GBLC INVESTS IN GLOBAL CHARITY COINhttps://money.tmx.com/en/quote/GBLC:CHI/news/8910004589473467/Graph_Blockchain_Invests_in_Global_Charity_Coin
Toronto, Ontario--(Newsfile Corp. - May 10, 2021) - Graph Blockchain Inc. (CSE: GBLC) ("Graph" or the "Company") is pleased to announce that it has made in an initial investment in Global Charity Coin, a coin designed to allow individuals to utilize their crypto currencies to make donations to the charity of their choice. Global Charity Coin (GCC) is the first of its kind looking to provide a seamless option for crypto holders to make donations without needing to first convert their coins to Fiat. This is the first crypto currency designed to support the global charity sector, which is over approximately $20 Billion dollars a year.
"We are thrilled to have attracted Graph Blockchain as one of our first investors, their strong background in building blockchain solutions coupled with their grasp of the crypto markets makes them a perfect fit," says Global Charity Coin. "We have had tremendous interest from various charities across Canada and we are thrilled to have Graph's support as it will allow us to buildout more quickly."
GCC is working on their white paper and when the first sale occurs, GCC will allocate 20% of the initial coin offering to GBLC for their investment up to $250,000. Until such time that GCC initiates its first coin offering, the web properties and company information remains private. The crypto currency space is very aggressive and GCC wishes to keep as much information private until it is ready to launch. GBLC understands this position and has signed an NDA in order to respect the privacy needs of GCC.
"The ability to invest in GCC at this early-stage is a fantastic opportunity for GBLC, it positions the Company in two ways; it gives GBLC investors exposure to the coins as GCC mints them and it positions the Graph to collaborate with GCC on the buildout of their blockchain needs to support a global platform," says Paul Haber, CEO of the Company.