We have talked about the WhiteCoin Foundation, and some of their plans, over the past few weeks. A press release was sent out to the Canadian media, which was also posed on BitcoinTalk. Let’s take a peek!
I have just copied the entire press release below, as it is rather well-written :
Online Community Overthrows CryptoCurrency, Launches out of Halifax
The story of WhiteCoin is a fascinating example of the CryptoCurrency’s emerging potential. Launched in April of 2014 in the alternative Bitcoin market, WhiteCoin became an immediate sensation reaching the top five of international volume trading out of over 300 active CryptoCurrencies in its first week.
Initially launched by mysterious unknown parties as open source code, problems with WhiteCoin emerged very quickly. But rather than abandon it and risk a major market disruption, WhiteCoin’s community of users rallied to perform an unprecedented overthrow of the online virtual currency’s creators.
Group launches community driven association, The WhiteCoin Foundation
Based out of Halifax, Nova Scotia, The WhiteCoin Foundation will serve as an inclusive, not for profit, decentralized overseer of WhiteCoin and the open source code that drives it. The WhiteCoin Foundation will operate under three primary and expanding mandates:
1. The maintenance, development, and promotion of WhiteCoin
2. To provide employment opportunities for its members
3. Charitable & activist operations: with a focus on advocating for the cryptocurrency industry, net neutrality, and internet freedom
Halifax perfectly situated for 8 billion dollar and growing industry
Chris Salsman, President of The WhiteCoin Foundation, believes Halifax is the perfect match for WhiteCoin.
“Our organization is truly international, with our Director of Communications based in California, while our Director of Operations & Chief Technology officer operate out of Europe. Our team has selected Halifax for our headquarters because it’s perfectly situated between timezones in Europe and the west coast. Halifax is one of the few places in the world up and working with both London and Los Angeles during business hours. Having such a well respected IT sector is also of great attraction to us.” – Chris Salsman – President, The WhiteCoin Foundation
WhiteCoin a unique CryptoCurrency: “It’s approachable”
“Bitcoin and cryptocurrency markets are of great interest to investors, but its main barriers are confused messaging, lack of communication with government, and a lack of understandable accountability to new users. The WhiteCoin Foundation strives to make itself approachable by giving everyone a stake in its operation and directly acting to overcome these challenges.” Chris Salsman – President, The WhiteCoin Foundation
FOR FURTHER INFORMATION OR INTERVIEW REQUESTS PLEASE CONTACT:
We will be in touch with the above e-mail address to try and schedule a (written) interview at some point. Interesting things are happening for WhiteCoin, and we will keep an eye out for further announcements..