain validation, thus maximizing gas fee
revenues. BTCS also supports other blockchain networks by operating
validator nodes and staking its crypto assets across multiple
proof-of-stake networks, allowing crypto holders to delegate assets
to BTCS-managed nodes. In addition, the Company has developed
ChainQ, an AI-powered blockchain data analytics platform, which
enhances user access and engagement within the blockchain
ecosystem. Committed to innovation and adaptability, BTCS is
strategically positioned to expand its blockchain operations and
infrastructure beyond Ethereum as the ecosystem evolves.
Users can explore how BTCS is revolutionizing blockchain
infrastructure in the public markets by visiting
www.btcs.com.
For more information, users can follow on:
Twitter: https://x.com/NasdaqBTCS
LinkedIn: https://www.linkedin.com/company/nasdaq-btcs
Facebook: https://www.facebook.com/NasdaqBTCS
About Figment
Figment is the leading provider of
staking infrastructure. Figment provides the complete staking
solution for over 700 institutional clients and $15B in assets
staked across asset managers, exchanges, wallets, foundations,
custodians, and banks, to earn rewards on their digital assets. For
more information, users can visit www.figment.io. Partnering with BTCS
for the Staker Protection Plan exemplifies Figment’s dedication to
innovation in the ecosystem and empowerment of stakers.
About WonderFi
WonderFi is the largest regulated
crypto trading platform in Canada and a global leader in
centralized and decentralized financial services and products. With
over $2.2B in assets under custody, WonderFi is well-positioned to
service crypto participants on a global scale with trading,
payments, and decentralized products, including purpose-built
blockchains and non-custodial wallet applications. Designed to
provide investors with diversified investment exposure across the
global digital asset ecosystem, the Company has a proven track
record of launching new products and obtaining applicable licenses.
It is also the owner of market-leading brands, including Bitbuy,
Coinsquare, SmartPay and Tetra Trust. As the world continues to
move on-chain, WonderFi is strategically placed to capture both
market and wallet share through ongoing innovation within the
digital asset space.
For more information, users can visit www.wonder.fi
Forward-Looking Statements
Certain statements in this press release constitute
“forward-looking statements” within the meaning of the federal
securities laws, including statements regarding our anticipated
launch on mainnet and revenue growth. Words such as “may,” “might,”
“will,” “should,” “believe,” “expect,” “anticipate,” “estimate,”
“continue,” “predict,” “forecast,” “project,” “plan,” “intend” or
similar expressions, or statements regarding intent, belief, or
current expectations, are forward-looking statements. While the
Company believes these forward-looking statements are reasonable,
undue reliance should not be placed on any such forward-looking
statements, which are based on information available to us on the
date of this release. These forward-looking statements are based
upon assumptions and are subject to various risks and
uncertainties, including without limitation regulatory issues,
unexpected issues with the Staker Protection Plan and launch as
well as issues with Ethereum’s planned Pectra update, as well as
risks set forth in the Company’s filings with the Securities and
Exchange Commission including its Form 10-K for the year ended
December 31, 2023, which was filed on March 21, 2024. Thus, actual
results could be materially different. The Company expressly
disclaims any obligation to update or alter statements, whether as
a result of new information, future events, or otherwise, except as
required by law.
BTCS Investor Relations:
Charles Allen – CEO
X (formerly Twitter): @Charles_BTCS
Email: ir@btcs.com
Figment Contact:
Email: marketing@figment.io
WonderFi Investor Relations:
Charlie Aikenhead
Email: Invest@wonder.fi
