Laser Network Announces Whitelist and Crowdsale Launch
Enabling blockchains to interoperate with each other, just as SWIFT enables foreign banks to interoperate with each other, Laser recently announced that it will bring together the thousands of blockchain networks that comprise the cryptocurrency ecosystem. Laser’s whitelist is now available on its website, and its crowdsale will officially launch on Monday September 3rd.
There are more than 1,800 cryptocurrency coins and tokens traded on the open market, which is more than ten times more currencies than the exactly 180 fiat currencies recognized by the United Nations. Fiat currencies can easily be traded for one another across borders through protocols such as SWIFT. But until now, there has not been any similar solution for cryptocurrencies. The Laser network was created to address this, by enabling the interoperability of all blockchain networks that have multi-signature capability.
Since its announcement in April, investors, finance professionals, and technology experts across the globe have been awaiting movement on the crowdsale for Laser’s proprietary cryptocurrency, the Photon. As of today, the whitelist has been made available on Laser’s website, with official details of the crowdsale released.
The sale is structured as an equity sale in the Cayman-based company Laser Technologies Inc., in which each share purchase will receive a “kicker” of one Photon token.
Shidan Gouran, President and CEO, Global Blockchain Technologies Corp., the company behind Laser, said, “We have received countless inquiries about Laser since we announced it back in April. Aside from doing for blockchain what SWIFT did for banking, it will be the perfect platform for DAPPs to be built, which can benefit from Laser’s capabilities. After crossing all Ts and dotting all Is with our securities counsel, we’re pleased to finally have this out of the gate, and one step closer to launching.”
Global Blockchain is the first publicly listed blockchain incubator and developer of North America’s largest Bitcoin mining company, co-founded by Shidan Gouran and Steven Nerayoff.
Ken Briodagh is a writer and editor with more than a decade of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.
Edited by Ken Briodagh
