Science Blockchain joins VideoCoin’s pre-sale
Our incubator Science Blockchain is participating in the token presale for VideoCoin, a crypto token powering a decentralized video encoding, storage, and content distribution system built on blockchain. The team has closed $35 million for its token sale so far.
Powered by a large-scale, distributed cloud video infrastructure, the VideoCoin Network aims to usher in “the new cloud” by marshaling computing resources from around the world to revolutionize video with blockchain technology. The VideoCoin Network ecosystem looks to lower costs by deploying unused compute resources, enable a new generation of applications via open APIs and open source-based development, disintermediate media behemoths with peer-to-peer video distribution, and increase privacy with decentralized, end-to-end encryption.
Other fund partners participating in the pre-sale include Alphabit Fund, Alphacoin Fund, Anthony Diiorio, Co-Founder of Ethereum and Founder and CEO of Jaxx and Decentral, Arcadia Crypto Fund, Binary Financial, Bracknor, Distributed Network Advisors (DNA), Galaxy Investment Partners, Grit Capital, iAngels, JUMP Investors (investment arm of Akamai co-founder Randall Kaplan), Juno Capital, Lvna Fund, RenGen, Sovereign Funds, The Original Capital, Team in Residence, and Tokenstack Fund.
Disclaimer: This press release does not constitute an offer to sell or the solicitation of an offer to purchase the VideoCoin tokens or any rights thereto, nor shall there be any offer, solicitation or sale of the VideoCoin tokens or any rights thereto in any jurisdiction in which such offer, solicitation or sale would be unlawful. To the extent the rights to the future VideoCoin tokens are considered securities, such rights have not and will not be registered under the Securities Act or other applicable state securities laws, and may not be offered or sold in the United States absent registration or pursuant to an exemption from registration requirements of the Securities Act and under applicable state laws. Certain statements, projections or other estimates herein (including estimates of value, functionality or performance) are forward-looking statements and are based upon certain assumptions, and you should not rely on them as predictions of future events. Other events, including unforeseen circumstances, that were not taken into account may occur and may significantly affect the analysis. Any assumptions should not be construed to be indicative of the actual events that will occur. We undertake no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date hereof.
