PressCoin Update: PressCoin Journey Begins With Meeting Of Core Team

For the past 10 days PressCoin’s global operational team has been meeting to plan the next stages of the PressCoin journey.

PressCoin team members from the US, France, India and the UK met to discuss the technical and business development roadmap for the PressCoin project.

Significant progress has been made in planning out our work program, and we hope to be able to make some exciting announcements shortly, including information on the timing and release of initial products.

Changes to the leadership team are also underway. We are close to finalising the team and expect to make an announcement on this next week.

The PressCoin Team

PressCoin Update: Building the world’s first decentralised media ecosystem

Dear PressCoin Supporters,

Thank you for your support of PressCoin. Thanks to you we closed the PressCoin ICO in the third week of January, having raised $24.8m.

We are now moving ahead, armed with a mandate from people all over the world who want to see a truly independent media ecosystem.

While our initial success is inspiring, we are conscious of the responsibility now before us. We will now be able to accelerate the adoption of our decentralised media platform ecosystem.

PressCoin will support groundbreaking investigative journalism, track political candidates and encourage participation in elections; create engaging multimedia news; and foster local and citizen-powered journalism.

We will focus for the next few months on initiatives which utilise NEWS tokens to mobilise positive action in the world. Our goal is to help move news publishing from simply commenting on the world’s challenges, towards revealing concrete pathways to real solutions, led by communities for communities.

This will not be easy. We’re the first to attempt to establish a decentralised, networked, global media ecosystem.

We are proud and humbled by this start. PressCoin is the largest ever crowd-sale funded attempt to address the news crisis. We will keep you all posted on our progress in coming weeks and months.

Before we go into our plans a little further below, some important housekeeping announcements for those of you who purchased NEWS tokens.

CHECK YOUR TOKENS – DO YOU HAVE THEM?

Some token buyers are yet to receive tokens. This could be because you still need to set up your cryptocurrency wallet (to hold your tokens), or because you have not completed KYC (a requirement for bank transfer/paypal payments only). If you are unsure about next steps, and/or haven’t yet received tokens, please make sure you get in touch with us via  support@presscoin.com.

TOKEN TRADING –EMBARGOED FOR 28 DAYS

The NEWS token has been listed on the CointypeX exchange, our partner platform. We have however restricted trading for 28 days, starting from the date of closure of the ICO. We have done this to avoid unnecessary volatility, to give the token a chance to settle in the market. After 28 days the restriction will be lifted, and you will be free to trade your NEWS tokens. Trading will begin on the 16th February 2018.

WHAT’S NEXT

It’s exciting that we’ve got this far, but our work is just beginning. The PressCoin team is busy tightening up operational and governance structures, shifting gears from ICO mode, to building mode.

In coming month we will continue the build of underlying utility infrastructure, the systems to enable partner platforms and publishers to join the PressCoin universe. PressCoin will enable all-comers to make use of NEWS tokens to fuel good journalism and community empowerment initiatives.

We have two initial focuses:

  1. core infrastructure to power the PressCoin crypto-economy, for readers, for creators, for platforms and publishers;
  2. two of our flagship platforms – INSURGE, a global intelligence platform and social action network, and NextElection, a new town hall that brings together politicians, journalists, and citizens.

Both initial platforms recognise the media’s role as watchdog in the public interest – not just speaking truth to power, but enabling and empowering the people to do so.

We will also complete our evaluation process for partnerships with other businesses. Our infrastructure will be open to any organisation that wishes to support the production of independent, high quality media, so long as they adhere to PressCoin’s protocols.

Once again, thank you so much for your interest in the PressCoin ICO, and for making this endeavor such a success. Now, it’s time to roll up our sleeves and get to work.

The PressCoin Team

NEWS Token Sale and Listing Update

Token Sale Update

PressCoin Plc. is delighted to report on it’s NEWS token sale which concluded 18th January. Over the 39 days of the sale USD$24.89 Million was raised through the sale of NEWS tokens.

A total of 51.46 million tokens have been issued, including bonuses. All other tokens will be burned. 7 million of these tokens are reserved for employee and management incentives, to be granted with a vesting period of 4 years.

Exchange Listing Update

NEWS tokens will be listing today on the CointypeX exchange. NEWS will be tradeable in the following currencies:  ETH, BTC, LTC, DASH, USDT and USD.

ICO participants will be able to trade their tokens 28 days after the close of sale.

Important Information For ICO Participants

ICO participants who purchased via PayPal or Bank Transfer are required to complete Know Your Customer (KYC) identification before they receive their tokens. Also, many crypto participants are missing transaction details which need to be updated.

By the end of this week a personal PressCoin profile page will be set up for everybody who registered for the ICO.

NEWS Is A Utility Token

As a reminder, the NEWS token became a pure utility token during the sale. See details here about why we made this change.

Watch out for further updates on PressCoin.

A $100 Billion Crypto Economy To Help Save Democracy And Freedom – Part 3 of 3

[Editor’s Note: This is the third email of three sent to PressCoin’s thousands of subscribers over this, the penultimate weekend of the PressCoin ICO. The series of three emails updated prospective purchasers in the NEWS token sale on the big picture for PressCoin as we enter 2018, the year that cryptocurrencies are expected to mature.]


Dear PressCoin Subscriber,

Good morning and happy Martin Luther King Day!

Here in the U.S.A. today we are having a holiday to celebrate the birthday of the legendary civil rights campaigner. Its a good day to reflect on the importance of functional democracy, and the role of freedom of speech in defending freedom.

In this, the third and final part of this email series I discuss how PressCoin Plc. – as a technology company – will build value for NEWS tokens. ( See previous parts here >> Email One >> Email Two )

For PressCoin, the goal of restoring a free news media to prosperity is fully aligned with the goal of strengthening democratic institutions.

“A crypto-economy for a new independent news media,” is one of the key phrases we have used over the past five weeks to help communicate the full scope of the PressCoin project.

What makes PressCoin different from most technology ICOs is that PressCoin’s business solution is this new economy for a decentralised global news industry. An economy which will  transact internally using the NEWS currency.

And it’s for this reason that in the coming few months – as soon as the ICO ends – you will see our NEWS crypto-economy get rapidly underway.


[Skip This Bit If You Are A Crypto Expert – Background #1: NEWS is a “utility token”, an expression which is often misunderstood. BTC, BCH, DASH and ETH are also utility tokens – and what this means is that they can be used as a means of exchange, to buy and sell goods and services, or to transfer money.  That being said, right now most of the trades across all cryptocurrencies are not for goods and services, the vast bulk involves buying and selling different cryptocurrencies – and over the past six months – the volumes of trading have been driven in part by the explosion of the ICO market.  Scroll to the end to see another note explaining how capped cryptocurrencies are different from regular currencies – and why they can grow rapidly in value.]


Disruptive $100 Bln Crypto Ecosystem For Global News, Using Blockchain to Compete With Titans – Coin Telegraph – 28 Dec. 2017

A Transactional Economy From Day One

PressCoin’s NEWS token is the native currency of the PressCoin crypto-economy:

  • From February PressCoin will begin selling products and services in NEWS tokens.
  • PressCoin’s SAAS software products will be priced and sold in NEWS.
  • Participants in PressCoin’s planned content, traffic, advertising, subscriptions and services markets will transact in NEWS.
  • Readers who engage with publishers using PressCoin’s blockchain engagement technologies will be rewarded for their contributions in NEWS.
  • Readers and supporters who wish to support PressCoin projects will be encouraged to do so using NEWS.
  • And NEWS will also be used to pay PressCoin’s staff including writers, photographers, developers and designers.

All this is possible because of PressCoin’s association with a new Fiat/Crypto Exchange – CointypeX – which will be listing NEWS shortly after this ICO ends on 22nd January. We are finalising the date now and will let you know as soon as it is locked in. We are also in discussions  with several other exchanges for additional listings.

Continue reading A $100 Billion Crypto Economy To Help Save Democracy And Freedom – Part 3 of 3

A Platform Giant Hits Turbulence Confirming PressCoin’s Perfect Launch Timing – Part 2 of 3

[Editor’s Note: This is the second email of three sent to PressCoin’s thousands of subscribers over this, the penultimate weekend of the PressCoin ICO. The series of three emails updated prospective purchasers in the NEWS token sale on the big picture for PressCoin as we enter 2018, a year that cryptocurrencies are expected to mature.]


Dear PressCoin Subscriber, Hello again.

In my email yesterday I updated you on the PressCoin ICO which is closing soon.

We will be announcing the listing date shortly!

Today I want to talk about the PressCoin opportunity, as it is presented right now. News industry developments over the New Year mean our launch timing is looking pretty sweet.

To recap, PressCoin is much more than a run of the mill ICO. It’s the initial funding round for an ambitious technology platform to build solutions for a news industry suffering from acute market failurePressCoin’s economic stimulus approach to resolving the news crisis provides crypto buyers an opportunity to participate in a new cryptocurrency, NEWS, which will power a projected $100 Billion crypto economy for independent news.

Our ICO launch over the past five weeks – during a period when the entire world’s eyes were focused on the boom in cryptocurrencies – has been a perfect opportunity to showcase our project to the attention of the global market we will be targeting in 2018 and beyond.

How Facebook Will Rule The World In 10 Years– INSURGE Intelligence 29 December 2017

A Platform Giant Hits Turbulence

On December 29th PressCoin launched its INSURGE Intelligence investigative news platform into alpha with an article revealing previously unreported Facebook ties to the military industrial complex. The investigation detailed how the links pose a significant threat to global democracy, possibly a greater threat than the fake news epidemic which has been getting all the attention.

Six days later in a New Year’s message, Facebook founder Mark Zuckerberg promised to dedicate his efforts in 2018 to fixing flaws in the Facebook platform. Zuckerberg also announced Facebook is considering investing in cryptocurrencies.

Continue reading A Platform Giant Hits Turbulence Confirming PressCoin’s Perfect Launch Timing – Part 2 of 3

PressCoin’s Exciting Crypto-Economy To Safeguard A Free World – Part 1 of 3

[Editor’s Note: This is the first email of three sent to PressCoin’s thousands of subscribers over this, the penultimate weekend of the PressCoin ICO. The series of three emails updated prospective investors in the NEWS token sale on the big picture for PressCoin as we enter 2018, the year that cryptocurrencies are expected to mature.]


Dear PressCoin Subscriber,

PressCoin is a cryptocurrency project to address a wicked problem: the two decade long failure of the news industry to transition into a workable digital business model.

PressCoin is building new global markets, which trade in the NEWS currency, to service a crypto-powered news industry retrofitted with a raft of new revenue models. To accelerate this transformation, we will provide news companies with fit-for-purpose, omni-channel, state-of-the-art cloud based publishing solutions.

This forms the first version of what we call the PressCoin Operating System, and once assembled it will provide a boost of technological and financial infrastructure to an industry which is experiencing acute digital disruption. Along the way we hope to begin to heal the damage the failure of the fourth estate is doing to democratic institutions.

NEWS tokens is an opportunity to purchase a new global currency in its earliest stages, whilst supporting solutions for a critically important part of the world’s constitutional system. You can read more on PressCoin‘s plans to fix the news business in this new Coin Telegraph article, published today.

– Coin Telegraph, 12 Jan. 2018
 

Continue reading PressCoin’s Exciting Crypto-Economy To Safeguard A Free World – Part 1 of 3

Facebook Will Rule The World In 10 Years – Unless We Stop It

Very occasionally a moment arises when the actions of a small organized group of people can achieve significant important change. Today you are invited to be part of one of those moments.

This page is being used to coordinate a social media response to the PressCoin powered INSURGE Intelligence investigation into the potential for Facebook to be used by national governments and other actors to interfere with elections all over the world.

If you haven’t yet read >> “Facebook Will Rule The World in 10 Years” < < click here, or on the screenshot below and have a read. Then once you have done so – please come back here.

 

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Sometimes News Requires Public Action – This Is One Of Those Moments

In paragraph 5 of his investigation, INSURGE Founder and Editor Nafeez Ahmed calls for a public movement to act now to prevent Facebook from achieving a position of total “information domination” in public discourse.

“This story is a call to action. A call on citizens, technologists, philanthropists, journalists and beyond to take action to disrupt our current path to a dystopian, monocultural future.”

If Facebook achieves its goal of connecting almost everyone in the world it will become too useful for governments to consider regulating, a prospect that could fatally undermine democracy.


YOUR CALL TO ACTION HELP US SHINE THE LIGHT ON THIS DANGER

1. Please Share This Story About Facebook & Other Social Media

One of the most effective methods through which dominant media can tip the scales on matters of great importance, is to simply ignore them.

This is where we need your help to change the news script. And what we want you to do, dear readers, is really simple.

We simply want you to share the INSURGE “Facebook Will Rule The World in 10 Years” article on Facebook. And then if one of your friends shares it too, we want you to like their post and comment on it and spark a discussion. Hopefully if this story gets sufficient traction it will become impossible for the rest of the media – and then Facebook itself – to simply ignore it.

The easiest way to do this is to click on the share links on the INSURGE Intelligence story page while you are logged in to Facebook or Twitter.

 

Altenatively you can compose a post of your own alongside the link https://www.insurgeintelligence.com/deep-state/2017/12/23/facebook-a-danger-to-democracy – our use one of our prepared: >> texts < < and/or >> shareable images < <

Continue reading Facebook Will Rule The World In 10 Years – Unless We Stop It