ALYI Introduces $100M RevoltTOKEN ICO To Expand Electric Vehicle Business
Dallas, TX -- July 23, 2020 -- InvestorsHub
NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today introduced the RevoltTOKEN cryptocurrency dedicated
to funding ALYI’s $300 million electric vehicle (EV) initiative in
Africa. Below, find a detailed presentation in its entirety
on the upcoming RevolTOKEN initial cryptocurrency offering (ICO)
intended to raise $100 million to fund ALYI’s comprehensive,
long-term electric vehicle strategy.
RevoltTOKEN (RVLT) Cryptocurrency
ALYI and RevoltTOKEN Partnership
has partnered with RevoltTOKEN to fund ALYI’s $300 million electric
(EV) initiative in Sub-Saharan Africa. RevoltTOKEN has
already entered into a letter of intent (LOI) agreement to fund
ALYI with a first $25 million tranche of the overall plan to fund
an overall $100 million. RevoltTOKEN has further agreed to
pre-fund up to the first $2.5 million of the first $25 million
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 (UBER)
and Lyft (LYFT).
ReVolt Electric Motorcycle has been developed through multiple
pilot phases. An industrial engineering firm is currently
designing the manufacturing capacity to mass produce the ReVolt
ReVolt Electric Motorcycle is only ALYI’s first electric
vehicle. ALYI is currently designing electric delivery trucks
specifically for the Sub Saharan Market. Additional electric
vehicles are in the works.
market ALYI’s current and future eclectic vehicles, ALYI has
developed an annual electric mobility conference and symposium with
a brand name anchor event. The annual electric mobility event
is intended to establish ALYI as a global brand and at the same
time contribute to the evolution of future products to be produced
anchor event is a component of a $6 billion global market.
The design of the ReVolt Electric Motorcycle and the exact nature
of the anchor event are under wraps at this time, but news on both
will be coming soon.
RevoltTOKEN is entirely independent from ALYI
and completely dedicated to ALYI.
RevoltTOKEN originates from a combination of
management talent, cryptocurrency technology expertise and
technology expertise comes from the international technology firm,
Interwave, coming on board as a partner.
Interwave is a well-established, internationally recognized,
technology firm with experience ranging from systems development
for NASA to delivering the technology behind multiple
management talent comes from Interwave and a range of other
internationally recognized cryptocurrency experts all led by
another cryptocurrency expert that also has a long history with
ALYI. The former CEO of ALYI, Henryk Dabrowski is the CEO of
the RevoltTOKEN initiative.
RevoltTOKEN is well backed by a founding
investor that has seeded RevoltTOKEN’s initial financial
commitments to ALYI.
RevoltTOKEN (RVLT) is conceived on the
assumption that blockchain technology has already been implemented
and established a fundamental underlying technological protocol
that can now be universally utilized to build improved social
contracts with specific objectives.
RevoltTOKEN is built to support a specific
social contract that builds upon the original cryptocurrency
founding principles of systematic cooperation. RevoltTOKEN
benefits all those participating directly in the contract in
addition to inherently providing a multifaceted universal benefit
imperative to the ongoing democratization of economic equity and
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
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
RevoltTOKEN is a utility token that gives the
bearer a first right to purchase equity in electric mobility
businesses that are forthcoming from the overall electric mobility
initiative in Africa funded by RevoltTOKEN. Holders of RevoltTOKEN
will also be eligible for preferential participation in the annual
electric mobility seminar, conference and anchor
time, the following details the specific rights, dividends and
benefits of the RevoltTOKEN cryptocurrency:
Token – 20 Shares of ALYI Common Stock
Token Tokens – 1/10,000 of Revolt Electric
Token – Annual Carbon Credit Dividend
Token – Annual ALYI Profit Dividend
Right of Refusal on Future Ventures
- Free Attendance E-Mobility Conference &
Access To Anchor Event
RevoltTOKEN has been partitioned on the Ethereum Blockchain. The
exact and definitive details of the RevoltTOKEN initial
cryptocurrency offering (ICO) are being finalized and an ICO date
is accordingly in the process of being set.
learn more about RevoltTOKEN, visit www.RevoltTOKEN.com.
For more information
and to stay up to date on ALYI’s latest developments , please
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
Alternet Systems, Inc.