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Press release content from ACCESSWIRE. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from ACCESSWIRE
Press release content from ACCESSWIRE. The AP news staff was not involved in its creation.

First Bitcoin Capital Corp Provides Alternative Blockchain for $Weed Currency Owners Via an Ethereum Erc20 Smart Contract: 2018 Year in Review

December 28, 2018 GMT
TEL AVIV, ISRAEL / ACCESSWIRE / December 28, 2018 / First Bitcoin Capital Corp (OTC PINK: BITCF) today begins providing an alternative vehicle to own and transfer WEED (COIN: WEED) tokens utilizing the Ethereum eco system. First Bitcoin Capital
TEL AVIV, ISRAEL / ACCESSWIRE / December 28, 2018 / First Bitcoin Capital Corp (OTC PINK: BITCF) today begins providing an alternative vehicle to own and transfer WEED (COIN: WEED) tokens utilizing the Ethereum eco system. First Bitcoin Capital

TEL AVIV, ISRAEL / ACCESSWIRE / December 28, 2018 / First Bitcoin Capital Corp (OTC PINK: BITCF ) today begins providing an alternative vehicle to own and transfer WEED (COIN: WEED) tokens utilizing the Ethereum eco system. First Bitcoin Capital originally generated WEED [1] (as a commemorative cryptocurrency that may be utilized to solve banking problems in the cannabis sector) on the Bitcoin Blockchain via the Omni protocols. While the Omni smart contract has proven to be a viable vehicle based on the success of Tether (COIN: USDT), the second most actively traded cryptocurrency, having a secondary means to hold, transfer and receive tokenized WeeD[2] presents more flexibility for ownership that opens the doors to additional crypto exchange platforms.

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No new WEED coins will be added to the total supply. The total supply on Ethereum mirrors the original supply on Bitcoin Blockchain, however, when an owner elects to convert their Omni tokens to Ethereum tokens 1:1 ratio (minimum 10000 tokens per conversion ) the surrendered tokens will be held in trust, only to be used if/when an ERC20 weed token holder elects to reverse swap their ERC20s to Omni tokens.

The ERC20 weed contract can be read here:

https://etherscan.io/token/0xb2930de1808e7b1c5369ca24df4996c1ad1f3440#readContract

First Bitcoin Capital expects to witness additional WeeD token listings emerge on crypto exchanges, utilizing the ERC20 version in early 2019. We also anticipate adaptation of WeeD as a medium of exchange to solve some of the banking problems vexing the Cannabis industry in 2019. Through our recently launched 420WiFi proximity marketing for cannabis dispensaries business, we plan to begin capitalizing on the loyalty program opportunities presented therein utilizing $Weed coins as a means to gain greater customer satisfaction.

A precedent has successfully been set for allowing a cryptocurrencies to trade on various exchanges under two separate blockchains. MobileGo (COIN: MGO), for example, trades on crypto exchanges throughout the world as both an Ethereum Blockchain ERC20 token and a Waves Blockchain token.

Holders of Omni WEED tokens wishing to convert their holdings to the ERC20 version (WeeD) should email their requests toproviding the address in which their Omni weed tokens are held together with the ETH wallet address to which they wish their ERC20 WeeD tokens sent.

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2018 Year in Review

To our shareholders,

We are extremely proud of the milestones we achieved during the year 2018. Each milestone represents the dedication to the work our team provided throughout each project.

During the year, First Bitcoin Capital Corp:

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