ROSLYN, N.Y., Feb. 23, 2021 /PRNewswire/ — Sino International Transport America Ltd has signed a Memorandum of Understanding to cooperate with the e-commerce blockchain firm CyberMiles Basis to collectively discover alternatives utilizing CyberMiles’ blockchain non-fungible token (“NFT”) CRC-721 protocol and buying and selling platform, which permits enterprises, establishments, and people to challenge and commerce NFTs on CyberMiles’ public blockchain.
Many cryptocurrencies like Bitcoin and Ethereum are thought-about fungible tokens. Every fungible token is an identical to one another fungible token: one Bitcoin is equal in worth to some other one Bitcoin. Non-fungible tokens are completely different. Every NFT is exclusive and never interchangeable with one other. This function makes NFTs very best the place the provenance of underlying property is vital. For instance, digital artwork items, sports activities memorabilia, in-game property, different digital collectibles, contracts and even limited-edition bodily merchandise which can be digitally linked to confirm shortage. The overall worth of the NFT market is now estimated at $250 million.
CyberMiles (https://www.cybermiles.io/en-us/) (CMT) is a subsequent era public blockchain for good contracts. CyberMiles’ Good Enterprise Contracts are optimized for e-commerce purposes. It offers a big library of commerce-related Good Enterprise Contracts, striving to supply the very best streamlined course of and expertise in serving to to construct decentralized e-commerce purposes.
About Sino-International Transport America, Ltd.
Based in the USA in 2001, Sino-International Transport America, Ltd. is an organization engaged in delivery, chartering, logistics and associated providers. Headquartered in New York, Sino-International has places of work in Los Angeles, Mainland China, Australia, Canada and Hong Kong. The Firm’s present service choices encompass delivery company providers, delivery and chartering providers, inland transportation administration providers and ship administration providers. Extra details about Sino-International may be discovered on the Firm’s company web site at www.sino-global.internet. The Firm routinely posts vital data on its web site.
Sure statements made herein are “forward-looking statements” throughout the which means of the “protected harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by means of phrases reminiscent of “anticipate”, “imagine”, “anticipate”, “estimate”, “plan”, “outlook”, and “mission” and different related expressions that predict or point out future occasions or traits or that aren’t statements of historic issues. Such forward-looking statements embody timing of the proposed cryptocurrency mining initiative; the enterprise plans, aims, and expectations of the Firm concerning the initiative, and SINO’s estimated and future outcomes of operations, enterprise methods, aggressive place, business atmosphere and potential progress alternatives. These forward-looking statements mirror the present evaluation of present data and are topic to numerous dangers and uncertainties. In consequence, warning should be exercised in counting on forward-looking statements. Because of recognized and unknown dangers, our precise outcomes could differ materially from our expectations or projections. All forward-looking statements attributable to the Firm or individuals performing on its behalf are expressly certified of their entirety by these components. Aside from as required below the securities legal guidelines, the Firm doesn’t assume an obligation to replace these forward-looking statements.
The next components, amongst others, might trigger precise outcomes to vary materially from these described in these forward-looking statements: there’s uncertainty concerning the unfold of the COVID-19 virus and the affect it’ll have on SINO’s operations, the demand for SINO’s services, international provide chains and financial exercise normally. As well as, the worth of cryptocurrencies could fluctuate considerably over time. These and different dangers and uncertainties are detailed within the different public filings with the SEC by SINO.
Extra data regarding these and different components which will affect our expectations and projections will likely be present in our periodic filings with the SEC, together with our Annual Report on Kind 10-Ok for the fiscal 12 months ended June 30, 2020. SINO’s SEC filings can be found publicly on the SEC’s web site at www.sec.gov. SINO disclaims any obligation to replace the forward-looking statements, whether or not because of new data, future occasions or in any other case.
For extra data, please contact:
Tina (Tuo) Pan, Appearing Chief Monetary Officer
SOURCE Sino-International Transport America, Ltd.