Sunstock, Inc.’s (SSOK) Management Team Moves Forward with “Triple 8,” Precious Metal Asset Back Crypto Tokens
August 13 2018 - 1:00PM
Blockchain Strategist and Angel
Investor Mr. James Sowers Becomes Company Advisor
SACRAMENTO, CA, Aug. 13, 2018 (GLOBE NEWSWIRE)
-- Sunstock, Inc. (SSOK: OTCMARKETS) announces that after months of
due diligence its management team believes “Triple 8” to become the
crypto tokens backing the Company’s assets held in precious
metals.
“Triple 8s’” tokens leverages precious metal
investments while revolutionizing, improving and expanding the
value of money, backed in precious metal assets. As such,
harnessing the metal values makes “Triple 8” a unique crypto with
efficiencies and traceable liquidities. Token holders can spend
their diversified portfolio back in precious metals within a
payment infrastructure familiar to that used in current banking
platforms using fiat monies. By tokenizing precious metals into the
blockchain, “Triple 8” introduces a user friendly and valid
monetary system. Redefining how the world uses and understands
money flows, the launch of “Triple 8” as asset-back crypto
currencies, tied to gold, silver and platinum bullion provides real
world value, not seen since the loss of the U.S. dollar monetary
gold standard.
SSOK’s management believes that “Triple 8” paves
the way for new levels of security and transparency in precious
metal investing with the development of innovative technologies
such as “IoT Smart Vaults” for storing assets and RFID tags, smart
cameras and smart scales for tracking logistics as the assets
travel to the vault from their source. Devices can track logistics
into the blockchain in real-time, creating verifiable sourcing and
authenticity of assets.
Further, Mr. James Sowers, an
internationally acclaimed blockchain strategist joined Sunstock,
Inc. as an advisor to management over the integrations of the
Company’s precious metal asset portfolio into value added crypto
currencies, like “Triple 8.” Recently, a Forbes Magazine
article listed Mr. Sowers ranking as 28 out of the top 50
successful leading angel investors. He provides expert commentary
on crypto currencies and blockchain trends as a TV personality on
“Exploring the Block,” which is a paid-for-TV
business program syndicated on the TV FOX BUSINESS
Network.
“Triple 8s’” ICO- Initial Coin Offering
introduces a money system which is valid, transparent, and
accountable, all through the use of blockchain technology, with one
token equaling one gram of each precious metal or combination of
precious metals.
Management will update accordingly on the SSOK
relationship with “Triple 8” as information becomes available.
For further information about this release contact, Mr. Jason
Chang, CEO, #916-860-9622 and email: enquiry@sunstockinc.com
Safe Harbor Statement
Certain statements contained in this press
release may be construed as "forward-looking statements" as defined
in the Private Securities Litigation Reform Act of 1995 (the
"Act"). The words "estimate," "project," "intends," "expects,"
"anticipates," "believes" and similar expressions are intended to
identify forward-looking statements. Such forward-looking
statements are made based on management's beliefs, as well as
assumptions made by, and information currently available to,
management pursuant to the "safe-harbor" provisions of the Act.
These statements are subject to certain risks and uncertainties
that may cause actual results to differ materially from those
projected on the basis of these statements. These risks and
uncertainties include, without limitation, our history of losses
and limited revenue, our ability to develop new products and evolve
existing ones. For a more complete description of these and other
risk factors that may affect the future performance of Sunstock,
Inc., see "Risk Factors" in the filings with the Securities and
Exchange Commission. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date made. The Company also undertakes no obligation to
disclose any revision to these forward-looking statements to
reflect events or circumstances after the date made or to reflect
the occurrence of unanticipated events.
Contact: Jason Chang
Sunstock, Inc.
(916) 860-9622
enquiry@sunstockinc.com
www.sunstockinc.com
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