BIGG believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision.
Research and Development
Over the course of 2019, BIG released numerous product updates for each BitRank and QLUE, with enhancements resulting in faster loading and refresh times, striking graphical layouts, improved account access control and more detailed reporting. Concurrently, BIG was able to reduce its monthly server operating costs by as much as 66%.
In 2020 the development team is focused on “ease of use” features for our customers, including advanced query filtering and further reporting enhancements. The team is also upgrading system failover capabilities to ensure industry-leading uptimes, third party integrations (bringing our technology to a wider potential customer base through partners) and new feature development.
Sales and Marketing
Backed by increasingly robust products, BIG has grown the sales team to 4 full-time employees plus executive support. The leading markets for QLUE, BitRank and Certified Cryptocurrency Investigator training include law enforcement, financial institutions and educational institutions. Recent wins include tier-1 banks, national law enforcement agencies and universities alike. BIG is focused on expanding its online presence and digital advertising campaigns. With only a handful of capable competitors in the space, BIG seeks to solidify its position as a top contender through its 2020 sales and marketing push comprised of inbound marketing, outbound calling and industry event marketing.
Future Objectives
Goals for 2020 include hitting strategic growth and financial targets. We seek to be a top 3 competitor in every sales pitch. Customer feedback drives our product enhancement initiatives as we look ahead to the ever-expanding and evolving needs of the industry. From a revenue perspective, we are aiming for 100% YoY growth in 2020, while maintaining or reducing costs.
Netcoins
Netcoins was acquired by BIGG on
R&D
In order to attract and expand to a more retail customer base, the Netcoins app interface has been revamped and re-styled. The KYC (Know Your Customer) onboarding process was completely reconstructed in order to be as non-invasive and invisible to new customers as possible, while still providing Netcoins with the most security and confidence in the validity (and authenticity) of each new customer. Self-serve features have also been expanded (i.e. auto deposits). Moreover, we have connected new deep liquidity partners that allow customers to transact large trades via the Netcoins app that previously would have required human interaction via an OTC desk. Netcoins also rationalized the number of coins listed on the platform, delisting low trade volume and hence low revenue coins, to decrease R&D complexity.
Community / Marketing / Regulatory
At the end of 2019, Netcoins hired a seasoned Community Manager and launched Netcoins.ca - which has a strong Canadian focus. Netcoins is consciously moving to a retail customer acquisition strategy, based on social marketing and community involvement through meet-ups and events attended by crypto enthusiasts.
We see the future of crypto trading in
BIGG believes Netcoins can be a top 3 crypto trading platform (by volume) in
BIGG
2019 was an important year in our business evolution: Netcoins was acquired; and, BIG made several critical product developments, opening up the sales and growth potential of the business.
In Q4 2019, BIG and Netcoins contributed nearly equally to revenues generated - with estimated aggregate net revenues at
At the close of 2019, BIGG had more than
“2019 was a year of foundation laying for BIGG.
On behalf of the Board,
CEO
mark@biggdigitalassets.com
T:+1.844.515.2646
About
Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. Netcoins utilizes BitRank Verified® software at the heart of its platform and enables crypto transactions via retail locations globally, a self-serve crypto brokerage portal and an Over-The-Counter (OTC) trading desk.
BIGG Investor Relations
Tel: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
For more information and to register to BIGG’s mailing list, please visit our website at https://www.biggdigitalassets.com. Or visit SEDAR at www.sedar.com.
Forward-Looking Statements:
Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIGG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIGG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIGG’s expectations include, consumer sentiment towards BIGG’s products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIGG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIGG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
The CSE does not accept responsibility for the adequacy or accuracy of the content of this Press Release.
Source:
2020 GlobeNewswire, Inc., source