NetworkNewsBreaks – Reign Sapphire Corp. (RGNP)

NetworkNewsBreaks – Reign Sapphire Corp. (RGNP) Releases Update on Proposed Key Features of Reign Coin

Direct-to-consumer custom and branded jewelry company Reign Sapphire Corp. (OTCQB: RGNP) this morning provided further updates on the proposed key features and timeline related to the launch of Reign Coin, the company’s innovative sapphire-backed cryptocurrency. As previously announced, Reign intends to launch Reign Coin through an initial coin offering (“ICO”), subject to regulatory approval. “We have made significant progress and look forward to releasing Reign Coin’s white paper,” Joseph Segelman, CEO of Reign, stated in the news release. “We are confident that Reign Coin will complement our existing businesses and add long-term shareholder value.” As detailed in this morning’s update, Reign Coin is unique among cryptocurrencies in that it will be backed by calibrated Australian sapphires, processed under Reign’s supervision from its ethical and sustainable supply chain. The company intends to release the Reign Coin white paper within the next eight weeks, with commencement of the token’s presale in Q3 2018, subject to regulatory approval.

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