Vancouver, BC, May 29, 2018 — GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (CSE: BLOC, BLOC.CN, BLOC.CNX) (FSE: BWSP) (OTC: BLKCF) ("BLOC" or the "Company") announces that it has incorporated a Cayman-based subsidiary, named Laser Inc., as part of its recently-announced project, the Laser Network (“Laser”). To date, Laser has received considerable attention from throughout the blockchain sector, as well as from the broader technology industry as a SWIFT-like protocol to interconnect thousands of existing blockchain networks, thus allowing inter-chain transactions, and enabling blockchains to operate without borders.
The purpose of this subsidiary is to manage the initial servicenode network that underpins Laser’s blockchain network and supports its defining features. The crowdsale will entail an equity sale in the subsidiary Laser Inc., with the network’s proprietary Photon cryptocurrency (“Photons”) allocated proportionately to equity purchased. A block of 6,300,000 shares will be made available in the crowdsale, with a minimum purchase of 100 shares. Pricing and forms of payment are to be announced.
For parties who are interested in operating a servicenode, a minimum of 1,000 shares in Laser Inc.