WATERLOO, ON / ACCESSWIRE / January 30, 2018 / SponsorsOne Inc. (CSE: SPO) (5SO.F) (the "Company"), has developed the SponsorsCloudTM platform to support the SponsorCoin, the world's first scalable, digital cryptocurrency for social networks. Smart contracts, between brands, consumers and influencers, which automatically determine compensation for authentic social engagement are backed by SponsorCoins. SponsorsOne is pleased to announce that the SponsorsCoin digital wallet will now facilitate the automatic, real-time conversion of SponsorCoin into Bitcoin, Ethereum and many other popular cryptocurrencies that trade internationally.
"Providing liquidity outside the SponsorsCloud for our Brand Communities has always been our goal," states Myles Bartholomew, CEO of SponsorsOne. "The conversion will be 100% cash backed and as an audited public company the cash held in reserve will be fully reported on our balance sheet."
The SponsorCoin digital wallet will show, in real time, the exchange value of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Dash and other currencies based on the current exchange prices around the world. With one click users can exchange their SponsorCoins into any of the supported blockchain crypto-currencies.
Each exchange is supported with USD or CAD held on SponsorsOne's balance sheet in a segregated account and reported quarterly through an audit report. This cash reserve is built up from the revenue generated through successful marketing campaigns that lead to sales directly with brands that contract with SponsorsOne. SponsorsOne earns 20% of revenue generated from brand sales and will set aside 10% (2% of sales) of revenue as a cash reserve. Exchanged SponsorCoins will be returned back to SponsorsOne's account for allocation back to the contracted brands supporting further smart marketing campaigns and ongoing revenue generation.
SponsorsOne is positioned to become a leader in the next evolution of social digital marketing and crypto-commerce with the SponsorsCloud TM platform and its highly scalable digital - smart contract based crypto-currency called SponsorCoin. Combined, this allows contracted brands to build and manage their own proprietary and highly engaged communities of influencers within the social realm. The SponsorsCloudTM platform allows for data driven marketing campaigns that will change the way brands connect to their customers and compensate the consumer for authentic engagement using the SponsorCoin digital crypto-currency. SponsorsCloud TM and SponsorsCoin are tools for brands to inspire real movements around their products and services in which their most valuable customers become their best salespeople, producing far greater ROI than current social media advertising methods.
ON BEHALF OF THE BOARD
Gary Bartholomew, Executive Chairman
To learn more please visit www.sponsorsone.com.
The Canadian Securities Exchange ("CSE") has neither approved nor disapproved the contents of this Press Release.
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SOURCE: SponsorsOne Inc.