IoT and Bounty Converge on the Etherium Blockchain

DALLAS, Oct. 18, 2017 /PRNewswire/ -- The highly anticipated Genesis Research & Technology Group Water Token ICO, which will bring safe verifiable water results worldwide to the oil and gas industry, has announced one of the blockchain's largest bounty rewards programs. Bounty programs are used in most ICOs but, because of the IoT (Internet of Things) and vast Genesis Research & Technology Group resources, the Water Token is offering a staggering $12,500,000 USD equivalent in bounty rewards for marketing. "The Water Token is an investment-grade ICO and because of that and its 'green footprint' we felt that everyone should be rewarded," says Ron Price, CEO of Genesis Research & Technology Group. Digital marketers, journalists, bloggers, and even the general public can participate and share in the rewards from one of the largest ICOs ever to land on the blockchain.

The green technology which Genesis Research & Technology Group has patented is one in which water is cleaned chemical-free; thereby making it available to be reused. The general principal in the oil and gas industry is to dump the toxic water into a dispensary well where it can never be reused. Genesis Research & Technology Group reduces the carbon footprint with the aid of blockchain technology and IoT sensors. Utilizing the blockchain and IoT sensors, the environmental impact of each product is identified, thus enabling its carbon footprint to be factored into the price of the products and provide an incentive for consumers to buy products with a low carbon footprint. Tracking the environmental impact of fracking and using the blockchain to protect this data from tampering enables companies and regulators to create financially rewarding incentives to encourage buyers to buy products that are more environmentally friendly, and therefore encourage companies to restructure their supply chains to meet the demand for such products.

Through the creation of a permanent, tamper-proof record of water quality on the blockchain, Genesis Research & Technology Group will make it possible to track and verify water quality results to significantly increase transparency, efficiency, and accountability of environmental impact resulting from fracking water. Once the data is entered into the public blockchain, it stays there forever. "Legal document storage on the blockchain could cut down on fraud and manipulation of the global carbon credits scheme. It is estimated that currently $979,000,000 million USD is spent annually to administrate the global carbon credit scheme," states Darren McVean, CEO of MVP Asia Pacific.

Two and one half million Water Tokens with a value of $5 USD each will be shared and disbursed to individuals who share the Genesis Water Token ICO with their Facebook and Twitter followers. Moreover, bloggers and journalists, who have not been able to be rewarded in past ICOs, will now have the bounty program extended to their efforts. More than $3,000,000 has been allocated to bloggers and journalists meeting certain criteria.

All details for the bounty have been released on the Water ICO webpage and are viewable at the Bounty Campaign Terms page.

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

Media Contact:
Patricia Almand
Phone:  855-8100UMG
Email: [email protected]

SOURCE Genesis Research & Technology Group