Place/Date: Dubai, UAE - May 31st, 2018 at 8:32 pm UTC · 3 min read
Contact: Frank Van Geertruyden, Source: DataBroker DAO
Since the launch of the Token Sale, the DataBroker DAO platform has undergone radical positive changes as well as broadening the scope of vision for the project. New opportunities have presented themselves, and so DataBroker DAO is proud to reveal the exciting details to the public.
To begin with, just as the DTX token sale period was nearing its end, several questions arose from the community on the telegram channel regarding whether or not unpurchased DTX tokens would be burned or not.
Taking away the most salient points of the discussion, DataBroker DAO has concluded that the best and most fair approach would be to distribute them to the community.
For everyone that already has and will go on to participate in the DTX token sale, one it has concluded, you automatically receive an extra token for each one purchased, increasing the base rate of 4000 DTX per 1 ETH to 8000 DTX, subject to a 3 month lock-up period.
Furthermore, DataBroker DAO has been assessing the sizable Internet of Things (IoT) and sensor data market on both the manufacturing and data buyer sides. Recent findings show that the Chinese IoT market is presently gigantic, it currently is worth CNY 500 billion (80 billion USD) and that is expected to double by 2020.
In response to these findings, DataBroker DAO has extended the DTX main sale until the 30th of June to enable these potential stakeholders to join in; subsequently, DataBroker DAO will be postponing listing DTX on the CoinFalcon exchange until this extended period ends. In the meantime, DataBroker DAO is in the process of having the DTX token listed on a reputable Chinese exchange.
DataBroker DAO is additionally hitting the road and heading to China for two-weeks, visiting Beijing and Shanghai with two additional cities in consideration; the goal of which is to introduce the platform to the lucrative Chinese markets and shoot for the 108 Million DTX sale target.
On the technical side, DataBroker DAO is ready to launch the hotly-anticipated dataset feature that allows data purchasers to sell ‘processed datasets,’ i.e., AI, BigData, aggregation enriched data, and it will go live on the Dapp this week. DataBroker DAO believes this extra monetization option can generate waves of bold innovations on an unfathomable scale.
The team is also collaborating with external experts to finalize the release contracts, as well as implementing “a bridge between the Ethereum Mainnet with the DTX token, and the Parity based proof of authority network that will run the application.”
Additionally, DataBroker DAO would like to invite DTX purchasers with stakeholder contacts from the Chinese markets who have an interest in data monetization, to make an introduction on behalf of team members heading to China. You are all welcome to share these via DM on the DataBroker telegram channel.
As mentioned previously, the token sale for the platforms native token DTX has been extended to June 30th, 2018. The rate of exchange is now 1 ETH per 8000 DTX; this is inclusive of participants who purchased DTX prior to this announcement. 4000 of the tokens earnt per ETH will be subject to a 3 month lock-up period.
Disclaimer DataBroker DAO is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The DataBroker DAO token sale is closed to US participants and participants of all countries in which ICOs are illegal.