Ethereum Blockchain Strategic Alliance for Asset Backed Crypto - Tokens
Guyana Goldstrike Inc. (GYA.V) announced its membership in the formation of an Ethereum Blockchain Strategic Alliance for Gold and Silver asset backed crypto-tokens.
Purpose of the Alliance
The members of the Alliance seek to collaborate for the purposes of future offerings of crypto-tokens and potential future initial token offerings. The offerings may be backed by gold and/or silver forward delivery, using gold and/or silver royalty streaming and other asset backed models, for the purposes of developing future financing models for funding future exploration, feasibility studies, mine development and/or mine expansion, by its member companies.
Discussions are also underway with additional parties, who are looking to join the Alliance as members, and updates will be provided as the Alliance membership grows.
The basis of the Alliance is to also increase the trust associated with any future issuance of Ethereum Blockchain Smart Contract Crypto-Tokens for Gold and Silver, as an alternative means of raising capital, potentially without equity dilution. As previously advised, the Company has secured exclusive rights to 6 (Six) Ethereum Crypto-Token domain names, ticker codes, and associated smart contracts, for Gold and Silver commodity backed crypto-tokens. These may be used by the Alliance members, and progressively issued in any future ITO, using the models and associated intellectual property, developed by the Company.
Peter Berdusco, CEO and President stated “Guyana Goldstrike is extremely pleased to be a part of the Ethereum Alliance. It potentially provides the company with a new method of funding via an exciting and rapidly emerging crypto-token market. Given the fact that our Marudi Gold Project has an established mining license and recently announced mineral resource estimate, the timing couldn’t be more ideal. The Alliance gives us the opportunity to further advance the project in a manner that may minimize shareholder dilution and maximize exposure to new investors in this growing marketplace.”