- Liquid Meta achieved record revenue for 24 hours despite significantly higher market volatility
- The company continues to generate significant revenue and cash flow growth from its core liquidity mining operation despite high volatility across the crypto and DeFi markets.
- The increased volatility in the cryptocurrency markets is increasing the volume of transactions via DeFi, which leads to increased revenue for liquidity providers such as Liquid Meta.
TorontoAnd January 7 2022 /PRNewswire/ – Liquid Meta Capital Holdings Ltd. (NEO: LIQD) (“dead liquid“or the”company”), a decentralized finance technology and infrastructure company, is offering an institutional update to its business operations, given the recent volatility in most of the crypto and Defi markets.
“We are very pleased to announce that Liquid Meta has achieved record revenue for the 24-hour period that ended Thursday 6 January 2022Despite extreme volatility in the underlying market” Jonathan Wisblatt, Executive Director.
“Liquid Meta is focused on generating revenue and cash flow by providing liquidity to multiple exchanges, not speculating on price hikes. Our strategy has resulted in record daily returns and cash flow despite the current wave of profit taking that is occurring in the DeFi and cryptocurrency market. High-cap cryptocurrencies such as BTC and ETH are used as a benchmark for the overall markets that have fallen over the past 24 hour period. January 6y By about 8% and 10%, respectively, while our underlying crypto holdings shrank by less than 100 basis points. Some altcoins have fallen in crypto by more than 20% over the same time period. Our performance during this period of high volatility speaks to the strategy we have and will continue to implement. The core foundation of this strategy is to provide investors with access to the nascent growth that is occurring in DeFi in a low-volatility manner.”
Through 2022, Liquid Meta will continue to scale our liquidity mining operations while building proprietary software and tools to access, automate and unleash the explosive growth of decentralized finance.
About Liquid Meta
Liquid Meta is a decentralized financial technology and infrastructure company that powers the next generation of open access protocols and applications. The company is creating a bridge between traditional and decentralized finance while ushering in a new era of financial infrastructure that benefits anyone, anywhere.
To find out more visit: website | LinkedIn | Twitter
Neo Exchange has not reviewed or approved this press release to ensure the adequacy or accuracy of its contents.
Notice regarding forward-looking information:
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical facts, are forward-looking statements and are based on expectations, estimates and projections at the date of this press release. Any statement that includes discussions regarding predictions, expectations, beliefs, plans, expectations, objectives, assumptions, events, or future performance (often but not always using phrases such as “expect” or “do not expect”, “expect” or “expect” or Do not anticipate,” “plan,” “budget,” “scheduled,” “forecast,” “estimate,” “believe,” “intend,” or various forms of these words and phrases, or state that certain actions, events or outcomes “may or “could,” “may,” “may” or “will” be taken to occur or come true) are not statements of historical facts and may be forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause Liquid Meta’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by forward-looking statements. Factors that could cause actual results to differ materially from those projected are described in these forward-looking statements under the caption “Risks and Uncertainties” in the Company’s filing statement dated December 17, 2021 Available for viewing on SEDAR at www.sedar.com. The forward-looking statements contained in this document are made as of the date of this press release and Liquid Meta disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, future results or events, circumstances, or if estimates should change. or management opinions, or otherwise. There can be no guarantee that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those projected in such statements. Accordingly, the reader is cautioned not to place excessive reliance on forward-looking statements.
Liquid Meta’s operations could be significantly adversely affected by the effects of a large-scale global infectious disease outbreak, including the recent outbreak of the disease caused by COVID-19. The impact of COVID-19 on operations and the ability of others to meet their obligations cannot be accurately predicted, including uncertainties regarding the eventual geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel restrictions and quarantines imposed by governments of affected countries. In addition, outbreaks of infectious diseases in humans could lead to a large-scale health crisis that could negatively affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect operations and the ability to finance their operations. .
SOURCE Liquid Meta Capital Holdings Ltd.