UA Multimedia oferă actualizări suplimentare despre Crypto Exchange și NFT Business

IRVINE, CA, May 24, 2021 – McapMediaWire – UA Multimedia, Inc. (OTC Pink: UAMM), a holding company and solution provider in the area of blockchain, cryptocurrency, fintech, and decentralized finance (DeFi), is pleased to provide updates on its crypto exchange and non-fungible token (NFT) business.

Specialist Crypto Exchange

The acquisition candidate crypto exchange has selected Georgia as the new Country to redomicile. Certain certification has taken longer than expected to be obtained. With the most time-consuming part completed, the company is now focusing on finalizing the registration process and expected to take on new business sometime in June.

The exchange will offer competitive listing fees allowing entities to easily list and offer their tokens for sale.  The exchange will also offer marketing and capital-raising services.  The platform is non-custodial and will interface with selected popular digital wallets to forward proceeds directly to the wallet owners using smart contracts.

The two companies have been lining up new listing candidates and will provide more details about the offerings once the business is operational.

Schimb descentralizat (DEX)

UA is also considering to offer crypto trading via its own decentralized exchange.  Unlike centralized exchanges such as Coinbase or Binance where the exchange function as a trusted intermediary to facilitate trades and store customers’ tokens, DEX trading is peer-to-peer and the users retain full custody of their cryptos via their own wallets.

As cryptocurrency trading gain more popularity, decentralized exchanges are becoming more user friendly and common.  DEXs are also less prone to hacking since they don’t have custody of the customers’ funds.

Another attractive feature of decentralized exchanges is privacy.  Because they are not under any central control, there is often no registration requirements where sensitive user information must be provided.

Indicativ nefungibil (NFT)

The software development of the NFT marketplace is making steady progress.  The marketplace will initially accept listing of digital arts but will eventually be expanded to other areas of collectibles such as music, gaming and sports.

The platform will also aim to make NFT transactions more efficient and less expensive.  Using social tools and promotion services, creators can improve the NFTs selling probability.  To address the prohibitive high fees often faced with NFT transactions on the Ethereum blockchain, the marketplace will also interface with Binance blockchain where NFT transaction fees will be negligible.  The dual interface will allow creators and collectors to transact on both blockchains while keeping a single profile and collection on a single platform.

The platform is scheduled to go live by the end of this quarter.  Incremental updates will be provided as progress is made.

ERC-20 Utility Token

The Company is planning a partnership with a non-US entity to offer ERC-20 utility tokens.  The tokens can be earned from community participation or marketplace usage.  They can also be traded, swapped or used to purchase NFTs.  Additional information about the tokens and trading will be forthcoming.

“Cryptocurrency trading and NFT activities have been growing rapidly,” said Michael Lajtay, CEO of UA Multimedia.  “We are looking forward to capture these market shares with our advanced blockchain solutions which we believe will provide more potential profit opportunities for crypto traders and better experience for NFT market participants.”

Despre UA Multimedia, Inc. 

UA Multimedia, Inc. is a solution provider specializing in blockchain, cryptocurrency, fintech and decentralized finance (DeFi).  It is also a holding company seeking to acquire domestic and foreign entities who are in the same space.

Site-ul companiei: http://www.uammedia.com

Facebook: https://www.facebook.com/uamultimedia

Twitter: https://www.twitter.com/uamultimedia

TryShowTime: https://tryshowtime.com/BlueSkyNFT

Privitor la declaratiile anterioare: 

Acest comunicat conține declarații prospective în sensul secțiunii 27a din Securities Act din 1933, astfel cum a fost modificată și secțiunii 21e din Securities and Exchange Act din 1934, astfel cum a fost modificată. Aceste declarații includ intenția, credința sau așteptările actuale ale Companiei și ale echipei sale de conducere. Este posibil ca unele sau toate evenimentele sau rezultatele anticipate de aceste declarații prospective să nu aibă loc. Potențialii investitori sunt atenționați că orice astfel de declarații prospective nu sunt garanții ale performanței viitoare și implică riscuri și incertitudini și că rezultatele reale pot diferi semnificativ de cele proiectate în declarațiile prospective ca urmare a diferiților factori. Realizarea strategiei descrise aici depinde în mod semnificativ de numeroși factori, mulți care nu sunt sub controlul conducerii. UA Multimedia, Inc. nu își asumă nicio obligație și nici nu intenționează să actualizeze rezultatele acestor declarații prospective.

Contact:

UA Multimedia, Inc.

Relații cu investitorii

949.229.1208

ir@uammedia.com

Source: https://otcprwire.com/ua-multimedia-provides-further-updates-on-crypto-exchange-and-nft-business/