Datawallet Closes $40 Million Token Sale

Blockchain-Based Data Marketplace Empowers Users to Take Back Ownership of Data, Offers Businesses Quality, Permissioned Consumer Data

SAN FRANCISCO, February 6, 2018 — Datawallet, a leading C2B blockchain-based data exchange, today announced that its DXT token sale has sold out after reaching its hard cap of 333,333,333 DXT and achieving it’s goal of $40 million USD. The pre-sale, which started on January 22, 2018, was available to Datawallet’s earliest supporters on a first-come-first-served basis, with the final batch of $8 million selling out in 55 seconds, and the crowdsale selling out on February 6.

Datawallet CEO and Founder Serafin Lion Engel said, “We are delighted to have achieved this caliber of support to help us develop the project. We plan to aggressively grow the company and the technology so we can continue to provide the best data application. Datawallet will become the world’s most trusted Personal Data Management Platform, empowering consumers everywhere to be the sole supplier and beneficiary of their data.”

The DXT token will be used within the Datawallet ecosystem as the primary medium of exchange within Datawallet’s closed economy. Users can earn tokens through expressively sharing data with select companies, and can then utilize their tokens in exchange for rewards in the Datawallet App Store. The distribution of DXT will also support the launch of Datawallet’s powerful analytics tool DX Insights, and allow developers to create customized services on top of the Datawallet API that are based on opt-in data provided by consumers.

Tim Draper, Founder of Draper Associates and DFJ, said, “Serafin’s vision is extraordinary: that people should be able to control and sell their own data. I backed him very early as one of the top students at Draper University, and now his company Datawallet is making this vision a reality. This company looks to lead the decentralization wave in the data space.”

A fixed amount of 1 billion DXT tokens were created, with a total of 33% being sold for use within the Datawallet app. The Datawallet team will continue to support consumer education in the industry and empower developers to build advanced applications with the tools and resources allotted through Datawallet.

Datawallet investors include Tim Draper and Salesforce CEO Marc Benioff. Blockchain Association of Canada Executive Director Kyle Kemper, Shapeshift CSO Michael Perklin, Stanford University Professor Guenther Walther, and other notables serve on its Board of Advisors. For more information, visit www.datawallet.com and join Datawallet’s Telegram channel here.

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