KodakOne, a fully registered initial coin offering (ICO) in which Global Blockchain Technologies Corp. (CSE:BLOC) (FSE:BWSP) (OTC:BLKCF) is a lead investor in, will host its own community channel on the ICOxConnect platform.
ICOxConnect is considered the first and only community development platform restricted to ICO listings that are compliant with applicable laws — and this includes KodakOne. This ICO is a result of a partnership between Kodak and WENN Digital that’s set for launch this year.
The platform aims to provide an online community for holders of the KodakCoin token, a photographer-oriented cryptocurrency designed to work with the KodakOne platform, to interact with one another.
Shidan Gouran, President of Global Blockchain, commented:
“The KODAKCoin ICO continues on schedule, and we are very excited that the KODAKOne community will have a secure and regulated platform in ICOxConnect.com upon which the community can ask questions and receive answers in accordance with the regulated ICO.”
Bruce Elliott, the President of ICOx Innovations said:
“Leveraging the ICOx Innovations platform and our strategic, regulatory, operational, blockchain and cryptocurrency development services, we were able to help develop the KODAKCoin and have consulted to ensure that the ICO and ongoing operations of KodakCoin by WENN Digital are managed in a fair, transparent and regulatory compliant manner in compliance with applicable laws.”
Last month, Global Blockchain became a lead investor in the KodakOne ICO with a US$2 million investment. The KodakOne platform uses the Ethereum blockchain to create an encrypted digital ledger of rights ownership for photographic archives. The purpose of the KodakCoin tokens is to have an exclusive way for photographers to receive payments for licensing and selling their work on the KodakOne platform.
Initially, the KodakOne ICO launch date was set for January 31, but it was later delayed by several weeks so that Kodak could add an accredited investor verification phase due to the “high degree of interest generated by the ICO.”
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities lawss. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved”. Forward-looking information includes, but is not limited to the Company’s goal of streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top-tier blockchains and digital currencies. The Company has no assets and its business plan is purely conceptual in nature and there is no assurance that it will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made, including but not limited to: statements and expectations regarding the ability of the Company to (i) successfully engage senior management with appropriate industry experience and expertise, (ii) gain access to and acquire a basket of cryptocurrency assets and pre-ICO and ICO financings on favourable terms or at all, (iii) successfully create its own tokens and ICO’s, and (iv) execute on future M&A opportunities in the cryptocurrency space; receipt of required regulatory approvals; the availability of necessary financing; permitting and such other assumptions and factors as set out herein. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to changes in cryptocurrency prices; the estimation of personnel and operating costs; general global markets and economic conditions; risks associated with uninsurable risks; risks associated with currency fluctuations; competition faced in securing experienced personnel with appropriate industry experience and expertise; risks associated with changes in the financial auditing and corporate governance standards applicable to cryptocurrencies and ICO’s; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued development of the Company’s business plan may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of additional common shares of the Company; the risk of litigation. Although the Company has attempted to identify important factors that could cause actual results to differ materially from the forward-looking information set out in this presentation, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Featured Image: Facebook