Press Release

ForestONE Coin Tokenized Using Blockchain Technology Under Stellar Consensus Protocol

Singapore Island, Singapore – Feb 2019, ForestONE Coin commences today via online as it opens its platform to access the advantages of digital currency while adopting the blockchain technology. Being knowledgeable in the core banking and finance technology industry, ForestONE was developed by incorporating the blockchain technology, with the vision of empowering the advocates of cashless society to transact with peace of mind, using the technologically advance Stellar Consensus Protocol.

With the trust and confidence demonstrated by IBM and Deloitte in adopting the Stellar Consensus Protocol, similarly the adoption of Stellar by ForestONE reinforces the strong value proposition in which the Stellar protocol offers. As such, ForestONE is confident that the public’s acceptance and understanding towards digital transformation will be enhanced. It also provides a secure platform for the cryptocurrency fraternity and offers institutional investors greater confidence.

Mr. JP Chin, Chairman of ForestONE, believes that ForestONE can help unfold simple solutions to the everyday spending needs of society, through innovation and being fearless of disruptive technologies, which can be leveraged by those willing to embrace the simple use of technology. Mr. Chin reiterated, “ForestONE is a Platform that empowers the Next Generation Loyalty Reward Program, which is driven by Community Spending”. He further adds “ForestONE is so simple to use, yet it can be mind blowing when you realise how many lives it can transform, just by using the smartphone from the palm of your hand!”

In 2018, after almost 10 years of Research & Development and strategic planning to build a comprehensive ecosystem, ForestOne had initiated the execution of a pilot program with mobility technologies and localised program offerings to a target market segment beforehand. The immense success and popularity of the pilot program, which involved over 5000 merchant outlets with over 100,000 product SKUs and participated by over 50,000 user bases, has encouraged ForestONE to plan and implement an improved, state-of-the-art ‘Blockchain’ backbone driven technology, to drive the future of the ForestONE platform for its continued expansion to a wider market. It is with this established foundation that ForestONE has embarked onto the journey of Initial Coin Offering (ICO) with Forest1Coin.

ForestONE seeks to expand geographically to the entire South and Southeast Asia, Europe, and to the Middle East in the next few years with the goal of becoming one of the largest cashless platforms and to position itself at the apex of the league.

The ForestONE Team brings together the best of both IT and Finance Professionals with almost a hundred years of combined industry experience and spearheaded by dedicated blockchain evangelists with impeccable track record of successful projects. The unparalleled combined knowledge of the organization will undoubtedly propel this ICO into another stratosphere, positioning it onto an incomparable stature of what the ICO fraternity has ever seen before.

The ICO Pre-Sale is expected to begin in March of 2019 with only 600,000,000 tokens available for purchase. After Pre-Sale closes, privilege pricing will no longer be available and can be purchased only after trading commences on the exchange during the public sale phase.

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