SVPER lands investment from LBank and DAEX Blockchain Group

Social networking app, SVPER, has added to its global network of partners in the blockchain industry and gained two new strategic investors ahead of its pre-sale: LBank and DAEX Blockchain Group.

SVPER says that it is in advanced negotiations with many other private sale investors and has received pledges/term sheets for the company’s token sale.

According to those involved, it “improves the security, trustworthiness and transparency within the app and guarantees the “proof of existence” of its users by leveraging the advantages of the ERC-721 (a non-fungible token standard in Ethereum blockchain). SVPER is developing its new digital identity standard that we call “Digital DNA”. The SVPER community will validate each other’s identities by leaving reviews based on the accuracy of personal information to increase security, trustworthiness and transparency between users.”

SVPER is on track to launch its Minimum Viable Product (MVP) in the fourth quarter of 2018 to coincide with the ICO. Users will receive basic functions at no cost and will be offered access to the enhanced user experience in exchange for tokens. The app will subsequently be upgraded to introduce further features as the SVPER community grows.

Filling the gaps

Catherine Zhou, Director at DAEX Blockchain Group, says: “The strategic partnership between DAEX and SVPER will help to fill in the gaps when it comes to DAEX’s underlying identification technologies. In this way, the SVPER team will also assist in improving the layout of the DAEX ecosystem as a whole, laying the foundation for greater co-operation in the future.”

Jean-Baptiste Fort, co-founder and CEO, SVPER, comments: “We are delighted to welcome two new investors who have extensive industry knowledge and expertise. From the time we announced our ICO pre-sale for our disruptive social video-only platform, we have received extensive interest from investors who are excited about the potential of SVPER. The partnerships and investments will strengthen our position and help us execute our launch of the SVPER app and growth strategy for the business.”