Social App SVPER Secures LBank and Crypto Exchange DAEX as Investors

The company plans to launch its Minimum Viable Product (MVP) in the fourth quarter of this year.

SVPER, the social video-only app for forming new real-life relationships, announced today that it has gained two new investors ahead of its pre-sale. The investors are LBank, a specialised digital exchange, and DAEX Blockchain Group (‘DAEX’), a distributed digital asset clearing ecosystem built on a blockchain.

SVPER aims to change the way that people meet online. Leveraging the advantages of ERC-721 (a token standard on the Ethereum blockchain), the app guarantees the ‘proof of existence’ of its users. Through its community, customers will validate the identities of others by leaving reviews. These will be based on the accuracy of personal information, increasing transparency, and security between users.

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SVPER plans to launch its product in Q4 2018

The company plans to launch its Minimum Viable Product (MVP) in the fourth quarter of this year. This launch will coincide with its initial coin offering (ICO). When launched later this year, the free model of the app will give users access to its basic functions in exchange for tokens. As time goes on, more features will be added to the app.

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Commenting on the partnership, Catherine Zhou, Director at DAEX Blockchain Group, said: “The strategic partnership between DAEX and SVPER will help to fill in the gaps when it comes to DAEX’s underlying identification technologies. In this way, the SVPER team will also assist in improving the layout of the DAEX ecosystem as a whole, laying the foundation for greater co-operation in the future.”

Jean-Baptiste Fort, CEO of SVPER
Jean-Baptiste Fort
Source: LinkedIn

The co-founder and CEO of SVPER, Jean-Baptiste Fort, added: “From the time we announced our ICO Pre-sale for our disruptive social video-only platform, we have received extensive interest from investors who are excited about the potential of SVPER.

The partnerships and investments will strengthen our position and help us execute our launch of the SVPER app and growth strategy for the business. We thank all our current investors and partners for their support and look forward to welcoming more in the coming weeks and months ahead.”

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