ZUG,SWITZERLAND - Media OutReach - 7 April2019 - A Swiss public-benefit Foundation, the Swiss Shakti Foundation,headquartered in Zug, Switzerland, is about to unveil a blockchain-basedcurrency called Shakti Coin (SXE) that promises to usher in a new era of smartmoney. The new stablecoin is based on a revolutionary blockchain protocolcalled Proof-of-Effort (PoE) that is intended to democratize mining and makeShakti Coin the world's most practical medium of exchange.

Thisnews comes a decade after the launch of Bitcoin, the world's firstblockchain-based currency developed by Satoshi Nakamoto. Shakti Coin'sdevelopers learned from Bitcoin's strengths as well as its shortcomings todevelop a true medium of exchange for day-to-day transactions. Shakti Coinhighlights include easy to use, stable value, legal compliance, speeds of over10,000 transactions per second (TPS), direct wallet-to-wallet transfers, aswell as mining that is both democratized and energy efficient.

ThePoE protocol replaces the power-hungry Proof-of-Work protocol used by Bitcoin and others without compromisingon security. For example, a computer dedicated to Shakti Coin Mining wouldconsume about the same power as an average email server. This new digitalcurrency's unique mining protocol, PoE, eliminates the problematical power consumptionwhile establishing a capacity to scale. The new coin also has a largesocial-good element as it encourages education and financial inclusion globally.

Shakti Coin views compliance as one of the keys toease-of-use. To that end, the currency has been designed aroundknow-your-customer (KYC) best practices as well as AML, CTFA, and otherstandards to thwart illicit use. The organization is also pursuing worldwidecompliance country-by-country by working with service providers.

Day-to-dayoperations for Shakti Coin are directed by of SXE Network Operations LLC, withheadquarters in Berkeley, California. The Berkeley office has the mandate toachieve regulatory compliance, and best practices. SXE Network Operations isalso responsible for maintaining and developing the Shakti Blockchain Networkand Shakti Wallet app, signing up miners, and ensuring an orderly roll-out anduptake by users worldwide.

Distributed Ownership

ShaktiCoin preserves Satoshi's singular mandate of placing ownership within the handsof the people. The Network will be 100% owned and operated by the public,anyone can participate in mining the Shakti Coin, and no coin will bepre-mined. No initial coin offering (ICO) will be made. The Foundation isaiming to fund the launch of SXE Coin based on the sale of mining licenses.

TheShakti Project is a grassroots effort. It was started by ordinary parents,educators, and blockchain enthusiasts. For over two years, this initiative hasbeen supported by volunteers from more than 30 countries in five different timezones. What binds them together? The idea that currency can be a catalyst forsocial change. In the coming weeks, the Shakti Foundation will publish itswhite paper and begin to accept applications to mine Shakti Coin. These are thefirst steps in a movement that the Shakti Foundation believes willrevolutionize the global economy. Details on Shakti Coin can be found at https://www.shakticoin.com.