ATW Tech, which operates a portfolio of companies in mobile payments, marketing, and interactive solutions, has announced the completion of the first phase for the integration of blockchain technology into its gaming, voting, and fundraising platforms, among others. The integration is a part of its ongoing global partnership with Einsteinium (EMC2) Foundation, which is building a funding platform for scientific research and cutting edge IT and crypto projects. With the completion of the first phase, Voxtel, a subsidiary of ATW Tech, has begun accepting Einsteinium cryptocurrency as payment on its unified payment platform.
Further integration of Einsteinium in the ongoing phases will enable the purchase, exchange, and transfer of EMC2 Coins via Voxtel’s payment gateway. ATW Tech is also planning to build a p2p gaming network. Additionally, being a leader in mobile fundraising and political voting in Canada, Voxtel will also focus on creating a platform for political contributions in the fall of 2018.
Michel Guay, CEO of ATW Tech said
“We’ve been looking at crypto for quite some time. Many organizations are getting in on the cryptocurrency craze for example to fund political campaigns and we want to be the first facilitator.”
Ben Kurland, Chief Strategist of the Einsteinium Foundation said
“Using Einsteinium for fundraising efforts has the distinct advantage of creating transparency in an area where it is needed most. Furthermore, it can be far more efficient than other payment solutions due to its speed, security and ability to be transferred internationally.”
ATW Tech has been trading on the TSX Venture Exchange under the ticker symbol ATW since December 2012. Formerly known as AtmanCo, ATW Tech has adopted its new name to better represent the company’s strategic vision and direction. After building its reputation in the HR industry with its scientifically validated personality and psychometric tests, ATW Tech went through a transformative acquisition with the company Voxtel. Following this transformative acquisition, ATW Tech continues to work on important acquisitions that are driving the business’s next level of growth, while simultaneously moving into additional revenue streams that complement existing legacy programs.
ATW Tech’s vision is to provide businesses and consumers with an enriched, interactive communication experience based on data-crossing of psychometry and big data through artificial intelligence algorithms. The company aims to become the world leader in interactive communications and monetization solutions through its inter-connectivity with telecommunications operators across the globe.
About Einsteinium Foundation
The Einsteinium Foundation is the world’s first official Non-Profit Organization to be backed by cryptocurrency. The Einsteinium Foundation’s mission is to raise funds for scientific research. The company’s mining tax creates a pool of funds that provide grants to deserving applicants. So far the Foundation has contributed 16M of EMC2 coins for science projects.
The Foundation awards grant money to worthy applicants. There are no restrictions on which projects are eligible but they must be scientific in nature, and strive to build a better, safer and more stable future.
Einsteinium (EMC2) is an open source, Bitcoin-like digital currency which uses a proof of work script algorithm. The genesis block was mined on March 1st, 2014. The total number of mineable EMC2 is 245,465,283. The mining of Einsteinium is divided into Epochs. Each Epoch mines 36000 blocks of coins and is targeted to last approximately 25 days. All coins will be in circulation by the year 2064. After this point of maturation, it is anticipated that a fork will occur causing a new (yet to be determined) governance system put in place, creating a natural inflation rate of 2%, making EMC2 ideal to be used as a stable global currency.
As part of the design, a 2.5% mining tax was created. When coins are mined, 2.5% are automatically donated to the Foundation Fund. (2% to be given to science projects and 0.5% going towards faucets, donations and marketing costs. The ledger of accounting for Einsteinium is immutable. Furthermore, it shall be a deflationary currency for a period of 50 years, allowing enough time to reach critical mass.
An upcoming feature of EMC2 will enable it to perform atomic swaps, or instantaneously convert into a different form such as Bitcoin, or even coins backed by fiat currency. Therefore, it can perform all of the necessary functions of accounting to ensure a safe and transparent record of exchange.