Codebase Ventures (CSE:CODE) (FSE:C5B) (OTCQB:BKLLF) announces that it has finalized an arms-length equity investment in Trad3r.
Codebase Ventures Inc. (“Codebase” or the “Company”) (CSE:CODE) (FSE:C5B) (OTCQB:BKLLF), an investment company, announces that it has finalized an arms-length equity investment in Trad3r, a UK-based virtual immersive social platform app that allows users to trade a wide range of options – from celebrities and sports teams to Instagram stories and stocks – with real money, in exchange for rewards at the world’s best companies.
Codebase has invested CAD $105,000 in Trad3r parent company, Aerosax Research and Technology Ltd., of the UK. Codebase is excited to support the expansion plans for Trad3r, building upon its proven model, growing it’s following, participation and reach into new markets internationally.
The app, first launched in 2017, has already reached 4.3 million users and has a target of 10 million by 2021. The company is readying for a UK tour in March, hitting cities including Edinburgh, Manchester, Leicester and Bristol prior to launching its international expansion strategy into over 30 countries.
Trad3r Highlights – Celebrities, Sports, Stocks, Friends
- 4.3 M total active users
- 440,000 highest daily active users
- 103,000 daily purchases
- 1 billion monthly interactions
“The Trad3r app has a proven track record, attracting users and investment in the UK,” said Codebase President and CEO, Mr. George Tsafalas. “This is a rapid growth sector and the unique proposition, combining stocks with celebrities, fantasy sports and one’s own social network is working to show that Millennials and Gen Z’s are seeking new methods of engagement, and we believe our shareholders will benefit greatly through this early stage investment in an innovator like Trad3r.”
About Codebase Ventures Inc.
Codebase Ventures Inc. is an investment company, led by technology and business experts who invest early in great ideas in sectors that have significant upside, including the cannabis sector. We operate from the understanding that technology is always evolving, bringing early opportunities for strategic investments that can deliver the exponential returns to our shareholders. We seek out and empower the innovators who are building tomorrow’s standards with platforms, protocols and innovations – not just products. We invest early, support those founders, take their ideas to market and work tirelessly to help them realize their vision.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
George Tsafalas or Ivy Lu
Telephone: 1 (778) 806-5150
Forward Looking Statements
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