SMC Entertainment, Inc. (OTC: SMCE), a company specializing in acquiring and supporting commercialized financial services and technology (Fintech) companies, has finalized the acquisition of ChainTrade Ltd.'s AI-powered trading platform. This platform, developed by the UK-registered Fintech company ChainTrade, allows users to trade equities, ETFs, commodities, and indices with the assistance of a personalized AI-powered trading assistant.
ChainTrade, a joint venture between Plato Data Intelligence and Redmatter.Capital, has designed its platform to revolutionize trading and investing by leveraging AI's predictive capabilities. The advanced technology aims to improve research, risk management, and asset allocation, providing users with personalized and customized investment strategies. The platform utilizes AI to evaluate assets within a portfolio, offering more informed decision-making.
SMC has launched two verticals to integrate the platform: ChainTrade.AI for the USA and ChainTrade.pro for international markets. The company is currently offering a free trial to test the AI Research Advisor software. This launch aims to enable investors to analyze thousands of data points, including live price data, performance, investor sentiment, fair value, and risk factors, simultaneously. These features are designed to provide timely insights, helping investors optimize their portfolio performance.
The development of ChainTrade's platform has been ongoing for the past three years, focusing on building the necessary infrastructure for market deployment. Once fully operational, the platform will facilitate transactions in a highly secure environment. The platform's continuous evolution aims to expand its market reach, particularly in emerging markets.
Erik Blum, CEO of SMC, stated, "We believe the AI-powered platform will have a direct and significant impact on SMC's future revenue growth. We look forward to working with the ChainTrade team to expand our market reach and revenue growth." Bryan Feinberg, Co-Founder of ChainTrade, added, "We are both motivated and excited to deploy our tech, infrastructure, and marketing network via a forward-thinking approach towards user acquisitions and sustainability."
The acquisition terms include the issuance of an $8,000,000 promissory note, an initial payment of $30,000 at closing, and additional payments of $30,000 every forty-five days until the platform becomes cashflow positive. These payments will cover customer acquisition, further product development, and marketing expenses.
