Signature Devices Announces Joint Venture with Genius Ventures to launch an Artificial Intelligence CryptoCurrency for GPU Media Devices
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Signature Devices Announces Joint Venture with Genius Ventures to launch an Artificial Intelligence CryptoCurrency for GPU Media Devices

Signature Devices Announces Joint Venture with Genius Ventures to launch an Artificial Intelligence CryptoCurrency for GPU Media Devices

IRVINE, CA,, Jan. 18, 2018 (GLOBE NEWSWIRE) — –Signature Devices, Inc. (OTCPK: SDVI) – today announced that it has entered into a joint venture with Genius Ventures, LLC.  The two companies are launching a CryptoCurrency that will be used in Innovo Technologies GPU enabled Media devices.  These types of CrytpoCurrencies are sometimes called Utility Tokens, as the currency will be used for the processing of Artificial Intelligence.

Innovo Technology, a leading software and hardware development is integrating the CryptoCurrency into the IOT business.   Each device will use the idle time to execute artificial intelligence processing and receive CryptoCurrency in an internal wallet that can be used to purchase media such as Movies & Music and even redeem the CryptoCurrency for other currencies.

The agreement terms are as follows: Signature Devices, Inc. will receive 20% of the initial supply of CryptoCurrency as an asset to the company.  Genius Ventures will retain another 20% of the initial supply and another 20% will go to an unannounced third party.  There will be another announcement with details on the third party and Graffiti Entertainment, the subsidiary of Signature Devices, Inc.  The remaining 40% of the initial supply of the CryptoCurrency will be used for an Initial Coin Offering for foreign investors that can invest in CryptoCurrencies without regulatory concerns.

Signature Devices

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The CryptoCurrency is based off of the Ethereum Blockchain and is utilizing smart contracts for the A.I. Processing and payment system. There are varied devices that will be able to earn the CryptoCurrency by utilizing the idle time of GPUs for the A.I. processing.  Each device/device owner will then receive 70% of the payments for that processing.

About Innovo

Based in Irvine California, Innovo Technology combines the best of the technologies underpinning the popular Morpheus media server, Tazerwear’s AI Software, Truck IT’s beacon platform with Knoton’s hardware, infrastructure and software. The result is a company that blends custom software and powerful hardware IoT-interconnected devices. Learn more by visiting: http://innovotech.io/about/

About Signature Devices, Inc.

Based in Sheridan Wyoming, Signature Devices, Inc. (www.signaturedevices.com) (OTCPK:SDVI) is a holding company with subsidiaries that develop Internet of Things (IOT) products through its subsidiary Innovo Technologies, Inc., and publishes diverse media products including video games and mobile applications through its subsidiary Graffiti Entertainment, Inc.

Forward-Looking Statements:

The information in this press release includes certain “forward-looking” statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.

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Cryptocurrency Benefits and Drawbacks

Cryptocurrencies make it less complicated to transfer price range among two events in a transaction; these transfers are facilitated via using public and private keys for security functions. These fund transfers are executed with minimum processing prices, allowing users to keep away from the steep fees charged by maximum banks and monetary institutions for twine transfers.

Valuable to the genius of bitcoin is the blockchain it uses to store an internet ledger of all the transactions that have ever been carried out using bitcoins, imparting a statistics structure for this ledger that is uncovered to a restricted hazard from hackers and can be copied throughout all computers running bitcoin software. Many professionals see this block chain as having important uses in technology, which includes online voting and crowdfunding, and major monetary establishments along with jp morgan chase see capacity in cryptocurrencies to decrease transaction fees with the aid of making fee processing greener.

But, because cryptocurrencies are virtual and do no longer have a valuable repository, a digital cryptocurrency stability may be worn out by a laptop crash if a backup copy of the holdings does no longer exist. When you consider that charges are primarily based on deliver and call for, the price at which a cryptocurrency can be exchanged for another forex can differ widely.

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Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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