iMD Companies, Inc. Board of Directors Approves the Development of the iMD Crypto Coin
iMD Companies, Inc. (OTC: ICBU) has announced the approval to develop its own cryptocurrency, the iMD Crypto Utility/Asset Coin, aiming for a launch of approximately 100 million coins. This new coin will facilitate trading and financial transactions, backed by a basket of assets including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Alongside this initiative, the company plans to establish its own exchange and utilize its coin for NFT transactions. iMD will provide updates on this project as well as on its farming and mining operations in Utah.
- Development of a proprietary cryptocurrency, potentially enhancing company valuation.
- The coin is backed by established cryptocurrencies, which may increase investor confidence.
- Plans to create a dedicated exchange for trading, enhancing operational capabilities.
- There may be risks associated with the volatility of the cryptocurrency market.
- The success of the coin and its acceptance in the market remains uncertain.
OREM, UT, June 30, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – iMD Companies, Inc. (OTC: ICBU), announced today that the Board of Directors has approved the development of our own iMD Crypto Utility/Asset based Coin.
iMD will utilize this coin for trading, financial transactions, and ultimately build it to reward those who use it, and transact with it as well. We are looking to build our own exchange that will trade, sell, and process transactions within iMDs own Cryptocurrency ecosystem.
iMDs research indicates that we will launch around 100,000,000 coins for the initial coin offering. In addition, iMD is going to back its coin with assets. The iMD Coin will be tethered or “backed” by a basket of assets from Bitcoins, Ethers, Litecoin and Bitcoin Cash.
iMD expects to be identifying the name of our coin and pay system to support our coin within the next few weeks. We already have digital art we expect to use to go onto our NFT platform and utilize our coin for transactions. iMD is excited to run the course on this new coin ecosystem and we will keep our shareholders apprised of our updates and the ability to purchase our coin and participate in the NFT auctions we expect to provide as well.
The company will also be giving an update soon on the Farming and Mining progress in the Utah Data Center and the Bay Area regarding additional Farming and Mining opportunities for the operations.
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About iMD Companies, Inc.
iMD Companies, Inc. (OTC: ICBU) is a Florida Corporation. The company has been re-positioned to be a holding company for acquisitions and technology development in the financial, blockchain, cryptocurrency, and NFT (non fungible token) markets. iMD's goal is to combine the expertise of our team members to create a cohesive force, which will carry the company forward in the marketplace.
Safe Harbor Statement
Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
Contact:
iMD Companies, Inc.
info@imdcompaniesinc.com
FAQ
What is the iMD Coin and its purpose?
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