(MONTREAL — NOVEMBER 16, 2016) — Flashnet Technology, Inc. (https://flashcoin.io/), the blockchain network connecting people with websites they enjoy and products they love using the latest cryptocurrency technology, today announced its MEGAFLASH token crowdsale. The crowdsale, which will be hosted on the Bittrex Exchange starting Thursday, November 17, at 11a.m. Pacific Standard Time, will support the development of the FLASH network. MEGAFLASH is a Counterparty asset in very limited quantity (only 300,000 coins), secured by the Bitcoin blockchain that is used to acquire larger quantities of FLASH. One MEGAFLASH coin can initially be traded for 1,000,000 FLASH coins. The MEGAFLASH crowdsale aims to raise a minimum of 200 BTC, and will be freely tradeable on Bittrex Exchange shortly after its conclusion.
“Crowdsales are an excellent way to introduce new crypto coins to the community, offering a way to support a worthy project and accumulate some coins right as they’re being introduced,” said Chris Kitze, CEO of FLASH. “We’re excited to see how MEGAFLASH helps bring cryptocurrencies to the mainstream by solving the problems advertisers and marketers face online, and by rewarding Internet users for their time and engagement. This is also a unique opportunity to expand the traditional advertising exchange of publishers and advertisers to include micro-influencers, consumers and merchants and to help advertisers turn ads into long term customer relationships.”
MEGAFLASH is built for advertisers, online marketers, and developers who need larger quantities of FLASH, and it will be available through licensed exchanges. FLASH has 900 billion pre-mined coins and is built to be given away for free to end-users in limited quantities. It offers incentives to members and functions as a form of network accounting with low cost and very fast processing. FLASH is on a private blockchain and built for speed and user friendliness, with features like email lookup and password recovery.
FLASHcoins can circulate widely because they’re easy to get in small amounts, and will become valuable because they’re useful in large amounts for marketing and advertising. Advertisers and marketers can purchase a large amount through the exchange, which creates a sustainable model. FLASHcoins will be mostly distributed within approximately two years, mainly to users and developers. Right now, users can currently receive 10,000 free FLASHcoins by signing up on the site, earn more for watching select advertisements or engaging with online content, and redeem them for rewards online.
Kitze is no stranger to pioneering new ground in advertising or social media. In 1995, he created Point Communications, which in five months grew to a top 20 site on the Web by pointing to interesting sites that it deemed worth of its “Top Five Percent of the Web” awards. The company merged with Lycos prior to its 1996 IPO and the combined companies were acquired four years later for $12.5 billion. Kitze also helped pioneer Internet communities, the predecessor today’s social networks, with Xoom.com, which went public for over $1 billion after just 24 months in existence and later became NBCi, which at its peak was valued at $7 billion. He has also been a pioneer in micropayments (Yaga), online e-commerce (Wine.com), blog networks (Before Its News), and privacy solutions (Unseen.is).
To learn more about the MEGAFLASH crowdsale, please visit: https://flashcoin.io/
FLASH is a high-speed, pre-mined private blockchain designed for use in accounting, loyalty, and security applications. It is legally compliant, cutting down on time spent dealing with regulators and various agencies. FLASH built its high-performance blockchain to completely confirm every transaction in under 2 seconds. Once transactions are confirmed, users can immediately resend the FLASHcoins. FLASH is cloud-based and secure with a powerful API, enabling developers to focus on building their applications. For more information, download the FLASH whitepaper: https://flashcoin.io/assets/docs/FLASHWhitepaper.pdf
The crowdsale, which will be hosted on the Bittrex Exchange starting Thursday, November 17, at 11 a.m. Pacific Standard Time, will support the development of the FLASH network. MEGAFLASH is a Counterparty asset in very limited quantity (only 300,000 coins), secured by the Bitcoin blockchain that is used to acquire larger quantities of FLASH. One MEGAFLASH coin can initially be traded for 1,000,000 FLASH coins. The MEGAFLASH crowdsale aims to raise a minimum of 200 BTC, and will be freely tradeable on Bittrex Exchange shortly after its conclusion. There will be a 25 percent bonus in the first 24 hours of the crowdsale.
- The bonus will be on the following schedule (all “days” begin at 11 am pt):
- First 24 hours: 25 percent bonus
- Days 2-7: 20 percent
- Days 8-14: 15 percent
- Days 15-21: 10 percent
- Days 22-26: 5 percent
- Days 27-28: 0 percent