mPhase Technologies Inc (XDSL)

[NoMoDo]

"So, do you have any idea how a crypto back metals market is supposed to work?"

Management believes that this platform may be unique because it will use smart contacts and crypto currency to enable the physical movement and trade of London Metal Exchange (“LME”) warranted base metals. Scepter anticipates that the initial metals on its platform will include aluminum, copper, tin, zinc and nickel.

Scepter believes that it is building a blockchain-based digital base metals platform which is intended to transform the way metal is purchased and sold on a global basis. The platform is being designed to provide a one-stop experience where purchasers can trade metals contracts and physical material in both large and small lots (linked and hedged against the LME, COMEX, MCX (Multi Commodity Exchange of India,) ICDX (Indonesia Commodity and Derivatives Exchange) and other exchanges. The platform will enable users to be able to browse and purchase a range of metal offerings, and management believes that the platform will eliminate the time needed to shop between dealers or the necessity to buy metals in bulk to complete a feedstock requirement.