ALYI partners with RevoltTOKEN to launch $100 million ICO funding to expand its electric vehicle business
The return on investment potential from delivering technology innovation to developing economic populations will be unbeatable for the next 100 years. Approximately 1.2 billion people today live in the developed economies of North American and Europe.
With a global population of 7.7 billion, that leaves some 6.5 billion people living in regions of the world underserved by current technological capacities. Technology innovation that, for instance, improves energy efficiency and, in turn, increases access to power and transportation within developing economic countries can deliver Rockefeller returns to the investors backing the innovation.
The current state of investment innovation backed by blockchain technology opens access to such investment opportunities to anyone with an internet connection. RevoltTOKEN (RVLT) is introducing a blockchain-enabled cryptocurrency specifically for the purpose of providing everyone the opportunity to invest in the development and delivery of electric mobility technology innovation in Africa.
Today, Alternet Systems (ALYI) announced it has entered into a funding agreement with RevoltTOKEN to launch a $100 million initial coin offering (ICO) from Bermuda. In a newly released information, the agreement includes an existing $25 million first tranche investment commitment at $0.05 per share. ALYI has initiated a $2.5 million drawdown on the first $25 million to begin construction on a 100-acre facility in Africa. According to the release, RevoltTOKEN is entirely independent of ALYI and completely dedicated to ALYI.
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 ahead of the planned ICO.
ALYI has developed a comprehensive, long-term electric mobility business strategy focused on rapidly expanding into the market in Sub-Saharan Africa. The strategy begins with the production of ALYI’s proprietary ReVolt Electric Motorcycle designed for a rugged environment and to support the multi-passenger Ride-Share industry in Africa already recognized by Uber and Lyft. ALYI has evolved from managing the evolution of a portfolio of patented lithium technologies and maintains initiatives in alternative energy storage research and development, and in energy storage needs specific to military applications.
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 company said in a press release.
The whitepaper also details the overall vision of the ALYI electric mobility ecosystem in partnership with those becoming RevoltTOKEN stakeholders. RevoltTOKEN is led by CEO Henryk Dabrowski and CIO Eduardo Chapeta.