EPIC Corporation (OTC PINK: EPOR) (“EPIC" or “Company”) and Ronald S.
Tucker announced, “The EPIC Monetary System (‘EMS’) is a disruptive
cryptocurrency, the updating of the short-term and long-term objectives,
and the completion of the exchange offer and stock dividend to preferred
shareholders.”
EPIC Monetary System
The EMS is a disruptive cryptocurrency. EMS is the first cryptocurrency
to be combined with American Eagle silver or gold coins to create EPIC
Digital Dollars (“EDD”). The value of an EDD will be stable, a hedge
against currency depreciation, and is easy to transfer.
The difference between EDD and other cryptocurrencies is that EDDs have
an inherent value created with the combination of the EPIC crypto and
American Eagle silver and gold coins. The value of an EDD is the
conversion of the purchaser’s purchase price of an American Eagle silver
or gold coin into EDDs.
Update of Short-Term Objectives
EPIC, in the short term, has completed or anticipates completing the
following four phases:
Phase I
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The EPIC Monetary Association (“EMA”), a non-profit mutual benefit
corporation, has been incorporated which is the depository for silver
and gold coins, and converts them to EDD and the purchasers become
members of EMA.
-
The EPICAEcoins.com website for the purchase of American Eagle coins
is being developed.
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The EPIC Monetary System website is being developed to provide
information about EPIC and EPIC Monetary System.
-
The software for the EPIC Monetary Association (EPICMonetaryNetwork.org)
has been purchased.
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American Eagle Silver coins have been purchased.
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Beta-testing the process to purchase American Eagle Silver Dollars,
and the conversion to EPIC Digital Dollars.
-
Commence selling American Eagle Silver Coins.
Phase II
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EPIC, after implementing the selling of American Eagle Silver Dollars,
will develop and establish a process for selling quantities of silver
and gold to purchasers in discrete transactions.
Phase III
-
EPIC, after implementing Phase II, will develop and establish a
process for existing holders of silver and gold to transfer their
silver and gold to the EPIC Monetary Association with the payment of a
monetization fee to EPIC.
Phase IV
-
EPIC is developing a private currency exchange for the exchange of
EPIC Digital Dollars for national currencies and national currencies
for EPIC Digital Dollars.
Longer-Term Objectives
Phase V
-
EPIC plans to acquire software to develop an EPIC Pay application to
allow EDD holders to exchange their EDDs for goods and services with
affiliate members of the EPIC Monetary Association.
Phase VI
-
EPIC will seek to develop, acquire or joint venture an on-line
marketplace, and seek to acquire or joint venture with other firms to
provide services or products that will accept EDDs.
Exchange Offer & Stock Dividend
On March 29, 2019, the exchange offer of one share of common stock for
one share of EPIC Series A 5% Convertible Preferred was completed; and
on April 5, 2019, the stock dividend to Series A 5% Convertible
Preferred shareholders was paid. As of April 12, 2019, the preferred
stock should appear on the preferred stockholders’ brokerage accounts.
About EPIC
EPIC’s methodology creates an effective and usable digital currency,
with an intrinsic value, which is valued as EPIC Digital Dollars.
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