VANCOUVER, British Columbia, December 14, 2018 (GLOBE NEWSWIRE) – GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (CSE: BLOC.U) (FSE: BWSP) (OTC: BLKCF) ("BLOC" or "Company") has recently finalized some important milestones of its Singularity Exchange projects, a decentralized encryption and laser trading platform, a second-level interoperability network for blockchain. These projects have undergone some changes, following both the movement in the crypto markets and the developments related to the projects themselves. Despite the market change, both projects are currently in line with expectations, due to the impact they will have on the blockchain ecosystem and on the broader financial markets.
The Company has developed a crowdsale platform to be part of the Singularity Exchange, which will be dedicated to the sale of utility tokens, which includes types of resources such as network access tokens and corporate loyalty tokens. The first crowdsale to be held on Singularity is the AMR token, the implicit cryptographic asset of Ammbr, a decentralized blockchain wireless network project that the sister company BLOC Global Blockchain Mining Corp. ("FORK") recently announced its involvement with. This crowdsale will begin Tuesday, January 8, 2019, which will also be the official launch date of the Singularity Exchange. Further information will be provided in a subsequent press release.
Furthermore, BLOC is customizing the Singularity approach to the needs of cryptic asset traders making it a "meta-exchange" for other DEX platforms (decentralized exchange), as well as providing custody, making Singularity a unified trading solution. At its launch date, Singularity will support the decentralized exchange of Stellar, with support for the Ethereum 0x DEX network to be integrated by the end of the first quarter of 2019 and many more to be added by the end of 2019.
Regarding custody, the Singularity custody platform will be a decentralized network alone, using the Laser BLOC protocol. For simplicity, Singularity custody will be centralized in the beginning, even if it becomes decentralized in the steps. Originally, Laser was built to be a second-level protocol for the underlying blockchain networks to interoperate with each other, having its native token as a way to add more value to the network. In the interest of focusing on projects that will generate immediate revenue, such as the Singularity Exchange and the Dubai-based commercial finance project (announced on August 16, 2018), BLOC has chosen not to create a native token for the Laser protocol.
However, Laser will be able to function exactly as originally planned, operating as a second-level network that enables interoperability between the blockchain networks of Bitcoin, Ethereum, Steem, EOS, Bitshares and Stellar, also providing the & # 39; quasi-instant option and anonymous transaction skills. Laser will also have initial support for Nuvocash, a network of blockchains for decentralized social communities to which FORK has recently received the commission to improve for a UK-based social network operator. It is still intended for the entity based on Cayman Laser Technologies Corp. to act as a government agency for service node operators on the Laser network.
"Despite the recent decline in market capitalization, 2018 has been an exceptional year for blockchain and crypto," said Shidan Gouran, President and CEO of the Company. "There may have been some ups and downs in the cryptography market, but it remains clear that there is a lingering interest in cryptocurrencies as a more advanced way to implement value, as well as in blockchain networks as a form of decentralized governance. Exchange and the Laser protocol reflect this, as we are not focusing so much on cryptographic resources, but rather on ways in which their utility can be maximized.There currently, there are over 2,070 different cryptocurrencies and, collectively, their potential growth is very limited by non-sophisticated exchange solutions that do not favor long-term growth Long-term growth is our goal with both Singularity and Laser, and with the launch of Singularity just over three weeks away , in the first quarter of 2019 some interesting developments will be seen. "
On behalf of the Company:
Shidan Gouran, President and CEO
[email protected]
For more information, please contact:
Global Blockchain Technologies Corp. Investor Relations
[email protected]
800-689-8089
About Global Blockchain Technologies Corp.
The Company offers investors access to a basket of direct and indirect holdings within the blockchain space.
The Company focuses on streamlining the currently arduous, long and complicated process that interested investors must undergo to gain exposure to the blockchain space, in order to become the first vertically integrated originator and superior blockchain manager.
BLOC is listed on the Canadian Securities Exchange ("CSE") and its common shares are traded with the symbol "BLOC". Further information on BLOC is available on SEDAR at www.sedar.com, on CSE at www.theCSE.com, and on the Company's website at www.globalblockchain.io.
Cautionary note regarding forward-looking information
This press release contains "forward-looking information" pursuant to applicable securities laws. In general, any statement that is not a historical fact may contain forward-looking information and forward-looking information can be identified through the use of forward-looking terminology such as "plans", "expect" or "do not expect", "is expected "," budget "," scheduled "," quote "," forecast "," intend "," anticipate "or" do not anticipate "or" believe "or changes in such words and phrases or indicate that certain actions, events or results "can", "could", "would", "could" or "will be" taken, "would need" or "be achieved". Forward looking information includes, but is not limited to, the Company's objective to streamline the current, arduous, long and complicated process that interested investors must submit to gain exposure to the cryptocurrency space in order to become the first originator. vertically integrated and high-level blockchain manager and digital currencies. The Company has no assets and its business plan is purely conceptual in nature and there is no guarantee that it will be implemented as indicated in this document, or at all. Forward looking information is based on certain factors and assumptions that the Company deems to be reasonable at the time such statements are made, including but not limited to: statements and expectations regarding the Company's ability to (i) successfully involve management with appropriate experience and expertise of the sector, (ii) obtaining access to and acquiring a basket of cryptocurrency activities and pre-ICO and ICO funding on favorable terms or conditions, (iii) successfully create their tokens and ICOs and ( iv) to run M & A Opportunities in the cryptocurrency space in the future; receipt of the required regulatory approvals; the availability of necessary financing; permitting and other hypotheses and factors as shown here. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or results of the Company that are substantially different from those expressed or implied by such forward-looking information, including but not limited to: risks linked to changes in cryptocurrency prices; the estimate of personnel and operating costs; general global markets and economic conditions; risks associated with non-insurable risks; risks associated with currency fluctuations; the competition had to face the safety of experienced personnel with experience and expertise in the field; risks associated with changes in the financial control and corporate governance standards applicable to cryptocurrencies and ICOs; risks connected to potential conflicts of interest; dependence on key personnel; financial, capitalization and liquidity risks, including the risk that the financing necessary to finance the continuous development of the Company's business plan may not be available on satisfactory terms, or at all; the risk of potential dilution through the issue of additional ordinary shares of the Company; the risk of litigation. Although the Company has attempted to identify important factors that could cause actual results to differ materially from the forecast information set out in this presentation, there may be other factors that could cause unexpected, estimated or predicted results. There is no guarantee that such forward-looking information will be accurate, as actual results and future events may differ materially from those expected in such information. As a result, readers should not rely excessively on forward-looking information. Forward-looking statements are made on the basis of the convictions, estimates and opinions of management on the date the statements are issued and the Company undertakes no obligation to update forward-looking statements if such beliefs, estimates, opinions or other circumstances change , except as required by legislation. Investors are advised not to give undue certainty to forward-looking statements.
Neither the CSE nor its regulatory service provider (as this term is defined in the policies of the CSE) accept responsibility for the adequacy or the accuracy of this release.
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