ALYI Publishes $100 Million ICO Update From Finance Partner RevoltTOKEN
November 13 2020 - 10:16AM
InvestorsHub NewsWire
Dallas, TX -- November 13, 2020 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
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
info@lithiumip.com
+1-800-713-0297
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