- Graph Blockchain (GBLC) has completed its acquisition of Optimum Coin Analyser Inc.
- The purchase price of $5,000,000 was satisfied through the issuance of 71,428,571 units of Graph at a deemed price of $0.07 per unit
- Adding Optimum will allow Graph to leverage big data infrastructure to produce in-depth industry analytics and reveal real-time comprehensive insights
- The monthly subscription payments will provide Graph with a continuous, dependable income stream
- Graph Blockchain provides high-performance blockchain solutions like data analysis, consulting services and data implementation
- Graph Blockchain Inc. (GBLC) opened trading at C$0.085 per share
Graph Blockchain (GBLC) has completed its acquisition of Optimum Coin Analyser Inc.
Optimum is a cloud-based discovery search engine subscription model which creates a recurring revenue platform for Graph.
Pursuant to the share exchange agreement between Graph, Optimum, and the shareholders of Optimum, the purchase price of $5,000,000 was satisfied through the issuance of 71,428,571 units of Graph at a deemed price of $0.07 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant allows the holder to acquire an additional share of Graph for $0.09 per share during the 24-month period following closing.
“Our stated objective with Optimum is add data analysis for Graph to collect, cleanse and analyze unstructured data that can help manage our altcoin portfolio to make better decisions by pinpointing specific trends, risks and opportunities. We are excited to be acquiring Optimum to add this component to our business,” said Chief Executive Officer, Paul Haber.
Optimum continuously retrieves and analyzes big data using a powerful AI analytics engine designed for social media to track influencers, monitor, and provide sentiment, relevance, and predictive analysis. Related hashtags are linked, and conversation participants are clustered together. Leveraging proprietary big data infrastructure to produce in-depth industry analytics and reveal real-time comprehensive insights.
The monthly subscription payments will provide a continuous, dependable income stream that is pledged over a time period of 12 to 24 months. This new Annual Recurring Revenue based on the subscription revenue will be a substantial part of the total yearly revenue growth cycle, with a global target of +100 per cent with Optimum.
Graph Blockchain provides shareholders with exposure to various areas of Decentralized Finance. Graph gives investors exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains altcoins represent.
Graph Blockchain Inc. (GBLC) opened trading at C$0.085 per share.
