New Cryptocurrency Pelecoin Launched by WRIT Media Group

WRIT Media Group, Inc. has announced the formal launch of Pelecoin – a digital currency and the first product in a family of cryptocurrency and blockchain technology solutions, acquired through the previously announced Pandora Venture Capital transaction.

President and CEO, Eric Mitchell commented: “We are pleased to introduce to market our unique Pelecoin technology, and look forward to the potential it creates not only for WRIT Media and company shareholders, but for the broader digital currency space as well. There are several advantageous ways Pelecoin differs from other digital currencies on the market, and we’re excited to be part of the many advances taking place in cryptocurrency.”

Pelecoin is a cryptocurrency platform that provides secure digital currency products and services including wallets, exchanges, loyalty rewards, and merchant integration to consumers and businesses. The online platform allows users to send money to any Pelecoin wallet; send and receive Pelecoins; shop online; and to store Pelecoins. The platform also enables merchants and payment platforms to accept the Pelecoin digital currency.

Pelecoin’s is based on a simple proprietary algorithm: the system generates Pelecoins based upon a set of rules and events that increase the currency’s worth, such as: new user registration; acceptance of Pelecoin for real goods or services; and trade between Pelecoins and traditional currencies (USD, Euro, etc.). The initial distribution of newly generated coins is based on user’s participation in an event. The emission and distribution of coins follow simple rules, allowing unexperienced users to actively participate in the process and to earn coins in a short period of time.

New users can register online for Pelecoin, as well as fund their wallet and gain access to the platform’s services. The main dashboard includes terms of service, emission rules, frequently asked questions, and the user’s Pelecoin account balance. The dashboard will also provide users with their own account ID, and describe ways to facilitate “value” events to increase their account balance. Each new user will be given 1,000 Pelecoins.

Pelecoin Registration (http://www.pelecoin.com/join.aspx?ref=bb3b24dd-dd9f-44d9-838d-0bcd5e902c33).

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