DATI Announces truCrowd’s Successful Kickstart of the BEAN Crowdfunding Campaign; Less than 72 Hours to Meet Minimum, Now 410% Funded

Bronx, New York, UNITED STATES


NEW YORK, Aug. 16, 2018 (GLOBE NEWSWIRE) --  Digital Arts Media Network, Inc. – n/k/a Digital Asset Monetary Network, Inc. – pending FINRA approval (OTCMKTS: DATI), a specialized tech accelerator leveraging the Public Accelerator-Incubator (PAI) model, today announced another successful kickstarter of an issuer’s offering on the equity crowdfunding portal, truCrowd.com (owned and operated by TruCrowd, Inc.).  Like DATI’s own client and portfolio company, WorkDone (an AI machine learning startup), BEAN (an economic social network) hit its initial minimum funding target in less than 72 hours. The Building Economic Advancement Networks Corporation (BEAN) is now 410% funded; accepting oversubscriptions from investors.

“We believe taking an equity stake in truCrowd, which is one of the Top 10 ranked equity crowdfunding portals in the market today, was indeed the right decision for DATI’s shareholders,” said DATI CEO, Ajene Watson.  “I am confident that truCrowd will prove to be an important component of our Public Accelerator-Incubator platform as we continue to develop our growth ecosystem for startups, angel investors and everyday people.”

Read More On VentureBeat recognizing truCrowd as a Top 10 Reg. CF crowdfunding platform in its June 2018 report of “Today’s Best Crowdfunding Platforms – By The Numbers”. 

Through truCrowd, startups and development-stage companies can offer flexible and unique investment opportunities to both angel and early-stage investors, as well as those everyday people looking for an opportunity to own equity in what may be the next high growth tech company.  truCrowd’s portal allows all investors, regardless of socio-economic background, to receive equity and revenue from the companies they invest in on the crowdfunding portal. 

Like WorkDone, BEAN is also offering investors the “SAFE + REV” investment program (Simple Agreement for Future Equity PLUS Revenue Participation). However, as a pure utility and function of its business, the Building Economic Advancement Networks Corporation will extend a bonus to early investors in the form of BEAN tokens.

To Invest in BEAN [DATI.be/b]  To Invest in WORKDONE [DATI.be/w]

Watson concluded, “The next important task for us is to see each issuer on truCrowd run a complete marathon.  This means, each company raising $1.07M per campaign.  Right now, what we’re seeing are sprints: Crowdfunding campaigns fast off the block.  Issuers are reaching and surpassing minimum funding targets in just days of a launch, then waning shortly thereafter.”

“We’ll likely see DATI commit to an increased marketing budget for truCrowd and its issuers very soon.  The success of issuers like WorkDone and BEAN, ultimately becomes DATI’s own success. This is because we estimate that every dollar raised by an issuer, equates to nearly $2 of increased market value for truCrowd; the platform DATI’s shareholders have an equity stake in.  Our team will not rest until DATI helps truCrowd achieve a $100M valuation.”

About Digital Asset Monetary Network, Inc., f/k/a Digital Arts Media Network (pending FINRA approval)
Digital Asset Monetary Network, Inc.  (OTCMKTS: DATI) is the first company to utilize the Public Accelerator-Incubator (PAI) model, with the intent to follow the global success of accelerators and incubators around the world, adding niche opportunities to both the microcap and startup communities. As a PAI, Digital Asset Monetary Network will develop and acquire innovations that solve problems through digital platforms and other electronic applications.

The corporate name change continues to pend FINRA approval.  Launch of a new website and other online assets will commence upon completion of the corporate name change.

Twitter: https://twitter.com/OTC_DATI
Facebook: https://www.facebook.com/DigitalAssetMonetaryNetwork/

About truCrowd, Inc. (owner and operator of truCrowd.com)
Located in the heart of the financial district of downtown Chicago, truCrowd is a FINRA member equity crowdfunding portal operating under Regulation Crowdfunding (Title III of JOBS ACT); connecting startups and emerging businesses with non-accredited and accredited investors. Built on the belief that not all businesses and investors are alike, we pride ourselves on delivering a personalized and professional funding experience through industry-leading technology.

Website: https://us.trucrowd.com/

About BEAN
Building Economic Advancement Network Corporation (BEAN) is a social network that is centered around economic advancement for urban communities. The platform allows users to easily connect with businesses and professionals from all over the world that are committed to making a positive economic impact in urban communities.  BEAN’s intuitive app leverages the latest breakthroughs in blockchain technology, enabling users to monitor their daily economic impact, while earning BEAN coins for their transactions

Website: https://www.iambean.us/

Forward Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements.  In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking.

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