'Water Token' Flows Freely on the Cryptocurrency

DALLAS, Oct. 14, 2017 /PRNewswire/ -- The blockchain will release on Oct. 19, 2017, one of the first investment-grade ITOs (Initial Token Offering) since the meteoric rise of the 'bitcoin' over the past month. Genesis Research & Technology Group will unveil the 'Water Token' to a worldwide audience that will merge green technology and the blockchain. MVP Asia Pacific CEO Darren McVean says, "The validity of the exchange coupled with IoT is truly a building block in green technology. Water is the next 'gold' and Genesis RT&G has solved the issue chemical-free." Venture capitalists have approached Genesis Research & Technology Group for months but the company realized that the blockchain was the only sound format for extended worldwide growth. "The fact that validity is involved in the cryptocurrency and blockchain made our move an easy one to share our technology with the rest of the world," remarks Ron Price, CEO of Genesis Research & Technology Group.

Water is used in the oil and gas industry at an alarming rate. Up to ten barrels of water are needed to produce one barrel of oil. "Let's break that into layman's terms; there are up to 420 gallons of water needed to clean one barrel of oil," says William Hood, Chief Marketing Officer of Genesis Research and Technology Group. At the present time in the oil industry, toxic water is transported and dumped, after just one use, into a disposal well never to be used again. The strain on our global green footprint is enormous under the present conditions. Genesis Research & Technology Group has tested, proven, and is using in real-time a custom, mobile, and if needed, solar-powered technology solution to clean the water from oil production so that it can be reused multiple times. Michael Lagow of Genesis Research & Technology Group states, "Dirty toxic fracking water can be cleaned up to 2000 barrels per hour, or scaled to a company's needs at 20,000 barrels per hour." The technology is patented and is being used in Eastern Europe, Asia, and Mexico currently and the results are chemical-free cleaning of water at a fraction of the cost.

The eco-friendly benefits are impressive, but when we dive deeper, there is also impact to the highway infrastructure and wildlife. The fact that the systems are portable takes the human error out of moving the water and cleans it directly on the spot. The expense of transporting toxic water throughout our cities and wildlife habitats puts unnecessary wear and tear on our nation's highways and removing that from the equation equals less impact on the tax-paying citizen. The Genesis R&TG's custom, green technology is not only good for oil and gas; but, most importantly the environment, humanity, and the Earth all benefit from this green technology.

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