SEATTLE, Aug. 22, 2018 (GLOBE NEWSWIRE) -- DigitalTown (OTC:DGTW), a pioneer in the use of blockchain-based
technology and decentralized applications for Smart Cities that are designed to keep business local, announces important changes
intended to improve and simplify the product offering for the benefit of customers.
Adopting a mobile-first approach, all city websites powered by DigitalTown – including Austin.City,
SanAntonio.City and My.Miami – are replaced by the free DigitalTown App for iOS and Android. DigitalTown participating merchants,
who receive a free storefront, will be able to manage their DigitalTown storefront via the web and mobile Business Tools. In
addition, the two million users of other DigitalTown City Apps, namely London and Amsterdam, are invited to migrate to the main
DigitalTown App as the company consolidates and streamlines its product offering.
CityShares are removed from the DigitalTown portfolio with immediate effect. CityTokens are renamed Community
Points and are gifted for engagement with the in-App Community Tools, which feature local discussions, projects, events, calendar
and fundraising. While bearing no monetary value, the blockchain-based Community Points can be exchanged with participating
DigitalTown merchants at their discretion. In turn, participating merchants can use the Community Points they collect from
customers to support marketing campaigns within the DigitalTown ecosystem.
DigitalTown CEO, Robert Monster, comments: “Having reviewed the DigitalTown ecosystem and after listening to feedback from our growing
customer base, we are consolidating and simplifying our product offering to provide our customers with an improved, streamlined
service. As adoption of the DigitalTown solution gathers momentum in Austin, Texas, market validation shows that our users spend
more time on mobile than on web. The removal of CityShares from the product portfolio clarifies the confusion experienced by some
customers regarding CityShares and CityTokens.”
“CityTokens are renamed Community Points to better reflect the philosophy behind the DigitalTown reward system.
We believe in rewarding people for doing good in their community. Every time someone engages with our Community Tools by starting
or joining a discussion, providing a blog relevant to their local community, initiating a project for the benefit of the community
and even fundraising to support projects, we allocate Community Points directly to the user’s DigitalTown SmartWallet. We do not
assign any value to these points. Community Points may be exchanged with participating DigitalTown merchants, at the discretion of
individual merchants. A participating restaurant might decide to accept Community Points in exchange for an appetizer when a
customer orders a bottle of wine with their meal, for example. The restaurant could then use the points to support a marketing
campaign within the DigitalTown ecosystem to boost its rankings in our local-first search function,” adds Rob.
The migration of the city platforms powered from DigitalTown to the DigitalTown App takes effect August 31,
2018, with all other changes effective immediately.
About DigitalTown
DigitalTown, Inc. (DGTW) powers Smart
Cities to succeed in the Digital Age. It provides turn-key hosted solutions to power "Digital Towns", which improve Quality of Life
for residents and visitors through locally owned solutions for economic development, civic engagement and digital inclusion for
cities around the world. You can download the DigitalTown App from the App Store.
Contact
Rob Monster, Chief Executive Officer
+1-425-295-4564; rob@digitaltown.com
Karen Floyd, Chief Brand Officer
+34 692 336 787 karen@digitaltown.com
Related Links
Disclaimer - Forward Looking Statement
Safe Harbor Language: Any statements contained herein related to future events are forward-looking statements and are made
pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act 1995. Readers are cautioned not to place
undue reliance on forward-looking statements. DigitalTown, Inc. undertakes no obligation to update any such statements to reflect
actual events.
