Continued Advancements of Blockchain Technology Revitalizing Cryptocurrency Opportunities
PALM BEACH, Florida, November 14, 2018 /PRNewswire/ --
Financialnewsmedia.com News Commentary
The cryptocurrency market, a space with a market cap north of $180 billion, is still chugging along despite the recent subsiding of attention from the public. A lot of recent momentum has been fueled by the continuous investment in and improvement of Blockchain networks, as coins like Ethereum continue to trade north of $200. The value in these technologies lie in their future impact on the economy as they take aim at traditional transaction methods such as contract execution and international settlements. Optimism is particularly strong surrounding the basic idea of Blockchain in and of itself, as the technology has asserted itself as a staying power with notable influence. Active tech companies in the markets this week include Surge Holdings, Inc. (OTC:SURG), Ideanomics Inc. (NASDAQ:SSC), Xunlei Limited (NASDAQ:XNET), Overstock.com Inc. (NASDAQ:OSTK), BTL Group Ltd. (TSX-V:BTL) (OTC:BTLLF).
Surge Holdings, Inc. (OTCQB:SURG) BREAKING NEWS: Surge Holdings announced today that its wholly-owned software and technology subsidiary, Surge Blockchain, has completed development of the ERC-20 Surge Utility Token and has made available free tokens to all who sign up at http://www.surgetoken.com before the December 15 launch.
The Surge Token is an ERC20 compliant blockchain asset that can have value, be stored in a wallet, used for transactions and can be sent and received, like Bitcoin, Litecoin, Ethereum, or any other digital asset.
"The technology we've developed is soup to nuts, from the issuance of the reward tokens to requests for redemption to transmitting our ERC-20 token to Ethereum." Stated Chief Technology Officer, John Mott.
Tokens will be earned through purchases of Surge products and services or through incentivized activities such as automatic paycheck deposits to the SurgePays Debit Card or paying certain SurgePhone Wireless combo specials. Tokens can be redeemed for rewards and or stored in digital wallets.
The difference between Surge Tokens and standalone currencies like Bitcoin and Litecoin is that the Surge Token will piggyback on the Ethereum network, hosted by Ethereum addresses and sent using Ethereum transactions from a smart contract.
Surge Holdings Inc. CEO Brian Cox said "The underlying principle to the Surge business model is to drive revenue by bringing products and services to those who might otherwise not have access to them. This fits perfectly into our overall strategic plan for customer loyalty, enhancing the Surge ecosystem and overall corporate valuation." Read this and more news for SURG at : http://www.financialnewsmedia.com/news-surg/