There is a PressCoins ICO opening on Sunday, 10th Dec 2017 in San Mateo, California which is the most significant crowdfunded plan for sovereign news media ever endeavored. This is an important attempt to revive the lost trust of the media all over the world where it has caused even democracies to fail.
For those people who like to participate in the ICO trading various cryptocurrency coins, here is some good news for you. There is a PressCoins ICO opening on Sunday, 10th Dec 2017 in San Mateo, California which is the most significant crowdfunded plan for sovereign news media ever endeavored. This is an important attempt to revive the lost trust of the media all over the world where it has caused even democracies to fail.
Within the last decade, many efforts have been put in place to try to rectify the news status but all in vain as they have failed terribly. PressCoin says it has the hopes as it is different from other platforms in that it is built on the initial design to promote growth organically and virally to heal the illness killing the news industry globally. PressCoin is underway to issue a new cryptocurrency called the ticker NEWS through crowd sale in the form of shares in new investment. The company has it Headquarters in the UK, but has branches in other countries like the US, India, France and currently in New Zealand.
The PressCoin PLC co-founder Amit Rathore has reported that they are building an infrastructure to share business services, share cryptocurrency services and reliable reference platforms that
will promote efficiency and positive network response that will resolve all the issues facing the news industry today. Rathore was born in India but currently residing in where he works for Crypto-Fintech and Venture Capital. He has a vast knowledge of high-tech media technology cloud software also known as the Quintype and the crypto or fiat banking and trading also known as the CointypeX. He is the co-founder of both companies and has also participated in massive Internet e-commerce.
The company has support and efforts from various stakeholders in the news industry such as leading journalists, enthusiasts groups of volunteers and some willing corporate-banking friends. His main aim is to bring Crypto and News worlds on a single platform. The Initial Coin Offering was launched on Monday 11th dec and will run for four weeks. The PressCoin launch will join other ICOs that started previously in July this year. For those who have are not aware, an ICO is the creation of a new virtual cryptocurrency and selling it to the public in an open market the same way as the selling of new company through the Initial Public Offering (IPO). The only difference with the ICO is that it requires the investment to be paid in the current cryptocurrency that is existing.
These ICO have injected billions over the past few months through these new technology firms which have increased the value of the cryptocurrency economy.
Differences of PressCoin From other ICOs:
PressCoin has the support of a public limited company. It is issuing its stock to finance every single ICO token. Ever News token will represent a share in the company, and all eligible holders of this share will be able to receive dividends. They have made all the necessary legal requirements to accept the Fiat money investment and cryptocurrencies where Fiat shareholders will be under the local jurisdiction of where they dwell. The company will be liquid and ready to trade as soon as the crowd sale is completed.
Rathore said that social media platforms had risen tremendously collapsing advertising industry and also the rise of an avalanche of click-bait firms acting as news corporations thus destroying the reputation of the news and democracy. This is where Rathore sees this as a business opportunity for someone to take the opportunity of this fragmented and bewildered news industry. He says its a good chance for PressCoin to create an alternative media ecosystem that is owned by the public to serve them. A platform built on cooperation principles, the integrity of operations and partnership. The platform will be accessible globally, open to all, unbiased and unfiltered and moderated by the people by the people to and based on Blockchain.
This effort will revive the industry and build scalable trust networks which will enable all the participants to work together to revive revenue generating streams and creating wealth. PressCoin is
also committed to eliminating rivalry and unhealthy competition within the current media systems that hinder the efforts of finding and fighting the true enemy. If applied well in rewarding and providing real exchange value to the stakeholders who are the investors, editors, readers, inventors, entrepreneurs, subscribers, technologists and all the participants from different fields, the PressCoin eco-system will have a great benefit over the conventional media strategies.
PressCoin ICO is powered by already established blockchain, the cryptocurrency and a strong investment arm which will steer the ecosystem to create a reliable network of a new era of journalism and media news companies that will revolutionize the way media economy works. PressCoin has readily invested in major firms that are in different stages of development to boost their efforts.