inside bitcoins: ALYI - Alternet Systems Partners With RevoltTOKEN for Impending Product Launch
01 September 2020 - 5:27AM
InvestorsHub NewsWire
Author: Max Moeller -- Originally
Published August 30, 2020 -- via
InsideBitcoins.com
Alternet Systems, Inc., (ALYI),
has confirmed that its partner, RevoltTOKEN, will provide an update
on Wednesday, September 2, 2020, “on the $100
million transaction intended to fund ALYI’s electric mobility
business,” according to a press release
from the group.
This timing is thanks to RevoltTOKEN finally securing what it
calls the “last key component necessary to proceed with the funding
transaction,” the release continues.
On top of this, the group will also provide an update on how
close they are to launching the RevoltTOKEN ICO. “Based on both
individual investor and institutional investor response,” the
release continues, “the presentation will specifically include an
overview on how the $100 million funding target could
well be exceeded.”
The two groups have entered a funding agreement that includes a
“$25 million first tranche investment commitment
at $0.05 per share,” which has already been occurring
between the two.
On top of this, the following deals have been made:
“ALYI has initiated a $2.5 million draw down on the
first $25 million to begin construction on a 100-acre
facility in Africa. Overall, RevoltTOKEN intends to invest
$100 million in ALYI in conjunction with an independent initial
cryptocurrency offering (ICO). RevoltTOKEN has already partitioned
a cryptocurrency on the Ethereum Blockchain in advance of the
planned ICO.”
Source: https://insidebitcoins.com/news/alternet-systems-partners-with-revolttoken-for-impending-product-launch
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