ALYI Funding Partner RevoltTOKEN To Launch $100 Million ICO From Bermuda
September 02 2020 - 8:35AM
InvestorsHub NewsWire
Dallas, TX -- September 2, 2020 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today released new information from its investment
partner RevoltTOKEN (www.revolttoken.com).
ALYI has entered
into a comprehensive funding agreement with RevoltTOKEN that
includes an existing $25 million first tranche investment
commitment at $0.05 per share. 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.
The following is a
comprehensive update form the RevoltTOKEN CEO, Henryk Dabrowksi,
that describes the opportunity to become a stakeholder in the ALYI
electric mobility ecosystem through participation in the upcoming
RevoltTOKEN ICO. The update also introduces an immediate
RevoltTOKEN pre-ICO participation opportunity now that RevoltTOKEN
has elected to domicile within
Bermuda.
RevoltTOKEN CEO
Update
The management team members behind
RevoltTOKEN are experienced cryptocurrency industry professionals
with past experience managing previous cryptocurrency
offerings.
The ALYI management team is new to the
cryptocurrency market, but confident and enthusiastic about the
ideals of democratized investment embodied within the structural
paradigm of blockchain technology.
The RevoltTOKEN cryptocurrency launch has
been methodically developed at a prudent pace to carefully
implement measures designed for ALYI to achieve both its near-term
and long-term goals.
The RevoltTOKEN management team has been
engaged in the past to assist other clients in meeting singular
project funding goals.
ALYI’s requirements are otherwise a
cascade of objectives organized to grow an electric mobility
community consisting of many different stakeholders with
complimentary interests that all serve to build a sustainable
enterprise that’s success is inexorably linked to the benefit the
enterprise facilitates for the overall good of
society.
ALYI’s electric mobility focus in
Sub-Saharan Africa is founded on bringing environmentally
sustainable transportation resources to a region where per capita
transportation infrastructure is substantially under resourced. At
the same time, ALYI intends to develop and deploy the subject
sustainable transportation solution in a manner that optimizes the
economic benefit to the local
economy.
The Rideshare ReVolt Electric Motorcycle
is designed to augment the current Sub-Saharan motorcycle taxi
(boda boda) market capacity and in the long-term, evolve the entire
motorcycle fleet into a safer and environmentally sustainable
ecosystem.
The Rideshare ReVolt Electric Motorcycle
is just the starting place for ALYI’s long-term electric mobility
vision. Instead of designing specific future
products in an isolated lab, ALYI has designed a process to bring a
community of stakeholders together that can collectively contribute
to the future of electric mobility in Sub-Sharan Africa and
beyond.
To motivate and inspire collaboration in a
rational electric mobility evolutionary process, ALYI has
architected an annual electric mobility symposium and conference
around an electric auto race as an anchor event. The annual
event will generate revenue contributing to the local economy, at
the same time contributing to the evolutionary development of
future electric mobility innovations. The expense of research
and development will at least be offset by revenue from the annual
event and potentially, research and development may become a profit
center.
The upcoming RevoltTOKEN initial
cryptocurrency offering (ICO) is the catalyst designed to set the
ALYI electric mobility initiative in perpetual
motion.
The RevoltTOKEN cryptocurrency is
structured to incorporate the holder as a stakeholder into the ALYI
electric mobility ecosystem.
We have painstakingly structured the
RevoltTOKEN cryptocurrency as a utility token with redeemable value
into the ALYI electric mobility
ecosystem.
We encourage all interested in purchasing
RevoltTOKEN cryptocurrency to thoroughly review the white paper
currently in a draft form and available on the RevoltTOKEN website
(www.revolttoken.com)
where the cryptocurrency redemption options are
listed.
The whitepaper also details the overall
vision of the ALYI electric mobility ecosystem in partnership with
those becoming RevoltTOKEN
stakeholders.
In our painstaking efforts to construct
the RevoltTOKEN cryptocurrency, we have carefully evaluated
domiciles that best suit the interests of all future stakeholders
in the ALYI electric mobility ecosystem. Selecting the best
domicile has been the last key step in moving forward with our $100
million RevoltTOKEN ICO and ALYI funding
transaction.
We believe the RevoltTOKEN cryptocurrency
should appeal to and invite global participation and that the
domicile for the cryptocurrency should be suited to a global
audience. We also recognize cryptocurrency is still a
relatively new idea and that the parameters and practices by which
cryptocurrency enterprises are transacted are still evolving.
Some domiciles have better experience than others with
cryptocurrency, and some domiciles regard the future of
cryptocurrency more optimistically than
others.
We have elected to domicile RevoltTOKEN in
Bermuda. Bermuda is a well-respected international finance
center with a host of international banks. Bermuda last year
passed new cryptocurrency laws designed to respect the financial
regulatory interests of the international investment
community.
With our domicile selected, RevoltTOKEN is
prepared to promptly move forward with the planned ICO. The
ICO date and details will be forthcoming in several soon to be
published future updates.
In the meantime, any parties interested in
the pre-ICO purchase of RevoltTOKEN cryptocurrency can contact the
company by email at ir@revolttoken.com
to explore pre-ICO incentives
and opportunities.
The interest to date in ALYI’s electric
mobility ecosystem and the corresponding RevoltTOKEN ICO has been
flattering but difficult to keep up with. By making the
separate ir@revolttoken.com
email address available for
specific questions regarding the RevoltTOKEN ICO, to include
pre-ICO purchase opportunities, we believe we can improve our
response rate. Thank you for your patience with the questions
we have not yet answered.
The high number and nature of the emails
we have received is an indication that the $100 million ICO
objective is achievable and that potentially, the $100 million
objective can be exceeded.
On behalf of ALYI and RevoltTOKEN, we look
forward to soon bringing you the RevoltTOKEN
ICO.
To learn more about the upcoming ICO
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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