Intellabridge Technology Corp (KASHF)

[1 day sun 4 all]

Summary: Business of Cryptanite

Business of Cryptanite Blockchain Techologies Corp

1. Provide a general overview and discussion of the development of the Issuer’s business and operations over the previous month. Where the Issuer was inactive disclose this fact.

Cryptanite is a technology company building blockchain solutions for a variety of sectors including financial technology, marketplaces, and virtual reality social networks.

The company is also exploring the application of blockchain technologies to other sectors such as real estate, healthcare and telecommunications.

Cryptanite’s core technology is the Cryptanite mobile app which is a peer-to-peer marketplace with innovative UX making it easy for users to purchase and trade diversified bundles of crypto okens as well as access cryptocurrency news and charts.

The Cryptanite App includes a variety of pre-configured baskets such as the “HODL” bundle, and “SIZE” bundle, as well as the option to create customized bundles.

The App is designed to provide a secure, easy-to-use and frictionless process to buy, trade, and store a diversified collection of several dozen crypto tokens, including Bitcoin, Ethereum, Ripple, Stellar and Dash.

The app is available in the Apple and Google Play stores.

The Cryptanite ecosystem has a growing portfolio of innovative features on its mobile platform and continues to develop innovative solutions on the front range of blockchain technologies.

At present, the Application is available for the users in its Beta-version, as the core development and improvement of the product and its functionalities still continues.

The ChargaCard platform is a payment processing platform for the informal credit markets.

2. Provide a general overview and discussion of the activities of management.

a) Management of the Issuer continues to build strategic partnerships in the blockchain sector with a focus to grow its revenue generating blockchain consulting business which is designed to provide clients with the business analytics, project management and technology solutions to build blockchain technology products and platforms for clients.

b) Merger and Acquisition Negotiations (M&A Negotiations). Management of the Issuer continues the negotiations and relationships with the European group of companies (located in Poland, Malta, United Kingdom) to discuss the possibility of common development of the business, the compatibility of some products in order to achieve a synergy of the products on the market and to estimate some possible Merger and
Acquisition projections and values.

3. Describe and provide details of any new products or services developed or offered. For resource companies, provide details of new drilling, exploration or production programs and acquisitions of any new properties and attach any mineral or oil and gas or other reports required under Ontario securities law.

The Issuer has been developing its peer-to-peer cryptocurrency exchange and cryptocurrency bundles, as well as developing a marketplace for cryptocurrency and blockchain apps which was launched in beta version in January 2019.

Additional features which are currently in R&D phase include:

a) Chat: an instant messaging “chat” feature within the app allowing users to communicate on the platform and to share ideas, further enhancing the Cryptanite ecosystem.

b) User Rankings (based on the CryptaKings performance model): which rank the performance of users of the platform to help identify experts and build an expert and influencer network. The system currently tracks Twitter influencers.

c) DollaCoin: is a stable coin which will be linked to the US Dollar and will allow users to store tokens in their decentralized DollaBank account. The target market is primarily mobile
underbanked people globally. The coin is currently in development and scheduled for alpha release in 2019.

d) Cryptanite Payments (CryptaPay): Cryptanite has developed a payments app that makes it easy for users to spend their cryptocurrencies online and at retail locations. The app is currently in beta. Cryptanite is exploring integration of the core features into the Cryptanite app.

e) Cryptanite Mining: the Company is also exploring mobile cloud mining facilities as an additional feature within the Cryptanite ecosystem.

f) Codius Cloud: the Company launched Codius cloud in Q2 2018 offering cloud hosting solutions for decentralized applications. The Codius hosting platform makes it easy to build, deploy and run decentralized applications. The solution is currently undergoing market feasibility.

g) BitDrop: ChargaCard, Inc. (a wholly owned subsidiary of the Issuer in the US) has commenced the development of a new product called “BitDrop” in May 2019. BitDrop is an augmented reality advertising platform. The alpha launch of the product is planned for June 2019. The private beta version went live in July 2019. The management also considers the possibility to review the factual ownership of the Product and register it for Intellabridge LLC, the Ukrainian fully owned subsidiary of ChargaCard, Inc.

5. Describe any new business relationships entered into between the Issuer, the Issuer’s affiliates or third parties including contracts to supply products or services, joint venture agreements and licensing agreements etc. State whether the relationship is with a Related Person
of the Issuer and provide details of the relationship.

a) The Issuer has entered the Memorandum of Understanding with One Feather Mobile Technologies Ltd which outlines the main principles and agreements regarding the completion of the previous Phase I and the Phase II of the Parties’ cooperation (Statement of Work 2).

Among the agreements: the mutual satisfaction concerning the completion of the Phase I, conversion of the Phase I final and due settlement into a convertible debt, a down payment of $50,000 USD by One Feather for the phase II development, launch of the next 12 month Phase II.

b) Intellabridge LLC (an Ukrainian fully owned subsidiary of ChargaCard, Inc., which is a fully owned subsidiary of the Issuer) has entered the new offices lease agreement (Ukraine) with UNIT.City, which is Ukraine’s first innovation park, an all-inclusive ecosystem, concentrating a lot of IT-companies, startups, students, professionals and research laboratories, which creates conditions for businesses within the park to grow faster in cooperation than outside.

6. Describe the expiry or termination of any contracts or agreements between the Issuer, the Issuer’s affiliates or third parties or cancellation of any financing arrangements that have been previously announced.

a) Intellabridge LLC (an Ukrainian fully owned subsidiary of ChargaCard, Inc., which is a fully owned subsidiary of the Issuer) terminated the previous offices agreement (Ukraine) with “SMT Group” LLC, due to the relocation to the new offices in the aforementioned UNIT.City community.

9. Describe any new developments or effects on intangible products such as brand names, circulation lists, copyrights, franchises, licenses, patents, software, subscription lists and trade-marks.

The management of the Issuer is looking to adopt a new name for the Issuer and plans to proceed with the name “Bit Corporation”.

According to the Settlement Agreement with the Opposer (DC Comics), the Issuer will refuse from the mark “CRYPTANITE” and won’t use it in the names of the Issuer’s entities, products and internet domains.
Whole the group of the Issuer’s subsidiaries and entities has commenced the preparations for the rebranding. The official website of the Issuer (previously cryptanite.com) now redirects any visitor to the new website https://bitcorporation.co/.


https://webfiles.thecse.com/NITE_CSE_Form_7_-_Monthly_Progress_Report_July_2019.pdf?reig2TjQFlDcp_IKsKT9xhJa_Yec6HaA