TORONTO, CANADA, March 20 2023 - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (the "Company" or "WonderFi") is excited to announce the upcoming launch of a groundbreaking Ethereum rewards program for Bitbuy Technologies Inc. ("Bitbuy") users. Called "Bitbuy Boosts", the program, which is expected to go live on April 1, 2023, will be the first of its kind in Canada for a registered crypto trading platform.
Under this innovative rewards program, users will be able to earn up to 5% in rewards yearly in Ethereum (ETH) by maintaining a minimum monthly cash balance in their account while remaining an active user on the Bitbuy crypto trading platform.
"We are thrilled to be launching this rewards program for Bitbuy users," said Dean Skurka, Interim CEO of WonderFi. "This program advances our efforts to educate users on our products and blockchain technology and digital assets in general."
Bitbuy, a subsidiary of WonderFi, is a leading cryptocurrency exchange that offers its users trading and staking for a wide range of digital assets, including Bitcoin, Ethereum and more. With this new rewards program, Bitbuy intends to drive greater engagement with its products and build a stronger community.
As Skurka explains, "We see this rewards program as just the beginning of what we hope to be a more engaging experience for Bitbuy users, while giving our users access to high quality financial products."
The launch of this Ethereum rewards program comes on the heels of Bitbuy's successful launch of cryptocurrency staking in late 2022 which has seen a 30%+ adoption rate among active monthly users.
To learn more about the upcoming Bitbuy Boosts program visit bitbuy.ca/boosts.
WonderFi Technologies Inc.
President and Interim CEO, WonderFi
Binu Koshy, Communications Director
WonderFi is a leading technology company with the mission of creating better, unified access to digital assets through centralized and decentralized platforms. WonderFi's executive team and Board of Directors have an established track record in finance and crypto. WonderFi's core team of engineers and technologists believe that everyone should have equal access to finance, and are aligned in the mission to empower people around the world to access finance in a simple, smart and secure way. For more information, visit www.wonder.fi.
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such "could", "intend", "expect", "believe", "will", "projected", "estimated", or variations of such words.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the ability of the Company to earn and pay rewards, the ability of the Company to meet its expected go-live timing for the rewards program, any additional regulatory or other approvals which may in the future further become required in connection therewith, the ability of the Company to work effectively with its partners and changes in general economic, business and political conditions. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein. A more fulsome description of risk factors that may impact our business, financial condition and results of operation is set out in our management's discussion and analysis and financial statements for the for the period ended September 30, 2022, as well as our annual information form, available on SEDAR.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
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