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Official TUSC Media Release

New Cryptocurrency Project Targets the Gun Industry

Original Crypto Coin is relaunching as a new “gun friendly” digital currency called TUSC.

Salt Lake City, UT – October 9th, 2018 – Original Crypto Coin (OCC) announced today that they will be relaunching their ERC-20 token project on their own “gun friendly” blockchain called TUSC (The Universal Settlement Coin).

Rob McNealy, OCC’s Cofounder, said: “As gun owners, and ardent defenders of the right to self-defense, we know that the gun industry is constantly under attack.  We wanted to create a gun-centric crypto to act as a “continuity of business” payment system for gun retailers. Due to their decentralized nature, blockchain technology and cryptocurrencies simply can’t be shut down by “activist” banks.”

McNealy said: “We are in the dial-up modem stage of cryptocurrency, however, a recent poll showed that half of all millennials are interested in cryptocurrency, and up to 18% already own them. Cryptocurrency and blockchain technology are the future.”

Original Crypto Coin has recruited a new development team and many new advisors to oversee the transition to their new blockchain. More detailed announcements about the transition will be made over the next few months.

 About Original Crypto Coin

Original Crypto Coin, L3C is registered as a “low profit” L3C company in the state of Utah, USA. OCC’s stated mission is to educate people about using crypto currency. When they launched, OCC distributed 56 billion tokens for free in the largest “no strings attached” self-drop in crypto history.

 

OCC Atomic Swaps are LIVE!

Original Crypto Coin was added to the latest release of the Barterdex exchange platform from Komodo.  This desktop platform allows you to use atomic swaps to exchange OCC for other coins or tokens.  If you’re wondering exactly what an atomic swap is, according to Komodo:

In cryptocurrency this translates to a trustless exchange. Komodo’s Barterdex is an atomic swap protocol that is blockchain agnostic and allows traders to swap tokens atomically across blockchains while remaining in control of their private keys.

You can find other trading options for OCC here.

Live Crypto Education 4/11 – Understanding Gas

Join us at 9pm eastern time (UTC-04:00) on Wednesday April 11th to chat about how to use gas on the Ethereum blockchain. Learn how to save money on gas and troubleshoot transaction problems. Participants in the live event will have a chance to win OCC tokens! Use the hashtag #CryptoEdOCC on twitter during the event.

Time converter at worldtimebuddy.com

We’d love to get the word out to help others learn about crypto and acheive our goals of growing the community by promoting crypto education.  Please help us out by sharing this event on Twitter, FaceBook, Reddit, or your favorite social media channel!

OCC Now Trading on Octaex.com

Note as of 6/7/18 – The OctaEx website has been unavailable intermittently, and there are reports online of their users being unable to withdraw coins when the site is up.  For the time being, we do NOT recommend attempting to trade on OctaEx.

We’re very pleased to announce that Original Crypto Coin is now trading on Octaex.com! In addition to a new forum for trading, this listing on Octal Bit Exchanger introduces our first BTC/OCC trading pair.  You can also find the ETH/OCC pair here.

The OCC team has not control over trades made or orders placed on Octaex.com.  You can visit their website for support or to find links to their social media channels with help.

Track OCC on Coinlib

We know a lot of you are interested in tracking trading volume, market cap and exchange listings for OCC, so we’re thrilled to let you know that our token was added to Coinlib.  If you look us up there, you’ll find all sorts of current and historic coin info, plus links to all of our socials.  Here’s a peek:

powered by CoinLib

We acknowledge that technological innovation, including that underlying crypto-assets, has the potential to improve the efficiency and inclusiveness of the financial system and the economy more broadly. Cryptoassets do, however, raise issues with respect to consumer and investor protection, market integrity, tax evasion, money laundering and terrorist financing. Crypto-assets lack the key attributes of sovereign currencies. At some point they could have financial stability implications. We commit to implement the FATF standards as they apply to crypto-assets, look forward to the FATF review of those standards, and call on the FATF to advance global implementation. We call on international standard-setting bodies (SSBs) to continue their monitoring of crypto-assets and their risks, according to their mandates, and assess multilateral responses as needed.
Communiqué, Finance Ministers & Central Bank Governors, G20 Argentina

This week, members of the Group of Twenty (G20) met in Argentina to discuss global financial and economic issues including cryptocurrency.  The G20, which was formed in 1999, is made up of 19 countries (Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States) and the European Union.

As you can see in the official Summit Communiqué, discussion around crypto acknowledged both positive and negative impacts of virtual currencies ranging from improved efficiency to use in money laundering.  Not surprisingly, they called for further review and monitoring of the impact of cryptocurrencies on financial markets, and application of Financial Action Task Force (FATF) standards.  The Financial Stability Board (FSB) was asked to consult with other relevant agencies and report on cryptocurrency regulation by July 2018.

This is not quite as interesting as we hoped it would be when we made our announcement of an announcement the other day . . . We’ll keep an eye out and provide updates on further developments resulting from the G20 Summmit if they become available.

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about Original Crypto Coin.