Proactive Investors - Run By Investors For Investors

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]

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full FORK profile View Profile

Metaverse Capital Corp Timeline

Related Articles

uBUCK graphic
July 05 2019
The company operates 1SHIFT Logistics, a software platform that enables brokers, shippers, and carriers to track shipments and settle payments in real-time without having to micromanage individual drivers. It also owns uBuck Technologies, a subsidiary that is revolutionizing payment in the shipping industry.
Artist Michael Foran photographs the burning US Twin Towers after the 9/11 attacks
April 09 2019
The information sharing platform archTIS commercially launched this week was inspired by the threat of the 9/11 attacks in the US and is continually relevant amid global tensions.
Hundred dollar bills float through air, signalling affluence of Animoca's partnerships
April 22 2019
Animoca Brands is a rapidly growing games company always on the move and seeking new growth opportunities.
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use