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Signs Terms of Agreement with Harmonychain AS for Blockchain Ethereum Platform Smart Contract Tokens - Symbol Reservation for Gold and Silver
(via TheNewswire) Vancouver, British Columbia / TheNewswire / December 6, 2017 - Canam...
About this update from Canamex Gold Corp
[{"type":"text","content":"Signs Terms of Agreement with Harmonychain AS for Blockchain Ethereum Platform Smart Contract Tokens - Symbol Reservation for Gold and Silver(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / December 6, 2017 - Canamex Gold Corp. (the \"Company\" or \"Canamex\") (TSX-V: CSQ) (OTCBB: CNMXF) (FSE: CX6) is pleased to announce that effective 24th November 2017, the Company has executed a Terms of Agreement (\"TOA\") with Harmonychain AS (\"Harmonychain\") to consider the issues around an Initial Coin Offering (\"ICO\") of asset-backed digital tokens based on the Ethereum blockchain technology, and whether the Company could utilize this new technology in future offerings. \n\n\n \nThe Company feels that the TOA is an important technology licensing agreement, as it provides the Company with the exclusive license from Harmonychain in respect of the Gold and Silver resource segments, for the blockchain Ethereum Platform Smart Contract Token (a \"Token\"). The Company has secured the exclusive rights to use the Ethereum Token symbols \"GOLD\" (Gold), \"GUS\" (Gold United States) and \"SUS\" (Silver United States) for any future Token offering, if any of them are completed successfully by December 31, 2018. The Company is not undertaking any current Token or ICO offering now, but has secured the rights to use such Token symbols. If, as and when the Company wishes to undertake a Token offering, it will disclose such details at that time.\n\n\n \nNew Generation of Digital Tokens\n\n\n \n\"The new paradigm of secure digital currencies and tokens opens up a new opportunity for Canamex, as a potential alternative means of doing financings. We believe that this concept could be a first for the industry. One of the great benefits with raising capital via this concept, is that there could be minimal dilution for the shareholders, in addition to the benefits of transparency, the potential asset backing of the Tokens and it being attractive compared to traditional debt or equity financings\", says David Vincent, the CEO of the Company.\" \n\n\n \nOther international renowned companies like BP, BNY Mellon, Cisco, Credit Suisse, Deloitte, ING, Intel, J.P. Morgan, MasterCard, Microsoft, Santander, Toyota and UBS, are all members of the Enterprise Ethereum Alliance, where members are also considering the range of possibilities that the...