Roman Metaverse Group Paid HK$439,000 For 2.86 Million XDAG Cryptocurrency Units

Currently, Roman Metaverse Group of Hong Kong has announced the purchase of 2.86 million units of cryptocurrency XDAG for HK$439,000.

Roma Metaverse Group (08072), a Hong Kong-listed company, announced that it has purchased 2.86 million units of encrypted currency XDAG on the open market (coinex exchange) for a total consideration of approximately 439,000 Hong Kong dollars, funded by the Group’s internal resources.

XDAG is an open source cryptocurrency and the next generation of public chain technology based on Directed Acyclic Graph (DAG). XDAG has a total supply of approximately 1,446,294,144 million. XDAG’s future development plans include compatibility with Ethereum smart contracts and the implementation of cross-chain protocols to allow communication with other public chains.

The board of directors believes that cryptocurrencies have room for growth and the potential to serve as an effective hedge against the depreciation pressure on fiat currencies caused by central banks around the world actively increasing the money supply. 

A strategy for diversifying asset allocation. More importantly, the board of directors of Roman Metaverse Group believes that this move demonstrates the group’s ambition and determination to keep up with the ever-changing world, and to apply blockchain technology to the group’s business in the manner that it is expected to be applied to business, education, and retail.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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