Graph Blockchain (TSXV: GBLC) has further outlined its altcoin cryptocurrency purchase and staking strategy. The strategy was released by the company this morning within a brief news release.
The strategy is to be performed through the firms Babbage Mining subsidiary, with two altcoins having been selected by the firm to execute on its strategy. The first two coins to be focused on will be that of Cardano (ADA) and Polkadot (DOT).
The company intends to acquire these coins over the following weeks for the purpose of staking. The two coins are believed by Graph to have top tier development teams, funding, support, and show strong potential for user adoption. Further updates for deployment and educational materials are to be released over the coming weeks.
Graph Blockchain last traded at $0.26 on the CSE.
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