Mon, May 25, 2020
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

STRYKZ Token to be issued through Gibraltar Blockchain Exchange

Thursday, May 24, 2018
Opalesque Industry Update - Stryking Entertainment GmbH is pleased to announce that they will host their upcoming STRYKZ Token Sale Event in collaboration with the Gibraltar Blockchain Exchange (GBX). Stryking will be among the first companies to issue a token through the GBX GRID, with the token being listed on the GBX Exchange after the end of the public sale. The public Token Sale Event is intended to start on 15. June 2018 alongside the FIFA World Cup, and aims to raise a maximum of 20 m USD.

Stryking is the developer and operator of the Fantasy Sports platform Football-Stars. With the introduction of STRYKZ, Stryking aims to tokenize their platform to create a more user-centric gaming experience. Besides an official Bundesliga license and partnerships with the German football magazine kicker and, Stryking recently presented football legend Luís Figo as the first official brand ambassador for Football-Stars. After having completed the rigorous application, with TGV as a Sponsor Firm, this collaboration marks the next milestone in Stryking's token sale journey.

The Gibraltar Blockchain Exchange is a subsidiary of the Gibraltar Stock Exchange (GSX), a EUregulated stock exchange. Earlier this year, the GBX attracted a lot of attention with their own token sale, raising over $21 million in their pre-sale and selling out within 9 seconds during their general public sale. The GBX is striving to build a world-leading institutional-grade token sale platform operated by a licensed stock exchange, where companies, traders and investors can participate. With a set of rules for launching a token sale, the GBX is creating a new industry standard for the conduct of issuers and their continuing obligations to the holders of their tokens, thus cementing the responsibility of token issuers to fulfill the commitments they make in their white papers.

Dirk Weyel, Founder and CEO of Stryking, said: "We are glad to join the Gibraltar Blockchain Exchange platform to host our upcoming STRYKZ Token Sale Event. It is a great opportunity for us to use the existing network and best practices of the GBX's institutional-grade platform. We firmly believe that certain due-diligence and background checks are beneficial for the crypto community, as they act as an additional security to increase the trust of potential token buyers."

"At GBX we're building a listing environment based on best-practices and industry-standards inherited from the GSX. We want to give token buyers the peace of mind that all projects they see on our exchange have gone through our vetting by an appointed Sponsor Firm and our rigorous application process. It's a great pleasure to have Stryking on the GBX GRID and we can't wait to see how their award-winning project develops", said Nick Cowan, CEO of GBX.

Dusan Stojanovic, director of True Global Ventures added: "We are proud to be part of Stryking's success story and of the work put in by the Stryking-team and all our partners to make this listing a reality. The GBX is an important strategic partner to TGV and Stryking is one of our most promising investments. This success has obviously not happened out of circumstances but is proof of how the decentralised structure of TGV works, something we will continue to foster in our upcoming tokenised fund. We are looking forward to the upcoming launch of the Stryking ICO and to continue our cooperation with the GBX."

Stryking's recent success streak also includes winning two pitch competitions for token generating events within five days. After landing first place at Bloxpo ( in Stockholm, Sweden, Stryking also won the competition at d10e in Malta, the leading conference on decentralization ( The competition at d10 e was held in front of a high-profile jury and as a shared winner, Stryking has been rewarded with a 25,000 USD cheque.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Tiger Global tops the list US-based venture capital market[more]

    Laxman Pai, Opalesque Asia: Tiger Global Management holds on to its position as market-leader in US-based venture capital, said a study. According to Preqin, the closure of tech-focused Tiger Global Private Investment Partners XII in January means the New York-based firm has raised more than

  2. Investing: Hedge funds headed to quarantine stocks in first quarter turmoil, Greenlight's David Einhorn added a bunch of new stocks to his fund, U.S. funds rush to tech companies and battered energy stocks in first-quarter, Millennium among hedge funds to bet on virus vaccine hunters, David Tepper reveals a stake in Twitter. Here's what else the market mover is betting on, The stay-at-home and software stocks that Chase Coleman's Tiger Global is betting on now, Hedge funds pile into tiny biotech that's already soared 460%[more]

    Hedge funds headed to quarantine stocks in first quarter turmoil From Bloomberg: As the world began to go into lockdown, the biggest money managers loaded up on quarantine stocks. Netflix Inc., Peloton Interactive Inc., Inc. and Zoom Video Communications Inc. were some of

  3. Tech: Cybersecurity lapses tick up among investment advisers, Will we see another dot-com crash in tech?[more]

    Cybersecurity lapses tick up among investment advisers From More than a quarter of state-registered investment advisers had deficiencies relating to cybersecurity, state examiners found. In 41 U.S. jurisdictions from January to June 2019, state examiners found cyberse

  4. PE/VC: Big VCs stacked billions in Q1 while smaller firms saw their haul shrink, COVID-19's potential impact on venture capital investment terms, Ten predictions for how COVID-19 will transform private equity[more]

    Big VCs stacked billions in Q1 while smaller firms saw their haul shrink From Tech Crunch: After spending perhaps more time than we should have recently trying to figure out what's going on with the public markets, let's return to the private markets this morning, focusing in on venture

  5. Tech: Fintech startup Brex closes $150m in pure venture funding amid recession[more]

    From Business Insider: Brex, the 3-year-old fintech unicorn, raised an additional $150 million in equity funding from existing investors and Lone Pine Capital, the company announced Tuesday. The cash infusion raised the startup's valuation to "around the $3 billion mark," cofounder and co-CEO Henriq