ShaktiCoin Issues Note of Caution to Public Clarifying Who Can Have Access to Shakti Coins

Stocks and Financial Services Press Releases Friday April 12, 2019 16:23
BERKELEY, California--12 Apr--PRNewswire/InfoQuest
  • The registration to mine the Shakti Coins will be opened country-by-country in the days to come and Shakti Coins are not available for purchase

The Swiss Shakti Foundation issued today a note of caution to the public announcing there is no imminent initial coin offering (ICO) of Shakti Coins. Early adopters should not be fooled by any individuals or entities claiming to have access to Shakti Coins for purchase. Shakti Coins can only be mined. Therefore, no coins are available to be purchased from anyone.

The registration to mine the Shakti Coins will be opened on a country-by-country basis in the days to come. A limited number of power mining licenses will be available to active miners in proportion to population. For instance, India, China and the U.S. will have equivalent numbers of power miners in proportion to their population and made available on a first-come, first-serve-basis.

ShaktiCoin encourages the enthusiasm surrounding Shakti Coins but wants to encourage everyone to pay attention to the details and avoid purchasing fake coins.
The Shakti ecosystem is engineered to hold a stable value of USD 5.00. Therefore, there is no possibility or opportunity for pump and dump plotters.
Distributed Mining Ownership

The Shakti Network will always be 100 percent owned and operated by the public. Any person or entity can participate as a node operator (miner) of the Shakti Network. The Shakti Foundation has preserved Satoshi's singular mandate of inserting ownership within the hands of the node operators. The mining of Shakti Coin is democratically distributed across the world and reinforced by node operation at the rate of one node license for a natural person. The Berkeley, Calif. office has the mandate to achieve regulatory compliance and ensure fair allocation of nodes (miners) worldwide.

The PoE protocol replaces Bitcoin's power-hungry protocol without compromising on security. For example, a computer dedicated to mine Shakti Coin with T400 Power Mining license would consume about the same power as an email server, yet potentially capable of producing a projected mining income of USD $10,000++ per month in equivalent value in SXE within 18 months.

Only www.shakticoin.com can distribute Mining licenses. Please be aware of phishing email invites or fake websites with "close enough" URLs (ex: twtter.com). This sort of thing has become common, so we urge potential miners to pay attention to the details.

Mining of Shakti Coin will be limited, especially at the outset. The number of mining slots available will grow with the network. Right now, the Shakti ecosystem will only accept a handful of Power miners on a first-come-first-serve basis.

About ShaktiCoin :

The Shakti project is an international grassroots initiative that exists independent of any affiliation with industry, government, religion or political party. The Swiss Shakti Foundation is a public benefit organization based in Zug, Switzerland tasked to provide impartial oversight of the Shakti ecosystem.

Learn more at https://www.shakticoin.com.
  • Picture is available at AP Images (http://www.apimages.com) -
Call2Action:
Miners - help introduce smart money to the masses!
MEDIA CONTACT
Swiss Shakti Foundation
Contact: secretariat@shakticoin.com
Rigistrasse, 2 CH-6300
Zug, Switzerland
Tel: +41-41-266-07-67
Logo: https://mma.prnewswire.com/media/870860/Shakti_Coin_Logo.jpg
Photo: https://mma.prnewswire.com/media/870859/Swiss_Shakti_Stiftung.jpg

Caption: Unlike other cryptocurrencies, Shakti Coin is not mined through computational achievement, but rather through human achievement in the advancement of education. We see this as the most direct way to help each person, and each community, achieve their true potential.


Latest Press Release

Photo Release: KBank joins forces with Electronics Extreme for online gaming top-up via K-Payment Gateway

Mr. Akaranant Thitasirivit (third from right), KBank First Senior Vice President, and Mr. Thanin Piromward (third from left), Chief Executive Officer of Electronics Extreme Co., Ltd., Thailand's leading provider of online games including Ragnarok Online,...

Photo Release: EXIM Thailand Joins Berne Union Spring Meeting 2019

Mr. Pisit Serewiwattana (third right), President of Export-Import Bank of Thailand (EXIM Thailand) and EXIM Thailand's executives recently presented export direct lending and outlook for CLMV market as well as discussing various issues with more than 80...

Thanachart Bank posts strong first quarter profit growth

Thanachart Bank Public Company Limited reported net profit of 3,650 million baht for the three months ending 31 March 2019, with pre-tax earnings increasing 18.7% compared to the same period last year. Mr. Praphan Anupongongarch, CEO and President of...

Bangkok Bank reports first quarter 2019 net profit of Baht 9,028 million

Thailand's economic growth in 2019 is expected to be 3.8 percent, decreasing from 4.1 percent in 2018. Amid slower world trade and risks from the US trade policies, exports declined for the first two months of the year. This has squeezed manufacturing...

KASIKORNBANK announces the first quarter of 2019 net profit of Baht 10,044 Million

Mr. Predee Daochai, President of KASIKORNBANK, said although domestic economic activities continued to grow during the first quarter of 2019, the overall economic recovery remained weak on the back of the slowing growth in the export and tourism sectors...

Related Topics