Imagine a company's piggy bank, but instead of coins, it uses cryptocurrency! BioNexus, a Malaysian company, decided to use Ethereum (ETH) instead of Bitcoin (BTC) for its savings. They think Ethereum is better because it can do more things than just storing value like Bitcoin. They chose Ethereum because it’s like a super-highway for online money, used for many things.
- Ethereum is used in many online financial systems.
- It lets companies earn extra money by ‘staking’ it.
- BioNexus believes Ethereum will become even more important in the future.
| Fact | Number/Detail |
|---|---|
| BioNexus Market Cap (Sept 30, 2024) | $6 million |
| BioNexus Revenue (Sept 30, 2024) | $2.6 million |
| BioNexus Net Income (Sept 30, 2024) | -$1.3 million |
| Expected Ethereum staking yield | 3-5% annually |
