BOTS Inc. Acquiring 50% Stake in Decentralized Exchange, Beadswap Other OTC:BTZI

SAN JUAN, April 19, 2021 (GLOBE NEWSWIRE) — BOTS, Inc. (OTC: BTZI), a vertical integrator and an rising innovator of merchandise, applied sciences, and providers for the quickly rising digital robotics automation, cybersecurity, and manufacturing business, introduced in the present day that it entered into an settlement to accumulate 50% possession of Beadswap (in beta) from Equity Art Corp.

The buy consists of 50% possession in a associated 8.1 trillion beadswap cash (CRYPTO: BEAD) generated on the Ethereum blockchain and listed on Beadswap as seen right here: https://data.beadswap.me/#/dwelling

“We have been interested in the rigorously designed Beadswap understanding that comparable decentralized exchanges equivalent to Uniswap take pleasure in a market cap of greater than 10 billion USD with smaller upstart opponents to Uniswap shortly reaching greater than 1 billion in market cap after launching in addition to the magnitude of the vendor’s belongings and operational magnitude,” said Bots’ Chairman, Simon Rubin.

A latest article printed by Forbes.com entitled Coinbase, Kraken, Gemini, And Other Crypto Exchanges Must Embrace Defi To Capture Growth –described the next: “ Coinbase’s direct itemizing on Nasdaq is a watershed second for the crypto business. It would be the first public crypto firm with pure and reliable money flows which can be on par with among the largest and most established exchanges in the world. Coinbase generated 2020 income of $1.3 billion, in comparison with CBOE’s $1.2 billion, Nasdaq’s $2.9 billion, and CME’s $4.9 billion. Despite launching a myriad of merchandise equivalent to Commerce (SPSC ), Earn, Custody, staking, and others, buying and selling charges make up the lion’s share of Coinbase’s $3.4 billion LTD income, at roughly 96%. DEXs are a sort of crypto alternate inside the decentralized finance (“Defi”) ecosystem that enables for direct peer-to-peer transactions to happen with out intermediaries. By using decentralized sensible contracts encoded on public blockchains, customers all the time retain their non-public keys, which removes counterparty threat inherent to centralized exchanges. Defi provides a fast-growing ecosystem of steady innovation as distributed challenge groups work together with open-source protocols and create novel use circumstances beforehand unimaginable. In order to be aggressive and retain market share, centralized exchanges should kind mutually useful symbiotic relationships with Defi platforms and merchandise.

“DEXs” equivalent to Uniswap, Sushiswap, 0x, Curve, Serum, Balancer, and others mixed month-to-month quantity surpassed $61 billion in January of this yr. Six months prior, in July 2020, the mixed DEX month-to-month quantity was simply $4.9 billion, an astounding enhance of over 1,100%. Although the mixed quantity of centralized exchanges in January was significantly larger at $906 billion, DEX quantity is catching up with a present quantity ratio of seven%, up from 4.6% in July of final yr.

“Coinbase, Kraken, Gemini, and different exchanges are thriving, however what is going to occur if decentralized exchanges (“DEXs”) proceed their spectacular progress, basically threatening to disrupt their centralized counterparts?”

In unrelated information, Bots expects to file its 10K later in the present day and plans to supply an extra replace when it experiences its full third-quarter outcomes later this month.

About Equity Art Corporation

Equity Art Corp., based in 2004, is a large-scale enterprise specializing in asset assortment, artwork commerce, product growth, and tourism. Headquartered in Xi’an, China, the Company’s enterprise philosophy is impressed by the historical past and tradition of the traditional Silk Road.

Equity Art’s flagship property is the Silk Route Museum, one of many largest privately-owned museums in China. It encompasses a building space of over 10,000 sq. meters and incorporates a global assortment of over 35,000 works of wonderful artwork, historic artifacts, fossils, and jade masterpieces. The Company’s different initiatives embrace one of many world’s largest subterranean artwork galleries, the Dunhuang Natural History museum, a 700-acre Silk Road tourism and expo middle, an artwork public sale enterprise, and the web journey platform Silkroad.host.

Recognizing the distinctive alternative introduced by blockchain to supply extra dependable provenance monitoring for artwork and antiques, the Company in 2018 created Equity Art Online; a digital division centered on using distributed ledger expertise, 3D scanning, and non-fungible tokens (NFT) to advance the artwork and museum industries. Beadswap, a decentralized asset alternate, is among the core parts of this initiative.

About Beadswap

Beadswap.me is a decentralized alternate constructed on the Ethereum community. Users can swap, create markets, add liquidity, and stake Ethereum-based tokens with out using an middleman. Unlike conventional, centralized market-making, Beadswap makes use of an automatic market maker (AMM) protocol to facilitate decentralized buying and selling in order that costs are decided algorithmically as a substitute of by way of an order e-book. Shang He, Vice President of Equity Art Online, commented, “The whole worth locked in Defi platforms grew from round $1 billion a yr in the past to over $60 billion at present. We are excited to convey this groundbreaking new expertise to assist revolutionize the artwork and tourism sectors.”

About BOTS, Inc.

Headquartered in San Juan, Puerto Rico, BOTS, Inc. – publicly traded on the OTC Markets below the image (BTZI) is a diversified firm growing and servicing blockchain, cybersecurity, and robotics options for its clientele. The Company is dedicated to driving the improvements wanted to form the way forward for digital robotic automation administration by way of digital expertise and decentralized blockchain options. Management is devoted to the sturdy progress of Distributed Asset Technology and Robotic Process Automation (RPA).

Shareholders, potential buyers, and others ought to word that we announce materials occasions and materials monetary data to our shareholders and the general public utilizing our web site and the social media addresses listed under, in addition to in our SEC filings, press releases, public convention calls, and webcasts. We additionally use social media to speak with our subscribers and the general public about our Company, providers, and different points. It is feasible that the data we submit on social media could possibly be deemed to be materials data. Therefore, we encourage shareholders, the media, and others in our Company to evaluation the data we submit on the U.S. social media channels listed under. This listing could also be up to date once in a while.

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Forward-Looking Statements

Certain statements contained in this press launch might represent “forward-looking statements.” Forward-looking statements present present expectations of future occasions based mostly on sure assumptions and embrace any assertion that doesn’t immediately relate to any historic or present reality. Actual outcomes might differ materially from these indicated by such forward-looking statements on account of numerous essential components as could also be disclosed in the Company’s filings. In addition to those components, precise future efficiency, outcomes, and outcomes might differ materially due to extra common components, together with (with out limitation) common business and market circumstances and progress charges, financial circumstances, and governmental and public coverage modifications. The forward-looking statements included in this press launch characterize the Company’s views as of the date of this press launch, and these views may change. However, whereas the Company might elect to replace these forward-looking statements in some unspecified time in the future in the longer term, the Company particularly disclaims any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing the Company’s views as of any date subsequent to the date of the press launch. Such forward-looking statements are dangers which can be detailed in the Company’s web site and filings.

Contact:

Paul Rosenberg

CEO

[email protected]

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