Direct-to-consumer jewelry company Reign Sapphire Corp. (OTCQB: RGNP) intends to launch an Initial Coin Offering (“ICO”) for its sapphire-backed cryptocurrency, Reign Coin, as soon as regulatory approval is received. An article discussing the company reads: “Reign Coins are designed to earn interest and fees through transactions, which are then shared collectively by all coin holders in the network through crypto-dividends. Dividends can be air dropped to each holder’s Reign Coin wallet. A portion of the cumulative transaction fees can be reinvested into sapphires – the asset backing each Reign Coin – which are expected to increase the currency’s base price and improve the solidity of each coin. Reign expects to release Reign Coin’s white paper later this month and will update shareholders upon its availability.”
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About Reign Sapphire Corp.
Reign Brands operates through four key divisions: Reign Sapphires, which offers ethically produced, millennial-targeted sapphire jewelry; Coordinates Collection, a provider of custom jewelry inscribed with location coordinates to commemorate life’s special moments; and Le Bloc, which offers classic customized jewelry and the athleisure jewelry brand, ION Collection by Jen Selter. The Company’s portfolio also includes Reign Ventures, a joint-venture platform for investment and development of jewelry technology related products; and Reign Blockchain to authenticate sapphires as conflict-free. Entries on the digital record can include attributes for each sapphire including the color, carat and certificate number. For more information, visit the company’s website at www.ReignSC.com
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