VANCOUVER, BC / OTCMARKETS NEWS SERVICE / May 8, 2017 / CoinQx Exchange LIMITED, a wholly owned subsidiary of FIRST BITCOIN CAPITAL CORP (OTC:BITCF) or “Company”, “We”, “Us” or “Our”) acquired 4,110,504.06746 “Internet of Money” under the cryptocurrency symbol “XOM” from the newest Initial Coin Offering (ICO) found on the cryptocurrency markets this weekend.
We were able to make this acquisition utilizing 1,000,000 TESLA COIL COINs (TESLA) from our inventory of earned TESLAs.
Not unlike many of the cryptocurrencies that First Bitcoin Capital Corp has generated, including its first ICO -Altcoin (ALT), the Internet of Money (XOM) coins ride on the rails of the Bitcoin Blockchain utilizing the Omni Layer Protocol.
As a result of this crowd-sale acquisition, we will cause XOM to trade against more than 100 crypto and fiat currencies on our COINQX Exchange. The crowd sale can be found via http://www.xom.money
This is our first of many purchases of an ICO and we believe that the potential for branding in this new coin is substantial due to the fact that Bitcoin has been touted as the Internet of Money by prominent blockchain experts such as Andreas M. Antonopoulos who wrote a popular book bearing the same title.
The phenomenon of emerging ICO popularity can be seen in the recent success of Gnosis which sold out in 12 minutes utilizing a Dutch auction. Riding on the rails of the Ethereum Blockchain, GNO claims to be a network where one can speculate on anything with an easy to use prediction market and already wields a hefty market cap of $117 million US dollars just in the float and over $1 Billion total market value.
An up and coming ICO that promises great success has attracted the backing of billionaire Tim Draper which is being created by Tezos Foundation in conjunction with Dynamic Ledger Solutions, Inc. The token is called a Tez (XTZ) which will ride on the Tezos Blockchain utilizing a self-governing ledger -when there are many XTZ, they will bear the cute nickname -Tezzies (tay-z-eez).
About The Company
First Bitcoin Capital Corp is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange- www.CoinQX.com. We see this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex Blockchain technologies, developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company (with shares both traded in the US OTC Markets as [BITCF] and as [BIT] in crypto exchanges) we want to provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies. At this time the Company owns and operates more than the following digital assets.
www.CoinQX.com cryptocurrency exchange, registered with FINCEN.
www.strain.ID cannabis strains genetic information depository on decentralized Blockchain
www.iCoiNEWS.com real time cryptocurrency and bitcoin news site.
www.BITminer.cc providing mining pool management services.
www.2016coin.org online daily election coverage and home page for $PRES, $HILL, $GARY& $BURN -commemorative presidential election coins.
www.bitcannpay.com Open Loop merchant services for dispensaries.
List of most Omni protocol coins issued on the Bitcoin Blockchain and owned by the Company: http://omnichest.info/lookupadd.aspx?address=1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS
Second Omni wallet owned by CoinQX reflecting our airline mileage tokens issued: http://omnichest.info/lookupadd.aspx?address=1VuF26AgLyQ4tBoGzYTWRqtDG9zCB7QXe
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.Such forward-looking statements are risks that are detailed in the Company's filings, which are on file at www.OTCMarkets.com.
SOURCE: First Bitcoin Capital Corp.
Contact us via info@bitcoincapitalcorp.com or visit http://www.bitcoincapitalcorp.com