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PR: Cryptocurrency Accelerator Foundation X Openly Supports TEMCO

Bitcoin Press Release: Crypto accelerator ad VC firm Foundation X has entered into a new partnership with supply chain startup TEMCO.

October 30th, 2018 – On 18 October, Bitcoin-based (RSK) supply chain platform TEMCO announced their successful investment and strategic partnership with Venture Capital/Accelerator Foundation X.

TEMCO is a startup that utilizes blockchain technology to connect isolated supply chains and develops services to utilize the newly interconnected data. From the corporate-side, TEMCO provides companies with the Business Intelligence (BI) tool, an analytics tool that helps companies to efficiently access the interconnected data on the blockchain. From the consumer-side, TEMCO is developing applications where consumers can transparently view the distribution process from the beginning to the end.

Jay Hwang, the CEO of Foundation X and a Partner at FuturePlay, strongly supports TEMCO’s ambitious goals by saying, “It is very exciting that the first Bitcoin-based Dapp in Korea is supported by Foundation X. Also, one of the reasons for the investment is the global partnership that TEMCO has established. It was impressive how TEMCO has a good relationship with RSK, which is one of the notable technical partners.”

Foundation X will not only act as TEMCO’s investor, but also as an accelerator. The Foundation X team will help TEMCO reach its true potential by investing in key technologies, supporting TEMCO’s upcoming Token Generation Event (TGE), and provide consultation for business model development.

Scott Yoon, the CEO and co-founder of TEMCO, stated, “We are honored to be supported and funded by a leading accelerator such as Foundation X. The TEMCO team will work hard to meet the high expectations set up by the high-profile partnership.”

Foundation X was established to develop blockchain startups and is a subsidiary set up in Singapore by one of South Korea’s leading accelerators FuturePlay. Foundation X already has well-established portfolios on blockchain project development, most notably accelerating the Airbloc Protocol and Carry Protocol.

Contact TEMCO: [email protected]

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TEMCO is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.


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