Flex Class To Dissolve Its Corporate Shell, Adopts Blockchain
The company has plans to setup a educational marketplace where its issued tokens will be a legal tender and will become an integral part of its internal business economy. Post adoption of blockchain, any student who wish to buy any course on the platform will convert its fiat currency for the tokens.
The company has created 21 billion tokens on the ethereum blockchain and has priced them at US $1 each. The company in its whole lifetime will not issue more than 21 billion tokens which represents the current valuation of US $21 billion.
The symbol for the Flex Class tokens is FCTKNS.
The company currently serves over 3 million students globally and provides several skill development courses.
The company operates on a refundable fee business model where a student receives 75%-95% cash back when the course is completed and the certificate of completion is issued. The company will now provide cash backs against tokens which can be further used or traded in lieu of the fiat currency.
Flex Class Holdings has annual revenues in excess of US $360 million and is targeting US $1 billion in revenues by the end of 2020.
“We are not a startup, we are a mature company moving towards blockchain. We have dropped our IPO plans to adopt blockchain and with the kind of revenues we have, liquidity issues will never be a concern for our token investors,” said Anurag Vaid, Founder of Flex Class Holdings.
The company has announced a initial coin offering (ICO) of US $100 million which will open for public subscription in March, 2018. The company has plans to invest heavily in the creation of educational content and marketing.
The company has proposed to be listed on EtherDelta and Cryp OTC, an upcoming crypto exchange by April first week. The company also has plans to move its business under the laws of Estonia.
The pricing of tokens will be announced in the first week of February.
To adopt the blockchain, the shareholders will surrender their ownership and will receive tokens. The company will also delist from the OTC Premarkets by mid of February where it commands a valuation of US $21 billion.
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
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