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DIGITALX LIMITED — Capital/Financing Update 2017
Sep 18, 2017
64762_rns_2017-09-18_9b0cfb89-561f-4b8d-b1a3-17a2904cfbeb.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
19 September 2017
DigitalX signs corporate advisory engagement with Etherparty
DigitalX Ltd ( Company or DCC ) is pleased to announce that it has been appointed as a corporate advisor to the upcoming Etherparty Initial Coin Offering ( ICO ).
As DigitalX continues to execute on its stated aim of being a trusted adviser in the ICO space, it will be providing a range of corporate advisory services to Etherparty to expand the platform’s global footprint. A key focus of the engagement will see DigitalX providing introductions to its Blockchain network within Australia, including Blockchain Global Ltd. Blockchain Global Ltd are the cornerstone investor in DigitalX and operate Australia’s most liquid cryptocurrency exchange, the Australian Cryptocurrency Exchange ( ACX.io ). ACX.io is the largest liquidity pool and order book of Bitcoin in Australia and is in the top 10 of globally ranked exchanges (www.acx.io). ACX.io has indicated it would list the FUEL token of Etherparty.
As part of its engagement, DigitalX has already introduced cryptocurrency investors to Etherparty and purchased an allocation in the pre-ICO issue of FUEL tokens undertaken by Etherparty for the Company as part of a syndicate of approximately US$3m. DigitalX will receive an agreed fee from Etherparty which will include a mix of FUEL tokens and cash for the services provided under the ICO.
About Etherparty
Etherparty www.etherparty.io is a contract wizard that removes the complexity of creating, managing and executing smart contracts on the world’s most popular public blockchains. The platform allows users with zero knowledge of smart contract programming to create an enforceable, self-executing digital agreement for all types of transactions much like WordPress enables people without experience in web development to launch websites.
Etherparty’s smart contract templates will focus on the following use cases: peer-to-peer escrow contracts, supply chain management, token creation, sports wagering, real estate contracts, and contractor agreements. Etherparty will also enable easy access to already developed and security-tested smart contracts.
To implement Etherparty’s vision they are launching an ICO to issue FUEL tokens on the Ethereum blockchain. The Pre-ICO has completed this week with Etherparty raising US$25m of Bitcoin (BTC), Ethereum (ETH) and fiat currency that saw contributors from over 100 countries globally.
The ICO or public sale commences 1 October 2017 where the final week will see FUEL tokens issued for slightly over US20c at today’s Ethereum Price, or 1275 FUEL tokens for 1 ETH.
DigitalX CEO Leigh Travers commented, ”We are delighted to be appointed as Advisors to the Etherparty ICO. DigitalX sees great potential in the Etherparty platform and is eager to leverage the technology within its Blockchain consulting services and product development division.”
The public sale is set to launch 1 October 2017 at 10:00 am (PDT). The public sale will run until 31 October 2017. More information is available on Etherparty at https://ico.etherparty.io.
This announcement is not an offer for subscription, invitation, recommendation or sale of tokens for or on behalf of Etherparty. No responsibility is accepted by DigitalX or any of its representatives, directors, partners, employees or professional advisers for any information provided in the Etherparty ICO or for
Suite 5, 62 Ord Street, West Perth WA 6005 ● T: +61 8 9322 1587 ● E: [email protected]
any action taken by the recipients on the basis of such information. Each recipient of the information should make its own independent assessment of the information and take its own independent professional advice in relation to the information and any action taken on the basis of the information.
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For further information, please contact
DigitalX Limited
Leigh Travers Chief Executive Officer [email protected] T: +61 439 376 847
About DigitalX
DigitalX is a Blockchain technology Company with offices in Perth and New York. Partners can use DigitalX’s technology to offer new financial products.