Neptune Dash’s directors discussed the platform and the future of Canada’s blockchain movement in a conversation with Coinsquare Discover. The discussion brought together Neptune Dash’s CEO Cale Moodie, and CFO Troy Wong.

Neptune Dash “performing amazingly” since the company started

Neptune Dash commenced trading on TSX Venture Exchange in January 2018, and the company aims to accelerate the widespread mainstream adoption of digital currencies. To do so, the team constructs and operates Dash masternodes, reinvesting earnings into further masternodes and growing Dash technology.

While Dash was once a top five digital currency in terms of market cap, the drastic rise in value of several other altcoins has since lowered its position on the chart. Still, with a market cap of nearly $6 billion CAD, Neptune Dash’s founders remain confident that Dash will succeed moving forward.

“We want to highlight that it’s not like Dash hasn’t been performing well, it’s been performing amazingly since we started the company,” said Wong. “It’s just that you’ve seen this meteoric rise in other blockchains like Neo, in Stellar, and Ripple, that have really captured like the hearts and imaginations of everyone temporarily.”

During the discussion, Wong explained that the pair decided to build their platform on top of Dash due to praise for Dash’s masternode system, which serves as a governance solution that aims to be decentralized. Additionally, the pair cited a genuine belief in Dash’s potential as a both a platform and an investment.

Canada attracts a “huge amount of speculative money”

In terms of Canada’s role in the blockchain movement, Moodie explained that the prevalence of the TSX Venture Exchange attracts investors that are inspired by blockchain, but unable to find actual “products” on the market.

“What’s interesting about Canada is that it seems to attract a huge amount of speculative money to the Toronto Stock Exchange, Venture Exchange, and the [Canadian Securities Exchange],” he said. “When we started Neptune Dash we didn’t see any real products that were similar in any way. [There’s a real] lack of a product out there.”

Moodie further stated that Canada is home to several companies that attract investors, against a general lack of “product” in the global market. He explained that many investors are fascinated by blockchain technology, but don’t fully understand how to get involved. As a result, they look to Canadian markets.

Part of Neptune Dash’s mission, he explained, is to alleviate confusion and demonstrate that there is room in the digital currency landscape for product-oriented companies.

The full interview with both Cale Moodie & Troy Wong can be viewed now on Coinsquare’s YouTube page.

Image credit: Neptune Dash logo

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