Sentences with phrase «dala token»
Wala gains traction through key partnerships and the Dala token sale Cape Town, November 27 2017 — Wala, a blockchain - powered financial services platform for the unbanked and underbanked, has gained significant traction over the past 2 months including an equity
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The Dala token sale will also use the Civic app to provide identity verification services to backers.
Cape Town, November 27 2017 — Wala, a blockchain - powered financial services platform for the unbanked and underbanked, has gained significant traction over the past 2 months including an equity investment from Newtown Partners, a banking partnership, a payments partnership, the launch of the Wala Financial Platform, an impressive list of advisors and the launch of the Dala token sale.
The Dala token sale will look to crowdfund US$ 30M and issue participants with their share of 300 million Dala utility tokens.
Upon launch, the Dala token will have immediate utility within the Wala Financial Platform where a user can transfer Dala to other Wala users for free, remit across borders, and redeem Dala for airtime, data, and other value - added services.
«The Dala token sale had registrations for participation in excess of $ 2 - million, but these didn't all convert into participation due to the high opportunity cost of not holding BTC,» he said.
He stressed that the $ 30 - million cap was not the minimum that Dala needed to sell in tokens to operationalise the Dala token economy in the short - term.
We will use Dala Tokens to jump start our rewards programme immediately after completion of the token sale.»
We expect to responsibly offer further Dala tokens for sale in future,» he said.
Not exact matches
The token sale aims to crowdfund more than $ 30 - million over four weeks and will issue participants with a share of 300 million Dala utility tokens.
In October 2017 the investment firm announced that it would back a crowdfunding token sale of Dala, a new financial services utility token, on behalf of SA fintech startup Wala.
Data provided by independent ICO database ICO Drops shows that the VC firm raised almost $ 1.2 - million for a crowdfunding token sale of Dala, a new financial services utility token built on the Ethereum blockchain.
As part of that journey, Wala is the launch partner for a new financial services utility token, Dala, which will be sold and issued in a crowdfunding token sale this November and December.