Blockchain's Revolutionary Potential Goes Well Beyond Just Bitcoin Cryptocurrency
(4 months ago)
PALM BEACH, Florida: A growing number of publicly traded companies are making big moves to join the cryptocurrency and blockchain technology frenzy.
A few companies are even putting current business operations on the back burner while reorganizing to take advantage of emerging opportunities in the most disruptive, hottest sector to pop up in some time.
This rapidly growing phenomenon signals opportunity and for some, a risk for capital seeking exposure to blockchain's volatile shift into the mainstream across a growing list of industries. Technology moves so rapidly that new approaches or ideas can emerge - and fade - within short timescales.
Blockchain could disrupt whole industries, by changing how trading is carried out and how transactions are processed and cleared and is being hailed as one of the most revolutionary and disruptive technological advances of today.
Active Companies in the markets this week include: Mansfield-Martin Exploration Mining, Inc. (OTC: MCPI), Long Blockchain Corp. (NASDAQ: LTEA), Glance Technologies Inc. (CSE: GET) (OTC: GLNNF), MGT Capital Investments, Inc. (OTC: MGTI), Overstock.com, Inc. (NASDAQ: OSTK).
Mansfield-Martin Exploration Mining, Inc. (OTC: MCPI) announced today that it has expanded its preliminary arrangement with Qu Ltd. Mansfield-Martin previously agreed to provide up to 5 million oz. silver doré to Qu, Ltd. to support the Silverback ICO. Joint Venture owners in the Mine Run Program will now have the option of taking returns in Silverbacks, Qu Ltd.'s current ICO, as well as doré or US currency.
The Silverback is a cooperative decentralized crypto coin running on the Ethereum block chain. Qu Ltd. will offer 5,000,000 coins, each backed by 1 oz. of .999 silver. Pricing for Silverbacks will be exclusively in Ether, and set at a sliding discount to spot silver pricing: 50% over the first 10 days; 25% over the second 10 days; 10 % over the third 10 days; and 5% over the fourth 10 days. The ICO has a term of 60 days; thereafter, Silverbacks will be priced by traditional auction/bid-ask methods. If less than 75% of the Silverbacks are purchased, all funds will be returned to subscribers.