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Ammbr Partners with Global Blockchain for Network Development and Public Crowdsale

DGAP-News: Global Blockchain Mining Corp. / Key word(s): Miscellaneous

23.10.2018 / 06:01
The issuer is solely responsible for the content of this announcement.


Singapore-based Ammbr, which develops a distributed 'wireless mesh' internet access network, including the corresponding hardware solutions, has partnered with Global Blockchain Mining Corp. to launch its crypto asset, the AMR token, and administer its public crowdsale. The AMR token will be the official currency of Ammbr's network protocol, which acts as a distributed internet service provider. The public crowdsale will be hosted on the Singularity exchange , and is presently set to begin in December.
 

Vancouver, British Columbia--(Newsfile Corp. - October 23, 2018) - GLOBAL BLOCKCHAIN MINING CORP. (CSE: FORK) (OTC Pink: GBCHF) ('FORK' or the 'Company') announces that it has partnered with Ammbr Foundation Pte. Ltd. ('Ammbr') to launch its AMR crypto asset, and conduct its public crowdsale on Singularity (https://singularity.exchange). Ammbr has developed a network protocol which provides 'wireless mesh' internet access using a distributed network of routers, creating a democratized and trustless internet service provider equivalent. It has also developed three different router products, including a portable router, an in-home router, and a solar-powered outdoor router. The AMR crypto asset will be the Ammbr network's official currency, as a means of providing access to the network, as well as facilitating transactions on it.

The public crowdsale for AMR, which is set to begin in December, follows its private sale, which has been successfully completed. Participants in the public crowdsale can purchase AMR using any asset that is traded on the Singularity Exchange, owned and operated by Global Blockchain Technologies Corp., FORK's sister company. As of this writing, 400,000,000 AMR tokens will be available in the public crowdsale, which will be priced at US $0.025 each. The total issuance of AMR tokens is 2,000,000,000 units. In exchange for its advisory and crowdsale administration services, FORK will receive 241,550,000 AMR tokens, as well as 10% of all proceeds from the public crowdsale. The Company will also operate nodes on the Ammbr network, which are positioned to generate consistent revenue. The expected launch date of the Ammbr network will align with the 2019 Mobile World Congress (February 25 to 28 in Barcelona), at which Ammbr and FORK will have presence.

'The versatility of wireless mesh networks like Ammbr's network is incredible', said Shidan Gouran, President and CEO of the Company. 'It is widely used by the US military, and even Google is incorporating it into its wireless home products. In the first world, we take for granted how readily available the internet is. Wireless mesh networks will improve internet accessibility in regions where this is not the case, which will translate to social, environmental, and economic impact in developing regions. By using a blockchain network to manage Ammbr's network with its own cryptocurrency, this version of a mesh network will be scalable and sustainable, with easy setup using Ammbr's plug-and-play network hardware.'

FORK Chairman Steve Nerayoff added, 'According to the World Bank, more than 76% of the US population uses the internet. However, if you compare that to regions such as sub-Saharan Africa at 19.84%, it is easy to see that much of the world is yet to benefit from the abilities of the internet as a widely available resource. Since wireless mesh networks can spread internet connectivity more evenly within a given region, Ammbr's network will be positioned to bring significant changes to many parts of the world. With blockchain technology at the network's foundation, it can be rapidly built, scaled, and incentivized. Combining the abilities of our team and Ammbr's hardware development expertise, this partnership will make a large-scale wireless mesh network a near-term reality.'

'FORK is our ideal partner for this undertaking, because their team is just as versed in communications as they are in blockchain', commented Derick Smith, founder of Ammbr. 'There are not many people who have had the kind of influence on telecom and wireless technology that members of FORK's team and advisors have. While blockchain is the current focus, Ammbr is primarily about wireless networking. Given that FORK will be able to approach our integration of blockchain technology into wireless mesh networks with a 360-degree view of all of the technologies involved, we foresee this going very smoothly, with some impressive launch to be seen at Mobile World Congress.'

Demonstrations of Ammbr's technologies will be available in FORK's private suite at CES 2019 in Las Vegas. Interested parties may contact FORK to arrange an invitation.

For more information about Ammbr, please visit www.ammbrtech.com.

On behalf of the Company:
Shidan Gouran, President and CEO
info@globalblockchain.io

For more information please contact:
Global Blockchain Mining Corp. Investor Relations
ir@globalblockchain.io

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

Forward-Looking Information: This news release includes certain statements that may be deemed 'forward-looking statements'. The use of any of the words 'anticipate', 'continue', 'estimate', 'expect','may', 'will', 'would', 'project', 'should', 'believe' and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed onthe forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Click on, or paste the following link into your web browser, to view the associated documents http://www.newsfilecorp.com/release/40554


23.10.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Global Blockchain Mining Corp.
Canada
ISIN: CA37958L1076


 
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