WaterToken Launches ICO Today

DALLAS, Oct. 26, 2017 /PRNewswire/ -- The much-anticipated launch date of the WaterToken has finally arrived. One of the largest investment-grade ICOs in blockchain history goes live today at 6:00 p.m. PDT. Over 21,000 people have downloaded the whitepaper and the numbers are still rising. Ron Price, CEO of Genesis Research & Technology Group says, "There has been so much excitement on the Internet and by investors to be a part of our green IoT system and we are excited that we can produce systems that will clean water worldwide." The patented, proven Genesis System has been used in Mexico, Eastern Europe, and Asia. The oil and gas industry will benefit immensely with the systems since toxic fracking water can now be cleaned and reused over and over again.

The whitepaper, which can be found at WaterToken.io/genesis describes in detail the enormous productivity of these portable and scalable systems which can be scaled to clean up to 20,000 barrels of water an hour. "Toxic water is a real problem that affects the environment and our parks at large," says Marlon Rollins, Dallas Park Member. The oil and gas industry has wanted a green technology to clean fracking water, but the portable platform was not available. The Genesis System cleans toxic frack water, which is water contaminated in oil production and returns it to a usable state without using chemicals in the system. Clean, chemical-free water is a precious commodity; and, worldwide millions of barrels of water are made toxic and every month must be dumped into disposal wells back into the Earth. Dr. Jean-Phillipe Nicot, senior research scientist at the University of Texas at Austin states, "Because of the potential toxicity to water-borne organisms, frack water cannot simply be disposed of in surface waters. There are chemicals, oil droplets, rock fragments, polymers and a bunch of gunk you need to get rid of." The Genesis patented technology in a portable, scalable unit resides on-site and treats the water which can then be reused for multiple purposes.

Darren McVean, CEO of MVP Asia Pacific, LLC states, "We believe the blockchain solves the serious issues around trust and verification of environmental impact monitoring. With the introduction of blockchain and smart sensor devices, ultimately environmental regulation will require real-time monitoring of equipment sensors to ensure instant access to accurate environmental statistics." Genesis Research and Technology Group senior executives approached MVP and Universal Media Group 18 months ago because Genesis was exploring a new technology partner with experience in IoT (Internet of Things) smart devices. MVP and Genesis made the commitment to explore the storing of valuable environmental records to the blockchain. MVP was able to develop the IoT and blockchain platform for Genesis along with access to MVP's massive electrical engineering team that worked closely with the technology department to test and simulate the water readings from the Genesis system.

In 2008, roughly 25 billion barrels of polluted water was produced in the United States alone. This year 2017 it is estimated that the number of barrels of produced water will number in the 31 billion. In response to this immense threat to the environment, Genesis Research and Technology Group has developed sole-sourced, green, state-of-the-art Industrial Water Treatment Technologies that treat produced and frack water and return it to a reusable state.

The Genesis process relies on three licensed purification methods: ozone (O3) generation, coagulation, and ultrafiltration. Using these cutting-edge technologies, Genesis can offer the following services:

The whitepaper has also detailed one of the largest bounty campaigns in the history of the blockchain. An astounding $12,500,000 USD awaits bloggers, journalists, along with Twitter and Facebook enthusiasts. "The green technology WaterToken is one in which we need to share the excitement and the rewards with the world," says Billy Hood, Chief Marketing Officer for Genesis Research & Technology Group. The criteria for the bounty program is available on the Water Token ICO webpage and are viewable at the Bounty Campaign Terms page. Along with the various nuances of the Water Token, visitors can view the technology and worldwide expansion that Genesis Research & Technology Group will roll out with the ICO.

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: patricia@umgad.com

SOURCE Genesis Research & Technology Group