Global Blockchain Mining Corp (CSE:FORK) said Friday that Paperstreet LLC has been picked to host the crowdsale for the NUVO token crowd sale and that whitelisting will begin on March 4.
The NUVO tokens are digital assets being issued by UK-based Nuvo Cash Ltd and will be used on social media platforms hosted on Nuvo Cash’s blockchain network.
Vancouver-based Global Blockchain announced last December that it was commissioned by Nuvo Cash to administer the crowdsale.
Based in San Francisco, Paperstreet is an end-to-end token sale platform and has closed eight offerings to date. Custodianship of the raised proceeds in the NUVO token crowdsale will be arranged via the Singularity Exchange.
“We are confident in Paperstreet’s ability to host the NUVO crowdsale,” said Steven Nerayoff, chairman of the Global Blockchain Mining Corp, in a statement. “Singularity’s ability to provide institutional-grade custody for digital assets, and integrate that into third-party platforms and exchanges like Paperstreet will bring a lot of changes to crypto, with custody remaining a hurdle for many players.”
Set up with a focus on crypto-mining, Global Blockchain has moved into the development and administration of launches of tokens and digital assets.
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