TORONTO, ON, Oct 20, 2021 - (ACN Newswire) - DIGIMAX GLOBAL INC. (the "Company" or "DigiMax") (CSE: DIGI) is pleased to provide an update on several of the new initiatives it has engaged in the past several months, and an outlook on what lies ahead. DigiMax has embarked on several seemingly disparate projects that are now converging into a strong performing set of Artificial Intelligence assets, and a growing network of key partnerships that are starting to accelerate the growth of these assets.
After its first three stellar months of performance commencing with the launch June 1, 2021 in which gains of more than 50% were demonstrated for BTC and more than half that for ETH, CryptoHawk did appear to have a few hiccups in September. These have been more than offset in October and the prediction tool is continuing to provide extraordinary return opportunities.
Added to this, the DigiMax team has developed a trading strategy that it has shared with its subscribers through webinars that it calls "Modulation." By waiting for a preset price flow after an indicator is published, CryptoHawk performance has been demonstrated to be nearly doubled in most months. Modulation also has the effect of cutting the number of trades by approximately 50%.
A recent combined management and external study of CryptoHawk's (and including its predecessor CryptoDivine, together herein referred to as "CryptoHawk") Artificial Intelligence for predicting trading performance using published trading signals suggests that since January 1, 2021, an investment of $100,000 would be worth more than $1 million as of October 15, 2021 trading in Bitcoin and more than $5,000,000 trading in ETH. According to the study, these results could be achieved by reinvesting all profits from each trade into the next trade, trading long and short, and using the Modulation method DigiMax has developed.
As subscribers are learning how simple, and less stressful, it is to use this Modulation method, CryptoHawk is becoming a very profitable tool even for the average investor. Potentially even more enticing than the returns, is the fact that the monthly variability in returns is actually very low. CryptoHawk is fully achieving its goal of harnessing the high volatility of cryptocurrencies, while delivery high, but stable, monthly returns to the investor.
CryptoHawk Growth Fund
This 2021 information is also useful for prospective investors into the CryptoHawk Growth Fund (the "Fund") based in the Cayman Islands, that recently started trading. Investment into that fund was seeded by a US$1 million deposit into the Fund by DigiMax. Additional investors have shown great interest in the back testing results but most are watching for actual results of the fund prior to making large investments. As a result, DigiMax is pleased that is attracting lots of attention from primarily institutional investors, knowing that the Assets Under Management will accelerate more in the second half of the first year of operation more than the first.
The back testing results, combined with the 1% modulation strategy is being studied and used in real time by a growing number of CryptoHawk subscribers with some already achieving significantly positive results.
Results at the Fund have been very strong after a late start in September caused by funds not flowing through the banks on time to commence trading on September 1. This resulted in getting in late on a great CryptoHawk bullish indicator and suffering opening losses as a result. Since then, the Fund has risen 30% above the low and is experiencing weekly gains similar to the Modulation gains described above.
Commodity Hawk Growth Fund
The Commodity Fund and the institutional targeted prediction service is on track to commence before the end of the year. DigiMax is using a combination of its own AI and proven AI developed by Delphi to produce a similar suite of products to CryptoHawk. Results of internal trading of these predictions has been equal to the Modulation returns for CryptoHawk and DigiMax is excited to share these products through the same investor network as is being developed for the
DigiMax believes the opportunity for the AI driven Commodities Fund is enormous as commodities are fast becoming the number-one sector for investors around the globe.
While not confirmed 100%, DigiMax has researched offering long-only funds similar to ETF's and expects to confirm this intention in the near future. This would allow investors to move funds between the DigiMax Fund family that would include US Cash, the Hawk Funds and the ETF Funds to provide whatever balance each investor is seeking. We believe this will accelerate the accumulation of capital invested at the front end of the life of the Funds.
Partnerships, Affiliates, and Marketing
DigiMax continues to expand its relationships with Crypto Exchanges with more official relationships expected to be announced on an ongoing basis. These would be similar in structure to the relationship announced with Bitget Exchange. The launch of collaborative activities was slowed by issues between countries but this has been worked out and the collaboration is expected to grow quickly going forward.
The efforts to expand awareness in Asia is seeing very positive results. There are now CryptoHawk websites available in both Korean and Chinese languages and the CryptoHawk app is available in Chinese as well. These efforts are supporting a growing number of followers in these countries with an increase in subscriptions expected to follow.
With Asian marketing efforts now operating quite smoothly, attention is being refocused on North America with additional social media platforms being added and numerous articles being present across a wide array of financial media. While not all affiliates are being announced in public, a growing number of smaller partners are beginning to access our affiliate program whereby they can join CryptoHawk to their own network and automatically share in some of the revenues generated from their referral efforts. Finally, at the request of multiple partners, we have added a 7-day free trial that does not require a credit card to be filed in advance of the 7-day free trial that does require credit card registration. This has resulted in a substantial increase in daily new trials and we expect an acceleration of new subscribers.
The effort to bring these products to market all since late February of this year has been extraordinary and DigiMax is very proud of the hard work its team of very talented people have put forth to get to this stage. As a result, we now have a much more seamless operation consisting of a base Artificial Intelligence core, and a growing marketing team that is reaching out to a common group of investors. This organic effort is resulting in a growing awareness in the investor community around the world and an accelerating adoption of these products. As this happens, we expect to add key personnel assets where required to both assist in, and accelerate this growth.
Going forward we expect to add additional "channels" to market by through new partnerships with exchanges, and by reaching out to different large groups around the world that have different associations with cryptocurrencies. Finally, momentum continues to build with the other assets owned by DigiMax including the personnel products offered to larger organizations and the investment in Kirobo. Both of these will be discussed in more detail in separate releases during Q4 of this calendar year.
DigiMax is an Artificial Intelligence technology company committed to unlocking the potential of disruptive technologies by providing advanced financial, predictive, and cryptocurrency solutions across various verticals. DigiMax is an official IBM Watson partner, and the Company's engineering team has extensive experience in Machine Learning, Neural Language Processing, AI, Big Data and Cryptocurrency technology. To learn more, visit our website: https://digimaxglobal.com/
David Bhumgara Chris Carl
Chief Financial Officer President & CEO
Cautionary Note Regarding Forward-looking Statements
NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
This press release contains "forward-looking statements". Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements we make regarding the Company's future plans, expectations and objectives.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the adequacy of our cash flow and earnings, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the platforms and software described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Topic: Press release summary
Source: DigiMax Global Inc
Sectors: Crypto, Exchange, Artificial Intel [AI]
From the Asia Corporate News Network
Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.