LAS VEGAS, NV / ACCESSWIRE / August 14, 2019 / Vivakor, Inc. (OTC PINK:VIVK), a technology and asset acquisition company with a focus in the area of natural resources, announces it will be launching a gold-backed cryptocurrency token later this year.
VivaCoins are blockchain tokens representing physical gold held in an insured storage account with the Delaware Depository Services Company, DDSC. The stored gold will be denominated in one-half Troy ounce investment grade coins minted exclusively for Vivakor, Inc. Each VivaCoin digital token will be backed by one VivaCoin physical gold coin. All digital value will be backed 1:1 with vaulted gold coins. Customers can use the Delaware facilities to store their metals within a Precious Metals IRA. All metals held in trust are professionally audited and insured.
“In anticipation of market volatility and future global revenues, Vivakor will be issuing blockchain cryptocurrency tokens for use with customer transactions and royalty payments. In response to unsolicited requests from international investors to participate in Vivakor RPC Technology programs, have led us to develop a blockchain token with beneficial features for Vivakor’s global client base. Secure immutable blockchain transactions afford seamless customer transactions and instant distribution of investor payments. VivaCoins will be launched in the third quarter and distribution will begin by the end of 2019,” stated Vivakor Chief Executive Officer Matt Nicosia.
Vivakor, Inc. (), a technology and asset acquisition company with a focus in the area of natural resources. Vivakor’s corporate mission is to create, acquire and accumulate distinct assets, intellectual properties, and exceptional technologies that produce solid returns to its valued shareholders and partners. The company currently focuses on bitumen (heavy crude) extraction from shallow, oil-laden areas in Eastern Utah, along with petroleum based remediation projects across the globe. The technologies utilized are low-cost, proprietary and proving themselves industry disruptive when measured by a number of important factors. The general business model has been to be an acquisition hub, focused on building and acquiring cash-flowing assets in discrete areas that have an acknowledged technological advantage and enable a substantial market opportunity within significant target markets across the globe. Our research, and the technology we acquire are anchored by our relationships with synergistic partners and product-specific commercialization strategies. From the point of product or technology conception, or through acquisition, development and commercialization, we expect to have strategic partners, joint ventures or licensing arrangements in place for many of our products in order to sustain revenue attainment.
This news release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including economic slowdown affecting companies, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor’s filings with the Securities and Exchange Commission, which factors may be incorporated herein by reference. Forward-looking statements may be identified but not limited by the use of the words “anticipates,” “expects,” “intends,” “plans,” “should,” “could,” “would,” “may,” “will,” “believes,” “estimates,” “potential,” or “continue” and variations or similar expressions. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
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