openPR Logo
Press release

Flex Class To Dissolve Its Corporate Shell, Adopts Blockchain

01-08-2018 10:07 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Flex Class Holdings

Flex Class Proposing ICO

Flex Class Proposing ICO

Flex Class Holdings Inc. in a board meeting held in Dubai on January 3, 2018 has approved the dilution of its corporate holding structure in the United States and will now permanently adopt token economy structure on the 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
India
Press Contact: Thomas Mueller
Email: help@flexclass.org
Web: www.flexclass.org

This release was published on openPR.

Permanent link to this press release:

Copy
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 To Dissolve Its Corporate Shell, Adopts Blockchain here

News-ID: 888443 • Views: 779

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

All 5 Releases


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