Blockchain
ALYI Finance Partner RevoltTOKEN Releases $100 Million ICO Update
Dallas, Texas–(Newsfile Corp. – November 13, 2020) – Alternet Systems, Inc. (OTC Pink: ALYI) today announced an update released from their financing partner, RevoltTOKEN. The update from RevoltTOKEN CEO, Henryk Dabrowski, is included below:
RevoltTOKEN ICO Update
The response to the RevoltTOKEN ICO has been tremendous. We are here at RevoltTOKEN are humbled by the number of people contacting us ready to purchase Tokens. We are also encouraged by the response and in reaction to the response, confident that RevoltTOKEN will meet or exceed its $100 million funding objectives.
We are making steady progress on the necessary preparations for the ICO. We are also trying to meet the eager market response by moving as quickly through the necessary preparations as possible.
We have previously announced that RevoltTOKEN is domiciling in Bermuda. Cryptocurrency is a relatively new financing tool. We have selected a sound technology platform, Ethereum, and we equally think it is important to prudently select a legal domain.
Bermuda is a globally respected business venue with a well-established and efficiently operating legal environment governing business transactions. Bermuda has elected to take a leadership role in facilitating a cryptocurrency business environment with a standard of integrity that supports investor confidence.
As eager as we are to quickly launch the ICO, are eagerness is balanced by our prudence in carefully insuring a sound regulatory approach into an environment with only a short history of rules and regulations.
We are confident our internal investment resources can satisfy ALYI’s intermediate requirements pending the ICO. If necessary, we are willing to increase our existing interim investment commitments.
In Bermuda’s defense, since we have engaged to domicile and register as a cryptocurrency, Bermuda, like everyone, has had to deal with the restrictions of operating in a COVID environment in addition to dealing with a hurricane coming ashore followed by another near miss. So, in addition to carefully managing a new financing tool, Bermuda is doing so in the face of some rather notable distractions.
In an effort to exercise the greatest prudence within the new cryptocurrency regulatory environment, RevoltTOKEN is currently exploring and intends to engage more than one registration venue. In addition to registering as a cryptocurrency in Bermuda, RevoltTOKEN intends to register in additional regulatory domains.
The public trading of stocks has 400 years of history to draw on for regulatory standards. Cryptocurrencies barely have a 10-year history since inception. We anticipate a set of universal regulatory standards for cryptocurrencies someday similar to the universal standard for stocks. At the moment, there is not much of a body of any rules and standards and different legal domains are developing different standards. Also, keep in mind, a larger number of cryptocurrencies trade today without being registered or licensed in any domain.
At RevoltTOKEN we think it is worthwhile to register in multiple domains in an effort to bridge the lack of a universal standard.
We look forward to the ultimate launch of the RevoltTOKEN ICO and working diligently to get there at the right time with the right amount of structure. We will continue to keep you posted on our progress.
For more information and to stay up to date on RevoltTOKEN’s latest developments, please visit www.revolttoken.com.
For more information and to stay up to date on ALYI’s latest developments, please visit www.alternetsystemsinc.com.
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
Alternet Systems, Inc. Contact:
Randell Torno
[email protected]
+1-800-713-0297
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
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