Social Reality Inc (NASDAQ:SRAX) plans to distribute a one-time cryptocurrency payout to all of its shareholders as part of the firm’s planned Initial Coin Offering. The company has been advancing an advanced blockchain identification graph technology termed BIG Platform. When fully advanced, the BIG Platform is projected to be a customer-first data management and distribution setup that will issue users a limited count of BIGtokens for disclosing their personal data to media, data buyers and developers.
The dividend will be distributed in the form of a BIGtoken, which the firm plans to connect to its BIG Platform and enroll with the SEC. The precise record date and any terms related to getting the dividend, or if a payout will ultimately be distributed at all, will be decided at such time as the firm is set to release its BIG Platform.
Christopher Miglino, the Chairman and CEO of Social Reality, expressed that they are thrilled about the long-term prospect of the BIG Platform, and the related BIGtoken, and want all of their shareholders to have the gain of participating as BIGtoken cryptocurrency holders. While most shareholders have heard of cryptocurrencies like Bitcoin, several are not yet owners. BIGtoken could be the initial digital currency that shareholders own, and they plan to offer informative materials to assist them comprehend the process.
BIG Platform is in the preliminary stages of development. When concluded, it is expected that BIG Platform will be a client-first data management and distribution mechanism that offers authentication, compensation and transparency. Customers will be paid with BIGtoken for revealing their personal data to media, data buyers and developers. BIGtoken marks as a secured digital token that Social Reality plan linking to its BIG Platform. As presently in development, media firms, developers, advertising platforms, and other firms can efficiently integrate into and build on top of the BIG Platform.