As part of our ongoing drive to increase usage, the BETR foundation will today issue 200M tokens, bringing the total on issue to 500M. The majority of these tokens will be held in reserve for future growth as we add further entertainment to the suite of applications.
A portion of the issue is to fulfil funding commitments already agreed, these tokens being subject to an escrow agreement. A further tranche has been committed to enhanced marketing activities to take place over the next 6 months.
We will also be seeking listing on strategic exchanges where we expect the bulk of the usage to originate under new deals that are being worked on in Asia. Most exchange deals require some commitment in tokens or ETH/BTC to provide initial liquidity and for promotions.