KRONOS ADVANCED TECHNOLOGIES INC ACQUIRES 600,000,000 DOGECOIN CASH
Los Angeles, CA, April 12, 2021 (GLOBE NEWSWIRE) -- KRONOS ADVANCED TECHNOLOGIES, INC. (OTC MARKETS: KNOS) ("KNOS" or the "Company"), a product development and production company that has significantly changed the way indoor air is moved, filtered and sterilized today announced that last month it completed an exchange with the Dogecoin Cash Foundation of its entire holdings in First Bitcoin (Crypto: BIT) for 600,000,000 Dogecoin Cash (Crypto: DOG).
This enables KNOS to participate in its recently formed DogeSPAC at a greater rate than the 20% already earned as the SPAC's sponsor.
"With the growing excitement around Dogecoin Cash, Kronos aggressively accepting Dogecoin as payment, and our popular limited edition air purifier rebranded as AirDOGE, we felt that swapping into Dogecoin Cash was a natural fit," stated company President, Michael Rubinov.
Customers can purchase the company’s revolutionary clean air products using U.S. Dollars, Dogecoin, and other cryptos by visiting the Kronos shopping portal: https://www.1800safeair.com
About Dogecoin Cash
Dogecoin Cash was created as a non-inflationary complement to the original Dogecoin, utilizing several important advancements in crypto since the introduction of DOGE in 2013, including:
Proof of Content
Instead of the carbon-emitting Proof of Work mining used by coins like Bitcoin and Dogecoin, Dogecoin Cash uses the innovative new Proof of Content mechanism to distribute DOG to the community. Under the Proof of Content system, content creators can earn Dogecoin Cash by sharing links on the social platform Tipestry, where members vote to determine how much crypto each post and comment receives. Rather than encouraging energy consumption, this new system rewards people for creating and sharing content.
Proof of Work mining currently uses as much power as some entire countries including Greece and Argentina. According to a recent report published by Bank of America, "We believe ESG-minded [environmental, social, and governance] investors have to pay attention to the enormous environmental costs of Bitcoin."
Designed to operate within the decentralized finance ecosystem, Dogecoin Cash exists on both the Ethereum blockchain as an ERC-20 token, and on Binance Smart Chain in the BEP-20 format. It is currently tradeable on decentralized exchanges including Uniswap on Ethereum and PancakeSwap on Binance Smart Chain. Holders can also stake their Dogecoin Cash via smart contract at stake.dog, store their tokens in a wide selection of Ethereum and Biance Smart Chain wallets, and exchange them for other assets such as non-fungible tokens (NFTs).