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Thursday, February 22, 2018 9:30:34 AM
February 22, 2018 08:30 ET(GLOBE NEWSWIRE) -- U.S. Rare Earth Minerals, Inc., (OTC-PINK:USMN) announced today that USMN signed an ICO consulting, creation and awareness agreement with Sanwire Software Inc. for a new cryptocurrency called EXCERCOIN (http://excelercoin.com) on the Decentralized Exchange (DEX) CounterParty (XCP). Sanwire Software Inc. will complete the crypto currency creation, white paper and website for EXCELERCOIN before March 12th, 2018. This agreement also includes consulting for Smart Contracts and future Blockchain technology uses of EXCELERCOIN for payment acceptance methods including purchasing of our products though our website (http://us-rem.com), and, possible crowd funding opportunities in connection with EXCELERCOIN.
USMN’s Board Chairman, Larry Bonafide stated, “We are very excited to join this wave of the future and believe cryptocurrency is here to stay, as it does not require middle men or local regulatory bodies to hinder its transnational value. I believe this is an exceptional move for USMN’s financial future and shareholder benefit.”
About Sanwire Software Inc.
Sanwire Software Inc. (http://sanwiresoftware.com) is a Silicon Valley based crypto currency and software Company with two-dimensional artificial intelligence (2DAI) software. Sanwire Software Inc. specializes in ICO’s, coin creation, wallet servers, white papers, crypto-currency market creation, and crypto currency community awareness.
About CounterParty
Counterparty (https://counterparty.io) extends Bitcoin’s functionality by “writing in the margins” of regular Bitcoin transactions, opening the door for innovation and advanced features not possible with ordinary Bitcoin software. The Counterparty protocol is open source and extensively tested. Besides allowing users to create and trade any kind of digital token, Counterparty enables anyone to write specific digital agreements, or programs known as Smart Contracts, and execute them on the Bitcoin blockchain. Smart Contracts are a revolutionary technology that opens the door to endless possibilities. By using the Bitcoin’s decentralized ledger network and Counterparty’s built-in scripting language, real-world scenarios can now be transformed into code and executed automatically with no need for an intermediary.
U.S. Rare Earth Minerals, Inc.
U.S. Rare Earth Minerals, Inc. (USMN) is engaged in the sales and distribution of products derived from the Company’s mining activities in Nevada relating to certain natural mineral deposits and other natural rare earth minerals. Products of USMN consist of natural minerals for animal consumption as well as agricultural products sold under the brand name EXCELERITE®. Customers of USMN include some of the world’s most widely recognized companies that have well known consumer brands. USMN is headquartered in Panaca, Nevada and has executive offices in Dubuque, IA. The company maintains a web site at: www.us-rem.com.
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