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DigiCash Announcement
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- - -- For Immediate Release --
In an agreement between The Phantom Exchange and UniBank, we are proud
to announce the opening of a digital currency server and exchange
service at [email protected].
UniBank will begin circulating DigiFrancs at 1:38pm EST Tuesday May 10,
1994. (The moment of peak coverage in the annular eclipse of the sun)
DigiFrancs are backed by 10 cases of Diet Coke, located at the UniBank
"vault" reserves in Washington, DC. DigiFrancs are redeemable for their
equivalent value in 16 oz Diet Coke cans (unchilled) on demand FAS
Washington, DC. This arrangement implies no agreement between any of
the parties and Coca-Cola company.
The Phantom Exchange and UniBank have launched a cooperative effort to
exchange information and establish realistic floating rates of exchange
between our two currencies. As a result PhantomMarks and DigiFrancs
will be freely interchangeable at the spot rate. Exchange rates will
also be offered for Tacky Tokens from [email protected]'s digital bank.
Tacky Tokens are exchangeable at UniBank at the current rate subject to
some restrictions.
No exchange fees will be assigned for the month of May.
Current rates of exchange are available via finger at
[email protected].
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Matt Thomlinson, Executive Director, Phantom Exchange
23:30 PST 5/9/94
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[email protected]: Director/Operator, UniBank
[email protected]: Executive Director, Phantom Exchange