VANCOUVER, BC / ACCESSWIRE / March 29, 2021 / Roadman Investments Corp. (TSXV:LITT)(OTC PINK:RMANF) ("Roadman" or the "Company") licensee A3Com Solutions Corp. ("A3Com") is pleased to announce that it is entering into strategic partnerships with SATO, a next generation of Stablecoin.
iCashRewards is very happy to partner with SATO to apply SATO to the iCashRewards ecosystem that combines the utility token ("iCashToken") with the rewards of a loyalty point that rebates customers for use of iCashRewards eCommerce shopping platform and services. iCashToken is planning to merge with SATO. Each user from iCashRewards can redeem their iCash Loyalty points ( iCashPoints) with Sato. One iCashToken can be exchanged with 1 SATO. Each SATO is priced at $1.00, and the exchange will be effective from March 31 to April 15, 2021. Going forward, iCashPoints can continue to redeemed cash, USDT, BTC as well as SATO.USDT. SATO is planning to list on various exchanges on April 14, 2021.
Background
The crypto industry has seen the rise of various Stablecoins in the last few years. These Stablecoins have been built in different ways. USDC, HUSD, TrueUSD are backed by fiat USD DAI, Frax, OUSD are collateral based.
SATO is a Stablecoin that is neither fiat backed or collateral based. It is purely algorithmic and relies on market forces of supply and demand to maintain its price.
Current Status of Stablecoin Market:
Compared with many DeFi projects that attract users to speculate simply by relying on high mining returns, the future application scenarios of algorithmic stablecoins have more room for imagination. Currently, the entire algorithmic stablecoin market is still in a stage where its value is heavily underestimated, which is similar to the collateralized stablecoins such as MakerDao in early 2019. It is expected that the market will break out.
AMPL, Basis Cash, ESD, Frax
At present, the market value of DeFi is growing rapidly and there are countless projects. However, there are still no more than ten products that are available for use in the algorithmic stablecoin market. The well-known algorithmic stablecoins include AMPL, Basic Cash, ESD and Frax. Among them, only the prices of AMPL and Frax can be maintained around 1 USD. Although AMPL's algorithm has been modified several times by latecomers, it is still in the leading position of algorithmic stablecoins, which is similar to the position of PoW in the main chain. Therefore, the current single currency inflation & deflation model (rebase) of AMPL has been tested by the market.
What is SATO?
SATO is a next generation algorithmic stable coin. SATO relies on the invisible market forces of supply and demand to maintain its price stability. USD and collateral backed Stablecoins have various flaws and are not suited to the crypto ecosystem.
USD backed Stablecoins rely on the broken monetary infrastructure of central banks to provide stability. As a result, the Stablecoin's stability is derived from the backed currency itself. Similarly, collateral backed Stablecoins use other Stablecoins with USD backed collateral. Thus, the underlying system is still reliant on the flaws of USD backed Stablecoins.
SATO doesn't rely on any centralized fiat currency such as USD. It can maintain its price stability algorithmically via smart contracts.
"We are very excited to see the users from iCashRewards have the ability to redeem the first DeFi revolutionary stablecoin SATO ("SATO") and a Roadman subsidiary will mine the SATO through the SATO's liquidity pool once it is opened. We like the name "SATO" as it is an inspiration from Satoshi Nakamoto, a name used by the presumed pseudonymous person or persons who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin's original reference implementation," states Luke Montaine, CEO of Roadman Investments.
About iCashRewards
iCashRewards, ("iCash"), a next-generation social e-commerce video marketing and reward platform. iCashRewards is a leading provider of on-line and virtual reality shopping experiences, connecting merchants and consumers across the globe. iCashRewards is reinventing marketing using blockchain technology for loyalty rewards to disrupt traditional loyalty industries and continuously innovate in the digital marketing industry. iCashRewards is a web and mobile plug-in that gives online shoppers rewards in the form of cash back, SATO, BTC or USDT. There are over 150 brands through its portal www.iCashRewards.io. Sign up to iCashRewards.io today to receive 100 loyalty points and SATO.
About Roadman Licensee A3Com Solutions Corp.
A3Com Solutions Corp.("A3Com") is a Vancouver-based startup, Blockchain & AI-focused software development company focusing on e-commerce and mobile reward platforms, consumer loyalty, and digital marketing. A3Com's featured platform is iCashRewards, which connects merchants and consumers worldwide. Roadman has a first right of refusal to purchase 100% of A3Com after Roadman reaches 500,000 users on iCashRewards.io.
About Roadman Investments Corp.
Roadman Investments Corp. ("Roadman") is a Canadian Venture Capital, Investment and Advisory Firm that strives to actively drive innovation and accelerate growth for its shareholders. Roadman invests capital into private and public companies that offer excellent growth opportunities.
For more information on iCashRewards or A3Com, visit www.iCashRewards.io and follow iCashRewards on:
Twitter: https://twitter.com/iCashloyalty
Telegram: https://t.me/iCashRewards_EN
Medium: https://icashrewards.medium.com/
Linkedin: https://www.linkedin.com/company/icashrewards
Youtube: https://bit.ly/2zaJE39
Instagram: https://www.instagram.com/iCashRewards/
TikTok: https://vm.tiktok.com/ZMeJTt5Vs
Facebook: https://www.facebook.com/iCashrewards.io
Contacts
A3Com Contacts:
Fanny Travis
Tel: 604.689.0618
Email: support@icashrewards.io
Roadman Contacts
Luke Montaine
Tel: luke@roadmancorp.com
Cautionary and Forward-Looking Statements
This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, completing a transaction with A3Com, other statements relating to the financial and business prospects of the Company, and other matters.
Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks.
Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, increase in costs, litigation, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Roadman Investments Corp.
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https://www.accesswire.com/637997/Roadman-Announces-Its-First-Stablecoin-SATO-SATO-that-Adopts-the-AMPL-Algorithm-Liquidity-Pool-Launching-with-iCashRewards
