Highly Publicized ICO Splashes onto Cryptocurrency Market
DALLAS, October 15, 2017 (Newswire.com) - The total market capitalization of the bitcoin market is poised to hit $100 billion USD; and has a thirst for more investment grade opportunities. The much- publicized ICO, watertoken.io/genesis makes its splash on the blockchain Oct. 19 and pre-sale has all the buzz of one of the largest ICOs in years. “The bitcoin meteoric rise is tremendous and Genesis Research & Technology Group wanted to be a part of a savvy investment exchange,” says Ron Price, CEO of Genesis Research & Technology Group. The Water Token ICO will begin on Oct. 19 and the company will use the collected funds to expand worldwide while cleaning water chemical-free with its patented proven technology. According to the white paper, Genesis Water Token will pre-sale at a 20 percent bonus until Oct. 26. The ICO will run for a maximum of 30 days or until the hard cap of $200 million USD is reached, or until sold out, whichever comes first. The sale will not extend; and no further tokens will be issued and any unsold tokens will be burnt.
The Genesis Water Token will give investors a ground-floor opportunity in the oil and gas industry which spends enormous resources in the treatment of water. “The fact that water can be cleaned chemical-free and reused over and over is a breakthrough in the oil and gas market,” says Jeff Soward, Chief Technology Officer of Genesis Research & Technology Group. Mr. Soward goes on to say, “To produce one barrel of oil can take up to ten barrels of water; which under the antiquated system used industry-wide, that toxic water is trucked and dumped into a disposal site. The Genesis System cleans the water on the actual drilling location and with green chemical-free technology the water is reused over and over again at one-tenth of the cost. This is a gamechanger.” The Genesis Research & Technology Group patented technology is a portable and scalable system that resides on-site and treats the water immediately.
Fracking has always been a part of the oil and gas industry. Water is paramount in breaking the oil from the plates in the Earth and thereby mining the barrels of oil, the water then becomes toxic. The problem has been retuning that toxic water back to the Earth which can increase seismic activity. “The oil and gas industry wins because the frack water can be reused multiple times while eliminating the use of disposal wells that can be a detriment to the environment," says Cheryl Ryan COO of Genesis Research & Technology Group. Congress has long said that the Earth needed a “greener hand” in the oil and gas industry. In a statement, U.S. Representative Glenn ‘GT’ Thompson (R-PA) said in regard to the use of our natural resources: “For more than 150 years, since the first commercial oil well was drilled near Titusville, Pennsylvania, conventional oil and gas has been a key piece of the Pennsylvania economy, creating billions in wealth and providing jobs for tens of thousands of residents. I am thrilled to work with the oil industry to bring new, safe, and advanced technology to Pennsylvania’s Fifth Congressional District. With the addition of such state-of-the-art water treatment, I look forward to another 150 years of sound, safe, American energy.”
The oil and gas industry wins because the frack water can be reused multiple times while eliminating the use of disposal wells that can be a detriment to the environment.
About Genesis Research and Technology Group: Genesis Research and Technology Group is a U.S.-based company that has developed a patented, state-of-the-art technology that provides clean reusable water for the world’s population. The Company exploits its CHEMICAL-FREE technology as its efforts are being recognized by several leading government agencies developing and implementing Green technologies to protect and preserve our Earth’s resources.
Genesis Research and Technology Group provides custom-built state-of-the-art water treatment technologies for all types of water. Years of research and development go into perfecting this technology that allows Genesis to offer its clients a sole source, reusable water filtering and cleansing technology that is totally chemical-free.
For more information: watertoken.io/genesis
Source: Genesis Research and Technology Group