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Flex Class Edustars Security Token Contract Goes Live

01-10-2019 08:38 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Flex Class Holdings

Flex Class Edustars STO Blockchain Contract Goes Live

Flex Class Edustars STO Blockchain Contract Goes Live

Flex Class, the world’s first artificial intelligence based online education business has went live with its token creation on the Ethereum blockchain (ERC20) for its proposed $250 million security token offering under the brand “Edustars”. The Edustars token contract can be reviewed by using the following URL: “https://etherscan.io/address/0xbf45f0c4c544a99550a91971eee67dae29dee98b”

Flex Class has created 19.03 billion Edustars tokens priced at $0.75 each (Symbol: EDST) which will be offered to the public when the STO offering goes live under the Regulation S primarily to the non-US based investors).

The tokens will be allocated to the existing investors in the first week of February, 2019. As per US securities law, the tokens will not be made available to US based investors in a public offering. If any US based investor purchases tokens, the same will be restricted for 12 months before they can be traded freely on the markets.

At this offering price of $0.75, the valuation of the company stands at little over $14 billion almost half of its existing valuation on the OTC Premarkets. The existing listing of the shares will be now be suspended and will be replaced with the tokens. The replacement listing is expected to happen next week.

Last month, the company has raised $104 million (pre-STO) from the non-US based private high networth investors based in Oman and is targeting to raise $250 million from the public offering scheduled for launch in the first quarter of 2019. It was earlier rumoured that the company has raised funds at a $28 billion valuation but the actual number stood at almost half of the rumored figure.

Flex Class has also created an additional token contract under the symbol “EDUT or Edustars Lite” which will be used as a utility token within the educational platform. The tokens will be airdropped to the students willing to buy courses at 90% discount to the market price. The token is priced at $0.50 each and the value of this token will remain static as they will not be traded on the markets or will be offered to raise funds.

Edustars Lite blockchain contract can be reviewed by using the following URL “https://etherscan.io/address/0xdfa0929195a9881ae9c2fe976e3cd555748b0eaa”

A pioneer in online education for professionals, we create course programs, exams, and lab projects that help professionals across the world successfully prepare for and complete certification exams with ease. Our unique blended model of training brings together the best of self-learning and online training, making for a successful learning experience.

We strive to constantly improve our learning frameworks to make them more user-friendly.

Our courses are upgraded continuously to ensure our learners are up-to-date on the latest industry requirements and best practices.
We assist our learners in applying for the certification exam of their choice, and our vibrant community of experts and certified professionals is a powerful resource pool of tips, tricks, and insightful advice.

Postal Address: Statesman House Connaught Place New Delhi - 110001
India
Press Contact: Thomas Mueller
Email: help@flexclass.org
Web: www.flexclass.org

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Flex Class Holdings Secures $50 Million Funding
Flex Class Holdings Inc. has secured an investment of US $50 million (INR 360 crore) from the non-US accredited investors against its proposed security tokens. The funding was facilitated by EGW Capital India. The company has filed Form D with the Securities & Exchange Commission (SEC) and is still seeking to raise another US $10 million. The company is proposing to launch Securities Token Offering (STO) of $100 million in the last
Flex Class In Talks To Acquire Edustars Tokens
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