SAN JUAN, PUERTO RICO, July 24, 2020 (GLOBE NEWSWIRE) — SAN JUAN, PUERTO RICO, July 24, 2020 (GLOBE NEWSWIRE) — by way of NEWMEDIAWIRE — BOTS, Inc. (OTC: BTZI) (EXCHANGE: M06.SG), an rising innovator of merchandise, applied sciences, and providers for the quickly rising digital robotic automation and manufacturing business introduced as we speak that it’s within the means of repurposing and renaming FIRST BITCOIN (COIN:BIT) into the “Basic Income Token” whereas retaining “BIT” because the digital foreign money’s image.
There’s a rising demand for a socialistic Common Fundamental Revenue scheme within the United State of America heralded by former presidential candidate Andrew Yang, nonetheless, our capitalistic idea is to ship an asset to our shareholders that produces earnings just by maintaining their wallets opened. The extra wallets that stay open, the safer the cryptocurrency turns into. This “income” will self-generate BITs 24/7 by way of Proof of Stake Mining (POS) protocol. As soon as we now have lots of of our 10s of 1000’s of shareholders maintaining their wallets open, the blockchain turns into exceptionally safe.
Bots, Inc. and First Bitcoin Capital (OTC:BITCF) are working carefully collectively to make sure a seamless transition of this main asset consisting of billions of BITs. As soon as the title of BIT is modified to Fundamental Revenue Token, Bots Inc. intends to distribute 1 BIT for every share of Bots Inc. to be held on a report date to be set for distribution as quickly as August 30, 2020.
This asset is solely one cryptocurrency of a bigger stock of greater than 100 distinctive digital cryptocurrencies acquired from and beforehand owned by First Bitcoin Capital Corp. Essentially the most vital of the transferences of those cryptocurrencies to Bots Inc., included, however was not restricted to, the bulk possession of First Bitcoin (COIN:BIT), a cryptocurrency based mostly on a novel blockchain just like an improved model of Litecoin, This coin trades on Livecoin.web with BIT included on the premier web site for monitoring of cryptocurrencies by way of https://coinmarketcap.com/currencies/first-bitcoin/
Moreover BOTS, Inc. along side First Bitcoin Capital has generated managed items of a newly minted cryptocurrency based mostly on Bitcoin’s blockchain using the Omni protocols additionally utilized by Tether (COIN:USDT) in an effort to alternatively fulfill Yang’s imaginative and prescient, outlined as follows:
“Universal Basic Income (COIN:UBI) commemorates the presidential candidate Andrew Yang’s plan for distributing $1000 per month per citizen so that each world citizen is entitled to 1000 UBI per month upon request from Bots, Inc.”
“Those whom request this monthly UBI distribution will be required to cover Bots’ nominal Bitcoin transference costs and both Bots and First Bitcoin Capital will share in a 1% transference fee to be earned in kind. We will develop unique bots that will handle the inclusion of each requesting world- citizen wishing to use our automation in order to handle the sign ups and transfers” acknowledged newly elected Firm Chairman, Simon Rubin.
The creation of “UBI” which is below the administration of Bots Inc and First Bitcoin Capital may be witnessed right here:
About First Bitcoin Capital Corp
First Bitcoin Capital Corp (OTC:BITCF) is the biggest shareholder of Bots, Inc. because of exchanging the vast majority of its property therefor, however started creating digital currencies, proprietary blockchain applied sciences, and the digital foreign money exchange – www.CoinQX.com (in Beta) in early 2014. We noticed this step as an incredible alternative to create additional shareholder value by leveraging administration’s expertise in creating and managing advanced blockchain applied sciences and in creating new kinds of digital property. Being the primary publicly-traded cryptocurrency and blockchain-centered firm, we offer our shareholders with diversified publicity to digital cryptocurrencies and blockchain applied sciences.
The Firm started creating its personal blockchain and cryptocurrency referred to as First Bitcoin (COIN:BIT) in 2016. Previous to transferring the vast majority of this asset to Bots, Inc., the Firm up to date the BIT pockets and added extra performance. Customers are capable of generate BIT by the processes of POW and POS mining. The First Bitcoin (COIN:BIT) cryptocurrency has a present provide of 20,707,629,255 BIT. It’s presently buying and selling on LIVECOIN.web with its explorer at www.explorer.bitcf.web.
Contact us by way of: [email protected] or go to www.firstbitcoin.io
comply with us on Twitter; @1stBitCapital
comply with us on Linkedin: https://www.linkedin.com/firm/first-bitcoin-capital-corp/
comply with us on FaceBook: https://www.fb.com/BITCF/
About BOTS, Inc.
Headquartered in San Juan, Puerto Rico, BOTS, Inc. – publicly traded on the OTC Markets below the image (BTZI) and on Börse Stuttgart below ticker (M06.SG) – is a diversified firm creating and servicing blockchain options and robotics for its clientele. The Firm is dedicated to drive the improvements wanted to form the way forward for digital robotic automation administration by digital expertise and decentralized blockchain options. Administration is devoted to the robust development of Distributed Asset Know-how and Robotic Course of Automation (RPA).
Bots, Inc. has been featured in media nationwide, together with CNBC, Bloomberg, TheStreet.com. For extra info, go to http://www.bots.bz
Go to us on Fb @ https://www.fb.com/Bots.Bz/
Observe us on Twitter @Bots_bz
Sure statements contained on this press launch may represent “forward-looking statements.” Ahead-looking statements present present expectations of future occasions based mostly on sure assumptions and embody any assertion that doesn’t instantly relate to any historic or present reality. Precise outcomes may differ materially from these indicated by such forward-looking statements because of numerous essential components as may be disclosed in firm’s filings. Along with these components, precise future efficiency, outcomes, and outcomes may differ materially due to extra normal components together with (with out limitation) normal business and market circumstances and development charges, financial circumstances, and governmental and public coverage modifications. The forward-looking statements included on this press launch signify the Firm’s views as of the date of this press launch and these views may change. Nevertheless, whereas the Firm may elect to replace these forward-looking statements sooner or later sooner or later, the Firm particularly disclaims any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing the Firm’s views as of any date subsequent to the date of the press launch. Such forward-looking statements are dangers which might be detailed within the Firm’s web site and filings.