Known as a public firm that invests in blockchain-based projects, 360 Blockchain Inc., has recently announced its ongoing efforts in acquiring both ICORanker and BlockchainRanker, platforms that focus on providing information on ideal initial coin offerings and blockchain infrastructure respectively.
The first announcement made early July 2018, was followed by the latest one from Wednesday, July 25th, 2018, in which it was shared that 360 Blockchain Inc.’s agreement phase with the parties involved was accomplished.
360 BLOCKCHAIN INC. COMPLETES ACQUISITION OF PROFITABLE BLOCKCHAIN ASSETS
Deal includes top-performing https://t.co/eRTRGHwysb website, https://t.co/eSg96MmvbO and exclusive token-sale marketing databases
(CSE: $CODE) (OTC: $BKLLF) (FWB: $C5B) https://t.co/zAqTkrGnE4
— 360 Blockchain (@360blockchain) July 26, 2018
Jeff Koyen, the advisor for 360 Blockchain Inc., believes that the acquisition will help the firm establish a good stance within providing accurate data on ICOs. His excitement was evident, as he said that “the token sale ecosystem has a bright future.” He also added that ICORanker could take the firm to “the next level of profitability.”
Koyen trusts that combining 360 Blockchain Inc.’s “resources and skills” with that of ICORanker will help to establish a platform that houses “trusted resources for token-sale data and insights.” For the time being, the Co-Founders of ICORanker, Chad Kettering and Armando Pantoja, will continue to offer their help despite the exchange of ownership. The main reason for the relation is to help integrate the two businesses in a smooth manner.
The next firm to make it to 360 Blockchain Inc.’s list of acquisitions will be that of BlockchainRanker, which is planned for a relaunch sometime this year. It also has been revealed that Koyen will be taking the necessary steps to ensure that the two websites are managed accordingly.
360 Blockchain Inc. still needs to make the payment in cash to complete the acquisition process. As for the payment, the public firm owes USD$1.5 million, with USD$250,000 worth of shares that will be distributed to the owners of ICORanker.
The CEO of 360 Blockchain Inc., George Tsafalas, has openly shared that updates will be made shortly, highlighting that the newly acquired platforms will be,
“diversifying holdings and adding a high growth business to our growing portfolios of blockchain assets.”