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Graph Blockchain Inc
Symbol GBLC
Shares Issued 356,405,411
Close 2021-05-07 C$ 0.125
Recent Sedar Documents

Graph Blockchain to take stake in Global Charity Coin

2021-05-10 06:42 ET - News Release

Mr. Paul Haber reports

GRAPH BLOCKCHAIN INVESTS IN GLOBAL CHARITY COIN

Graph Blockchain Inc. has made in an initial investment in Global Charity Coin, a coin designed to allow individuals to utilize their cryptocurrencies 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 cryptocurrency designed to support the global charity sector, which is over approximately $20-billion 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," said an unnamed representative of 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 build out more quickly."

GCC is working on its white paper, and, when the first sale occurs, GCC will allocate 20 per cent of the initial coin offering to Graph Blockchain for its investment of up to $250,000. Until such time that GCC initiates its first coin offering, the Web properties and company information remain private. The cryptocurrency space is very aggressive, and GCC wishes to keep as much information private until it is ready to launch. Graph Blockchain understands this position and has signed an NDA (non-disclosure agreement) 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," said Paul Haber, chief executive officer of the company.

About Graph Blockchain Inc.

The company is a blockchain development company that provides high performance blockchain solutions that include graphic data analysis and consulting services and implementation of data mining analysis through the use of graph databases and speed enhancements of blockchain control systems for businesses and government. This includes Babbage Mining Corp., which will focus on altcoins, alternative cryptocurrencies to bitcoin. Graph will be the first publicly tradable altcoin proof-of-stake (POS) miner, which will generate revenue while providing exposure to several top digital assets by market capitalization.

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