Tuesday, Sep 26 2023 | Time 17:01 Hrs(IST)
Business Economy

ReelStar raises USD 5+ mn from ITO of ReelToken

Mumbai, Nov 17 (UNI) The ReelStar app, India’s most advanced Web3 integrated social media platform said it has raised over USD 5 mn from the Initial Token Offering (ITO) of its utility token ReelToken (REELT). ReelToken is based on a multi-blockchain platform and architecture. It uses the Polygon (MATIC) and Binance Smart Chain (BSC) extensible to multiple blockchain networks.
ReelStar is an ‘everything app’ with integrated multiple social media, Web3 and payment functionalities. It features in-app tailor-made NFT creation features, Smart Contract customisation and an NFT Marketplace in an easy-to-use Android and/or iOS environment. The app provides creators (at any level) with the needed in-app tools and global access to consumers other without requiring large budgets or technical knowledge. This will democratise and level the playing field for User Generated Content (UGC). Best of all every creator can easily monetise their content!
Former Indian cricketer, Irfan Pathan, was just one of the celebrities that graced the event where Navdeep & Nick the Co-Founders of ReelGroup were excited to reveal the logos of ReelStar, ReelToken & ReelPay. The philosophy behind the logo was revealed; the Reel Mark is formed using an alphabet R enclosed in square with 2 sharp edges and 2 rounded edges. The sharp edges stood for the group’s commitment to transparency & fairness while the rounded corners stood for politeness & adaptability to the future world. These all underpin each company’s user-centric values and approach.
Speaking, at the event, after a successful ITO, Co-Founder, Navdeep Sharma, said, “ReelStar aims to energise and reinvigorate the global media and entertainment industry. Our app will provide a global platform for creators thereby enabling a positive network of communities that inspire connection, collaboration and inclusion. Our UVP lies in our seamlessness and our easy-to-use platform that is accessible to almost everyone to create, collect, trade, and monetise an exciting array of NFTs and User Generated Content.''
More News
Sensex down 78 22  pts

Sensex down 78 22 pts

26 Sep 2023 | 4:47 PM

Mumbai, Sep 26 (UNI) The BSE Sensex on Tuesday dropped 78.22 pts at 65,945.47 as selling was witnessed in IT, Bankex, Technology and Health Care stocks.

see more..
Bandhan Retirement Fund aims to facilitate capital appreciation for retirement goals

Bandhan Retirement Fund aims to facilitate capital appreciation for retirement goals

26 Sep 2023 | 3:22 PM

Kolkata, Sep 26 (UNI) Bandhan Mutual Fund announced the launch of the Bandhan Retirement Fund, with the objective to provide long-term capital appreciation by investing in a mix of equity, debt, and other instruments to help investors meet their retirement goals.

see more..

India’s exports of cut and polished diamonds likely to fall by 22 pc in FY24, says ICRA

26 Sep 2023 | 2:43 PM

New Delhi, Sep 26 (UNI) Rating and Research firm ICRA on Tuesday said that it expects India’s exports of cut and polished diamonds (CPD) to fall by 22% to $17.2 billion in FY24, amid weakened demand from the key consuming nations.

see more..

Govt provides Rs 256 cr relief to MSMEs under Vivad Se Viswas-I scheme

26 Sep 2023 | 2:25 PM

New Delhi, Sep 26 (UNI) The government has accepted more than 10,000 claims from MSMEs under the Vivad se Vishwas-I scheme aimed at providing relief to MSMEs for the Covid period.

see more..

Vishnu Prakash R Punglia receives LOA for order worth Rs 634 41 cr

26 Sep 2023 | 1:39 PM

Mumbai, Sep 26 (UNI) Vishnu Prakash R Punglia Limited (VPRPL) on tuesday ssaid that it has received Letter of Award (LOA) from Office of Madhya Pradesh Jal Nigam, Govt. of Madhya Pradesh
Undertaking (Bhopal)
the LOPA is for the project "Engineering, Procurement, Construction, Testing, Commissioning, Trial Run and Operation & Maintenance for 10 years of Chillar Dam Multi-Village Drinking Water Supply Scheme, District Shajapur in single package on 'Turn-key Job Basis'".

see more..