logo-loader
viewMetaverse Capital Corp

Global Blockchain Mining says Nuvo Cash crowdsale shifts to Singularity Exchange

Singularity Exchange, according to Global Blockchain, supports Bitcoin and Ethereum, as well as 22 other crypto assets, including Loki. Ripple and Steem

A list of cryptocurrencies
The crowdsale was to begin at noon EDT today and remain live until May 17

Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) said Monday that the crowdsale it is handling for Nuvo Cash Ltd, is shifting to the Singularity Exchange to enable it to tap into a larger number of digital asset types.

Singularity Exchange, according to Global Blockchain, supports Bitcoin and Ethereum, as well as 22 other crypto assets, including Loki. Ripple and Steem. The crowdsale was to begin at noon EDT today and remain live until 11:59 p.m. EDT on May 17. Those who participate in the first calendar week, up until noon March 25, will receive a 20% discount on the price of NUVO tokens.

Shares of Global Blockchain Mining advanced C$0.005 to C$0.01 in Monday's Canadian trading and fetched US$0.0058 on the OTC Markets.

READ: Global Blockchain Mining cites crypto-asset marketplace rebound after turbulent start to 2019

In December 2018, Global Blockchain Mining announced that it had been appointed to administer a crowdsale for NUVO, a proprietary crypto asset of UK-based Nuvo Cash, for use on blockchain-based social media networks that are underpinned by Nuvo Cash technology such as Jamaa.

Initially, the NUVO crowdsale was to be held on Paperstreet, a platform operated by San Francisco-based Paperstreet LLC, which participated in Techstars '19, working closely with Global Blockchain Mining President and CEO Shidan Gouran.

Nuvo Cash, according to Global Blockchain Mining, decided instead to use the Singularity Exchange because it supports more types of digital assets for payment. Paperstreet supports crowdsale payments made by Bitcoin and Ethereum only.

NUVO tokens will have a list price of US$0.0025 (one-quarter of one US cent or 400 NUVO tokens to US$1) in any supported currency.

'Very pleased'

"We are very pleased with everything that FORK has done for us to date, in bringing NUVO and its associated technologies to fruition,” Nuvo Cash Managing Director Irfan Hussain said in a statement.

Gouran said he agrees with its client’s decision, “given the initial feedback we have received from participants,” adding that Global Blockchain Mining plans to use Paperstreet in other clients' crowdsales.

He noted that there are more than 2,100 cryptocurrencies right now, with Bitcoin and Ethereum making up more than 61% of the market capitalization.

Contact Dennis Fitzgerald at [email protected]

Quick facts: Metaverse Capital Corp

Price: - -

CSE:FORK
Market: CSE
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Metaverse Capital Corp named herein, including the promotion by the Company of Metaverse Capital Corp in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Global Blockchain Technologies sign deal with Bravio to enter lottery world

Global BlockChain Technologies (CSE:Fork) President Shidan Gouran joined Steve Darling from Proactive Investors on Skype to talk about the deal his company signed with Bravio to bring a digital wallet to their lottery world. Gouran talks about how it will work and why he feels a move to...

on 05/17/2019

2 min read