{"id":411873,"date":"2021-01-11T08:03:23","date_gmt":"2021-01-11T13:03:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411873"},"modified":"2021-01-11T08:03:23","modified_gmt":"2021-01-11T13:03:23","slug":"bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector\/","title":{"rendered":"BOTS INC INCREASES INITIATIVES IN THE EMERGING DECENTRALIZED FINANCE (DEFI) SECTOR"},"content":{"rendered":"<h2>\nANNOUNCING NEW UPDATES TO FIRST BITCOIN (COIN:BIT) AS A DEFI TOKEN; ADDS TO ETHEREUM BLOCKCHAIN, UNISWAP WITH SAKING<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>SAN JUAN, PUERTO RICO, Jan.  11, 2021  (GLOBE NEWSWIRE) &#8212; BOTS, Inc. (OTC: BTZI), an emerging innovator of products, technologies, and services for the rapidly growing digital robotic automation, blockchain and manufacturing industry announced today that it has decided not to finalize repurposing FIRST BITCOIN (COIN:BIT), into the name to \u201cBasic Income Token\u201d while retaining \u201cBIT\u201d as the digital currency\u2019s symbol. We are awaiting CoinMarketCap and Coingecko\u2019s recognition of the new markets based on adding Ethereum as an alternative way to own BIT. While First Bitcoin was the first to develop a coin utilizing the symbol BIT, others have sprung up using this same symbol, therefore readers of this news should be careful to avoid any confusion by matching the name \u201cFirst Bitcoin\u201d with the symbol. <\/p>\n<p>First Bitcoin was designed by First Bitcoin Capital Corp (OTC:BITCF) to provide individuals and communities access to a cryptocurrency that enables a savings program, micro-payments, and to earn interest or stake their BIT holdings utilizing the DeFi (Decentralized Finance) protocols. Initially, we only provided a limited amount of staking via Proof of Stake (POS) mining to enhance mining merely by keeping holders\u2019 bit wallets opened to earn more coins. We have now upgraded staking by adding an Ethereum Dapp that allows holders of BIT to deposit their coins via website to earn greater interest utilizing the Ethereum blockchain increasing earnings up to .18% per day without the need to mine. This new approach will not stop holders from POS mining in the original blockchain. Owners of BIT on the First Bitcoin Blockchain now have greater access to BIT through the Ethereum based Uniswap decentralized apparatus and are invited to contact us for instructions to convert their original BIT into the Ethereum based BIT. BOTS, Inc now owns the majority of all mined BIT on both blockchains. The new BIT Ethereum tokens were generated only for the purpose of swapping out of the original BIT and not to add to the total supply and can be swapped back to the original coins as well.<\/p>\n<p>International Bankers magazine described DeFi as \u201cdecentralized finance\u2014that is, the application of financial services using decentralized technology such as blockchain. DeFi projects aim to provide financial services that do not require centralized entities or financial intermediaries or middlemen to operate. Uniswap is a decentralized exchange ideal to perform these functions, including skaking utilizing a \u201cMetaMask.\u201d Adding of liquidity and trading BIT on UNISWAP can be witnessed here: https:\/\/info.uniswap.org\/token\/0x8646386d3023be134ca318b6b6659509c21108d3<\/p>\n<p>\u201cAt present, \u2018trust\u2019 within the global financial system is largely represented by systemically important financial institutions and regulatory bodies. Have they been successful in instilling sufficient trust? That\u2019s debatable at best. Errors, delays and security vulnerabilities have certainly not been infrequent. Nor have these entities been shy when it has come to taking their own pieces of the pie in exchange for providing this purported layer of trust. And what\u2019s more, there have been depressingly few signs over the years and decades of their willingness to be more innovative, cost-effective or efficient.<\/p>\n<p>\u201cIt is with such limitations in mind that the DeFi revolution has gathered steam. DeFi is about creating a network of financial services that seamlessly function without the need for intermediaries that could hold an unfair and inefficient controlling stake in the operation of the system. \u2018The simplest way to describe DeFi is as an open financial network,\u2019 Peter Johnson, ex-Morgan Stanley banker and now a partner at fintech (financial technology) venture-capital firm Jump Capital, recently told Fortune magazine. \u2018If you want to send, lend or borrow money, you don\u2019t need to join a private network like PayPal or Fedwire or a bank.\u2019\u201d<\/p>\n<p>BIT\u2019s purpose is to provide long-term daily income, a communication network already built into the system, access for better education and healthcare services, and a range of other social benefits to the global community.<\/p>\n<p>About BOTS, Inc.<\/p>\n<p>Headquartered in San Juan, Puerto Rico, BOTS, Inc., a publicly traded OTC Markets innovator trading under the symbol (BTZI) \u2013 is a diversified company developing and servicing blockchain and robotics solutions for its clientele. The Company is committed to driving the innovations needed to shape the future of digital robotic automation management through digital technology and decentralized blockchain solutions. Management is dedicated to the strong growth of Distributed Asset Technology and Robotic Process Automation (RPA).<\/p>\n<p>Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our SEC filings, press releases, public conference calls, and webcasts. We also use social media to communicate with our subscribers and the public about our Company, our services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in our Company to review the information we post on the U.S. social media channels listed below. This list may be updated from time to time.<\/p>\n<p>Track BTZI news on Facebook @ https:\/\/www.facebook.com\/Bots.Bz\/<\/p>\n<p>Follow BTZI news on Twitter @Bots_bz http:\/\/www.Twitter.com\/Bots_bz<\/p>\n<p>Find BTZI news at http:\/\/www.bots.bz<\/p>\n<p>Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com.<\/p>\n<p>Forward-Looking Statements<\/p>\n<p>Certain statements contained in this press release may constitute \u201cforward-looking statements.\u201d Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company\u2019s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company\u2019s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company\u2019s views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company\u2019s website and filings.<\/p>\n<p>Contact:<\/p>\n<p>Paul Rosenberg, CEO<\/p>\n<p>paul@bots.bz<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMzU5MyMzOTEyODM0IzIwMTk1MzA=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/6a53ddbd-f9de-45a7-a01d-3fd209ee4248\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ANNOUNCING NEW UPDATES TO FIRST BITCOIN (COIN:BIT) AS A DEFI TOKEN; ADDS TO ETHEREUM BLOCKCHAIN, UNISWAP WITH SAKING SAN JUAN, PUERTO RICO, Jan. 11, 2021 (GLOBE NEWSWIRE) &#8212; BOTS, Inc. (OTC: BTZI), an emerging innovator of products, technologies, and services for the rapidly growing digital robotic automation, blockchain and manufacturing industry announced today that it has decided not to finalize repurposing FIRST BITCOIN (COIN:BIT), into the name to \u201cBasic Income Token\u201d while retaining \u201cBIT\u201d as the digital currency\u2019s symbol. We are awaiting CoinMarketCap and Coingecko\u2019s recognition of the new markets based on adding Ethereum as an alternative way to own BIT. While First Bitcoin was the first to develop a coin utilizing the symbol BIT, others have sprung up using &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BOTS INC INCREASES INITIATIVES IN THE EMERGING DECENTRALIZED FINANCE (DEFI) SECTOR&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-411873","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BOTS INC INCREASES INITIATIVES IN THE EMERGING DECENTRALIZED FINANCE (DEFI) SECTOR - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BOTS INC INCREASES INITIATIVES IN THE EMERGING DECENTRALIZED FINANCE (DEFI) SECTOR - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ANNOUNCING NEW UPDATES TO FIRST BITCOIN (COIN:BIT) AS A DEFI TOKEN; ADDS TO ETHEREUM BLOCKCHAIN, UNISWAP WITH SAKING SAN JUAN, PUERTO RICO, Jan. 11, 2021 (GLOBE NEWSWIRE) &#8212; BOTS, Inc. (OTC: BTZI), an emerging innovator of products, technologies, and services for the rapidly growing digital robotic automation, blockchain and manufacturing industry announced today that it has decided not to finalize repurposing FIRST BITCOIN (COIN:BIT), into the name to \u201cBasic Income Token\u201d while retaining \u201cBIT\u201d as the digital currency\u2019s symbol. We are awaiting CoinMarketCap and Coingecko\u2019s recognition of the new markets based on adding Ethereum as an alternative way to own BIT. While First Bitcoin was the first to develop a coin utilizing the symbol BIT, others have sprung up using &hellip; Continue reading &quot;BOTS INC INCREASES INITIATIVES IN THE EMERGING DECENTRALIZED FINANCE (DEFI) SECTOR&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-11T13:03:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMzU5MyMzOTEyODM0IzIwMTk1MzA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BOTS INC INCREASES INITIATIVES IN THE EMERGING DECENTRALIZED FINANCE (DEFI) SECTOR\",\"datePublished\":\"2021-01-11T13:03:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector\\\/\"},\"wordCount\":1133,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyMzU5MyMzOTEyODM0IzIwMTk1MzA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector\\\/\",\"name\":\"BOTS INC INCREASES INITIATIVES IN THE EMERGING DECENTRALIZED FINANCE (DEFI) SECTOR - 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(OTC: BTZI), an emerging innovator of products, technologies, and services for the rapidly growing digital robotic automation, blockchain and manufacturing industry announced today that it has decided not to finalize repurposing FIRST BITCOIN (COIN:BIT), into the name to \u201cBasic Income Token\u201d while retaining \u201cBIT\u201d as the digital currency\u2019s symbol. We are awaiting CoinMarketCap and Coingecko\u2019s recognition of the new markets based on adding Ethereum as an alternative way to own BIT. While First Bitcoin was the first to develop a coin utilizing the symbol BIT, others have sprung up using &hellip; Continue reading \"BOTS INC INCREASES INITIATIVES IN THE EMERGING DECENTRALIZED FINANCE (DEFI) SECTOR\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-11T13:03:23+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMzU5MyMzOTEyODM0IzIwMTk1MzA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"BOTS INC INCREASES INITIATIVES IN THE EMERGING DECENTRALIZED FINANCE (DEFI) SECTOR","datePublished":"2021-01-11T13:03:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector\/"},"wordCount":1133,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMzU5MyMzOTEyODM0IzIwMTk1MzA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-increases-initiatives-in-the-emerging-decentralized-finance-defi-sector\/","name":"BOTS INC INCREASES INITIATIVES IN THE EMERGING DECENTRALIZED FINANCE (DEFI) SECTOR - 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