Algebraix Data, The Company Enabling Consumers to Own and Monetize Their Own Data, Announces SAFT for ALX Tokens, a New Cryptocurrency

Company Making 10 Billion Tokens Available to Accredited Investors Months Ahead of Public Offering

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Algebraix Data, developer of a new generation of software built with Data Algebra®, is announcing the issuance of a new cryptocurrency to accredited investors in a token pre-sale, or Simple Agreement for Future Tokens (SAFT).

The SAFT involves the issuance of 10 billion ALX Tokens to investors, and comes in advance of a public offering of the tokens to take place in several months. The token pre-sale follows the SAFT process established by FileCoin and Algebraix Data’s law firm Cooley LLP.

Algebraix Data is developing a distributed, permission-based advertising network where individuals own their own data and have the ability to monetize it via the ALX Token. The ALX Token is the oil that fuels the network.

“Today, it’s just the Internet giants who profit from individuals’ personal data,” said Robin Bloor, the company’s Senior Vice President of Strategy and Communications. “Our permission-based advertising market will begin an Internet revolution. It will change the way people perceive data, and who owns it and how it should be used. The motto printed on our ALX Tokens is ‘Ego Meum Indicium Habere,’ which is Latin for ‘I own my data.’”

The 10 billion ALX Tokens issued in the SAFT will represent 10 percent of the total number of tokens Algebraix Data will issue. While some of the tokens are earmarked for developers, marketers and others, the company will hold a public offering of the tokens once transactions are enabled on its network.

Algebraix Data builds software that applies data algebra(TM) to complex software engineering problems. Data Algebra® makes unique algorithmic contributions to improve resource efficiency and enhance scalability. The company will launch a new cryptocurrency to build a secure, Blockchain-based data market that will allow individuals to store, manage and monetize their own data for the first time.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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