First Bitcoin Capital Acquires Large Stake in One of the Oldest Mineable Cryptocoins Ranked High on Coin Market Cap; Also, Company’s Digital Shares Are Now Listed on Two International Cryptocurrency Exchanges


VANCOUVER, BC / ACCESSWIRE / November 30, 2016 /
First Bitcoin Capital Corp. (OTCMarkets: BITCF) is pleased to announce that it has sold its Venezuela mining concessions for a large stake in the cryptocurrency of one of the oldest mineable coins that ranks high on Coin Market Cap. See: http://coinmarketcap.com/currencies/kilocoin/.

Kilocoin which is similar to Litecoin primarily trades on a popular cryptocurrency exchange at https://c-cex.com/?p=klc-btc

A list of its nodes can be found via https://c-cex.com/?id=ws&shownodes=klc

Kilocoin mining can be tracked at https://www.blockexperts.com/klc#

From its web site via http://kilocoin.com/ their wallet can be downloaded.

At its current rate of mining (159 coins per block) it should take centuries to reach the maximum of 25,000,000,000 mineable coins with a little over 10,000,000,000 coins mine thus far, giving BITCF nearly 10% participation. The Company anticipates that the KLC exchange will boost BITCF’s balance sheet with tremendous upside potential and may become a source of future dividends.

Differences
from Bitcoin and Litecoin and Kilocoin

Bitcoin

Litecoin

Kilocoin

Coin limit 21 Million 84 Million 25 Billion
Algorithm SHA-256 Scrypt Scrypt
Mean block time 10 minutes 2.5 minutes 5 minutes
Difficulty Target 2016 Block 2016 Blocks 288 Blocks
Initial Reward 50 BTC 50 LTC 159 KLC
Current block reward 25 BTC 50 LTC 159 LTC
Block explorer blockchain.info block-explorer.com https://www.blockexperts.com/klc#
Created by Satoshi Nakamoto Charles Lee Kilocoin, Inc (DAC)
Creation date January 3, 2009 October 7, 2011 Feb 27th, 2014
Coins Mined (as of 8 April 2015) 14,029,116.67 37,984,800 10,013,105,152

Furthermore, in conjunction with BITCF’s expanding ownership of its common shares onto its own blockchain (BIT) and trading on foreign international cryptocurrency exchanges, the company is proud to announce that its digital shares are now trading on an additional, popular cryptocurrency exchange, LIVECOIN www.livecoin.net.

About the company:

First Bitcoin Capital is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange- www.CoinQX.com. We see this step as a tremendous opportunity to create further shareholder value by leveraging management’s experience in developing and managing complex Blockchain technologies, developing new types of digital assets. “Being the first publicly-traded cryptocurrency and blockchain-centered company (with shares both traded in the US OTC Markets as [BITCF] and as [BIT] in crypto exchanges) we want to provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies.” At this time the Company owns and operates the following digital assets.

www.BITCoinCapitalcorp.com company website.

www.CoinQX.com Cryptocurrency Exchange, registered with FINCEN.

www.iCoiNEWS.com real time cryptocurrency and bitcoin news site.

www.BITminer.cc providing mining pool management services.

www.2016coin.org online daily election coverage and home page for $PRES, $HILL and $GARY $BURN coins.

Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company’s filings, which are on file at www.OTCMarkets.com.

SOURCE: First Bitcoin Capital Corp.

View source version on accesswire.com:
https://www.accesswire.com/450001/First-Bitcoin-Capital-Acquires-Large-Stake-in-One-of-the-Oldest-Mineable-Cryptocoins-Ranked-High-on-Coin-Market-Cap-Also-Companys-Digital-Shares-Are-Now-Listed-on-Two-International-Cryptocurrency-Exchanges

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