Direct-to-consumer custom and branded jewelry company Reign Sapphire Corp. (OTCQB: RGNP) this morning provided further updates on the proposed key features and timeline related to the launch of Reign Coin, the company’s innovative sapphire-backed cryptocurrency. As previously announced, Reign intends to launch Reign Coin through an initial coin offering (“ICO”), subject to regulatory approval. “We have made significant progress and look forward to releasing Reign Coin’s white paper,” Joseph Segelman, CEO of Reign, stated in the news release. “We are confident that Reign Coin will complement our existing businesses and add long-term shareholder value.” As detailed in this morning’s update, Reign Coin is unique among cryptocurrencies in that it will be backed by calibrated Australian sapphires, processed under Reign’s supervision from its ethical and sustainable supply chain. The company intends to release the Reign Coin white paper within the next eight weeks, with commencement of the token’s presale in Q3 2018, subject to regulatory approval.
To view the full press release, visit http://ibn.fm/BB5Hg
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About Reign Sapphire Corp.
Reign Brands operates through four key divisions: Reign Sapphires, which offers ethically produced, millennial-targeted sapphire jewelry; Coordinates Collection, a provider of custom jewelry inscribed with location coordinates to commemorate life’s special moments; and Le Bloc, which offers classic customized jewelry and the athleisure jewelry brand, ION Collection by Jen Selter. The company’s portfolio also includes Reign Ventures, a joint-venture platform for investment and development of jewelry technology related products; and Reign Blockchain to authenticate sapphires as conflict-free. Entries on the digital record can include attributes for each sapphire including the color, carat and certificate number. For more information, visit the company’s website at www.ReignSC.com
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