Science Blockchain announces completed portfolio token distributions for SCI2 tokenholders

Science Blockchain has distributed existing portfolio tokens previously held on Tokenhub and new portfolio tokens directly to the SCI2 token holders’ registered wallets

Science Blockchain has completed distributions for SpringRole (SPRING), additional Mainframe (MFT), and WePower (WPR) tokens, the first distribution of VideoCoin (VID) tokens, and existing tokens that were previously held on Tokenhub directly to SCI2 token holders’ registered wallets via several token distribution events. Science Blockchain based portfolio token distributions off a snapshot of the SCI2 tokens taken following the most recent token upgrade and SCI2 issuance from treasury to registered wallets.

Mainframe is a decentralized communications network resistant to censorship, surveillance, and disruption. The Mainframe network enables any application to send data, store files, manage payments, run tasks, and more. It was built with encryption, dark routing, peer-to-peer architecture, incentivization, and interoperability as its five fundamental principles. Mainframe was featured in Forbes as a blockchain startup changing the way we communicate. This is our third distribution of the MFT token.

WePower fuels renewable energy production by enabling developers to raise capital by selling their energy production upfront in the form of tradeable smart energy contracts. Forbes wrote about WePower in a piece about companies leveraging blockchain for renewable energy. This is also our third distribution of the WPR token.

SpringRole is the first professional reputation network powered by artificial intelligence and the blockchain to eliminate fraud from user profiles. Because SpringRole is built on blockchain and uses smart contracts, it’s able to verify work experience and reputation, give real meaning to endorsements, reward endorsers, and get users endorsements outside of their network. Springrole was ranked in the top 5 products of the day on Product Hunt in May. SpringRole was the first portfolio company of Science Blockchain.

The VideoCoin Network is a decentralized video encoding, storage, and content distribution system that turns all cloud-based video services into an efficient algorithmic market running on a new blockchain with a native protocol token, the VideoCoin (VID). VideoCoin released its first presale token distribution, and plans to conduct subsequent presale token distributions on a quarterly basis in accordance with the growth of network functionality, based on certain release milestones. In order to receive subsequent VID distributions, token holders must hold SCI2 tokens in their respective wallet at the time of the snapshot (next snapshot date TBA).

To learn more about these tokens, visit mainframe.com, wepower.network, springrole.com, and www.videocoin.io.

Portfolio company tokens that were previously held on Tokenhub for SCI tokenholders have also been distributed. These include ICO Watchdog (DOG), SpringRole’s invite token (INVITE), Polyswarm (NCT), Aventus (AVT), WePower (WPR) and Mainframe (MFT).

Please note: Portfolio company tokens, both those previously held on Tokenhub as well as future portfolio company token distributions, have ONLY been distributed to those token holders who have completed the token upgrade process and hold SCI2 tokens in a registered wallet. Future portfolio company token distributions will ONLY be made to SCI2 token holders who have registered a wallet and requested to transfer SCI2 tokens from treasury to their wallet.

If you are still holding SCI2 tokens in treasury, please be sure to register a wallet and request to transfer tokens from treasury to your wallet via the SCI2 Token Holder Dashboard (science.securitize.io). Please note, even if you do not “request to transfer tokens from treasury to wallet”, we will still check periodically for all registered wallets and move forward with transferring your tokens from treasury to wallet in the coming weeks.

For those who have still not completed the upgrade process, please complete it ASAP via the SCI Token Upgrade Dashboard (science-upgrade.securitize.io). We will then add you to the waitlist and include you in the next batch of manual upgrades (exact date TBD). Once you have received your upgraded tokens and hold them in a wallet that you control, we will distribute your outstanding portfolio company tokens in the next distribution.

Important: do not use an Ethereum address from an exchange, such as Coinbase, as they are not prepared to receive tokens, and if sent to the exchange wallet, your SCI2 Tokens may be allocated to the exchange and not to you. Use an Ethereum wallet you directly control. We will not be able to restore tokens to you that you have sent to an exchange wallet or other address you do not control.

There are many ways in which you can get an Ethereum Wallet. For example, and not by way of recommendation, the sites https://www.mycrypto.com/account and www.metamask.io allow you to create web-based wallets to keep your tokens. Also, there are hardware-based wallets (like the Ledger Nano https://shop.ledger.com/products/ledger-nano-s) that allow you to keep your tokens safe.

Disclaimer: This press release does not constitute an offer to sell or the solicitation of an offer to purchase the Science ICO tokens, nor shall there be any offer, solicitation or sale of the Science ICO tokens in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Science ICO tokens 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 US 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, returns or performance) are forward-looking statements and are based upon certain assumptions. Other events 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.