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Blockchain Foundry $BCFN.ca Invests CAD$1 Million to Purchase 2.2 Million Syscoin for Treasury; Total Syscoin Treasury Reaches Approximately 6.4 Million Syscoin Tokens $HUT.ca $BITF.ca $GLXY.ca $HIVE.ca $VYGR.ca

Posted by AGORACOM-JC at 9:44 AM on Tuesday, April 6th, 2021
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  • Announced that it has acquired 2,223,215 Syscoin tokens which it intends to hold as a long term asset.
  • The Company purchased these Syscoin tokens for approximately C$0.45 per token for a total of CAD$1 million.
  • This investment brings BCF’s total Syscoin treasury holdings to approximately 6,353,607 Syscoin, worth approximately CAD$3 million at current market rates 1 .
  • The Company “stakes” its current Syscoin balances and intends to stake its additional Syscoin holdings.
  • Staking currently generates an annual return of approximately 5.71% 2 , increasing to approximately 7.71% after tokens have been staked for one year.

TORONTO, April 06, 2021 — Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN), a leading North American blockchain development firm, is pleased to announce that it has acquired 2,223,215 Syscoin tokens which it intends to hold as a long term asset. The Company purchased these Syscoin tokens for approximately C$0.45 per token for a total of CAD$1 million. This investment brings BCF’s total Syscoin treasury holdings to approximately 6,353,607 Syscoin, worth approximately CAD$3 million at current market rates 1 . The Company “stakes” its current Syscoin balances and intends to stake its additional Syscoin holdings. Staking currently generates an annual return of approximately 5.71% 2 , increasing to approximately 7.71% after tokens have been staked for one year.

BCF believes strongly in the future of Syscoin, its growing market acceptance as a blockchain infrastructure ecosystem, and its future valuation potential. The Company is a core contributor to the open source Syscoin protocol and has also created proprietary applications that rely on the Syscoin ecosystem. Going forward, BCF intends to create decentralized finance applications, including NFT systems, using Syscoin’s infrastructure.

On April 30, 2021 3 , the Syscoin protocol will have its first upgrade since December 2019, upgrading to Version 4.2, known as Syscoin LUX (“LUX”). LUX will introduce several cutting-edge features into Syscoin, including zero-fee layer 2 smart contract functionality, fractional and non-divisible NFT capabilities and notary features which allow for customizable payment rules defined off-chain to be enforced at the core blockchain level. LUX will also preserve Z-DAG, Syscoin’s patent pending high-throughput transaction technology which allows for more than 140,000 transactions per second at scale.

“We are pleased to be making a substantial financial investment in Syscoin as we look forward to the upcoming release of Syscoin LUX. Creating strong economic alignment between the Company’s Syscoin-related efforts and the potential appreciation of the Syscoin token is important so that BCF shareholders can directly benefit from increasing adoption and acceptance of the Syscoin token and infrastructure as enabled by BCF products and open source contributions,” said Dan Wasyluk, CEO of BCF.

Commenting further, Mr. Wasyluk added, “our enterprise software and decentralized finance product strategies rely on using Syscoin blockchain infrastructure for our product offerings, and investing financially in the success of the ecosystem allows our shareholders to directly benefit from this growth. The innovative features BCF has contributed to LUX are a direct response to the needs of our clients and cover a wide variety of use cases. These new features will serve as the backbone for certain BCF products. Additionally, LUX will enable developers to create applications powered by Syscoin Platform Tokens using the same languages and tools with which they’re already familiar.”

LUX enhances the core offering of Syscoin as a scalable, versatile and innovative blockchain platform and for the first time includes major new features sourced directly from BCF’s consulting practice, a real-world touch point unique to BCF’s strategy. The Company expects that LUX and the related products and use cases it supports will further enhance BCF’s reputation as a leading blockchain technology company and contribute further to BCF’s growth and the overall growth and acceptance of the Syscoin ecosystem.

Read More: https://agoracom.com/ir/BlockchainFoundry/forums/discussion/topics/758572-blockchain-foundry-invests-cad-1-million-to-purchase-2-2-million-syscoin-for-treasury-total-syscoin-treasury-reaches-approximately-6-4-million/messages/2310960#message

Loop Insights $MTRX $RACMF Appointed Steward of Sovrin Foundation, Offering World’s First Blockchain-backed Digital Wallet Pass Identity Platform $QTRH.ca $SNSR $BSQR $PTS.ca

Posted by AGORACOM-JC at 8:16 AM on Monday, April 5th, 2021
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  • Announced the Company has joined the Sovrin Foundation, an open-source, open-standards technology platform for digital identity.
  • Built on a public blockchain, the Sovrin Ledger protects personal information while giving control of personal data back to the individuals.
  • Loop joins over 70 leading tech organizations around the world including Cisco, T-Mobile and NEC that have committed computing power and resources to strengthen the Sovrin Network.

VANCOUVER, British Columbia, April 05, 2021 — Loop Insights Inc. (MTRX:TSXV; RACMF:OTCQB) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights and enhanced customer engagement to the brick and mortar space, is pleased to announce the Company has joined the Sovrin Foundation, an open-source, open-standards technology platform for digital identity. Built on a public blockchain, the Sovrin Ledger protects personal information while giving control of personal data back to the individuals. Loop joins over 70 leading tech organizations around the world including Cisco, T-Mobile and NEC that have committed computing power and resources to strengthen the Sovrin Network.

INTEGRATION WITH SOVRIN FOUNDATION WILL ENHANCE LOOP’S WALLET PASS THROUGH IMPROVED SECURITY, PRIVACY, AND INTEROPERABILITY WITH MAJOR TECH LEADERS

Loop Insights currently issues credentials through the native mobile wallet that is embedded in Apple iOS and Google Android smartphones, which has been leveraged by Passcreator to offer a secure and easy-to-use platform. However, this data can be difficult for third parties to verify.

On January 12, 2021 Loop Insights finalized its acquisition of Passcreator to provide Loop with complete control over Passcreator and its wallet pass platform. By joining the Sovrin Foundation, the credentials that Loop Insights issues can be fully verified by any third party, allowing organizations to check them against Sovrin’s independent public blockchain. This integration is expected to greatly enhance the existing security and privacy of personal information that is encrypted and secured on Loop’s wallet pass platform, originally created by Passcreator.

By validating our issuance and data on the public Sovrin Ledger, Loop will greatly expand the interoperability of its mobile wallet passes, which can now be validated by any organization or individual. The security of the Sovrin Ledger will also enable users to share individual pieces of information with third parties without revealing their entire personal identity.

As Loop Insights is a data company that is fully committed to improving the security and integrity of personal information, it has become clear that public blockchain technologies will be critical to the security and privacy of personal information moving forward. Loop Insights is excited to be driving this shift together with Sovrin and the many organizations dedicated to enhancing the security, functionality, and customer experience of mobile wallet passes.

Loop Insights’ goal is to architect and launch a platform that provides seamless interoperable data connectivity for physical venue and retail operators. With the addition of supportive blockchain verification, the Company is now able to issue verified digital wallet credentials through the native wallet in each and every smartphone.

As countries look to reopen the economy and to provide transformative future-proofed solutions, Loop Insights is working to provide a seamless, secure, and simple user experience through its Wallet pass platform. The Company has recognized the overwhelming number of third-party applications on the market today and therefore anticipates the native wallets found on Apple and Google smartphones will become dominant platforms.

Chris Raczkowski, Chair of the Sovrin Foundation Board of Trustees stated:
“The Sovrin Foundation is very excited to welcome Loop Insights as the newest Steward of the Sovrin Ledger. The innovative Loop Insights team will strengthen the Sovrin network moving forward as we continue to offer secure and privacy-preserving digital identities for all.”

This Press Release Is Available On The Loop Insights Verified Forum On AGORACOM For Shareholder Discussion And Management Engagement https://agoracom.com/ir/LoopInsights/forums/discussion

Read More: https://agoracom.com/ir/LoopInsights/forums/discussion/topics/758500-loop-insights-appointed-steward-of-sovrin-foundation-offering-world-s-first-blockchain-backed-digital-wallet-pass-identity-platform/messages/2310832#message

AGORACOM Small Cap 60: How Big Is Loop Insights $MTRX $RACMF 5 Store Pilot Agreement With Sobeys? $QTRH.ca $SNSR $BSQR $PTS.ca

Posted by AGORACOM-JC at 10:12 AM on Tuesday, March 30th, 2021
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VIDEO – Loop Insights $MTRX Pilot Test With Sobeys, Canada’s 2nd Largest Grocer, Is “An Obvious Fit” That Could Extend To 1,500 Stores and 15,000 Registers If Successful $AT.ca $QTRH.ca $SNSR $BSQR $PTS.ca

Posted by AGORACOM-JC at 5:53 PM on Thursday, March 18th, 2021
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Loop Insights is a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights and enhanced customer engagement to the brick and mortar space.  

What does this mean?  Loops real-time AI data capabilities changes everything about your check out experience at a brick and mortar store.  Up until now, you simply walked up to the register and paid your bill.  If you were lucky, you were handed some coupons for your next visit.  It didn’t matter if those coupons didn’t apply to you, everybody got one.

Loop “Insights”, on the other hand, uses data and artificial intelligence to instantly determine what would be important to you and makes you an offer on the spot to buy more product from the store or their e-commerce site.  More than just lip service, here is what Sobeys Chief Information Officer Bruce Burrows had to say: 

Loop Insights’ diverse suite of services was an obvious fit for Sobeys as we look to drive consumer engagement and close gaps in our personalization of the customer experience. By testing Loop’s Fobi device in our retail operations, we hope to connect more directly with customers while returning AI-driven insights to optimize our retail operations.” 

“An obvious fit” for a company with $28 BILLION in revenue pretty much tells you everything you need to know … but if you think that sounds powerful, then you should know that it is just scratching the surface of Loop capabilities.   

To understand more, you need to watch this great interview with Loop Insights CEO, Rob Anson.

Loop Insights $MTRX $RACMF Enters Into Five-Store Pilot Agreement With Sobeys, Canada’s Second-Largest Grocer, To Deliver Digital Receipts Via Loop’s Wallet Pass Technology $AT.ca $QTRH.ca $SNSR $BSQR $PTS.ca

Posted by AGORACOM-JC at 8:37 AM on Thursday, March 18th, 2021
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  • Company has entered into a five-store pilot with Sobeys, Canada’s second-largest grocer, to provide Sobeys with Loop’s Insights and Engage platforms, including its new digital receipt capability, as well as Loop’s Wallet pass technology.

VANCOUVER, British Columbia, March 18, 2021 — Loop Insights Inc. (MTRX:TSXV RACMF:OTCQB) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, is pleased to announce the Company has entered into a five-store pilot with Sobeys, Canada’s second-largest grocer, to provide Sobeys with Loop’s Insights and Engage platforms, including its new digital receipt capability, as well as Loop’s Wallet pass technology.

Sobeys SVP and Chief Information Officer Bruce Burrows stated: “Loop Insights’ diverse suite of services was an obvious fit for Sobeys as we look to drive consumer engagement and close gaps in our personalization of the customer experience. By testing Loop’s Fobi device in our retail operations, we hope to connect more directly with customers while returning AI-driven insights to optimize our retail operations.”

Loop Insights CEO Rob Anson stated: “Signing this five-store pilot agreement with Sobeys, which generates over $28 Billion in annual sales from more than 1,400 stores under various banners across Canada, is another clear indication of the power of Loop’s enterprise-level services, including Engage, Insights and our Wallet pass technology. Following our LOI to acquire Passcreator, we now have complete control of our technology, which will allow for customized, large-scale implementations for our clients.”

Under the terms of the agreement, the Company will deploy its Fobi device at five select Sobeys locations in order to pilot the onboarding of shoppers to receive electronic receipts.

Should the pilot program achieve its desired results, the parties may expand the scope of the relationship to additional Sobeys locations.

This Press Release Is Available On The Loop Insights Verified Forum On AGORACOM For Shareholder Discussion And Management Engagement https://agoracom.com/ir/LoopInsights/forums/discussion

Read More: https://agoracom.com/ir/LoopInsights/forums/discussion/topics/757560-loop-insights-enters-into-five-store-pilot-agreement-with-sobeys-canada-s-second-largest-grocer-to-deliver-digital-receipts-via-loop-s-wallet-pass/messages/2308731#message

AGORACOM SMALL CAP 60: How Important Has @LoopInsights $MTRX $RACMF Technology Been To Large Sporting Events Such as #NCAA Big West Conference Championships? $AT.ca $QTRH.ca $SNSR $BSQR $PTS.ca

Posted by AGORACOM-JC at 12:30 PM on Friday, March 12th, 2021
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Rob Anson, CEO of Loop Insights Acquires 255,000 Shares of $MTRX $RACMF In the Public Market $AT.ca $QTRH.ca $SNSR $BSQR $PTS.ca

Posted by AGORACOM-JC at 2:47 PM on Wednesday, March 10th, 2021

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Blockchain Foundry $BCFN.ca Announces CAD$10 Million Private Placement with Institutional Investors $HUT.ca $BITF.ca $GLXY.ca $HIVE.ca $VYGR.ca

Posted by AGORACOM-JC at 8:44 AM on Monday, March 8th, 2021
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  • Entered into a securities purchase agreement with certain institutional investors to issue in a private placement 29,792,595 common shares (“Common Shares”) and warrants to purchase up to 29,792,595 Common Shares (“Warrants”), at a purchase price of CAD$0.3375 per Common Share and associated Warrant
  • Gross proceeds to BCF of approximately CAD$10 million

TORONTO, March 07, 2021 — Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN), a leading North American blockchain development firm, is pleased to announce that it has entered into a securities purchase agreement with certain institutional investors to issue in a private placement 29,792,595 common shares (“Common Shares”) and warrants to purchase up to 29,792,595 Common Shares (“Warrants”), at a purchase price of CAD$0.3375 per Common Share and associated Warrant, for gross proceeds to BCF of approximately CAD$10 million (the “Private Placement”). The Warrants have an exercise price of CAD$0.45 per Common Share and may be exercised at any time prior to the fifth-year anniversary of the issuance date.

H.C. Wainwright & Co. is acting as the exclusive placement agent for the Private Placement.

The Private Placement is expected to close on or about March 10, 2021, subject to satisfaction of customary closing conditions, including receipt of all necessary corporate and regulatory approvals, including Canadian Securities Exchange approval.

The net proceeds of the Private Placement will be used by the Company for working capital and general corporate purposes, including, without limitation, hiring of development and other personnel, marketing the Company’s products and services and repayment of debt.

H.C. Wainwright & Co. will be paid a cash commission of 8.0% of the gross proceeds raised in the Private Placement and issued warrants (the “Broker Warrants”) to purchase up to an aggregate of 8.0% of the number of Common Shares placed in the Private Placement. Each Broker Warrant will have an exercise price of CAD$0.45 per Common Share and may be exercised at any time prior to the fifth year anniversary of the issuance date.

Read More: https://agoracom.com/ir/BlockchainFoundry/forums/discussion/topics/756800-blockchain-foundry-announces-cad-10-million-private-placement-with-institutional-investors/messages/2307027#message

Loop Insights $MTRX $RACMF Appoints Former Epson General Manager of Global Brand & Marketing Communications, Ian Cameron, as VP of Marketing to Support Loop’s Continued Global Expansion in 2021 $AT.ca $QTRH.ca $SNSR $BSQR $PTS.ca

Posted by AGORACOM-JC at 9:45 AM on Thursday, March 4th, 2021
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  • Announced the appointment Ian Cameron, former General Manager of Global Brand & Marketing Communications at Seiko Epson Corporation, as its VP of Marketing, effective March 15th, 2021
  • Ian Cameron is a global marketing, eCommerce, and brand executive with over 20 years of experience delivering positive business results for major companies, including Epson, a global printing equipment leader with a market cap of $US 5.73 billion

VANCOUVER, British Columbia, March 04, 2021 – Loop Insights Inc. (MTRX:TSXV RACMF:OTCQB) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement, and automated venue tracing for the brick and mortar space, is pleased to announce the Company has appointed Ian Cameron, former General Manager of Global Brand & Marketing Communications at Seiko Epson Corporation, as its VP of Marketing, effective March 15th, 2021.

Cameron Joins Loop Insights After Establishing and Managing Epson’s Global Marketing Team

Ian Cameron is a global marketing, eCommerce, and brand executive with over 20 years of experience delivering positive business results for major companies, including Epson, a global printing equipment leader with a market cap of $US 5.73 billion.

Epson (an abbreviation for “Son of Electronic Printer”), is a Japanese electronics company and one of the world’s largest manufacturers of computer printers, and information and imaging-related equipment.

Loop Insights CEO Rob Anson stated: “Ian’s experience working with a global leader such as Epson speaks to the level of talent that Loop has been able to attract. As a global marketing and communications expert, Ian is another key strategic addition to our team. I look forward to working alongside Ian and witnessing his impact on our marketing efforts as Loop continues to position and prove itself as a global leader in the Artificial Intelligence and data applications space.”

Strong Executive Leadership Positions Loop to Continue to Accelerate Expansion for 2021

Under Cameron’s leadership, Epson centralized redundant regional activities increasing profitability significantly and improved their global digital user experience while saving millions of dollars annually for the company through a Global digital transformation project that unified multiple disparate regional content management, eCommerce, and product information systems.

Cameron’s experience in driving successful enterprise global marketing campaigns is expected to significantly contribute to continued growth and scale for Loop Insights in 2021.

Ian Cameron stated: “I am very excited to join the Loop team and to support and contribute to the growth of the company. Loop’s clear multifaceted value propositions are very exciting and as a marketing professional, the value of attribution, campaign performance, and the granularity of the data analytics that Loop is able to provide is simply unparalleled. Loop’s technology is something that marketers only wish for and dream of.”

On January 28th , Loop Insights appointed Tamer Shafik, the former Director of Solution Architecture at NTT Data Corp of Japan, as the company’s new Chief Technology Officer in support of Loop’s global scale. Shafik joined the company as a result of a flourishing partnership between Loop and NTT Data. Shafik’s immense experience and skillset have already made a significant impact with the Loop team, transforming the product department in a short amount of time.

Read More: https://agoracom.com/ir/LoopInsights/forums/discussion/topics/756557-loop-insights-appoints-former-epson-general-manager-of-global-brand-marketing-communications/messages/2306457#message

Blockchain Foundry $BCFN.ca DeFi Strategy, Enterprise Development Initiatives and New Customer Acquisitions $HUT.ca $BITF.ca $GLXY.ca $HIVE.ca $VYGR.ca

Posted by AGORACOM-JC at 9:00 AM on Wednesday, March 3rd, 2021
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  • Company is actively pursuing a two-pronged strategy to roll out products in the decentralized finance (“DeFi”) space and more traditional enterprise software solutions which leverage blockchain capabilities.
  • DeFi is a new area of blockchain technology that uses smart contracts to perform operations that would typically be performed by centralized entities or a series of intermediaries.
  • BCF has been actively evaluating blockchain-enabled product opportunities in several industry verticals, including remittances, loyalty applications and digital identities.

TORONTO, March 03, 2021 — Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN), a leading North American blockchain development firm, is pleased to provide an update on its product strategy, development initiatives and new customer acquisitions.

Product Strategy

The Company is actively pursuing a two-pronged strategy to roll out products in the decentralized finance (“DeFi”) space and more traditional enterprise software solutions which leverage blockchain capabilities.

Decentralized Finance (DeFi) Initiatives

DeFi is a new area of blockchain technology that uses smart contracts to perform operations that would typically be performed by centralized entities or a series of intermediaries. Some examples of DeFi applications include:

  • Non-fungible tokens (“NFTs”), representing unique items such as works of art, digital collectibles or in-game items;
  • Automatic trading, market making and liquidity pools for digital assets;
  • Insurance contracts triggered automatically by pre-specified events and conditions; and
  • Stablecoins which are pegged to fiat currencies, precious metals or other traditional asset classes.

Most DeFi applications are built on the Ethereum blockchain. As discussed in previous Company disclosure, BCF has been a major contributor to the open source Syscoin blockchain protocol, which has cost, speed, security and scalability advantages over many public blockchains, including Ethereum.

BCF is assisting with the development efforts for the next release of Syscoin, version 4.2, which is expected to be released by April 30, 2021. Syscoin 4.2 will feature support for NFTs, a commonly requested feature by BCF clients, and will lay the groundwork for future Syscoin innovations, including Syscoin’s Network-Enhanced Virtual Machine (“NEVM”). NEVM is an improved version of Ethereum’s Virtual Machine (“EVM”) and serves as the backbone for smart-contract execution within the Syscoin ecosystem. NEVM will provide better security, speed and scalability through the use of zero-knowledge proofs (“ZKPs”) 1 .

Key to the Company’s strategy is enhancing the Syscoin protocol in ways which allow BCF to operate decentralized finance applications in much more efficient ways than are currently possible on today’s public blockchains. Over the next 3-6 months, the Company intends to release an initial DeFi solution to be developed on Ethereum or Binance Smart Chain. This initial DeFi implementation is expected to have lower fees than competing products due to the Company’s unique expertise in ZKPs in combination with Layer 1 and 2 systems which will be adapted to this solution. Competing DeFi products, most notably products like Uniswap, Balancer, Kyberswap and 1Inch, charge a fee based on the transactional volume processed by the platform. Uniswap charges a fee of 0.3% and frequently handles more than $1 billion in daily trading volume and processes over 100,000 daily transactions 2 . On the current Ethereum network, 100,000 transactions would cost approximately $300K compared with less than $1 for the same number of transactions on the Syscoin network 3 .

Many DeFi applications are difficult to use, prone to scams and fraud and generally do not appeal to mainstream users. BCF intends to leverage its expertise in developing consumer and enterprise solutions for clients to distinguish its offering from others on the market and appeal to a mainstream audience.

BCF’s initial DeFi release will be deployed, tested and improved upon throughout 2021 with the intention of releasing a more scalable, faster and cheaper implementation on Syscoin as soon as the underlying Syscoin architecture is ready for deployment, currently estimated for Q4 2021 or Q1 2022.

Enterprise Development Initiatives

BCF has been actively evaluating blockchain-enabled product opportunities in several industry verticals, including remittances, loyalty applications and digital identities. For each use case, the Company has been engaging with potential industry partners who would be the initial users of any products developed by BCF and who would assist the Company in its roll out of these products to enterprise users. The Company continues to evaluate enterprise use cases and partnerships and will provide updates to the market as these initiatives progress.

New Customer Acquisition

In addition to its product development strategy, the Company continues to provide consulting and development services to projects where it believes it has a strong technological advantage and can add value for its clients.

BCF has recently engaged in two solution design projects, one for a carbon exchange product using a digital asset to represent sequestered carbon, and another project building an NFT platform to track the popularity of music, movies and TV shows and produce a corresponding payout. Both of these projects represent innovative use cases for blockchain technology and BCF looks forward to completing these solution designs and beginning work on full scale design and implementation proposals for these clients.