Netcoins Lists Myriad (XMY) Coin
October 30, 2018
Netcoins Holdings Inc. (“NETC” or the “Company“) (CSE: NETC) (OTC: GARLF) is pleased to announce that it has listed Myriad, available for purchase this Fall, via our OTC Private Brokerage Services business and our 21000+ retail locations in Australia, Europe and Canada. Myriad is the 14th in a series of altcoins and tokens to be listed by Netcoins.
Myriad is the first currency to support five algorithms, catering for ASIC, GPU and CPU mining. Currently, those algorithms consist of SHA256d, Scrypt, Myr-Groestl, Skein and Yescrypt. Myriad’s multi-algorithm approach offers exceptional 51% resistance because a range of different hardware is needed to find 51% of the blocks.
Decentralisation of mining power is important to keep control of a coin democratic. Other coins have had their mining power become more and more centralised which has already caused problems for Bitcoin. The prevention of this is one of Myriad’s main strengths and innovations.
Learn more about Myriad here: www.myriadcoin.org
“We are excited to have Myriad on our platform. The Netcoins solution helps provide the everyday consumer with an easy way to buy/sell Myriad for fiat,” said Netcoins CEO Mark Binns. “Netcoins is uniquely positioned with its OTC desk and global retail network to help bring awareness and adoption to altcoins like Myriad.”
Netcoins has received $30,000 USD from Myriad as a listing fee, which is also a recurring annual fee, on our LaaS (Listing as a Service) business model for coin listings.
About the Company
The Company is in the business of developing software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor through brokerage services. Netcoins enables crypto transactions via 21,000+ retail locations globally and an Over-The-Counter (OTC) trading desk.
ON BEHALF OF THE BOARD OF DIRECTORS
CEO and Director
For Investor Relations Inquiries please contact Netcoins at 778.785.1175 or email [email protected]
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Cautionary Statement Regarding “Forward-Looking” Information
This information release contains certain forward-looking information. Such information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by statements herein, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on the Company’s current beliefs as well as assumptions made by and information currently available to it as well as other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its public securities filings, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.