Highlights:
- In
- Torian also entered into an agreement with BullionFX to provide advisory services around the development of gold blockchain products for 10,000,000 shares in BullionFX (additional 5% stake at the time of agreement).
- BullionFX are in the process of developing a decentralised, scalable financial ecosystem underpinned by a gold standard. The $BULL token represents a future utility within the BullionFX ecosystem.
- BullionFX hold 398,888,888 BULL tokens, of which 220,000,000 will be distributed to shareholders on a 1:1 basis over the coming 12 months.
- A first tranche of 7% of Torian's BULL entitlement (1,050,000 tokens) will be received by Torian this week.
- On Monday
- BULL has recently traded as high as >90c, recently trading at approximately 85c thereby valuing Torian's stake in BULL at
- BullionFX will be looking to list on a further two cryptocurrency exchanges this calendar year as a part of its overall growth and liquidity strategy.
- BullionFX have entered into an agreement with Block8 (www.block8.com) to architect the future platform for the BullionFX ecosystem. Block8 is
Torian Executive Director
"We are extremely excited in the potential for the BullionFX ecosystem roadmap and
BullionFX has developed a world-class team and
It is for these reasons that we have chosen to invest in BullionFX, as we believe they have the perfect mix of the right business model, solid financial backing and key industry personnel to set the future of gold on a new and exciting path."
BullionFX Founder
"BullionFX have experienced enormous growth over the past year and continues to attract global talent and investment as we intend to build and develop a major presence within the decentralised banking and finance sector.
"We are currently seeing record low interest rates in traditional debt markets coupled with extremely high yields in decentralised markets, and we are excited to announce a range of new developments towards the end of 2021.
'We are proud to have Torian as a shareholder and advisor. Torian are an extremely innovative and forward looking partner to have within a sector lacking significant innovation, we believe Torian will add substantial value to BullionFX as we continue to scope and develop further gold based blockchain products."
About Bullion FX
BullionFX is a decentralised, scalable and autonomous financial ecosystem underpinned by a new gold standard. The Bullion ecosystem will offer users secure infrastructure and full control around the ability to trade, pay, save, yield and participate in de-fi, synthetics and other open-source products with the ability to store underlying wealth in any major currency or $GOLD.
$GOLD has solved the inherent problems competitors have around liquidity, institutional grade audit, physical withdrawal and reputation.
BULL is a token representing the Bullion ecosystem itself, that is purchased and burned from time to time from transaction fees within the ecosystem. The Bullion ecosystem roadmap includes exchange, payment, yield, de-fi, synthetics and open-source applications.
BullionFX is a
Issue of Shares
The Company has today issued 27,711,968 ordinary shares to BullionFX pursuant to the Agreement under Listing Rule 7.1 on or around
Issue of advisor options
As per Torian's
About
Torian's flagship project, Zuleika, is located along the world-class
Torian's other projects include the strategically located Mt Stirling and Malcolm Projects in the Leonora region (near
Contact:
Executive-Director
info@torianresources.com.au
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