FAVORED, INC. (OTC:
FVRD) ANNOUNCES DEVELOPMENT ON ETHEREUM R&D
Miami Beach, FL -- November 2, 2017 -- InvestorsHub NewsWire --
Favored, Inc. (OTC
Pink: FVRD) announced today the company is working on Ethereum
R&D to integrate it onto BitTraderPro.com.
Favored, Inc., along with its wholly owned subsidiary Empire
Mobile Studios, are at present beta testing Bitcoin on the
company's trading exchange platform. Management believes that
Ethereum ("ETH") has extremely large potential as it grows in use
and popularity.
At present, the market cap of Bitcoin is in the $105 Billion
range, while Ethereum currently trails behind at a market cap
currently in the $29 Billion range. Year to date, Ethereum growth
is greater than 2,600% which is more than triple Bitcoin growth
YTD.
As stated by Reuters, "the Enterprise
Ethereum Alliance (EEA) will work to "enhance the privacy, security
and scalability of the Ethereum blockchain, making it better suited
to business applications", according to the founding companies.
Members of the 30-strong group also include Accenture Plc, Banco
Santander, BP Plc, Credit Suisse Group AG, UBS Group AG, Banco
Bilbao Vizcaya Argentaria, ING Groep NV, Bank of New York Mellon
Corp , Thomson Reuters Corp (and startups ConsenSys and
BlockApps."
"We intend to integrate the ability to trade additional digital
currencies and tokens to the exchange as various currencies grow in
popularity and demand. Working to add Ethereum at this early stage
of our development of the trading exchange makes perfect sense
given the enthusiasm of large, well-known companies have for the
Ethereum blockchain," stated Craig Coaches, President of Favored
Inc.
In other corporate news, Favored Inc. is working to reduce the
number of outstanding shares of the company's common stock. The
company looks forward to providing an update and additional details
in the near future.
About Favored, Inc.
Favored, Inc. is a publicly traded (OTC
PINK:FVRD) diversified holding company, which seeks
opportunities to acquire, develop, and grow businesses that can
generate long-term sustainable free cash flow and attractive
returns in order to maximize value for all stakeholders. Favored
seeks to develop a diverse array of operating subsidiaries.
Forward-Looking Statements Certain statements in this news
release may contain forward-looking information within the meaning
of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under
the Securities Exchange Act of 1934, and are subject to the safe
harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and
objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. Technical complications, which may arise, could
prevent the prompt implementation of any strategically significant
plan(s) outlined above. The Company undertakes no duty to revise or
update any forward- looking statements to reflect events or
circumstances after the date of this release.
Website: http://www.favoredinc.com/
Phone: 800-214-3109
Email: info@favoredinc.com