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Global Blockchain Technologies plans January 8 official launch of Singularity Exchange

The cryptocurrency company plans to introduce at the same time a crowdsale platform for the sale of security tokens, starting with AMR
An illustration symbolizing blockchain
The company will introduce at the same time a crowdsale platform

Global Blockchain Technologies Corp (CSE:BLOC.U) (OTCMKTS:GBCHF) said Friday that it’s planning a January 8 launch for its Singularity Exchange, a decentralized crypto asset trading platform.

The Vancouver-based cryptocurrency company said in a press release that it will introduce at the same time a crowdsale platform for the sale of security tokens.

READ: Global Blockchain Technologies signs deal to buy Atari co-founder's gaming company X2 Games for $49.6M

The first crowdsale held on Singularity will be for the AMR token, the underlying crypto asset of Ammbr, a decentralized, blockchain-based wireless mesh network project with a tie to Global Blockchain’s sister company, Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS: GBCHF).

"There may have been ups and downs in the crypto market, but it remains clear that there is a persisting interest in cryptocurrencies as a more advanced way of transacting value, as well as in blockchain networks as a decentralized form of governance,”  Shidan Gouran, CEO of the companies, said in a statement.

In addition, the Laser interoperability blockchain network has been adjusted to be better suited as the backbone network of Singularity's custody process, according to Global Blockchain Technologies.

Laser will still function as a second-layer network enabling interoperability between the blockchain networks of bitcoin, ethereum and others.

Shares of Global Blockchain slipped C$0.01 to C$0.05 in Friday’s Canadian trading.

 

Contact Dennis Fitzgerald at [email protected]

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