Business
FanLogic Signs Letter of Intent with Multi Award Winning Singaporean Blockchain Company
CALGARY, AB / ACCESSWIRE / December 5, 2017 / FanLogic Interactive Inc. (TSX-V: FLGC; OTCQB:...
About this update from Health Logic Interactive Inc
[{"type":"text","content":"FanLogic Signs Letter of Intent with Multi Award Winning Singaporean Blockchain CompanyCALGARY, AB / ACCESSWIRE / December 5, 2017 / FanLogic Interactive Inc. (TSX-V: FLGC; OTCQB: FNNGF; FSE: 0BJN) (\"FanLogic\" or the \"Company\") is pleased to confirm a Letter of Intent (\"LOI\") has been duly executed with Easter Egg Pte. Ltd. (\"Easter Egg\"), a BlockChain company registered in Singapore and with subsidiaries in India and Canada.\nEaster Egg is best described as a peer to peer gift giving platform with plans to unify into diverse categories (Payments, Remittances, Gifting, Loyalty and Rewards) on one platform by having a standard fundamental unit of exchange, a colored coin utilizing \"XFER\" that can enable all these transactions on a single Blockchain.\nRandy Brownell, CEO of FanLogic, states: \"This collaboration with Easter Egg exponentially advances our development over our competitors and further positions Fanlogic as a disruptive technology by many months in this hyper-aggressive marketplace. We have already built a fundamental business model and are now overlaying it with Blockchain and tokenization as it relates to loyalty. The team at Easter Egg are world class and visionary and we are thrilled to be working with this level of brain trust.\"\nThe LOI encompasses initiatives and achievements that are beneficial to both companies and is subject to mutual exploration for collaboration. Specific areas of coverage include but are not limited to:\n\n Utilizing the Easter Egg XFER Blockchain for use in the FanLogic system as a decentralized loyalty BlockChain to facilitate rewards for customers that can redeemed in various outlets.\n API sharing.\n Dashboard for vendor inventory management.\n Vendor Loyalty gifting.\n Access to a rule based loyalty management solution\n Support marketing efforts for Easter Egg through targeted contests in key markets in partnership with Easter Egg.\n\nAbout Easter Egg Transfer:\nEaster Egg is building the world's first unified platform for value transfer across the borders – Easter Egg Transfer \"XFER\" (Remittances+Payments+Gifting+Rewards – all in one). We facilitate/enable any form of transfer of value globally from one entity to another; whether it's in the form of goods, services or cash. The common theme that runs across P2P payment, remittances, gifting, loyalty and r...