NEW YORK, April 13, 2020 /PRNewswire/ -- TMSR Holding
Company Limited (the "Company") (NASDAQ: TMSR), an eco-technology
company, together with Company's Co-Chairman Dr. Wei Xu, announced its plan to release a new
white paper on CUTXO (Code Chain Unspent Transaction Output) in the
near future.
CUTXO is the core technology of Code Chain Coin and the white
paper is planned to focus on:
- Quantitative easing and the demise of traditional
currencies
- A revolutionary economic theory of Code Chain Digital Economics
and Code Chain Coin ("CCC")
- Comparison and relationship between CCNC/CCC and
Facebook/Libra
- The dynamic characteristics of Code Chain Coin
- Code Chain technology and CUTXO
- The core concept of CUTXO
- Bitcoin core features comparison between CUTXO and UTXO
- Data Structure Details of CUTXO
- Multi-node accounting record of CUTXO
- Relationship between CUTXO and Industry Code Chain Server
node
- Deployment Structure of CUTXO
- CUTXO Transaction for SIC businesses
Dr. Wei Xu commented, "The
Company is dedicated to bringing better returns for stakeholders by
further deploying in-depth operations in digital currency
technology and increasing investments in digital technology. We
look forward to completing the white paper on CUTXO."
About TMSR Holding Company Limited
Founded in 2009, TMSR Holding Company Limited engages in the
research, development, and sale of solid waste recycling systems
for the mining and industrial sectors, the wholesale and sale of
fuel materials, harbor cargo handling services and production and
sales of coating materials in the PRC. It provides end-users in
these markets with a clean alternative to traditional waste
disposal by significantly reducing solid waste discharge into the
environment and enabling such users to extract value from valuable
metals and other industrial waste materials. Upon completion of
Sichuan Wuge Network Games Co., Ltd. ("Wuge"), the Company has also
diversified its business. Wuge was established in 2019 and is still
in this early developing stage. Wuge produced electronic tokens
that combine the five-W elements (when, where, who, why, what),
geographic location via the Beidou satellite system and identity
information using Code Chain technology. The electronic tokens are
unique, tradable, and inheritable digital assets and cannot be
tampered. The electronic tokens are based on and stored in the Code
Chain system and can be used to monitor and document all kinds of
consumer behaviors that involve code-scanning.
For more information about TMSR, please
visit www.tmsrholding.com.
Safe Harbor Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, including certain plans, expectations, goals, and
projections, which are subject to numerous assumptions, risks, and
uncertainties. These forward-looking statements may include, but
are not limited to, statements containing words such as "may,"
"could," "would," "plan," "anticipate," "believe," "estimate,"
"predict," "potential," "expects," "intends", "future" and
"guidance" or similar expressions. These forward-looking statements
speak only as of the date of this press release and are subject to
change at any time. These forward-looking statements are based upon
management's current expectations and are subject to a number of
risks, uncertainties and contingencies, many of which are beyond
the Company's control that may cause actual results, levels of
activity, performance or achievements to differ materially from any
future results, levels of activity, performance or achievements
expressed or implied by such forward-looking statements. The
Company's actual results could differ materially from those
contained in the forward-looking statements due to a number of
factors, including those described under the heading "Risk Factors"
in the Company's public filings with the Securities and Exchange
Commission, including the Company's annual report on 10-K. The
Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required under applicable
law.
For more information, please contact:
Mr. Yi Li
Chief Financial Officer
TMSR Holding Company Limited
Tel: +86-21-3258 3578
Email: liyi@tmsrholding.com
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SOURCE TMSR Holding Company Limited