The Digital Fantasy Sports (DFS) venture has introduced that the corporate will probably be accessible on the US Stock Market by the tip of the second quarter of 2021. Such a possibility is feasible by way of acquisition and additional a reverse merger of an present public firm. This transfer is to be sure that Digital Fantasy Sports (DFS) has the total potential and instruments to compete with different fantasy sports activities firms reminiscent of DraftKings Inc., NASDAQ Symbol (DKNG).
The strategic step taken by the DFS workforce will lead the Company to be the primary fantasy sports activities company to mix cryptocurrency and blockchain expertise with sports activities gaming. It additionally pushes the corporate to additional phenomenal growth, because it routinely attracts institutional curiosity mixed with the potential of blockchain expertise.
“This goes to be a historic step for our DFS token holders,” said Jeremy Munter, President and CEO of Digital Fantasy Sports. “Going Public on the Stock Market will carry the long-anticipated true worth to our token DFS and our loyal holders. They will see an array of modifications to our firm that can make us far more than a fantasy sports activities firm. We plan on getting into many areas in the sports activities world that you will notice over time. Partnerships, acquisitions, and takeovers of different firms are simply the beginning of the imaginative and prescient we’ve. Every transfer will probably be including worth to each our token holders and our shareholders. We will quickly announce the corporate we’re taking up that trades on the Stock Market and provides as many inventory dividends to our token holders as it’s allowed.”
Digital Fantasy Sports (DFS) has proven a sustainable growth for the previous three years that has made the corporate change into the primary fantasy sports activities cryptocurrency in the marketplace. Digital Fantasy Sports (DFS) at the moment trades on Cat.Ex and Uniswap, two prime 100 CoinMarketCap’s exchanges, will quickly be accessible on MayaCommerce change. The firm plans to use the US Stock Market to take the DFS venture to the subsequent stage and ensure its present coin holders are nicely taken care of by way of potential inventory dividends of DFS inventory as soon as it goes public.
Currently, the DFS token is backed with $5 price of gold and silver by way of the Maya Preferred (MAYP) token. Once the deal is executed with the present public firm, Digital Fantasy Sports (DFS) will change into the surviving entity, and the public firm’s title will probably be modified to Digital Fantasy Sports on the day of the completion of the merger. Digital Fantasy Sports can even add a number of lots of of tens of millions USD of belongings which embody cryptocurrency belongings of Maya Preferred (MAYP), Fantasy Sports (DFS), Bitcoin (BTC), and Ethereum (ETH).
Adding these belongings is not going to solely be sure that the public firm Digital Fantasy Sports can have a excessive e book worth, but additionally Fantasy Sports (DFS) token will enhance its price tremendously. DFS token can have not solely $5 of gold and silver backing it, but additionally the inventory of its personal public firm.
Once Digital Fantasy Sports goes public, it is going to considerably enhance all the U.Ok. Financial Ltd’s belongings, so your entire ecosystem will develop at a way more fast price. The U.Ok. Financial Ltd. Currently owns 51% Fantasy Sports (DFS) Tokens and would be the public firm’s largest monetary supporter.