SAN JUAN, PUERTO RICO, July 27, 2020 (GLOBE NEWSWIRE) – SAN JUAN, PUERTO RICO, July 27, 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, today announced 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 hybrid concept of public / capitalist benefit is to provide a good to our shareholders who generate income simply by 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 as it automatically generates BITS via Proof of Stake Mining.
Bots, Inc. and First Bitcoin Capital (OTC: BITCF) are working closely together to ensure a seamless transition of this important asset 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 asset is just one cryptocurrency from a larger inventory of more than 100 unique digital cryptocurrencies acquired by and previously owned by First Bitcoin Capital Corp. The most significant of these cryptocurrency transfers to Bots Inc., including, but not limited to, the majority ownership of First Bitcoin (COIN: BIT), a cryptocurrency based on a unique blockchain similar to an improved version of Litecoin. This single currency is traded Livecoin.net with BIT included in the main website for cryptocurrency tracking via https://coinmarketcap.com/currencies/first-bitcoin/
Furthermore BOTS, Inc. in collaboration with First Bitcoin Capital has generated the interface necessary to manage the unit issuance of a newly minted cryptocurrency based on the Bitcoin blockchain using the Omni protocols which are also used by Tether (COIN: USDT) in an alternative effort to fulfill Yang’s vision, defined as follows: “Universal Basic Income (COIN: UBI) commemorates presidential candidate Andrew Yang’s plan to distribute $ 1000 a month per citizen so that every citizen of the world is entitled to 1000 UBI per month at the request of Bots, Inc. “
In a recent article published on nature.com, “Pandemic Accelerates Biggest Test Yet of Universal Basic Income” Economists welcomed the possibility of seeing whether giving people money, to spend as they please, would improve their means. of subsistence. The Spanish government has launched what may be remembered as the largest economic experiment in the world. On June 15, spurred on by the coronavirus crisis and its economic fallout, Spain launched a website offering monthly payments of up to € 1,015 (USD 1,145) to the nation’s poorest families.
The program, which will support 850,000 families, is the biggest test of an idea called universal basic income (UBI), in which people receive a cash payment each month to spend as they please. It has often been discussed, but never satisfactorily tested, and economists around the world are watching closely to see what the plan’s impact will be on livelihoods.
The move comes at a time of unprecedented economic turmoil caused by the coronavirus pandemic. Spain was one of the hardest hit countries in the early days of the pandemic. The nationwide blockade curbed the spread of the virus, but came at a staggering financial price. Millions of people have lost their jobs due to the rapid contraction of the economy, putting many of the most vulnerable citizens at risk.
“If there is ever an opportunity to try to push for some sort of income base that can be paid in cash to people, now is the time to do it,” says Damon Jones, an economist at the University of Chicago in Illinois.
Bots, Inc. became the first publicly traded company to announce the launch of a Universal Basic Income Token (UBI) initiated by the company. Interested parties can register to receive a linked invitation here: https://www.bots.bz/ubi
“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 are equipped to manage the inclusion of every applicant citizen of the world who wishes to use our automation in order 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 witnessed 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 trading – www.CoinQX.com (in Beta) in early 2014. We saw this step as a tremendous opportunity to create additional shareholder value by leveraging management’s expertise in developing and managing complex blockchain technologies and developing new types of digital assets . As the first publicly traded cryptocurrency and blockchain-focused company, we offer our shareholders diversified exposure to digital cryptocurrencies and blockchain technologies.
The Company began developing its own blockchain and cryptocurrency called First Bitcoin (COIN: BIT) in 2016. Prior to 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. It is currently on the market LIVECOIN.net with his explorer in www.explorer.bitcf.net.
See: 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 solutions services blockchain 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
Come and 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
[email protected]
.[ad_2]Source link
