LinkChain Tech Exchanges 260M LinkToken for RMB 2.6 Billion-worth of Shares of Sevenstar Bay Yacht Club, and Initiates Node Recruitment

July 23, 2019 - 14:02
LinkChain Tech Exchanges 260M LinkToken for RMB 2.6 Billion-worth of Shares of Sevenstar Bay Yacht Club, and Initiates Node Recruitment

HONG KONG,CHINA - Media OutReach - July 23,2019 - LinkChain Tech and Sevenstar Bay Yacht Club Stock Rights TransferConvention and LinkChain Global Partnership Initiative held in HongKong, China.


Li Linwei, CEO of LinkChain Tech, and Li Jian,Executive Director of Sevenstar Bay Yacht Club, signed an equity transferagreement and announced the world's first and biggest deal of the digital assettransferring real asset based on a single LinkToken's value of 10 yuan.LinkChain Tech will acquire 36% of the Sevenstar Bay Yacht Club stock rightswith 260 million LinkToken. With the deal finished, both parties wouldcollectively promote the development of blockchain technology to enable digitaleconomy and create a new form of marine economy in the GBA.


The conference also launched the global noderecruitment plan for LinkChain. LinkChain Tech plans to invest not less than 20million LinkToken as node rewards throughout the year. LinkChain Techhopes to join hands with global partners to build LinkChain, and create anunprecedented ecosystem of the world's first commercial blockchain, Li Linwei puts, andjointly share 100 billion-level shared computing dividends.


In this deal, 36% stock rights of the Sevenstar BayYacht Club will betransferred to LinkChain Tech with 260million LinkToken, which is part of the 293 million LinkTokendestroyed by the former project operator and regenerated by LinkChain Tech when it took over the business operation right,according to industry practices. This transfer, worth 2.6 billion yuan, is alsobelieved to be the world's largest purchase of real asset with digital asset.

About LinkChain Tech

As a leading technological innovator, LinkChain Tech iscommitted to technological breakthroughs in the realm of blockchain, cloudcomputing and digital citizenship and economy. LinkChain is a brand new publicchain created by LinkChain Tech, carrying LinkToken, LinkToken Pocket,LinkToken Mall and other businesses, committed to be the world's top commercialpublic blockchain, providing fast and secure blockchain infrastructure forvarious applications, especially those require privacy.

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