LAS VEGAS, Aug. 27, 2024 (GLOBE NEWSWIRE) — BLAQclouds, Inc. (OTC: BCDS) is pleased to announce that the company will launch its first liquidity pool partnership on BLAQlp.io this week with the introduction of the BLAQ token on both the Ethereum and ZEUS blockchains. The exact date and time for the launch will be announced 24 hours in advance, based on market conditions and other factors.

As previously announced, the smart contract powering BLAQlp.io allows funders to directly contribute to non-custodial liquidity pools via a user-friendly interface. Funders can use any EVM-compatible token, with decentralized payments technology DiVinciPay acting as a cross-chain payment channel. Once the liquidity pool is fully funded, it is minted and the project is formally launched. During testing, the Automatic Market Maker (AMM) formula used by BLAQlp.io has shown an average increase of 20x per 10-day cycle. Additionally, the platform automatically rewards the liquidity pool funding partner with 2x the token amount if and when the liquidity pool reaches 10x. These features are built into the smart contracts for the project, creating a decentralized automated trustless transaction on the immutable blockchain.