Social Life Network Inc. (OTCMKTS:WDLF) and Decentral Life on April 27, 2022, announced launching a fresh SaaS platform for public and private companies aiming to harness blockchain tokenization as a governance tool.
Market Reaction
On Wednesday, WDLF stock slid 2.06% to $0.0019 with more than 24.62 million shares, compared to its average volume of 35.41 million shares. The stock moved within a range of $0.0018 – 0.0021 after opening trade at $0.0019.
Decentral Life Launches New Digital Wallet and Payment Platform
Decentral Life’s CEO, Ken Tapp said that the Digital Wallet and Payment Platform empowers clients with the ability to give shareholders, employees, vendors as well as customers with a digital wallet for fiat and cryptocurrency. Tapp added that it also integrates the payment platform with the current accounting software systems.
He further expressed excitement about selling the first tokenization SaaS package to Xtreme International Realty, a fast-growing Florida-based real estate agency as well as partnering with LikeRE TBI company for strategic partnership.
Decentral Life will commence offering the decentralized SaaS platform to companies outside of the Technology Business Incubator program on May 1st. The launch of the new SaaS platform comes in advance of the firm working on listing on NYSE or NASDAQ as well as the capital raising campaign that accompanies the uplisting.
Decentral Life in August 2021 had announced forming a new division to focus fully on a global decentralized social network and cryptocurrency project, named Decentral Life. Social Life Network is a Technology Business Incubator that provides tech startups with seed technology, legal as well as executive leadership, enabling startup founders to focus on raising capital.
Key Quote
“As part of our new software as a service platform, the Digital Wallet and Payment Platform empowers our clients with the ability to provide employees, shareholders, vendors and customers with their own digital wallet for fiat and cryptocurrency, while integrating the payment platform with existing accounting software systems,” said Decentral Life’s CEO, Ken Tapp. “I’m thrilled to announce we have sold our first tokenization SaaS package to Xtreme International Realty, one of the fastest growing Florida based real estate agencies, and new strategic partner with our LikeRE TBI company.”
Traders Review
WDLF stock is trading below the 20-Day and 50-Day Moving averages of $0.0020 and $0.0022 respectively. However, the stock is trading above the 200-Day moving average of $0.0033.
