Business
Planet Ventures Inc. Announces its First Ever Investment in a Private Pre-Sale Initial Coin Offering Through German Based Stryking Entertainment
(via TheNewswire) Vancouver, British Columbia / TheNewswire / Januar...
About this update from Planet Ventures Inc
[{"type":"text","content":"Planet Ventures Inc. Announces its First Ever Investment in a Private Pre-Sale Initial Coin Offering Through German Based Stryking Entertainment(via TheNewswire)\n \n \nVancouver, British Columbia / TheNewswire / January 4, 2018 - Planet Ventures Inc. (the \"Company\") (TSX.V: PXI; FSE: P6U) is pleased to announce that it has invested $50,000 USD in Stryking Entertainment, a software development company specializing in sports fan engagement and monetization by combining real and virtual worlds to create genuine interaction opportunities for fans, stars and brands. Founded in Berlin in 2012, Stryking Entertainment has developed its flagship project called Football-Stars, which is an innovative and immersive fantasy sports game targeting the 3.5 Billion football (soccer) fans globally. Through Stryking's new fantasy football (soccer) platform, users compete against each other in numerous challenges while proving their expertise and instincts. \n\n\n \nThe company's unique free-to-play monetization and retention model makes Football-Stars a rising star in the Daily Fantasy Sports universe. By fulfilling different activities like winning the daily free challenge, inviting friends or unlocking achievements, players can receive virtual currencies called \"Coins\" and \"Stars\" which can be used to participate in other paid challenges, real-life fan merchandise as well as other attractive gadgets through the in-game shop. \n\n\n \nStryking Entertainment is currently private but is planning to move ahead with an Initial Coin Offering (\"ICO\"), where at which time, Planet's investment will convert into \"STRYKZ tokens\".\n\n\n \nPlanet Ventures Chief Financial Officer, Zula Kropivnitski, states \"We believe the crypto-currency market is only at its infancy so we're extremely excited to take part in our first ever private pre-ICO investment. The space has been on an absolute tear over the last twelve months and we believe it'll continue well into 2018 so we look forward to capitalizing on some of those gains through our portfolio. Stryking has the necessary team, operational capabilities and potential to become one of the most exciting ICO's on the market in 2018. Their novel approach to this growing industry has not only set them apart from the competition, proven that they can rapidly generate a wide-range of users but most importantly...