KodakOne, a fully registered initial coin offering (ICO) in which Global Blockchain Technologies Corp. (CSE:BLOC) (FSE:BWSP) (OTC:BLKCF) is a lead investor in, will host its own community channel on the ICOxConnect platform.
ICOxConnect is considered the first and only community development platform restricted to ICO listings that are compliant with applicable laws — and this includes KodakOne. This ICO is a result of a partnership between Kodak and WENN Digital that’s set for launch this year.
The platform aims to provide an online community for holders of the KodakCoin token, a photographer-oriented cryptocurrency designed to work with the KodakOne platform, to interact with one another.
Shidan Gouran, President of Global Blockchain, commented:
“The KODAKCoin ICO continues on schedule, and we are very excited that the KODAKOne community will have a secure and regulated platform in ICOxConnect.com upon which the community can ask questions and receive answers in accordance with the regulated ICO.”
Bruce Elliott, the President of ICOx Innovations said:
“Leveraging the ICOx Innovations platform and our strategic, regulatory, operational, blockchain and cryptocurrency development services, we were able to help develop the KODAKCoin and have consulted to ensure that the ICO and ongoing operations of KodakCoin by WENN Digital are managed in a fair, transparent and regulatory compliant manner in compliance with applicable laws.”
Last month, Global Blockchain became a lead investor in the KodakOne ICO with a US$2 million investment. The KodakOne platform uses the Ethereum blockchain to create an encrypted digital ledger of rights ownership for photographic archives. The purpose of the KodakCoin tokens is to have an exclusive way for photographers to receive payments for licensing and selling their work on the KodakOne platform.
Initially, the KodakOne ICO launch date was set for January 31, but it was later delayed by several weeks so that Kodak could add an accredited investor verification phase due to the “high degree of interest generated by the ICO.”
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