ALYI Funding Partner RevoltTOKEN To Launch $100 Million ICO From Bermuda
Alternet Systems (ALYI) announced a funding partnership with RevoltTOKEN, securing a $25 million initial investment at $0.05 per share. The company has commenced a $2.5 million drawdown for a 100-acre facility in Africa, as part of a broader $100 million investment plan linked to a cryptocurrency offering (ICO). RevoltTOKEN aims to support electric mobility solutions in Sub-Saharan Africa through an upcoming ICO, leveraging Bermuda's favorable cryptocurrency regulations. This initiative highlights ALYI's commitment to sustainable transportation and economic development in under-resourced regions.
- Secured a $25 million investment commitment from RevoltTOKEN.
- Initiated $2.5 million drawdown for construction of a 100-acre facility.
- Total funding goal of $100 million through RevoltTOKEN ICO.
- Focus on sustainable transportation in Sub-Saharan Africa.
- Bermuda's favorable regulations may attract more investors.
- None.
DALLAS, Sept. 2, 2020 /PRNewswire/ -- 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
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 complementary 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
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
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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SOURCE Alternet Systems Inc.
FAQ
What is the funding agreement between ALYI and RevoltTOKEN?
How much total investment is planned for ALYI from RevoltTOKEN?
What is the purpose of the upcoming RevoltTOKEN ICO?
Why has RevoltTOKEN chosen Bermuda as its domicile?
How does ALYI plan to use the funds from the RevoltTOKEN ICO?
