Web Global Holdings Discusses CryptoCake By The Numbers
CEO Steve Slome stated, “We have had requests to share more information by the numbers. We hope that what we’ve provided below will prove to be helpful.”
Number of Cryptocurrencies: Over 1600
Number of Cryptocurrency Exchanges: Over 500
Avg. Market Cap of current Cryptocurrencies: Approximately $220M
Value of the Top 20 Cryptocurrencies: Approximately 89% of the total market.
Number of Coin Wallets In Use: Over 20M
Cryptocurrency Market Cap: Approximately $202B
Expected to hit 1Trillion Dollar Market Cap: 2018-2020
COMPANY TARGETS (as reflected in company filing dated 7/30/2018)
Number of Cryptocurrency, fintech and traditional advertisers within the first 12 mos: 50
Annual revenue per advertiser: $600K; Company revenue equivalent: $30M
Premier Sponsor Package Advertisers: 5; Company revenue equivalent: $5M
Other revenue streams: $6.8M
Total expected revenue equivalent: $40.8M
Links to SEC fIling:
COO Lee Zuckerman added, “Our research into this sector indicates that trading volumes are increasing and transferring to decentralized exchanges. Institutional investor growth is rising with the proposals of ETFs becoming viable investment vehicles. As the industry ages valuation models will solidify this new technology. Because of systemic hacking in the financial world, firms and institutions are increasingly adopting security tokens making the blockchain technology and cryptocoin industry vital for secure transactions. Finally, decentralized applications are growing in use creating a legit market growth with early adopters. This sector is primed to take off and won’t rely on any one coin’s up or down value. CryptoCake will document these stories and help foster goodwill between cryptocurrencies and associated tech making our company a valuable asset in this industry.”
Mr. Slome finished up with, “We are looking to scoop up tens of millions of redirected ad dollars from the Google and Facebook ad bans. The popular crypto exchange Coinbase has more users than Charles Schwab which is a testament to the public’s insatiable interest in crypto. In addition to marketing and ad partnerships with cryptocurrency companies, we are also pursuing ad partnerships with exchanges, wallets, mining operators and don’t forget that our channel will eventually be an attractive venue for traditional advertisers of all types as well. We want to thank you for your interest in our company and we hope that these stats have proven helpful to you.”
About Web Global Holdings, Inc: Web Global Holdings is the parent company of Allocation Media Entertainment, a company that generates its revenue through the creation of original and unique television programming. The content is growing in popularity through syndication around the world via numerous broadcast, cable, sports and digital networks.
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
Source: Web Global Holdings, Inc.
Source: Web Global Holdings, Inc.
This article appears in: News Headlines
Referenced Stocks: WEBB