STOCKHOLM, Oct 22, 2018 /PRNewswire/ -- Stockholm IT Ventures AB (Frankfurt Stock Exchange: SVAB - ISIN SE 0006027546), today announced that they will be listing their Bytemine (BYTM) token on the Stealth Exchange (stealthexchange.io) effective on 31 October 2018.
"This is the first of many exchanges we plan to be trading on" said Anthony Norman, CEO of Stockholm IT Ventures AB. "It is just the beginning for the Bytemine token and what it represents, but the enthusiasm and interest we've seen from the potential exchanges we're talking with is very exciting and only strengthens our belief in the bright future of the Bytemine token and eco system we are building."
Recently Bytemine updated their business model to incorporate the AI high speed trading model of Blocktrade Trade Technologies (BTT) which plans to pay out a dividend of 50% of its trading profits to all investors via smart contract. The company also recently announced the soon to be launch of BytemineX, a members club where users are able to invest into early stage decentralized blockchain technology investment opportunities using the Bytemine token. The club's stated goal is to democratize the ability for all investors to access premium, early stage investment opportunities in the ever expanding decentralized blockchain application marketplace. The token itself is a representation of the of the vision for up and coming companies to be able to communicate their story to a group of investors, issue tokens to bring their concept to reality.
In the members business model, Bytemine's BYTM token not only has a use case in the trading pair, but also in listing fees for new tokens as well as various other nearly endless applications within the club eco system which will play out as the club flourishes.
About Stockholm IT Ventures AB
Stockholm IT Ventures AB is a Swedish public company listed on the Frankfurt Stock Exchange since 2014 under the ticker symbol SVAB. The Company specialises in clean and efficient low-cost energy cryptocurrency mining, production and related FinTech and Blockchain technologies. For more information visit www.stockholmit.co. You can also find the Company on Facebook, Twitter and LinkedIn. Details on the Company's Bytemine (BYTM) token and White Paper can be found at www.bytemine.io.
Stockholm IT Ventures AB
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SOURCE IT Ventures