ROSLYN, N.Y., Feb. 23, 2021 /PRNewswire/ -- Sino Global
Shipping America Ltd has signed a Memorandum of Understanding to
cooperate with the e-commerce blockchain company CyberMiles
Foundation to jointly explore opportunities using CyberMiles'
blockchain non-fungible token ("NFT") CRC-721 protocol and trading platform, which
allows enterprises, institutions, and individuals to issue and
trade NFTs on CyberMiles' public blockchain.
Many cryptocurrencies like Bitcoin and Ethereum are considered
fungible tokens. Each fungible token is identical to each other
fungible token: one Bitcoin is equal in value to any other one
Bitcoin. Non-fungible tokens are different. Each NFT is
unique and not interchangeable with another. This feature makes
NFTs ideal where the provenance of underlying assets is important.
For example, digital art pieces, sports memorabilia, in-game
assets, other digital collectibles, contracts and even
limited-edition physical products that are digitally linked to
verify scarcity. The total value of the NFT market is now estimated
at $250 million.
CyberMiles (https://www.cybermiles.io/en-us/) (CMT) is a next
generation public blockchain for smart contracts. CyberMiles' Smart
Business Contracts are optimized for e-commerce applications. It
provides a large library of commerce-related Smart Business
Contracts, striving to offer the best streamlined process and
experience in helping to build decentralized e-commerce
applications.
About Sino-Global Shipping America, Ltd.
Founded in the United States in 2001, Sino-Global
Shipping America, Ltd. is a company engaged in shipping,
chartering, logistics and related services. Headquartered
in New York, Sino-Global has offices in Los Angeles,
Mainland China, Australia, Canada and Hong
Kong. The Company's current service offerings consist of shipping
agency services, shipping and chartering services, inland
transportation management services and ship management services.
Additional information about Sino-Global can be found on the
Company's corporate website at www.sino-global.net. The
Company routinely posts important information on its website.
Forward-Looking Statements
Certain statements made herein are "forward-looking statements"
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Such forward-looking statements include timing
of the proposed cryptocurrency mining initiative; the business
plans, objectives, and expectations of the Company regarding the
initiative, and SINO's estimated and future results of operations,
business strategies, competitive position, industry environment and
potential growth opportunities. These forward-looking statements
reflect the current analysis of existing information and are
subject to various risks and uncertainties. As a result, caution
must be exercised in relying on forward-looking statements. Due to
known and unknown risks, our actual results may differ materially
from our expectations or projections. All forward-looking
statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by these factors.
Other than as required under the securities laws, the Company does
not assume a duty to update these forward-looking statements.
The following factors, among others, could cause actual results
to differ materially from those described in these forward-looking
statements: there is uncertainty about the spread of the COVID-19
virus and the impact it will have on SINO's operations, the demand
for SINO's products and services, global supply chains and economic
activity in general. In addition, the value of cryptocurrencies may
fluctuate significantly over time. These and other risks and
uncertainties are detailed in the other public filings with
the SEC by SINO.
Additional information concerning these and other factors that
may impact our expectations and projections will be found in our
periodic filings with the SEC, including our Annual Report on
Form 10-K for the fiscal year ended June 30, 2020.
SINO's SEC filings are available publicly on
the SEC's website at www.sec.gov. SINO disclaims any
obligation to update the forward-looking statements, whether as a
result of new information, future events or otherwise.
For more information, please contact:
Tina (Tuo) Pan, Acting Chief
Financial Officer
1-718-888-1814
tinap@sino-global.com
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SOURCE Sino-Global Shipping America, Ltd.