With Bitcoin prices flirting with the elusive $10,000 psychological barrier this week, we’re more intently focused on plays within the sector such as Digatrade Financial Corp (OTCMKTS: DIGAF), which bills itself as a digital-asset bitcoin exchange, blockchain development and fintech advisory services company.
As we’ve been repeatedly mentioning, the bitcoin and cryptocurrency landscape as a whole is currently flourishing, with companies scrambling to get in on the considerable action.
Digatrade Financial Corp (OTCMKTS: DIGAF) recently provided an update to shareholders regarding the previously announced integration of the Ethereum Coin “ETH” onto the Digatrade platform which is expected to be competed in November 2017. This will afford Digatrade customers and shareholders first access to register for the Digafund21 (D21) token release on the already established, safe and secure Digatrade platform.
The ICO platform is currently under development and is expected to be live and offering the presale discounted token in Q1-2018. Further project disclosure announcements will include the crypto-analytics team, development team, regulatory compliance partnerships, white paper, token structure, use of proceeds and user guide registration for token activation among other items and requirements.
The Company reports that it has completed $320,000 (USD) in funding via convertible promissory notes during Q2 & Q3 and has had ongoing discussions with additional funding sources with terms that meet the Company goal of minimizing dilution to existing and future shareholders. Digatrade, is a British Columbia corporation, with a share structure which has unlimited class “A” voting shares with 45,161,150 outstanding, 26,574,157 restricted and 18,586,994 in the float along with a total of 100,000 non-participating, non-voting class “B” shares. The Company also reports that its interim unaudited financial statements for period ended September 30, 2017 will be completed and filed on both Edgar in the United States and Sedar in Canada on or before November 29th.
Brad Moynes, CEO of Digatrade previously stated “We are very pleased to have executed a digital corporate finance LOI agreement with the ANX group who recently completed the OpenANX token release with total token sales equivalent to US$18.5m. We are continuing to analyze the regulatory compliance landscape for ICO funding methods to best serve the Company and its shareholders along with a significant budget increase in marketing and advertising to open up a new audience for the DIGAF opportunity.”
It was also recently reported by DIGAF that it had added Ethereum “ETH” paired to BTC on the trading platform. As previously announced, this will afford Digatrade customers and shareholders first access to register for the Digafund21 (D21) token release on the already established, safe and secure Digatrade platform. Further ICO information will be provided as it materializes.
The Company is currently evaluating security protocol to increase crypto-currency pairings that may include DASH, EOS, BITCOIN CASH, TETHER, MONERO, MERCURY, ZCASH, NEO among others. It is the Company’s vision to continue branding and building a globally compliant, safe, secure and easy to use digital-asset exchange while offering our customers access and liquidity to the top 21 crypto-currencies based on market-capitalization.
It is this diversification within the crypto space itself that is an attractive feature of DIGAF, whereas most existing companies trying to capitalize on digital currency have been sticking primarily to Bitcoin. We’re going to be very interested to follow along with the ongoing story here. Stay locked to Street Register for updates, and we’ll deliver those important developments on DIGAF to you as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in DIGAF stock, short or long.