First Bitcoin Capital Corp to Buyback Shares Utilizing the ICO -Internet of Money (XOM) It Acquired From Active CrowdSale; $BITCF’S ALTCOIN ICO Success Results In Revenues For Second Quarter 2017; Completes Move Of Common Shares From Its Own Blockchain To The Bitcoin Blockchain
VANCOUVER, BC / ACCESSWIRE / July 3, 2017 / CoinQX Exchange LIMITED, a wholly owned subsidiary of FIRST BITCOIN CAPITAL CORP (OTC PINK: BITCF or “Company”, “We”, “Us” or “Our”) acquired the “Internet of Money” tokens which should eventually trade under the cryptocurrency symbol “XOM” from an Initial Coin Offering (ICO) which continues to run on the Omni Layer Protocol.
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
As a result of this crowd-sale acquisition we will allow BITCF
shareholders to exchange their shares for XOM. While XOM is not yet traded
against any other digital or fiat currency, the buyback will be executed at a
rate of 2 BITCF shares for 1 XOM token.
This offer is open to shareholders so long as our supply of XOM tokens is sufficient to accommodate those shareholders wishing to make the exchange. The shareholders that elect to make this exchange will be granted a 5 years option to exchange back to shares at the rate of 1 XOT token to 1.9 BITCF shares during the first year, 1.8 BITCF shares the second year, 1.7 shares BITCF the third year, 1.6 BITCF shares the fourth year and 1.5 BITCF shares the final and fifth year.
In order to participate, shareholders will receive further details by notifying us of the amount of shares they would like to exchange via email: [email protected]
The company reserves the right to close out this buyback offer on or before July 18 2017.
REVENUES anticipated in the second quarter.
The Company is pleased to announce that its first ICO, Altcoin (ALT) has generated substantial revenues. First Bitcoin earned 13,406.27953322 ALT tokens which is currently valued at approximately $300,000 today according to Coinmarketcap.com and should this value hold up at day’s end it will substantially increase the company’s digital cash reserves as well as contribute to net earnings.
NEW BLOCKCHAIN FOR COMMON SHARES
The Company also completed moving trading of its cryptoshares onto a new blockchain using a managed protocol. This is a significant move because it not only ends mining which resulted in unnecessary dilution but adds BIT as an independent cryptocurrency to the company’s coffers and potentially of tremendous value as an added asset. See: https://c-cex.com/?p=bitcf-btc
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 under development:
www.CoinQX.com cryptocurrency exchange, registered with FINCEN.
www.altcoinmarketcap.com market capitalization for all cryptocurrencies with up and down voting by altcoin communities.
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
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.
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SOURCE: First Bitcoin Capital Corp.