Tel Aviv, Israel -
Tel Aviv, Israel, December 04, 2017, /OTCmarkets/, First Bitcoin Capital Corp (OTCMARKETS: BITCF) (NASDAQOTH:BITCF) (COIN:BITCF), global developer of industry specific Blockchain powered applications, (the "Company") announced today the creation of Catalan Coin (XAT) that celebrates Catalonias independence.
While the duly elected Parliament of Catalonia which constitutes the Catalan Republic, as an independent, sovereign, democratic, social State under the rule of law has been denounced by the Kingdom of Spain, we believe that Catalonians desire and have a right to commemorative coin.
The Token Generation Event took place on the Bitcoin Blockchain utilizing the Omni Layer protocols to create this new coinage. The Event is described as, Catalan Coin (XAT) commemorates the 2017 Catalonian Declaration of Independence.
The crypto minting of this new digital currency may represent a first in history where a cryptocurrency is created that could in fact become a legal tender of the worlds next nation. This projection is due to First Bitcoin setting aside 99% of total coins (92,233,720,368) generated to be placed into a separate wallet to be transferred to the e-treasury of Catalonian Republic upon their official request when, whether, in power, or in exile. See: https://omniexplorer.info/lookupsp.aspx?sp=333
While this event marks the companys first philanthropic gesture, should this new coin gain any success, we stand to profit from retaining922,337,203 Catalan coins, if active markets emerge for this unique cryptocurrency.
About First Bitcoin Capital Corp
First Bitcoin Capital Corp (OTC: BITCF) (NASDAQOTH:BITCF) (COIN:BITCF) is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange - www.CoinQX.com (in Beta). We see this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex Blockchain technologies and in developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company, provide our shareholders with a prolific assortment of diversified exposures to digital cryptocurrencies and blockchain technologies.
About Catalan Republic
The Catalan Republic (Catalan: Repblica Catalana, Spanish: Repblica Catalana, Occitan: Republica Catalana) is a secessionist unrecognized state that was declared in Catalonia on 27 October 2017. The Parliament of Catalonia unilaterally declared independencefrom Spain amid a constitutional crisis over the 2017 Catalan independence referendum. Shortly thereafter, the Spanish Senate triggered Article 155 of the Spanish Constitution.[5] Under Spanish law this granted the prime minister, Mariano Rajoy, authority to dismiss the Executive Council of Catalonia, dissolve the Parliament of Catalonia and call a snap regional election for 21 December 2017. In response, Carles Puigdemont, President of the Generalitat of Catalonia, stated that only parliaments could elect or remove governments in a democratic society and asked Catalans to "democratically oppose" the enforcement of Article 155.
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company's filings, which are on file at www.OTCMarkets.com.
SOURCE: First Bitcoin Capital Corp.
Contact us via: info@bitcoincapitalcorp.com or visit http://www.bitcoincapitalcorp.com
