JS Security begins the process of marketing its own crypto token, “JSTX”

Charlie Taylor

JS Security Technologies Group AB (“JS Security” or “the Company”) announces today that the Company will begin work on the market listing of its own JS Security token (“JSTX”), a so-called “crypto token”. Initially, the work will include dialogue with possible marketplaces and review the legal aspects. Published: March 11, 2022, 10: 30JS Security today begins work on the market listing of its own crypto token JSTX. Initially, the work means that JS Security will engage in dialogue with a number of leading marketplaces for trading in cryptocurrencies, and then continue to work according to the Company’s schedule with the goal of listing JSTX in 2023. The background to this is that the Company sees a major upside in integrating JSTX as an incentive system for node operators, ie people who today free of charge choose to allocate storage space to the Company’s P2P network. This creates great earning opportunities for the Company’s existing and future node operators. As it stands, initially a large part of the total number of JSTXs will remain with JS Security. This will create additional net asset value and a financial reserve for the Company. It is important to emphasize that JS Security does not intend to speculate with JSTX, but the purpose is to be able to offer an incentive model for the Company’s node operators. Below is a timetable for the process of listing JSTX:
Q2-Q4 2022:– Choice of underlying blockchain platform.
– Start building a ” JSTX community ”.
– Distribution of “pre-tokens” for distribution in “communities” and via the media.Q1 2023:
Opportunity to pre-purchase JSTX before listing.
Q2-Q4 2023:
– Connect JSTX with the Company’s own platforms.
– Market listing of JSTX on a decentralized exchange.
– Market listing of JSTX on a marketplace (eg Binance, CoinBase etc.)
– The incentive model is integrated into JS Security’s platforms and earnings for the Company’s node operators are activated.
– Listing of JSTX on a centralized exchange. ” Introducing tokenization to the vision of JS Security is unique and exciting. This once again confirms the extremely deep knowledge that our development team possesses. I truly believe that this will disrupt the storage industry and bring decentralization with our store-to-earn model. I’m looking forward to keep pushing forward and taking the Company’s vision and objectives to the next level on this incredible journey. ” Says Bibek Koirala, Senior Blockchain Developer, JS Security ” At present, node operators allocate their storage space to our P2P network free of charge. In order for us to be able to grow the network at the pace and to the scale we want, a form of incentive system will need to be integrated. We see endless possibilities with integrating crypto tokens as incentive systems to the Company’s various platforms. We thus still maintain good margins on storage, but can still “pay” the node operators in some way, “says Christopher Ramstedt, Chief Operating Officer and IR Manager, JS SecurityFor further information, please contact:
Christopher Ramstedt, Chief Operating Officer & IR Manager
[email protected] The following attachments are available for download:
JS Security begins the process of marketing its own crypto token, “JSTX”
Roadmap – JSTX See full press release and other news from this company on Cision News.
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