Block One Capital Announces USD $750,000 Allocation in Oversubscribed Private Presale Token Generation Event (TGE) of Shopin
11 April 2018 - 5:05PM
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Block One Capital Inc. (TSXV:BLOK) (OTCQB:BKPPF)
(Frankfurt:ES3) (the “
Company” or “
Block
One”), an investment company focused on high growth
opportunities in the blockchain and digital currency mining sector,
is pleased to announce that it has received a USD$750,000
allocation in the highly oversubscribed presale of Token Generation
Event (TGE) of Shopin, a New York, USA headquartered, Retail
Blockchain Solution Company (www.shopin.com). Pursuant to the Terms
of the private presale, the Company purchased USD$750,000 of Shopin
utility tokens.
To date, Shopin has raised gross proceeds of $40,000,000.
Shopin was the Winner of Best ICO at the North American Bitcoin
Conference and the Winner of Best ICO at the CoinAgenda
Bitcoin/Cryptocurrency investing conference. (Link to Mr. Eran
Eyal, CEO of Shopin, discussing Shopin: https://goo.gl/wEqLD8)
Shopin unites retailers and their customers through personalized
data intelligence for an unprecedented shopping experience within
the participating retailers’ own sites, apps and stores and is
expanding to publishing. Shopin, a private company, is a pioneer in
creating a blockchain solution where consumers own their own data.
Shopin works with retailers to create a secure profile that enables
shoppers to build and own their complete product preference and
purchase data profile.
It will create a more sustainable retail economy where retailers
become stronger by working together with shoppers, to get the most
personalized experience and value in every online and offline
experience. Shoppers are rewarded, by retailers, through Shopin
cryptocurrency based on the value of their data, for receiving ads,
consuming and sharing content, and referring friends where they can
spend the cryptocurrency along with FIAT (cash, credit cards) with
the participating retailers.
CEO and co-founder of Shopin, Eran Eyal is quoted: “This will
create a new paradigm of personalization, conversion, user data
management and finance between the retailer and shopper.”
According to Shopin, the Shopin solution gives back to the
consumer, the power of individual consumer profile data, utilized
by companies such as: Google, Facebook and Amazon and repatriates
the financial benefit of consumption and preference data back to
the consumer. At the same time, using next-generation artificial
intelligence (AI) and blockchain technology, Shopin enables
retailers to better understand and serve their customers. This
solution comes at a crucial time when the misuse of customer data
by Facebook and Cambridge Analytica data modelling debacle reveals
the broken data models of the advertising and big data
industry.
Shopin recently collaborated with two well-known fashion and
home-goods retailers for a pilot program that produced
groundbreaking results. Each retailer invited their registered
customers to create a Shopin profile, resulting in 719,000 sign-ups
within 30 days. Based on personal shopper preferences and purchase
data, Shopin was able to provide those registrants with curated
recommendations, leading to a 22% lift in conversions, and yielding
$14.7 million in additional sales. Of the shoppers who created a
Shopin profile, 72,000 of them invited 65,000 additional new users
to go through a Shopin onboarding.
Shopin was co-founded by Mr. Eran Eyal, CEO, Mr. Divakar
Rayapaty, CTO and Jeremy Harkness, Blockchain Technology Officer.
Mr. Eyal is an entrepreneur with three exits as a founder and more
than a decade of experience in retail and ecommerce. He is the
winner of the United Nations World Summit Award for Innovation,
Fast Company’s Most Innovative Startup, and he is an investor and
advisor for many startups. Mr. Rayapaty was the first engineering
hire and Principal Software Engineer at Priceline for 14 years. As
a leading member of the engineering team, he was instrumental in
architecting and building Priceline’s core processing platform.
Since then, he was the co-Founder at Flowhealth, Director at
Mezoclick, and Cofounder and Chief Technology Officer (CTO) at
Maker’s Brand.
In the next month, Shopin intends to release their
infrastructure project to scale Ethereum-based DAPPs to +1,000,000
transactions per second in a public, permissioned blockchain with
decentralized and distributed A.I. and storage.
“Shopin is not only the category killer in blockchain
architecture built for mass consumer applications, it also enables
both millions of data transactions per second on the Shopin
blockchain and token interoperability through Atomic swaps. The
founders and their team are visionaries who will be remembered for
harnessing the power of the blockchain to restore power and privacy
to the individual,” said Mr. Sothi Thillairajah, CEO of Block One
Capital Inc.
For more information on Block One please visit
the Company’s website at: www.blockonecap.com.
“Sothi Thillairajah”Chief Executive Officer
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT
RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS
RELEASE.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
FOR ADDITIONAL INFORMATION CONTACT:
Block One Capital Inc.
Office: 604-398-4485; email:
info@blockonecap.com
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