It’s https://www.investdiva.com/ Kiana with NewsBTC and here is your cryptocurrency update. Today, we’re looking at Kodak Coin. A new cryptocurrency from that photo company you haven’t heard of since you used a disposable camera. But for now, it looks like only photographers can get it on it. It is actually a Vancouver-based company called Global Blockchain Technologies Corp. which is licensed by Kodak to use its name for this new cryptocurrency. It has already begun pre-selling it ahead of a public initial coin offering (ICO), sinking $2m into Kodak Coin. They have reportedly subscribed for all 8m Kodak Coins available in the pre-ICO first stage. The ICO date is not specified yet. The KodakOne platform will use the blockchain technology to enable photographers and agencies to register their work, sell rights to images and receive payment using KodakCoin. Participating photographers will receive payment for licensing their work immediately upon sale. Both professional and amateur photographer can sell their work confidently on a secure platform. Now, what’s in it for investors? The value of KodakCoin from a trading point-of-view will depend on the level of enthusiasm among market participants, as well as, the amount of “reserves” of the coin, the rate of their release, and availability on major cryptocurrency exchanges. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.
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