Listed companies financing new tactics: special currency exchange stocks


nnnBarchain Global Limited, an Australian investment firm, has decided to offer A $ 300,000 (US $ 239,000) convertible coinage loan to DigitalX, a transfer start-up company. The difference between the deal and the past venture capital investment is that after a series of special events, DigitalX is already a listed company. So the Blockchain Global deal will be a milestone in the history of encrypted money.n
nnTranslation: Annie_Xun
nThe United States began to supervise the review of ICO, an Australian venture capital firm is also testing the way in which encrypted currency is exchanged for regulated corporate shares.n
nThe investment firm, Blockchain Global Limited, has decided to offer A $ 300,000 (US $ 239,000) convertible special currency loan to the transfer start-up company DigitalX, after which it has announced that it has completed the adjustment and will end the investment of A $ 4.35 million.n
nHowever, the difference between the deal and the past venture capital investment is that after a series of special events, DigitalX is already a listed company, stock code DCC, in the Australian Stock Exchange (ASX).n
nSo Sam Lee, CEO of Blockchain Global, believes that the completion of the deal will be a milestone in the history of encrypted money.n
nn”We have finished the process to complete, and look forward to complete with a third currency of 4.35 million Australian dollars of transactions, as listed companies become the world’s first initiative.”n
nnThe company used the block chain to simplify the transfer process, decided to invest in the company before the start of June; ASX website revealed the terms of the loan. Under these terms, Blockchain Global may choose to convert A $ 300,000 into shares or receive a 12% principal and interest payment after one year of withdrawal of the loan funds.n
nDigitalX has completed the adjustment, the investment company chose to convert all the special currency into shares, requiring the first loan interest paid in Bitcoin.n
nLee said, “through the special currency transactions to ensure that the transfer is near real-time, in addition to the participants, the public can see the transaction information.”n
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nNew precedentn
nLeigh Travers, DigitalX CEO Leigh Travers, said some of the “large-scale chain-chain investor relations departments” began contacting him and asked how to do so after the first release of the convertible bitcoin loan terms on the Internet.n
nIt seems that it is not so difficult, but to understand how to implement special currency loans, you must understand the DigitalX unusual background.n
nIn March, DigitalX became the first publicly traded company in Australia after the recent acquisition of Macro Energy, the brink of collapse. The fund-rich company acquired DigitalX (then Digital CC), but the acquirer’s shares more than the original shareholders, leading to changes in the controlling stake.n
nAugust 1616, News reported that the original founder of Macro Energy was accused of fraud, after DigitalX shares fell, causing the company away from the founder.n
nThe start – up of the start – up of the company ‘s short – term operation of Bitcoin is shifted to block – based transfer application development.n
nIt was at this time that the start-up company’s unusual financing and Bitcoin loans began to play a role.n
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nBit currency convertible loan introductionn
nAfter the reverse takeover, the company entered the “small amount of liquidity” phase from Travers’s “small amount of shares, cash at the bank” stage. But he said he never doubted the ability of the block-chain market and DigitalX to gain market share.n
nIn order to make up for their gap, DigitalX announced in June that it had signed an investment agreement with Blockchain Global and other investors, but most of the capital injection would need to be reconciled with shareholders.n
nDuring this period, DigitalX needed to maintain operational cash flow. So the loan through Tradeblock XBX reference exchange rate to determine the price, no brokers, lenders directly to the borrower to provide funding.n
nEnterprise consultant Ironside Capital Pty Ltd helps manage the investment process and charges 65.n
nDespite the existence of Nebeus and Bitcoin Lending Club and other special currency loan platform, Travers said the direct method provides a series of additional benefits. Including the ability to complete the transaction almost immediately on a statutory holiday, and the loan can be seen on the chain of Bitcoin, so no credential is required.n
nn”You can transfer, use and liquidate these funds within one hour, so we can go to the next trading session.”n
nnFrom the point of view of the lender, Lee said the deal was also simplified. Since it has decided to invest, the rest is to do is to obtain shareholder support.n
nLee concludes that “trading through Bitcoin guarantees that transfers are near-instant, and in addition to the participants, the public can see the transaction information.”n

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