#SponsorsOne's (CSE: $SPO.C) #Cryptocurrency #SponsorCoin Now Exchangeable Into #Bitcoin and #Ethereum
#SponsorsOne's (CSE:
$SPO.C) #Cryptocurrency #SponsorCoin Now Exchangeable Into #Bitcoin and #Ethereum
Waterloo,
Ontario - January 30, 2018 (Investorideas.com Newswire) SponsorsOne Inc. (CSE: SPO) (Frankfurt: 5SO) (the
"Company"), has developed the SponsorsCloudTM platform to support the
SponsorCoin, the world's first scalable, digital cryptocurrency for social networks.
Smart contracts, between brands, consumers and influencers, which automatically
determine compensation for authentic social engagement are backed by
SponsorCoins. SponsorsOne is pleased to announce that the SponsorsCoin digital
wallet will now facilitate the automatic, real time conversion of SponsorCoin
into Bitcoin, Ethereum and many other popular cryptocurrencies that trade
internationally.
"Providing
liquidity outside the SponsorsCloud for our Brand Communities has always been
our goal." states Myles Bartholomew, CEO of SponsorsOne. "The
conversion will be 100% cash backed and as an audited public company the cash
held in reserve will be fully reported on our balance sheet."
The
SponsorCoin digital wallet will show, in real time, the exchange value of
Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Dash and other currencies
based on the current exchange prices around the world. With one click users can
exchange their SponsorCoins into any of the supported block chain
crypto-currencies.
Each
exchange is supported with USD or CAD held on SponsorsOne's balance sheet in a
segregated account and reported quarterly through an audit report. This cash
reserve is built up from the revenue generated through successful marketing
campaigns that lead to sales directly with brands that contract with
SponsorsOne. SponsorsOne earns 20% of revenue generated from brand sales and
will set aside 10% (2% of sales) of revenue as a cash reserve. Exchanged
SponsorCoins will be returned back to SponsorsOne's account for allocation back
to the contracted brands supporting further smart marketing campaigns and
ongoing revenue generation.
About SponsorsOne:
SponsorsOne is positioned as a leader in the next
evolution of social digital marketing and crypto-commerce with the
SponsorsCloudTM platform and its highly scalable digital – smart
contract based crypto-currency called SponsorCoin. Combined, this allows Brands to build and
manage their own proprietary and highly engaged communities of influencers
within the social realm. The SponsorsCloudTM platform allows for
data driven marketing campaigns that will change the way brands connect to
their customers and compensate the consumer for authentic engagement using the
SponsorCoin digital crypto-currency.
SponsorsCloudTM and SponsorsCoin is a tool for brands to
inspire real movements around their products and services in which their most
valuable customers become their best salespeople, producing far greater ROI
than current social media advertising methods.
ON BEHALF OF THE BOARD
Gary Bartholomew, Executive Chairman
The Canadian Securities Exchange (“CSE”) has neither approved nor disapproved the contents of this Press Release.
Forward-Looking Statements
This news
release contains forward-looking statements and information that are based on
the beliefs of management and reflect the Company’s current expectations. When
used in this news release, the words “estimate”, “project”, “belief”,
“anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the
negative of these words or such variations thereon or comparable terminology,
are intended to identify forward-looking statements and information. Such
statements and information reflect the current view of the Company with respect
to risks and uncertainties that may cause actual results to differ materially
from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve
known and unknown risks, uncertainties and other factors which may cause actual
results, performance or achievements, or other future events, to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include, among others,
the following risks: risks associated with marketing and sale of securities;
the need for additional financing requirements and access to capital, reliance
on key personnel; the potential for conflicts of interest among certain
officers or directors with certain other projects; the volatility of the volume
and price of the Common Shares, the failure of the business strategy, the
integrity of the Company’s patents and proprietary intellectual property and
competition. The Company cautions that the foregoing list of risk factors is
not exhaustive and is subject to change and there can be no assurance that such
assumptions will reflect the actual outcome of such items or factors. When relying
on the Company’s forward-looking statements and information to make decisions,
investors and others should carefully consider the foregoing factors and other
uncertainties and potential events, including the risk factors set out in the
Company’s Listing Statement. The Company has assumed a certain progression,
which may not be realized. It has also assumed that the material factors
referred to above will not cause such forward-looking statements and
information to differ materially from actual results or events.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS
NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS
NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS
SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT
RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT
TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME
EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.
SponsorsOne Inc.
(CSE: SPO.C) is a featured company on
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