RCS - Online Blockchain - Half of PlusOneCoin (PLUS1) now in circulation

Online BlockchainAnnouncement

16/09/2021 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210916:nRSP9012La&default-theme=true

RNS Number : 9012L  Online Blockchain PLC  16 September 2021

News Release

 

 September 16(th), 2021

 

Half of Online Blockchain's PlusOneCoin (PLUS1)

Now in Circulation

Social media cryptocurrency hits significant milestone and eyes more
publications for integration

 

 

PlusOneCoin, an Online Blockchain cryptocurrency project developed in
conjunction with global stocks (http://www.advfn.com/) , shares and crypto
(https://uk.advfn.com/cryptocurrency) information website ADVFN, has issued
50% of its maximum supply.

 

There are now over 10 million of the minable coins (PLUS1USD
(https://uk.advfn.com/stock-market/COIN/PLUS1USD/price) ) in circulation.
PLUS1, which is listed on CoinMarketCap and CoinGecko, enables holders to
reward posts they find valuable on the ADVFN and InvestorsHub
(https://investorshub.advfn.com/) platforms by up-voting ('+1') thereby
promoting and amplifying this content on the site and bringing it to a larger
audience. It is a way for social media users to earn money as most PLUS1 goes
to the post author (encouraging them to create further outstanding content);
the remainder is for the publishing platform. With PlusOneCoin, the whole
community is incentivised to create quality posts and give social validation
where it is warranted in a content virtuous circle. As this all takes place on
the blockchain, the process also vanquishes fake online engagement.

 

In addition to rewarding valued content, the cryptocurrency - as featured on
TechCrunch
(https://techcrunch.com/2018/10/23/plusonecoin-made-a-cryptocurrency-for-upvotes/)
- can be traded between wallet holders, mined on any personal computer and
bought and sold on SouthXchange and Finexbox. Coins can also be obtained for
free with ADVFN's PlusOneCoin Faucet
(https://uk.advfn.com/common/plusonecoin/faucet) . Defined by Online
Blockchain CEO Clem Chambers as a social affirmation coin, PLUS1 acts as a
social media cryptocurrency enabling a website to generate more money for
itself, its users and its content providers.

 

 

"PlusOneCoin is well integrated into the ADVFN and InvestorsHub ecosystems and
is very popular amongst a large tranche of our 36 million users as is
reflected by the number of PlusOneCoin in circulation," said Clem Chambers,
CEO of Online Blockchain. "We look forward to implementing PLUS1 on other
media platforms."

 

Find out more: https://www.plusonecoin.org/ (https://www.plusonecoin.org/)

 

- ends -

NOTES TO EDITORS

 

Online Blockchain PLC enquiries: Clem Chambers (CEO): clemc@advfnplc.com

 

Press enquiries: Francesca De Franco - francescad@advfnplc.com

About Online Blockchain plc (LSE: OBC)

Online Blockchain (www.onlineblockchain.io) is a UK-based incubator and
developer of businesses in internet and information-based technologies,
including developers, administrators and custodians of blockchains and
cryptocurrencies. The Company created ADVFN www.advfn.com and today still has
a holding of 17.98% in ADVFN plc.

Online Blockchain plc continues to consider new related opportunities and
particularly crypto currencies and blockchain-based opportunities including
incubating cryptocurrency start-ups and developing technical innovation in the
blockchain space. Led by a team with over two decades of pioneering in tech,
Online Blockchain focuses on innovation in cryptocurrency and decentralised
ecosystems via various applications of blockchain: incubating cryptocurrency
start-ups and developing technical innovation in the blockchain space.

 

 

 

 

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRASFMFDIEFSEEU