DataBroker DAO Extends Token Sale to June 30th, Doubles Token Distribution and Sets Sights on China

May 31, 2018 at 21:20 // PR
DataBroker DAO extends token sale

Having carefully considered the next steps for DataBroker DAO, the DTX token sale has been extended to the 30th of June and for every DTX purchased, participants get a bonus token with the extra tokens subject to a 3 month lock-up period.

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.

Token Sale Extension & Token Distribution Doubled

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.

DataBroker DAO is Heading to China

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.

Platform Development

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.

DTX Token Sale

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.

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Media Contact
Contact Name: Frank Van Geertruyden
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DataBroker DAO is the source of this content. This press release is for informational purposes only and should not be viewed as an endorsement by CoinIdol. We take no responsibility and give no guarantees, warranties or representations, implied or otherwise, for the content or accuracy. Readers should do their own research before investing funds in any company.

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