DigitalX, an Australian-based blockchain technology consulting firm which has transitioned into servicing token sale startups after spending much of the past year developing its AirPocket money transfer app has been appointed the corporate adviser for the token sales for direct-order grocery platform, INS Ecosystem and online poker game platform CoinPoker.
A week prior the company was appointed an advisor to SingularityNET, a decentralized, open market for Artificial Intelligence (AI) algorithms and BitCar, an exotic car marketplace offering ownership shares with cryptocurrency.
These recent ICO advisory appointments build on DigitalX’s expanding portfolio of high profile ICO clients which include Power Ledger, Etherparty, and Bankera.
CEO of DigitalX, Leigh Travers commented, “The digital currency ecosystem has been expanding rapidly this year. DigitalX has an extensive network of investors with large digital currency holdings, making us an ideal conduit to connect these investors with new ventures raising funds via an ICO.”
INS Ecosystem aims to disrupt the $8.5 trillion global grocery market by creating a platform in which consumers can purchase goods directly from manufacturers in an efficient and affordable manner. The project has a clear use case for blockchain technology as a single immutable source of data on the state of flow of goods in a supply chain.
“INS was founded by the creators of Instamart, the largest venture-backed online grocery delivery operator in Russia. It has already received strong interest from more than one hundred independent suppliers globally” said Mr. Travers.
In return for the provision of corporate advisory services, DigitalX will receive 250,000 tokens. At the current ETH price of USD $460, the value of each token at the time of the ICO will be USD $1.60.
CoinPoker is a platform for online poker games to ensure provably fair and true gaming. CoinPoker utilizes blockchain tools such as smart contract technology and random number generation and has a strong backing amongst the poker playing community.
CoinPoker will be issuing 375 million chips (CHP) tokens to the market to fast-track its vision as the official currency for CoinPoker. DigitalX will receive a corporate advisory fee of 7.5 million CHP tokens, a monthly mandate fee of US$10,000, plus additional remuneration for introducing its cryptocurrency investor network.