PRESS BOX
MORE IR NEWS
Release of capital market information
3U HOLDING AG plans to sell the commercial property in Hanover
Managers' transactions announcement according to article 19 MAR
Release according to art. 135 section 2 BörseG
Yearly financial report according to article 124 BörseG
Release according to art. 135 section 2 BörseG
Medigene presents data on the successful production of AML DC vaccines at AACR conference
 
ANNOUNCEMENT OF 01.12.2018 05:30 PM
Meldung drucken Artikel weiterleiten
pta20180112019
Business news for the stock market
Pressefach Pressefach

Stockholm IT Ventures AB: STOCKHOLM IT VENTURES AB CONFIRMS DETAILS OF BYTEMINE ICO

Nacka Strand, 12.01.2018 (pta019/12.01.2018/17:30) - ISIN SE 0006027546 - Following Mondays (09.01.2018) news that Stockholm IT Ventures AB was to launch an ICO of its cryptocurrency Bytemine, the company has confirmed that all coin holders will receive bonus payment which will be paid annually. Stockholm IT Ventures has committed to giving 50% of all of its profits from cryptocurrencies mined to be divided amongst coin holders for the first three years of it's mining operation, that will be funded by the Bytemine ICO. Additional mining deals are currently being negotiated which will be separate to the Bytemine mining arrangement and will not yield bonus payments. In addition to the coins sold, Stockholm IT Ventures will be issuing free coins to existing shareholders in the company, with 1 Bytemine coin being issued for every 1000 shares held as a reward for their loyalty, which will also receive a share of the bonus payments made to coin holders. The distribution of the airdrop will be 5 days prior to the start of the ICO, the date of which will be finalized next week.

Presales of the Bytemine coin will start today at 23:00 CET, with the ICO scheduled to commence in late February and complete in early March.

Wayne Lochner, Chairman of Stockholm IT Ventures AB said "We are delighted to be issuing an ICO of our Bytemine coin to fund our cryptocurrency mining business. We will be issuing free coins as a reward to our shareholders so they can share in what we believe to be very exciting times ahead for the company. We hope to be in a position to announce further deals that the company is securing in a very short period of time."

For further information, please contact:
Stockholm IT Ventures AB
Vikdalsgränd 10A
S- 131 27 Nacka Strand
Sweden
Wayne Lochner
Email: wayne@myfantrac.com
Tel.: +44 207 148 6214
Cell: +44 7956173408

(end)

emitter: Stockholm IT Ventures AB
Vikdalsgränd 10A
13127 Nacka Strand
Sweden
contact person: Wayne Lochner
phone: +44 207 148 6214
e-mail:
website: stockholmit.co
ISIN(s): SE0006027546 (share)
stock exchanges: regulated market in Frankfurt; free market in Dusseldorf, free market in Munich, free market in Stuttgart; open market in Berlin