Flex Class Holdings Adopts Blockchain Technology
The equity shares of Flex Class Holdings currently trades on the OTC Premarkets and has a valuation of close to US $7 billion. The annual revenue of the company is close to US $223.67 million and is marginally in loss.
Flex Class has remained the eye candy of global investors but the company has constantly refused to raise any private equity investments. The company is also planning its listing on the NASDAQ/OTC Markets in the coming few months.
Flex Class Holdings for its blockchain adoption and will spend close to US $4.5 million.
Starting next week, Flex Class Holdings will structure all its businesses under flexdegree.io and will launch an Initial Coin Offering (ICO) offering which may begin from November 5, 2017. The ICO will be based on Ethereum.
The company is planning to raise in excess of US $35 million and will issue the whitepaper for the global audience.
Flex Degree will authorize itself 3 billion coins for the lifetime and will issue 35 million coins for the public subscription. The 500 million coins will be issued to US based Kali Global Foundation for the student scholarship and 235 million coins to the partners and team members.
Each Flex Degree coin will be sold for US $1 and will be available to a limited number of investors.
Interestingly, the ICO offering will be fully underwritten by the Hong Kong based ICO underwriter and will remain open for no longer than 7 days.
The ICO once subscribed will begin trading on the OTC Premarkets under the ICO segment. The advisor for the placement and underwriting is EGW Capital Inc., USA.
Flex Class Holdings which has a student base of 3.8 million will make its coins available for buying online courses, scholarships and for remunerating the partners and the team members.
Flex Class Holdings is also planning to launch a scholarship program which will cost the company US $200 million in Flex Degree coins and will benefit 100,000 students. This will also help the company to make its coins available to a wider set of audience and will enhance the liquidity of Flex Degree coins.
Under this scholarship program the students will receive an online MBA degree along with several other skill development courses. The student will have to pay just US $20 for an online MBA course and the rest will be compensated through coin based scholarship program.
According to a representative of Blockchain Capital, Flex Class coins may surpass US $10 in value within one year and may touch a high of US $100 in 2-3 years.
“We are excited as we have done an important transformation. Blockchain is the future and to fund our funding requirements we will do an ICO. We are hopeful that our ICO will create tremendous value for our investors,” said Anurag Vaid, Founder of Flex Class.
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.
Flex Class India
Postal Address: Statesman House Connaught Place New Delhi - 110001
Press Contact: Thomas Mueller
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Flex Class Holdings Adopts Blockchain Technology here
News-ID: 773815 • Views: 509
More Releases from Flex Class Holdings
Flex Class Edustars Security Token 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
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
Flex Class Holdings has officially initiated the process of acquiring Edustars tokens for its proposed Initial Coin Offering (ICO) for an undisclosed amount. The transaction mainly involves right over its brand name and the domain name Edustars.io. Flex Class Holdings, a $15 billion (INR 109,000 crore) online education company is proposing ICO from over a year. On the basis of anonymity, a person closer to the transaction estimates the deal value at
Flex Class External Shareholders To Float PE Fund Headed By Rahul Kumar
Flex Class Holdings is all set to sell 65% equity to a undisclosed private equity company, the negotiations are on and the deal is well kept under the wraps, all waiting to be announced in the last week of June. The founders are constantly traveling between Dubai and New York to seal the deal in the best interest of all stakeholders. Flex Class earlier wanted to sell 48% equity, but few
More Releases for ICO
Flysio strategic partnership with ICO Pantera
Flysio is excited to announce our new partnership with the leading Korean growth accelerator, ICO Pantera. Korea is one of the most important markets in the travel industry as well as the Blockchain industry. Backed by a large community of active blockchain users, presence in the Korean market is very important for any blockchain project. Flysio, though currently in its nascent stage, is required to have a strong Korean presence for
Microbitcoin ICO Review
Micro Bitcoin is powered by the most scalable and advance Blockchain technology the power instant and private payments. Use Micro Bitcoin to make instant, private payments online or in-store using our secure open-source platform hosted by thousands of users around the world. Micro Bitcoin is open-source and accessible to all. With Micro Bitcoin, you are your own bank. Only you control and are responsible for your funds. Your accounts and
Qrapa launches ICO
Building the world's most secure and decentralised social media platform. Amsterdam, January 21, 2019 – Qrapa B.V. is pleased to announce the launch of the QER Token Sale (or ICO) after almost 1.5 years in stealth development. The private sale round commences on January 25 2019 at 5pm GMT to Feb 25 at 5pm GMT. Private sale round is priced at 20 cents per QER, with 50% bonus. The pre-sale round is
Best ICO for 2019
We are a new age technology company revolutionizing the way you will see or buy your home. We, at Home 360 View will provide you with a platform for live streaming view into your next showing or open house event. Imagine viewing your next property from the comforts of your home. We, at Home 360 View are committed to assist you selling or buying your next property hassle free. We are a new
InWara Global, The most trusted ICO database.
Leader in ICO, Blockchain and Cryptocurrency Data. Trusted, accurate and verified data preferred by capital markets, blockchain and cryptocurrency industry specialists. InWara is the leading source of research, consultation and insight in critical areas that shape today's digital currency landscape. We are the leaders in publishing cryptocurrency information databases. Our products cater to capital markets, corporates and regulatory authorities. Our clients include hedge funds, asset management companies, qualified institutional investors, banks
DYLYVER ICO PREPARES TO LAUNCH
With Dylyver seeking to integrate secure and transparent transaction, there is the need for the introduction of the blockchain system. Due to Dylyver passion for transforming the ride-sharing and package delivery system, Dylyver has introduced the DYCOIN Token. DYCOIN token The DYCOIN token, Dylyver’s cryptocurrency, is the catalyst for a standardized global approach for peer-to-peer ridesharing and package delivery services, enhanced by advantages of blockchain-secured transactions. The token is designed as