Science Blockchain announces completion of the second VideoCoin (VID) token distribution for SCI2 tokenholders and upcoming token upgrade deadline

Science Blockchain has completed the second VideoCoin (VID) token distribution to SCI2 token holders’ registered wallets. Science Blockchain based the distribution off a snapshot of the SCI2 tokens taken following the most recent token upgrade and manual SCI2 issuances from treasury to registered wallets.

The next token upgrade deadline is 5pm Pacific Time on December 31, 2019 for the token upgrade event in early 2020. Please ensure you have completed the upgrade process — including registering a wallet that you control — in order to receive SCI2 tokens. For those that are holding tokens in treasury and have registered a wallet address, we will also conduct SCI2 issuances from treasury to registered wallets during the upgrade. Token distribution events to new SCI2 tokenholders will follow the upgrade and treasury issuances — these events will include any undistributed portfolio tokens.

To begin the process, please follow the link contained in the email you received at the email address that you used to register for the original SCI token issuance (via Tokenhub) in 2017. The link provides you access to the SCI Token Upgrade Dashboard. Once registered, you will also be able to view your token balance via the dashboard. In order to receive SCI2 tokens in the upcoming upgrade, you MUST register a wallet address.

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 on the deadline date of December 31, 2019 for all registered wallets and move forward with transferring your tokens from treasury to wallet at the time of the upgrade.

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 hold SCI2 tokens in their wallet.

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.