After securing an agreement with Singapore-based wireless technologies company Ammbr to administer the crowdsale for its network's proprietary crypto token AMR, FORK is pleased to announce that it will release the whitepaper and launch the crowdsale's website on Monday, November 26, 2018. The Company also announces that it has appointed Simon Ditner, an experienced software architect and recognized expert in telecom systems, as FORK's Chief Technologist. Mr. Ditner will play a lead role in FORK's work with Ammbr.
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2018) - GLOBAL BLOCKCHAIN MINING CORP. (CSE: FORK) (OTC Pink: GBCHF) ("FORK" or the "Company") announces that it will release the whitepaper and launch the website for the crowdsale of AMR on Monday, November 26, 2018. AMR is the proprietary crypto asset of Ammbr Foundation Pte. Ltd. ("Ammbr") for its wireless mesh network. This announcement is made pursuant to the arrangement made between FORK and Ammbr, as announced in the Company's press release dated October 23, 2018.
Ammbr has developed a network protocol that creates a "wireless mesh" internet access method. By using a distributed network of routers, Ammbr's network acts as a democratized and trustless equivalent to an Internet service provider. For use on the network, Ammbr has developed three different router products, including a portable router, an in-home router and a solar-powered outdoor router. Wireless mesh technology is used extensively by the US military. Further, Google has incorporated the technology into some of its wireless home products. With many regions of the world having deficient Internet access, wireless mesh networks allow for Internet connectivity to be made available virtually anywhere on earth. Ammbr's network will be managed by a blockchain-based application which facilitates transactions on the network, including the buying and selling of Internet bandwidth. Such transactions will be made using the AMR crypto asset, which enable automated micropayments for seamless transactions.
The AMR crowdsale's supply will be 400,000,000 AMR tokens, or 20% of the total issuance of 2,000,000,000 AMR tokens. Each token will be priced at US $0.025 each. In exchange for its sale administration and development services, FORK will be paid a lump sum of 241,550,000 AMR tokens, as well as 10% of all proceeds from the public crowdsale. As of this writing, the anticipated launch date of the Ammbr network will be in Q1 of 2019, aligning with the 2019 Mobile World Congress in Barcelona, at which Ammbr and FORK will have presence.
As developments with Ammbr's crowdsale and network continue, FORK has brought on Simon Ditner as its Chief Technologist. Mr. Ditner has a professional background in system design and software engineering, and has worked with major players in the telecom space and pioneering start-ups. His initial focus will primarily be on streamlining the launch of Ammbr's network to ensure that it is scalable and easy to use, and that it will be positioned to create value for investors in the AMR token and operators of routers on the Ammbr network.
"Ammbr is a very exciting project, and we are most pleased to be able to release more information about it to our shareholders and prospective investors in the crowdsale, as the project progresses," said Shidan Gouran, President and CEO of FORK. "AMR as a crypto asset stands out because once Ammbr's network is built out, AMR has a nearly infinitely scalable use case. When you consider that this network will bring the Internet to parts of the world where it is too cost-prohibitive to provide such access through traditional channels, you're looking at hundreds of millions of potential users, and the AMR cryptocurrency will be the backbone of this network. We are also thrilled to have brought Simon Ditner on as our Chief Technologist. He produced amazing results in the telecommunications industry, and a project like Ammbr is right up his alley."
FORK will issue a press release on or before Monday, November 26th, containing links to Ammbr's whitepaper and the website for the upcoming crowdsale.
On behalf of the Company:
Shidan Gouran, President and CEO
For more information please contact:
Global Blockchain Mining Corp. Investor Relations
About Global Blockchain Mining Corp.
Global Blockchain Mining Corp. is a technology company that is engaged in the business of mining blue-chip cryptocurrencies through the deployment of hardware and associated infrastructure to mine these coins. Investors, through their investment in the Company, are provided with exposure to these cryptocurrencies without the lengthy, and complicated process that interested investors must undergo in order to gain exposure to these cryptocurrencies.
The Company is listed on the Canadian Securities Exchange ("CSE") and its common shares trade under the ticker symbol "FORK". Additional information relating to the Company is available on SEDAR at www.sedar.com, the CSE at www.theCSE.com as well as on the Company's website at: www.forkcse.com.
Cautionary Note Regarding Forward-Looking Information
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