SONOCOIN ANNOUNCES THE FORMATION OF MEDIABLOQS LLC, A US BASED TECH VENTURE DESIGNED TO COMMERCIALIZE SONOCOIN’S SOLUTIONS
Geneva, Switzerland; November 5, 2019 — SonoCoin is pleased to announce it has partnered with Media Bloq LLC in order to market and commercialize its data-over-sound blockchain solutions to the Media & Entertainment market in North America. Media Bloq, a sonic enabled blockchain platform is focused exclusively on the media industry, and lead by Jim Mohen, a former Wall Street executive with extensive financial markets and Blockchain expertise. Sonocoin and Media Bloq have developed a broad commercial pipeline of media relationships for true practice use cases of blockchain technology.
Leonid Afanasyev, Founder and CEO of SonoCoin, commented: “SonoCoin has since the beginning of 2019 been building the working relationship with Media Bloq in order to strategically be positioned for the product roll out and commercialization of its technology solution. Through Media Bloq’s extensive network in the Media and Entertainment in the US, SonoCoin has managed to build a number of substantial partnerships. We look forward to enhance this relationship even further.”
Jim Mohen, CEO, Media Bloq LLC commented: “Sonocoin is the engine that enables our Media Bloq technology platform to work seamlessly on our partners platforms while augmenting their branding and customer engagement efforts. The platform also supports our partners efforts to maximize cross-marketing initiatives to their affiliates.”
About Media Bloq
Media Bloq, based in Stamford CT, offers sonic enabled blockchain wallets powered by Sonocoin technology. The wallet app receives digital rewards broadcast over sound waves from movies, TV, radio, or social media platforms. A production version of the white label wallet app is scheduled for delivery in q1 2020.
About SonoCoin
SonoCoin is Swiss blockchain venture offering white-labeled data-over-sound solutions to enterprises based on its native blockchain protocol. The coin’s .WAV file format gives anyone the power to transmit value and information using simple methods of delivery such as sound (similar to Shazam), messenger, QR and Bluetooth, etc. SonoCoin’s blockchain platform is a “b-to-b-to-c” (b2b2c) model, where SonoCoin builds data-over-sound solutions for businesses upon its blockchain network. SonoCoin uses a Proof-of-Stake protocol (PoS) where members of the community owning a specified amount of coins has the possibility to join the consensus algorithm and create new blocks in return for rewards. The selection for the next creator of a block is based on various factors such as: random selection, and stake size.
Cautionary Note Regarding Forward-Looking Statements
The statements made in this press release may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of SonoCoin. The words “will”, “may”, “anticipate”, “intend”, “plan” and similar words and expressions are used to identify forward-looking information. The actual results of the specific items described in this release, and the Company’s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of SonoCoin’s team as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, SonoCoin’s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the
