Social Reality (SRAX) to Pay Cryptocurrency Dividend to Shareholders

November 28, 2017 7:55 AM EST

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Social Reality, Inc. (Nasdaq: SRAX) intends to pay a one-time cryptocurrency dividend to all of its shareholders as part of the company's planned Initial Coin Offering (ICO).

SRAX has been developing a cutting edge blockchain identification graph technology named BIG Platform. When fully developed, the BIG Platform is anticipated to be a consumer-first data management and distribution system that will issue users a limited number of BIGtokens for sharing their personal data with developers, media, and data buyers.

The dividend will be paid in the form of a BIGtoken, a secured digital token which the company intends to link to its BIG Platform and register with the SEC. The exact record date and any conditions related to receiving the dividend, or if a dividend will ultimately be paid at all, will be determined at such time as the company is ready to launch its BIG Platform.

"We are excited about the long-term potential of the BIG Platform, and the corresponding BIGtoken, and want all of our shareholders to have the benefit of participating as BIGtoken cryptocurrency owners," stated SRAX's CEO and Chairman Christopher Miglino. "While most investors have heard of cryptocurrencies such as Bitcoin, many are not yet owners. BIGtoken, in many cases, could be the first digital currency that investors own, and we intend to provide informative materials to help them understand the process."

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