Advanced Blockchain AG Reports Profitable Token Sales

Advanced Blockchain AG, a notable player in the blockchain industry, announced significant success in token sales through its subsidiary, Incredulous Labs Ltd., during the first half of 2024. The transactions, which include OTC sales and airdrops, generated over USD 1.2 million in revenue. These sales were particularly profitable due to the absence of acquisition costs.

The company's half-year financial statements for 2024 have been released, adhering to Deutsche Börse AG requirements. However, the consolidated financial statements for 2023 and the first half of 2024 have been delayed. This delay is attributed to ongoing audits at Incredulous Labs Ltd., ensuring accurate and reliable financial reporting for shareholders.

COO Hatem Elsayed highlighted the importance of precision over speed, reflecting the company's commitment to thorough and high-quality processing. Shareholder discussions have reinforced the demand for meticulous attention to detail.