SAN JUAN, PUERTO RICO, July 27, 2020 (GLOBE NEWSWIRE) — SAN JUAN, PUERTO RICO, July 27, 2020 (GLOBE NEWSWIRE) — by way of NEWMEDIAWIRE — BOTS, Inc. (OTC: BTZI) (EXCHANGE: M06.SG), an rising innovator of merchandise, applied sciences, and companies for the quickly rising digital robotic automation and manufacturing trade introduced at present that it’s within the technique of repurposing and renaming FIRST BITCOIN (COIN:BIT) into the “Basic Income Token” whereas retaining “BIT” because the digital forex’s image.
There is a rising demand for a socialistic Universal Basic Income scheme within the United States of America heralded by former presidential candidate Andrew Yang, nevertheless, our hybrid public profit/capitalistic idea is to ship an asset to our shareholders that produces earnings just by protecting their wallets opened. The extra wallets that stay open, the safer the cryptocurrency turns into. This “income” will self-generate BITs 24/7 by way of Proof of Stake Mining (POS) protocol. Once now we have lots of of our 10s of 1000’s of shareholders protecting their wallets open, the blockchain turns into exceptionally safe whereas robotically producing BITS by way of Proof of Stake Mining.
Bots, Inc. and First Bitcoin Capital (OTC:BITCF) are working intently collectively to make sure a seamless transition of this main asset consisting of billions of BITs. Once the identify of BIT is modified to Basic Income Token, Bots Inc. intends to distribute 1 BIT for every share of Bots Inc. to be held on a document date to be set for distribution as quickly as August 30, 2020.
This asset is just one cryptocurrency of a bigger stock of greater than 100 distinctive digital cryptocurrencies acquired from and beforehand owned by First Bitcoin Capital Corp. The most important of the transferences of those cryptocurrencies to Bots Inc., included, however was not restricted to, the bulk possession of First Bitcoin (COIN:BIT), a cryptocurrency primarily based on a novel blockchain much like an improved model of Litecoin. This distinctive coin trades on Livecoin.net with BIT included on the premier web site for monitoring of cryptocurrencies by way of https://coinmarketcap.com/currencies/first-bitcoin/
Additionally BOTS, Inc. together with First Bitcoin Capital has generated the interface required to handle issuance of items of a newly minted cryptocurrency primarily based on Bitcoin’s blockchain using the Omni protocols that are additionally utilized by Tether (COIN:USDT) in an effort to alternatively fulfill Yang’s imaginative and prescient, outlined as follows: “Universal Basic Income (COIN:UBI) commemorates the presidential candidate Andrew Yang’s plan for distributing $1000 per month per citizen so that each world citizen is entitled to 1000 UBI per month upon request from Bots, Inc.”
In a current article revealed in nature.com, “Pandemic Speeds Largest Test Yet of Universal Basic Income” Economists welcomed the prospect to see whether or not giving folks money, to spend nevertheless they select, would enhance their livelihoods. Spain’s authorities has began what would possibly simply be remembered because the world’s greatest economics experiment. On 15 June, spurred by the coronavirus disaster and its financial fallout, Spain launched a web site providing month-to-month funds of as much as €1,015 (US$1,145) to the nation’s poorest households.
The program, which is able to assist 850,000 households, is the most important check but of an thought referred to as common primary earnings (UBI) — through which individuals are given a money cost every month to spend nevertheless they select. It has been oft-discussed however by no means satisfactorily examined, and economists world wide are watching intently to see what the influence of the scheme on livelihoods might be.
The transfer comes at a time of unprecedented financial turmoil introduced on by the coronavirus pandemic. Spain was one of many hardest-hit international locations within the early days of the pandemic. The nationwide lockdown curbed the unfold of the virus, however got here at a staggering monetary worth. Millions of individuals misplaced their jobs because the economic system shrank quickly, placing lots of the most susceptible residents in danger.
“If there’s ever an opportunity to try to push for some sort of income floor that can be paid out in cash to people, this is the time to do it,” says Damon Jones, an economist on the University of Chicago in Illinois.
Bots, Inc. has develop into the primary publicly traded firm to announce the launch of a company initiated Universal Basic Income Token (UBI). Interested events might signup to obtain an invitation linked right here: https://www.bots.bz/ubi
“Those whom request this monthly UBI distribution will be required to cover Bots’ nominal Bitcoin transference costs and both Bots and First Bitcoin Capital will share in a 1% transference fee to be earned in kind. We will develop unique bots that are equipped to handle the inclusion of each requesting world- citizen wishing to use our automation in order to handle the sign ups and transfers” said newly elected Company Chairman, Simon Rubin.
The creation of “UBI” which is underneath the administration of Bots Inc and First Bitcoin Capital may be witnessed right here: https://omniexplorer.info/asset/829
About First Bitcoin Capital Corp
First Bitcoin Capital Corp (OTC:BITCF) is the most important shareholder of Bots, Inc. on account of exchanging nearly all of its belongings therefor, however started growing digital currencies, proprietary blockchain applied sciences, and the digital forex trade – www.CoinQX.com (in Beta) in early 2014. We noticed this step as an incredible alternative to create additional shareholder worth by leveraging administration’s expertise in growing and managing complicated blockchain applied sciences and in growing new sorts of digital belongings. Being the primary publicly-traded cryptocurrency and blockchain-centered firm, we offer our shareholders with diversified publicity to digital cryptocurrencies and blockchain applied sciences.
The Company started growing its personal blockchain and cryptocurrency referred to as First Bitcoin (COIN:BIT) in 2016. Prior to transferring nearly all of this asset to Bots, Inc., the Company up to date the BIT pockets and added extra performance. Users are capable of generate BIT via the processes of POW and POS mining. The First Bitcoin (COIN:BIT) cryptocurrency has a present provide of 20,707,629,255 BIT. It is at present buying and selling on LIVECOIN.net with its explorer at www.explorer.bitcf.internet.
Contact us by way of: firstname.lastname@example.org or go to www.firstbitcoin.io
observe us on Twitter; @1stBitCapital
observe us on Linkedin: https://www.linkedin.com/company/first-bitcoin-capital-corp/
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About BOTS, Inc.
Headquartered in San Juan, Puerto Rico, BOTS, Inc. – publicly traded on the OTC Markets underneath the image (BTZI) and on Börse Stuttgart underneath ticker (M06.SG) – is a diversified firm growing and servicing blockchain options and robotics for its clientele. The Company is dedicated to drive the improvements wanted to form the way forward for digital robotic automation administration via digital know-how and decentralized blockchain options. Management is devoted to the robust development of Distributed Asset Technology and Robotic Process Automation (RPA).
Bots, Inc. has been featured in media nationwide, together with CNBC, Bloomberg, TheStreet.com. For extra data, go to http://www.bots.bz
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Certain statements contained on this press launch might represent “forward-looking statements.” Forward-looking statements present present expectations of future occasions primarily based on sure assumptions and embody any assertion that doesn’t instantly relate to any historic or present reality. Actual outcomes might differ materially from these indicated by such forward-looking statements on account of numerous necessary components as could also be disclosed in firm’s filings. In addition to those components, precise future efficiency, outcomes, and outcomes might differ materially due to extra normal components together with (with out limitation) normal trade and market circumstances and development charges, financial circumstances, and governmental and public coverage modifications. The forward-looking statements included on this press launch signify the Company’s views as of the date of this press launch and these views may change. However, whereas the Company might elect to replace these forward-looking statements sooner or later sooner or later, the Company particularly disclaims any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing the Company’s views as of any date subsequent to the date of the press launch. Such forward-looking statements are dangers which might be detailed within the Company’s web site and filings.