FVRD news Favored, Inc. (OTC: FVRD) Announces Additional Revenue Model for BitTrader Pro PR Newswire "Press Releases US - English"
MIAMI BEACH, Fla. , Jan. 29, 2018 /PRNewswire/ -- Favored, Inc. (OTC Pink: FVRD) announced today that the company is pursuing an additional revenue model for BitTrader Pro, its proprietary Crypto Currency Trading Platform. The Company will be pursuing an additional revenue model for BitTrader Pro by offering it on an SaaS (Software as a Service), also commonly referred to as a "white label" software solution.
Craig Coaches, CEO of Favored, Inc. , stated, "I recently attended the North American BitCoin Conference in Miami which was held January 18-19 th. This event was eye opening to say the least. Having attended with hundreds of other BlockChain enthusiasts, investors, vendors, and innovative new companies in the space, I can say without a doubt that there is an extreme demand for an exchange such as BitTrader Pro."
"We found that institutions as well as independent operators want to operate these exchanges to monetize this space, yet they don't have the expertise or desire to build the robust infrastructure required to develop an exchange. The demand we witnessed presents an opportunity for Favored, Inc. to earn recurring revenue by offering our exchange platform as a white label turnkey solution to third party operators. They will then market the underlying technology as their own exchange and Favored will earn a portion of all revenue from the exchanges operated by white label exchange clients."
Favored, Inc. , through its wholly owned subsidiary Empire Mobile Studios, Inc. , is now in the final stages of development of the company's Digital Currency trading platform BitTrader Pro. The exchange platform is now fully functional as it relates to the ability to execute trades, deposit and withdraw digital currencies, and provide liquidity through third party order books.
The company is in the final stages to integrate a third party KYC (Know Your Customer) Protocol in order to ensure the exchange has a robust compliance system in place.
Craig Coaches, CEO of Favored, Inc. , stated, "We believe there must be a strong emphasis on security and compliance as the Crypto space matures and potentially becomes more regulated. We are proactively working with FVRD's corporate counsel to stay ahead of the curve and ensure the company and the exchange are fully transparent on these issues."
About Favored, Inc.
Favored, Inc. is a publicly traded (OTC PINK:FVRD) diversified holding company, which seeks opportunities to acquire, develop, and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders. Favored seeks to develop a diverse array of operating subsidiaries.
Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
Website: http://www.favoredinc.com/
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SOURCE Favored, Inc.
MIAMI BEACH, Fla. , Jan. 29, 2018 /PRNewswire/ -- Favored, Inc. (OTC Pink: FVRD) announced today that the company is pursuing an additional revenue model for BitTrader Pro, its proprietary Crypto Currency Trading Platform. The Company will be pursuing an additional revenue model for BitTrader Pro by offering it on an SaaS (Software as a Service), also commonly referred to as a "white label" software solution.
Craig Coaches, CEO of Favored, Inc. , stated, "I recently attended the North American BitCoin Conference in Miami which was held January 18-19 th. This event was eye opening to say the least. Having attended with hundreds of other BlockChain enthusiasts, investors, vendors, and innovative new companies in the space, I can say without a doubt that there is an extreme demand for an exchange such as BitTrader Pro."
"We found that institutions as well as independent operators want to operate these exchanges to monetize this space, yet they don't have the expertise or desire to build the robust infrastructure required to develop an exchange. The demand we witnessed presents an opportunity for Favored, Inc. to earn recurring revenue by offering our exchange platform as a white label turnkey solution to third party operators. They will then market the underlying technology as their own exchange and Favored will earn a portion of all revenue from the exchanges operated by white label exchange clients."
Favored, Inc. , through its wholly owned subsidiary Empire Mobile Studios, Inc. , is now in the final stages of development of the company's Digital Currency trading platform BitTrader Pro. The exchange platform is now fully functional as it relates to the ability to execute trades, deposit and withdraw digital currencies, and provide liquidity through third party order books.
The company is in the final stages to integrate a third party KYC (Know Your Customer) Protocol in order to ensure the exchange has a robust compliance system in place.
Craig Coaches, CEO of Favored, Inc. , stated, "We believe there must be a strong emphasis on security and compliance as the Crypto space matures and potentially becomes more regulated. We are proactively working with FVRD's corporate counsel to stay ahead of the curve and ensure the company and the exchange are fully transparent on these issues."
About Favored, Inc.
Favored, Inc. is a publicly traded (OTC PINK:FVRD) diversified holding company, which seeks opportunities to acquire, develop, and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders. Favored seeks to develop a diverse array of operating subsidiaries.
Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
Website: http://www.favoredinc.com/
View original content:http://www.prnewswire.com/news-releases/favored-inc-otc-fvrd-announces-additional-revenue-model-for-bittrader-pro-300589507.html
SOURCE Favored, Inc.
