(TheNewswire)
Vancouver, BC / TheNewswire / May 22, 2018 - HashChain Technology Inc. (TSXV: KASH; OTCQB: HSSHF)
( “HashChain” or the “Company” ) today announced the
acquisition of NodeMonitor.io , a service that
tracks and monitors incentivized blockchains using Masternodes as a component to verify transactions .
The acquired assets, including the online domain, brand, and source code for the monitor application
, further expand on the Company’s vision to build their Dash cryptocurrency hosting service to include other incentivized
blockchains . The acquisition is expected to have a negligible effect on the
Company's financials for the fiscal year 2018.
HashChain acquired Hosting, a Dash Masternode hosting service , as part of the purchase of all of the assets of NODE40 on January 30,
2018. The solution frees cryptocurrency investors from the technical hurdles and time investment needed to run Dash Masternodes,
which require a 1,000 Dash collateral, and an ability to operate on the network 24 hours a day without exceeding a one-hour
connection loss. Dash Masternodes are full blockchain nodes that provide faster and more secure transaction verification with
“InstantSend” and “PrivateSend”, as well as voting rights on budget allocation for the currency. Holders are paid 45% of the
monthly block reward as an incentive for providing these services to the network.
Many existing users of Hosting have invested in incentivized
blockchains beyond Dash. With the acquisition of NodeMonitor.io, HashChain secures the framework to host and monitor more than ten
additional incentivized blockchains including Dinero (DIN), Bulwark (BWK), Exus (EXUS), Alqo (ALQO), and Proton (PROTON).
“Our commitment to supporting additional incentivized blockchains, informed our purchase of the largest Dash Masternode hosting
company,” said Patrick Gray, CEO of HashChain. “This agreement further demonstrates HashChain’s dedication to growing and
optimizing all revenue streams for the Company, including our additional recent Rig purchases for our mining operations, expanded
exchange support for the cryptocurrency accounting software, and now our Masternode Hosting service.”
As part of the acquisition, NodeMonitor developer Thiago Kroger will join HashChain in a consultancy capacity
and bring his industry expertise in interacting with blockchain applications to speed integration and expand hosting services to
other Masternodes.
About HashChain Technology Inc.
HashChain is a blockchain company, and the first publicly traded (TSXV:KASH; OTCQB: HSSHF)
Canadian cryptocurrency mining company to file a final prospectus supporting highly scalable and flexible mining operations across
all major cryptocurrencies. HashChain taps low-cost North American power, cool climate and high-speed Internet: the trifecta most
critical to mining success, to create a competitive position for maximizing the number of mining 'wins.' HashChain currently
operates 100 DASH mining Rigs, 1,770 Bitcoin Rigs, and has received an additional 3,000 Rigs. Once all Rigs are operational
HashChain will be consuming approximately 7 megawatts of power. HashChain also acquired two Dash Masternodes, which requires
a collateral investment of 1,000 DASH coins for each Masternode. Diversifying its business strategy beyond crypto mining, the
Company recently acquired NODE40, a blockchain technology company that developed NODE40 Balance, a new SaaS product making
cryptocurrency tax reporting simpler and more accurate. The solution allows cryptocurrency users and traders to accurately report
their capital gains and losses. NODE40 is also one of the leading masternode server-hosting providers for the Dash network and is
seeking additional alternate coin masternode hosting.
HashChain Mining is a wholly owned subsidiary of HashChain Technology Inc. based out of
Albany, New York, and an office in Vancouver, British Columbia.
On Behalf of the Board,
Patrick Gray
CEO & Director
For Further information please contact:
HashChain Technology Inc.
Larry Heinzlmeir
Vice President, Marketing & Communications
Larry@HashChain.ca
604-537-8676
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release,
including statements regarding the anticipated performance of a total of 4,870 Rigs and expectations regarding future operations
may constitute forward-looking statements. In making the forward-looking statements in this release, the Company has applied
certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information
currently available to the Company, including that the 4,870 Rigs will perform as expected by management. Although the Company
considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and
the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future
results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors may include,
among others, the risk that the 4,870 Rigs will not perform as expected by management and the risk that the 3,000 Rigs will not be
successfully deployed. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not
intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result
of new information, future events or otherwise, except as required by law.
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