Business
Digital Asset Monetary Network Enters Strategic Alliance to Enhance Acceleration Model and Increase Portfolio Value
Digital Asset Monetary Network Enters Strategic Alliance to Enhance Acceleration Model and Increase Portfolio Value.
About this update from Digital Asset Monetary Network, Inc.
[{"type":"text","content":"\nNEW YORK, May 22, 2019 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. or “DigitalAMN” (OTCMKTS: DATI), a Public Accelerator-Incubator (“PAI”), announced today, that DigitalAMN has entered into a strategic alliance with First Bitcoin Capital, LLC (“FBC”) through its parent corporation, to help strengthen the PAI’s ‘Accelerate’ phase of DigitalAMN’s business model; specifically, in the area of crowdfunding cannabis, blockchain and cryptocurrency related startups.\n DigitalAMN and FBC entered into a Services and Equity Exchange Agreement which increases DigitalAMN’s crypto portfolio assets with 1 Billion BIT tokens [a thinly traded digital currency listed on CoinMarketCap.com] and adds Dr. Greg Rubin, CEO of First Bitcoin Capital, LLC, to DigitalAMN’s team as a business consultant for cannabis, cryptocurrency and blockchain related endeavors. FBC’s network of investors, social capital, and business associations will be integrated into the ‘Accelerate’ phase of DigitalAMN’s business model which should expand DigitalAMN’s investor and userbase. “We consider FBC to be a digital asset pioneer, with its CEO being well versed with both blockchain and cannabis related projects,” stated Ajene Watson, CEO of DigitalAMN. “Many of our candidates for the PAI program operate within these industries, making this engagement particularly valuable to our ‘Accelerate’ phase of the PAI model; which includes referring client-companies to the cannabis and blockchain focused equity crowdfunding portals – Fundanna and CryptoLaunch [respectively].” Management believes the blockchain and crypto markets to still be in their infancy.  As Ana Berman pointed out in her CoinTelegraph piece, Tom Lee, the co-founder of Fundstrat Global Advisors, noted that “by the end of 2019, we expect [crypto] prices to be staging a visible recovery.”  Similarly, Nick Kovacovich in a Forbes article, suggests that cannabis too is a ‘budding’ sector, highlighting various trends like federal legalization efforts by Rep. Earl Blumenauer’s (D-OR). With cannabis and blockchain being at the forefront of hot investment topics today, management believes FBC could lend its expertise an...