Global Blockchain Mining Corp (CNSX: FORK) (OTCMKTS:GBCHF) said Monday that the website for the crowd sale of AMR is now available along with a white paper on the related technology.
The crowd sale of AMR, the crypto asset of Singapore-based Ammbr Foundation Pte Ltd, will be from January 8 to March 8.
In the AMR crowd sale, there will be 400 million tokens, or 20% of the total issuance of 2 billion tokens. Each token will be priced at the equivalent of US$0.025 in the accepted currencies listed on the crowd sale's website.
“We are pleased to be working with Ammbr, and we look forward to leading a successful crowd sale for them," said Shidan Gouran, president and CEO of Global Blockchain Mining, which is based in Vancouver.
He added that Ammbr has received government endorsements from Guinea-Bissau, Uganda, Sierra Leone, Guinea, Burundi and the Congo.
In exchange for its sale administration and development services, Global Blockchain Mining will be paid 241.55 million AMR tokens, as well as 10% of all proceeds from the public crowd sale.
Ammbr was formed in 2017 with the goal of combining wireless mesh and blockchain technologies to broaden the availability of internet connectivity without having to rely on telecom companies or internet service providers to build the infrastructure.
A demonstration of Ammbr's technologies will be given at the 2019 Mobile World Congress in Barcelona, Spain, from Feb. 25 to Feb. 28.
Contact Dennis Fitzgerald at [email protected]