IRVINE, CA, December 15, 2021 (GLOBE NEWSWIRE) – UA Multimedia, Inc. (OTC Pink: UAMM), a holding company and solutions provider in the fields of blockchain, cryptocurrency, decentralized finance (DeFi), NFT and Metaverse, announces the launch of the decentralized beta exchange (DEX), GogiSwap.
GogiSwap (https://gogiswap.com) is a decentralized cryptocurrency exchange without authorization. It connects to most of the major exchanges and many smaller exchanges around the world to provide users with the liquidity needed to trade efficiently and allows them to trade between 280 cryptocurrencies from over 20 different blockchains.
Unlike centralized exchanges such as Coinbase, Binance, or Kraken, GogiSwap is a non-custodial exchange and does not require users to provide personal information to open accounts. All transactions are carried out through users’ digital wallets, giving them full control over their funds.
In addition to the beta version of the web platform, the Company is striving to complete the development and testing of Android and iOS mobile applications. Applications should be launched before the end of the month.
GogiSwap is the initial component of an ecosystem. The company is working on launching a utility token as the next component. In addition to commerce, the ecosystem will allow users to earn tokens through contests, community participation, and staking in the near future.
GogiSwap is a joint development effort between the Company and its strategic partner, SmartBitX LLC, a Georgian financial technology and digital assets company.
The global cryptocurrency market is a $ 2 trillion and growing market. One of the major DEXs, Uniswap, reported a daily transaction volume of nearly $ 2 billion and a cumulative transaction volume of over $ 500 billion.
“We are delighted to expand our presence in the cryptocurrency space with the launch of GogiSwap,” said Michael Lajtay, interim CEO of UA Multimedia. “We have several additional products waiting to launch this month and early 2022. We also plan to launch our Metaverse project in Q1 and will provide more details as things come to fruition. “
About UA Multimedia, Inc.
UA Multimedia, Inc. is a holding company and solutions provider focused on blockchain, cryptocurrency, decentralized finance (DeFi), NFT, and metaverse. It is also a holding company seeking to acquire national and foreign entities located in the same space.
This press release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and Section 21e of the Securities and Exchange Act of 1934, as amended. These statements include the intention, belief or current expectations of the Company and its management team. Some or all of the events or results anticipated by these forward-looking statements may not occur. Potential investors are cautioned that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements due to various factors. The implementation of the strategy described here is significantly dependent on many factors, many of which are not under management’s control. UA Multimedia, Inc. assumes no obligation and does not intend to update the results of these forward-looking statements.
UA Multimedia, Inc.