San Juan, Puerto Rico, Oct. 20, 2021 (GLOBE NEWSWIRE) — by way of NewMediaWire — BOTS, Inc. (OTC: BTZI), (“BOTS” or “The Firm”), a worldwide know-how firm specialised in Blockchain-based options together with decentralized finance functions, cybersecurity, crypto mining, mining tools restore, and warranties, introduced immediately that it filed a blockchain-based provisional patent software in the USA Patent Workplace (USPTO).
The patent software is directed to a novel methodology for distributing crypto dividends to the shareholders of publicly traded firms which might be designed to permit blockchain-based crypto-dividend distributions. The BTZI Staff expects that this newly developed system and methodology will open up the window to a brand-new strategy to reward shareholders. As well as, BTZI believes that this progressive methodology may revolutionize methods of distribution of earnings by a company to its shareholders. Dividends are a strategy to distribute earnings to shareholders as a method of thanking them for his or her help and inspiring further funding. Dividends additionally function an announcement of the Firm’s success.
The submitting of this provisional patent software straight pertains to BOTS Inc.’s targets of growing new blockchain-based applied sciences. If authorised, BTZI believes this patent may considerably disrupt the dividend distribution processes for companies.
With yesterday’s spectacular launch of $BITO as the primary SEC-approved Bitcoin futures ETF, the crypto house is starting to mature, which is able to open many doorways, together with the acceptance of cryptocurrencies as a type of dividends. It would not be laborious to think about crypto fanatic Elon Musk studying of our pending patent and being impressed to start paying his shareholders dividends in Bitcoin, for instance.
BOTS, Inc. intends to be the world’s first publicly owned and traded inventory to pay a dividend in cryptocurrencies. The race has now begun with BTZI because the main contender to satisfy this historic milestone, having invented the way in which ahead.
The current Month-to-month Idiot article, “What are blockchain or crypto dividends?” discusses this topic however concerning how cryptos themselves pay varied types of dividends, which may grow to be a secondary type of dividends as soon as shareholders start to personal cryptocurrencies and as quickly as they obtain their crypto dividend and maintain for added secondary dividends. For instance, if Bitcoin had been paid to shareholders of a pubco pre–Bitcoin Money, Bitcoin’s laborious work would have given people who held Bitcoin, Bitcoin Money, like a dividend of their wallets.
Blockchain usually describes blocks of digital info involving transactions which might be saved on a public ledger. For a brand new “block” to be added to the chain (thus including a brand new unit or transferring an current unit of forex), the data should first be verified. One of many first mechanisms for creating new blocks of knowledge within the cryptosphere was “proof of labor,” and utilizing it’s generally known as “mining.” Proof of labor is a cryptographic puzzle that must be solved for a brand new block to be created, thus awarding the solver with a brand new unit of digital forex within the case of Bitcoin, for instance. Bitcoin, Litecoin, and Bitcoin Money all use the proof-of-work system. Traditionally, mining new blocks has been a profitable strategy to generate profits within the crypto universe.
Nevertheless, some cryptocurrencies now pay a “reward,” typically referred to as a cryptocurrency dividend — typically passively for merely holding the digital forex in a digital pockets and typically for taking a particular motion. These rewards aren’t like inventory dividends, that are paid from the surplus money an organization generates. Payouts typically can range, typically being calculated each day or month-to-month, and are typically depending on the buying and selling quantity on a cryptocurrency trade — which makes them a variable sort of passive revenue.
One other crypto reward comes from “staking” or tokens. Staking tokens is a substitute for mining new blocks of a cryptocurrency. Homeowners of cryptos can “stake” their cash (principally, lock them up of their digital pockets) for an opportunity to be randomly chosen strategy to create new blocks within the blockchain. The reward is mostly primarily based on a lot of components just like the variety of cash owned, how lengthy they have been staked in a digital pockets and the full worth of the cryptocurrency in query. Widespread staking cryptocurrencies embrace NEO and Komodo, and Ethereum additionally lately migrated from a mining system to “proof of stake.”
One vital level to keep in mind is that rewards paid on cryptocurrencies (in addition to digital forex obtained by mining) are, on common, extra variable than dividends on firm inventory (however typically pay a better yield).
We consider that Cryptocurrencies are right here to remain. Coin Market Cap, a well-liked info web site on all issues crypto, lists near 10,000 of them. We additionally consider that firms will quickly start distributing crypto-dividends to their shareholders.
BOTS. Inc. seeks to acquire patent safety for its blockchain and different industrial applied sciences, in addition to registering different mental property rights for its know-how belongings in the USA and internationally. BOTS, Inc. goals to guard the know-how, innovations, and enhancements which might be commercially vital to the event of its enterprise utilizing the best and environment friendly mental property devices, together with patents, logos, and commerce secrets and techniques.
To this point, BTZI has a portfolio of a number of patents with the USPTO. These patents embrace No. 9,135,787 – “Bitcoin Kiosk / ATM Gadget and System Integrating Enrollment Protocol and Methodology of Utilizing the Similar.” Referred to as the “Bitcoin ATM Patent,” this patent is expounded to the acquisition and sale of cryptocurrencies using a Bitcoin ATM or kiosk that enables clients to buy Bitcoin or different cryptocurrencies through the use of money, debit, or bank cards. Lots of the components of that mental property (I.P.) will probably be “standard-essential claims,” that are crucial for the Bitcoin ATM networks to function. Additionally lately added is an unique license of the mental property for its Bitcoin ATM I.P. portfolio. The I.P. portfolio now consists of licensing settlement for patent US 10,332,205 B1 (Bitcoin kiosk/ATM machine and system and methodology of utilizing the identical).
About BOTS, Inc.
BOTS, Inc. is a worldwide know-how firm specialised in Blockchain-based options, together with decentralized finance functions, cybersecurity options, and owns a portfolio of digital belongings and crypto-related companies comparable to BeadSwap, a decentralized crypto trade, Bitcoin ATM machines and corresponding U.S. patents and Cyber Safety Group LLC, an ISO/IEC 27001:2013 Info Safety Administration System licensed firm. The Firm additionally offers crypto mining consulting, optimization, and crypto mining tools restore and insurance coverage.
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Sure statements contained on this press launch could represent “forward-looking statements.” Ahead-looking statements present present expectations of future occasions primarily based on sure assumptions and embrace any assertion that doesn’t straight relate to any historic or present reality. Precise outcomes could differ materially from these indicated by such forward-looking statements because of varied vital components as could also be disclosed within the Firm’s filings. Along with these components, precise future efficiency, outcomes, and outcomes could differ materially due to extra normal components, together with (with out limitation) normal business and market situations and development charges, financial situations, and governmental and public coverage adjustments. The forward-looking statements included on this press launch symbolize the Firm’s views as of the date of this press launch, and these views may change. Nevertheless, whereas the Firm could elect to replace these forward-looking statements sooner or later sooner or later, the Firm particularly disclaims any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing the Firm’s views as of any date subsequent to the date of the press launch. Such forward-looking statements are dangers which might be detailed within the Firm’s web site and filings.