BERLIN, June 12, 2018 /PRNewswire/ -- OST and the
LGBT Foundation, backed by Hornet Networks, are pleased to announce
a new partnership to launch an ecosystem powered by OST blockchain
technology, to empower, connect and support LGBT+ people all over
the world.
The LGBT Foundation will launch the LGBT Token in cooperation
with Hornet Networks, one of the largest social networks for gay
men with more than 25 million members globally, and Revry, the LGBT
answer to Netflix, reaching 70 million homes in more than 100
countries. These two and other launch partners already reach 100
million people worldwide.
LGBT Token will activate the $4.6
trillion global LGBT+ economy, enabling members to assert
and protect their LGBT+ identity, creating a new medium of exchange
and loyalty for LGBT+ persons and businesses, and making a global
social impact by allocating resources to projects that the LGBT+
community cares about, including tackling oppression,
discrimination and inequality, education and healthcare.
The LGBT Foundation chose to launch the LGBT Token on OST
technology following several months exploring their own ICO, and
publishing the LGBT Token "Pink Paper" and "White Paper". It aims
for the Token to be a method of payment and loyalty for physical
and digital businesses, as well as a decentralized system for LGBT+
people to verify and protect their identities, especially in
countries where they face repercussions.
"We're saving a ton of time, money and technical resources by
teaming up with OST rather than pursuing our own ICO; allowing us
to go to market faster, safer and fully compliant with financial
regulations," says Christof
Wittig, President of the LGBT Foundation and CEO of Hornet
Networks. "The fact that Jason has a stellar track record in
tech, Blockchain and the LGBT+ community was something we
definitely considered when looking for a partner to kickstart our
project."
The OST utility token enables any website, app, or marketplace
to easily launch a branded token and integrate it into their
businesses and communities.
"We're thrilled to announce our support for LGBT Token during
Pride Month 2018. We are humbled and excited to support the LGBT
Foundation's mission to make our world a better place for all
members of the LGBT+ community. Blockchain technology is a perfect
fit for the LGBT Foundation's mission," says Jason Goldberg, founder and CEO of OST and
an advocate for equality himself. "The LGBT Token facilitates
near-instant transactions between businesses, causes and members of
the community; thus establishing a flourishing, Pink Economy. It
also empowers people in countries where it's illegal to be LGBT to
safely and, if need be, anonymously connect with fellow LGBT
people."
Goldberg will join the LGBT Foundation as an advisor to the
project.
Sean Howell, CEO of the LGBT
Foundation, concludes: "Partnering with OST is based on their
state-of-the-art technology to launch and manage the LGBT Token
rapidly, safely, and securely. Working with OST gives us the
confidence and ability to go-to-market and to develop a
blockchain-powered network of LGBT-friendly businesses, to activate
a global, Pink Economy." Howell continues: "We'll be driving major,
global adoption of the LGBT Token by making it available to the 100
million audience of our launch partners, incl. Hornet Networks and
Revry."
—
About the LGBT Foundation
The LGBT Foundation is an organization that aims to deliver
equality for the global LGBT community through technology and
non-profit uses of its tokens. By harnessing the power and
potential of blockchain technology and other technological
innovations, the Foundation aims to foster greater acceptance of
the LGBT community, drive positive social change for the benefit of
its members, and protect vulnerable community members. The aim is
that the LGBT Foundation will evolve to become a self-governing
body run by and for members of the LGBT community, and which
directs its activities, resources and members to the benefit of the
international LGBT-community. For more information, please visit:
https://lgbt-token.org/
About Hornet Networks
Hornet is the world's premier gay social network. Founded in
2011 with the mission to build the digital home for the gay
community, Hornet has grown to 25 million total users by utilizing
cutting-edge technology for its dating platform and producing
original editorial content to connect a community around common
interests. Hornet provides a superior user experience and is number
one in the key markets of France,
Russia, Brazil, Turkey and Taiwan, and is consistently expanding its
sizable user base in the United
States. For more information, please visit:
https://hornet.com
About OST
OST is building the complete blockchain toolkit for business.
The company strives to be the blockchain technology partner of
choice for businesses of all sizes and levels of technical
sophistication, enabling any business to create, launch, and manage
their own branded digital token economy powered by OpenST protocols
and OST blockchain management software. The OpenST protocol enables
companies to launch branded token economies on highly scalable,
open, cryptographically auditable side blockchains. OST has offices
in Berlin, New York, Hong Kong, and Pune
India. For more information, please visit:
https://ost.com/
—
Sean Howell for Hornet
Networks and the LGBT Foundation
sean@hornet.com
Wouter Verhoog for OST
wouter@ost.com / @wouterverhoog
Related Files
LGBT Foundation + OST — Press Release (1).pdf
Related Links
OST
LGBT Foundation
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