Iconic Political Talk Show Host Larry King Teams Up With Crypto Startup To Combat Climate Change
Legendary political talk show host Larry King on GEAR token’s website says that global climate change is threatening humanity's existence and is “a potentially catastrophic issue from the combustion of fossil fuels … putting immense pressure on the environment and on our health.”
King is focusing his energies as a member of GEAR's Advisory Board, helping the small startup, still in incubation, to raise funds for the development of green mining technology to reduce energy consumption in bitcoin mining that has given bitcoin a bad rap with environmentalists.
Indi Pathak, president of GEAR, says:
“With Larry's global recognizability spanning generations, he's really helping us to make blockchain and crypto more accessible and approachable to those who are still unsure of and new to space. Larry has also interviewed everyone from presidents to business leaders to key influencers, so has the ability to open up a lot of doors to spread the message of GEAR and our positive social impact.”
More About GEAR
GEAR is the world’s first closed loop blockchain solution to Green Energy and Renewables focused investment.
They utilize advances within blockchain technology and cryptocurrencies to ignite investment back into the green and renewable energy projects that promote environmental sustainability. GEAR achieves these goals by ethically mining cryptocurrencies through the use of green energy mining facilities, and by investing in greener alternatives to energy-intensive PoW coins by creating masternodes for PoS technologies.
The company aims to transform cryptocurrency mining into a green, a clean and efficient activity that has a positive impact on the environment. Pathak explained:
“Our mission is to use blockchain and crypto to help and give back to the Earth through things such as building more and more tangible, real-world assets, such as hydroelectric farms, solar farms, etc. every year with GEAR GROW, while also using GEAR CAPITAL to fund and support startups working on the next big technological innovations in green energy and renewables.”
GEAR is being incubated by Canadian merchant banking group Forbes & Manhattan, founded by Stan Bharti who also serves as one of the GEAR's advisors and is also a speaker at the upcoming Futurist conference.
Capitalizing On The Changing Regulatory Landscape
GEAR hopes to be a bridge for traditional investors between traditional investment tools and the new world of ICOs and tokens. Pathak explains: “We want GEAR to be a way to connect and introduce standard fiat investors to crypto in a way they already understand and trust. Using the team's background in traditional finance, we're aiming to bridge the gap between standard capital markets and current crypto investors to create an investment opportunity that is attractive to both.”
Despite the current regulatory uncertainty, GEAR Token is working closely with U.S. and Canadian regulators to “be as compliant as possible, while also trying to strengthen more regulation in the space by sharing our own insights with regulators,” said Pathak.
GEAR Blockchain Inc. has filed a Notice of Exempt Offering of Securities with the U.S. Securities and Exchange Commission for the sale of GEAR tokens both inside and outside the U.S. under the Securities Act of 1933, and within Canada as a supplementary offering with the Ontario Securities Commission.
What’s Ahead For GEAR
The GEAR team recently returned from a roadshow across Asia, after meeting with some of the largest suppliers of mining equipment.
Their next stop includes a token sale launch at the Blockchain Futurist Conference in Toronto, Canada, where King will be moderating a panel on Wednesday, August 15 entitled “Mass Influence and Adoption of Blockchain Technology,” featuring Charles Hoskinson (CEO, IOHK), Justin Wu (advisor, GEAR Blockchain), Al Burgio (Founder, DigitalBits.io), and Michael Moyal (Co-founder, Slate).