SAN JUAN, PUERTO RICO, July 24, 2020 (GLOBE NEWSWIRE) – SAN JUAN, PUERTO RICO, July 24, 2020 (GLOBE NEWSWIRE) – via NEWMEDIAWIRE – BOTS, Inc. (OTC: BTZI) (EXCHANGE: M06. SG), an innovator emerging of products, technologies and services for digital robotic automation and the fast growing manufacturing industry, announced today that it is in the process of repurposing and renaming FIRST BITCOIN (COIN: BIT) to “Basic Income Token” while retaining “BIT “as a symbol of digital currency.
There is a growing demand for a socialist universal basic income regime in the United States of America announced by former presidential candidate Andrew Yang, however, our capitalist concept is to provide an asset to our shareholders that simply produces income. keeping their wallets open. The more wallets that remain open, the safer the cryptocurrency becomes. This “income” will automatically generate BITs 24/7 via the Proof of Stake Mining (POS) protocol. Once we have hundreds of our tenths of thousands of shareholders keeping their wallets open, the blockchain becomes exceptionally secure.
Bots, Inc. and First Bitcoin Capital (OTC: BITCF) are working closely together to ensure a seamless transition of this major asset made up of billions of BITs. Once BIT’s name is changed to Basic Income Token, Bots Inc. intends to distribute 1 BIT for each Bots Inc. share to be held on a record date to be set for distribution as soon as August 30, 2020.
This resource is only a cryptocurrency of a larger inventory of over 100 unique digital cryptocurrencies acquired and previously owned by First Bitcoin Capital Corp. The most significant of the transfers of these cryptocurrencies to Bots Inc., included, but was not limited to, the majority ownership of Primo Bitcoin (COIN: BIT), a unique blockchain-based cryptocurrency similar to an improved version of Litecoin, this coin is traded on Livecoin.net with BIT included on the main cryptocurrency tracking website via https://coinmarketcap.com/currencies/first-bitcoin/
Furthermore, BOTS, Inc. in collaboration with First Bitcoin Capital generated managed units of a newly minted cryptocurrency based on the Bitcoin blockchain using the Omni protocols also used by Tether (COIN: USDT) in an attempt to alternatively satisfy Yang’s vision, defined as follows:
“Universal Basic Income (COIN: UBI) commemorates presidential candidate Andrew Yang’s plan to distribute $ 1000 per month per citizen so that every citizen of the world is entitled to 1000 UBI per month at the request of Bots, Inc.”
“Those requesting this monthly UBI distribution will be required to cover the nominal Bitcoin transfer costs of the Bots and both the Bots and First Bitcoin Capital will share a 1% transfer fee to be earned in kind. We will develop unique bots that will manage the inclusion of every applicant citizen of the world who wants to use our automation to manage signups and transfers, ”said the company’s newly elected president, Simon Rubin.
The creation of “UBI” which is under the management of Bots Inc and First Bitcoin Capital can be seen here:
https://omniexplorer.info/asset/829
About First Bitcoin Capital Corp
First Bitcoin Capital Corp (OTC: BITCF) is the largest shareholder of Bots, Inc. as a result of trading most of its assets, but has begun to develop digital currencies, proprietary blockchain technologies, and digital currency exchange – www.CoinQX . com (in beta) in early 2014. We saw this step as a huge opportunity to create additional shareholder value by leveraging management experience in developing and operating complex blockchain technologies and developing new types of assets digital. As the first publicly traded cryptocurrency and blockchain-centric company, we provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies.
The Company began developing its own blockchain and cryptocurrency called First Bitcoin (COIN: BIT) in 2016. Before transferring most of this asset to Bots, Inc., the Company updated the BIT wallet and added additional functionality. Users are able to generate BITs through the POW and POS mining processes. The first cryptocurrency Bitcoin (COIN: BIT) has a current supply of 20,707,629,255 BIT. He currently trades on LIVECOIN.net with his explorer at www.explorer.bitcf.net.
https://coinmarketcap.com/currencies/first-bitcoin/
Contact us via: [email protected] or visit www.firstbitcoin.io
Follow us on Twitter; @ 1stBitCapital
follow us on Linkedin: https://www.linkedin.com/company/first-bitcoin-capital-corp/
Follow us on Facebook: https://www.facebook.com/BITCF/
About BOTS, Inc.
Headquartered in San Juan, Puerto Rico, BOTS, Inc. – publicly traded on OTC markets under the symbol (BTZI) and on Börse Stuttgart under the ticker (M06.SG) – is a diversified company that develops and provides blockchain solutions and robotics for its customers. The Company is committed to driving the innovations needed to shape the future of digital robotic automation management through digital technology and decentralized blockchain solutions. Management is dedicated to the strong growth of Distributed Asset Technology and Robotic Process Automation (RPA).
Bots, Inc. has appeared in the media nationwide, including CNBC, Bloomberg, TheStreet.com. For more information visit http://www.bots.bz
Visit us on Facebook @ https://www.facebook.com/Bots.Bz/
Follow us on Twitter @Bots_bz
Forward-Looking Statements
Certain statements contained in this press release may constitute “forward-looking statements”. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statements that are not directly related to historical or current facts. Actual results may differ materially from those indicated by these forward-looking statements due to various important factors that may be disclosed in the company’s statements. In addition to these factors, actual future performance, results and results may differ materially due to more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions and changes in business public and government policies. Forward-looking statements included in this press release represent the views of the Company as of the date of this press release and these views may change. However, although the Company may decide to update these forward-looking statements in the future, the Company expressly disclaims any obligation to do so. These forward-looking statements should not be relied upon as they represent the views of the Company at any date after the date of the press release. Such forward-looking statements are risks detailed on the Company’s website and documents.
Contact:
Paul Rosenberg
CEO
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