SponsorsOne (CSE: $SPO.C) (Frankfurt: 5SO) Update on Two Patents Pending for #Cryptocurrency Intelligent Contracts and Currency Pricing
Waterloo, Ontario - January 25, 2018 (Investorideas.com Newswire) SponsorsOne Inc. (CSE: SPO) (Frankfurt: 5SO) (the "Company"), has developed the SponsorsCloudTM platform to support the world's first scalable digital cryptocurrency for social networks called the SponsorCoin. SponsorCoin support smart contracts between Brands, Consumers and Influencers which automatically determines compensation for authentic social engagement. SponsorsOne is pleased to provide an update on it's two patent applications that could revolutionize the engagement process between Brands and their authentic communities.
"These are two critical patents that provide the scale of engagement between the Brand and their authentic community of millions of users" stated Myles Bartholomew, Founder and CEO of SponsorsOne. "Moving from an Agency of One model for marketing to community of millions provides unreal acceleration for the Brand, this technology will turn hundreds of millions of users into Brand Influencers."
The first Patent, Sponsorship Management, filed on September 20, 2013 represents the intelligence contract system that determines the authenticity of the engagement by the User and rewards with the cryptocurrency SponsorCoin. It's this automation that scales to hundreds of millions of users on every Brand engagement, no matter how small and determines if the campaign was successful leading to a sale of product. In essence, we have determined a method for valuing Earned Media - Word of Mouth Marketing within the social network at very large scale.
The second Patent, Currency Redemption filed on March 24, 2015 brings automatic pricing of the cryptocurrency when a transaction occurs between the Brand and the User. It has been found that certain Brand and User relationships have different values placed on it. This patent determines the value of the relationship and prices the Currency at time of a transaction. For example, Nike may put a higher value on a high school basketball player then on a eGamer and when either user goes to buy those Nike shoes the Basketball Player will receive higher value on their SponsorCoin at time of purchase. Cryptocurrency today is based on speculation, supply and demand whereas the SponsorsCoin is based on Social Capital directly between the Brand and User dynamically for every transaction.
Both patents have been filed as an International Patent and are in review in multiple patent offices around the world. SponsorsOne is committed to protecting it's IP globally and is at the forefront of revolutionizing Brand marketing within the social realm using cryptocurrency.
SponsorsOne is positioned as a leader in the next evolution of social digital marketing and crypto-commerce with the SponsorsCloudTM platform and its highly scalable digital - smart contract based crypto-currency called SponsorCoin. Combined, this allows Brands to build and manage their own proprietary and highly engaged communities of influencers within the social realm. The SponsorsCloudTM platform allows for data driven marketing campaigns that will change the way brands connect to their customers and compensate the consumer for authentic engagement using the SponsorCoin digital crypto-currency. SponsorsCloudTM and SponsorsCoin is a tool for brands to inspire real movements around their products and services in which their most valuable customers become their best salespeople, producing far greater ROI than current social media advertising methods.
ON BEHALF OF THE BOARD
Gary Bartholomew, Executive Chairman
The Canadian Securities Exchange ("CSE") has neither approved nor disapproved the contents of this Press Release.
This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with marketing and sale of securities; the need for additional financing requirements and access to capital, reliance on key personnel; the potential for conflicts of interest among certain officers or directors with certain other projects; the volatility of the volume and price of the Common Shares, the failure of the business strategy, the integrity of the Company's patents and proprietary intellectual property and competition. The Company cautions that the foregoing list of risk factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events, including the risk factors set out in the Company's Listing Statement. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to above will not cause such forward-looking statements and information to differ materially from actual results or events.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.
SponsorsOne Inc. (CSE: SPO)
is a featured company on Investorideas.com
Visit Profile page: http://www.investorideas.com/CO/SPO/Get News Alerts on SponsorsOne Inc.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: SponsorsOne Inc. (CSE: SPO) - paid PR, media, news publishing and social media client on Investorideas effective January 8, 2018 for fourty five days
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.
Investorideas.com features content for Bitcoin, Blockchain and Digital Currency Stocks and ICO's at Cryptocurrencyinvestorideas.com, Blockchaininvestorideas.com and Investorideas.com
View our growing Bitcoin, Blockchain and Digital Currency Stocks Directory
Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073
Check out our crypto blog on blogger.com
Recently added - Bitcoinandblockchainstocks.com at http://www.bitcoinandblockchainstocks.com/