Completion of the Crowd-Sale of Altcoin Highlights Scarcity
VANCOUVER, BC / ACCESSWIRE / May 1, 2017 / First Bitcoin Capital Corp. (OTC PINK: BITCF) finalized its first Initial Coin Offering (ICO) yesterday at 8PM Eastern Standard Time.
Five weeks ago First Bitcoin Capital foretold that a major shift was forthcoming that will overnight witness the emergence of altcoins surpassing Bitcoin in overall market cap. Those prophetic words are fast approaching realization.
In order to capitalize on the pending shift, the Company wasted no time in launching its first ICO choosing a name to capture the maximum exposure to this emerging trend calling it “ALTcoin” bearing the symbol “ALT.” In conjunction with this now finalized ICO (also sometimes known as ITO for Initial Token Offering), the company is close to launching AltCoinMarketCap.com as a new, potential income source.
Crypto Coin speculators acquired 134,062.79533219 ALT (including the 10% earned by BITCF) using Tether (USDT) as the medium of exchange. During the first week early participants automatically received approximately 1.25 ALT for each USDT sent to the company’s Omni wallet, Bitcoin address: 1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS
This process was fully automated and required no manual processing by the issuer of ALT. With the ICO completed, any USDT now sent to the above address will not result in ALT to the sender’s wallet. Please do not send USDT to the above address unless you wish to make it a donation to BITCF.
Historical details of the ALT ICO can be found at: https://www.omniwallet.org/assets/details/149
The early bird bonus of 25% was reduced to 20% the second week, 15% the third week, 10% the fourth week and 5% the final, fifth week, when the ICO closed yesterday. A bonus of approximately 10% of all coins created and purchased belong to The Company while approximately 90% are held by the public. It is rare to find an ICO that doesn’t amass a greater percentage to the issuers and organizers.
Before the Altcoin (ALT) ICO completed it was listed on several exchanges, including the Company’s subsidiary, COINQX.com so that those that were unable to send USDT to acquire ALT were able to participate in secondary trading. Some of those that bought through the USDT for ALT process already resold their ALT for a profit.
Amongst the vast majority of thousands of altcoins trading in the crypto markets, Altcoin (ALT) stands out as one of the scarcest in quantity of coins issued and issuable with a maximum of 134,062.79533219 ALT. One of the reasons that Bitcoin is so popular is due to its scarcity with a maximum mineable and outstanding to be 21,000,000 coins. The scarcity of ALT may or may not bode well for its future market cap valuations where it can already be found on www.coinmarketcap.com, the main competitor to the Company’s www.altcoinmarketcap.com where owners of ALT will be able to pay in ALTCOINs for advertising their goods and services.
The Company is developing AltcoinMarketCap.com information website to be the go to place for all thing crypto including breaking news as well as a venue for cryptocurrency critics to up and down vote thousands of altcoins.
ALT utilizes the same Omni protocols as our recently launched Bitcoin Unlimited Futures, which is now trading on 3 exchanges under the symbols XBU on OmniDEX and CoinQX and as XB on C-C ex.
“We chose USDT as a medium of exchange for speculators to acquire ALT since it is the most actively traded Omni asset with tens of millions of coins in daily volume, trading in 11 currencies on Poloniex, as well as many other major and minor exchanges such as our own CoinQX.com.”
The Company is considering utilizing MaidSafeCoin since it is amongst the top 10 altcoins and also is a part of the Omni Layer -for its next ICO – which it is in the process of launching.
The completion of the ALT ICO witnessed upward movement in price per coin and volume in trading on C-Cex.com were the most activity to date has occurred in the secondary markets. ALT also trades on the Cryptopia, OMNIDEX and CoinQX.com exchanges.
About the company:
First Bitcoin Capital 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 the following digital assets.
www.CoinQX.com cryptocurrency exchange, registered with FINCEN.
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 Omni protocol coins issued on the Bitcoin Blockchain owned by the Company: http://omnichest.info/lookupadd.aspx?address=1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS
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.