February 24, 2017
EDC Sells Over $500K of Equibits

TORONTO, Ontario — Equibit Development Corporation, creator of the Equibit blockchain and blockchain applications for the global securities industry, is pleased to announce the sale of more than $500,000 of equibits since the Feb. 1 launch of the coin offering.

"We continue to see steady interest in equibits, with many repeat buyers,” said Chris Horlacher, EDC’s chief executive officer. “The results have been very encouraging and we've received many positive emails about EDC and our products."

EDC has sold a total of 201,075 equibits. The company has offered to sell one million equibits, which is a new digital asset, out of a total of 22 million equibits potentially available. The sale runs to March 31 and is being held on a special sale page at EDC’s website.

Purchased equibits will be delivered to user accounts at EDC’s web-wallet service. EDC will retain any unsold equibits, as according to the sale’s terms and conditions.

The offering started with an initial batch of 100,000 equibits priced at $2 per coin. The crowdsale will adhere to a predetermined schedule, with the price for equibits to increase with each subsequent batch.

All equibits sold in the coin offering will be created in the EDC platform’s genesis block, constituting the inception of the system’s operation.

Proceeds from the crowdsale will be used to expand EDC’s team of developers, accelerate product development, support and expand the network of equibit supporters, install enterprise infrastructure such as supernodes, and market Equibit blockchain applications.

For information on participation in the sale, please see the EDC website at equibit.org.

About Equibit Development Corporation

Equibit is the world's first peer-to-peer equity marketplace and a complete platform for issuers to manage their investor relations without need of depositories and transfer agents. Founded by a former securities industry chief financial officer and a team of blockchain development experts, EDC was established with the aim of revolutionizing the securities industry.

Media Contact

Nathan Wosnack
Chief Operations Officer
Tel: (647) 909-4168

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