Dallas.city puts Dallas on the Blockchain

Initiative to power Digital Economy in the heart of Smart Texas

DALLAS, Feb. 08, 2018 (GLOBE NEWSWIRE) -- DigitalTown, Inc. (OTC:DGTW), the leading provider of People-centric Solutions for Smart Cities, is pleased to announce the launch of Dallas.city. The groundbreaking platform cooperative where residents and visitors improve quality of life in Dallas as they search, connect, share and shop locally, transacting directly with local merchants.

With the launch of Dallas.city, residents of the Dallas-Fort Worth metroplex have their very own personal alternative to Google, Expedia, AirBnB, OpenTable, PayPal and Bitcoin, all in one, accessible 24/7 via the Dallas.city web portal and mobile application. Best of all, Dallas.city can be owned by residents through the distribution and sale of CityShares, a Blockchain-based solution for managing shared ownership of city cooperatives.

Starting today, residents can claim their free CityShares ownership stakes of the Dallas.city platform. The free CityShare claim is scheduled to end on February 28, 2018. The free CityShares are limited to 10 CityShares for each legal resident of the Dallas-Fort Worth and surrounding metropolitan statistical area, last reported at over 7,100,000 as of July 1, 2016. Unclaimed CityShares will be available for purchase after the free period until they are all distributed or sold. It is critically important to get them quick as only a finite number of CityShares will ever be available.

Dallas merchants can sign up for a free storefront. There are no setup fees, no service fees, and no requirement for a conventional bank account or merchant account. Merchants simply pay a low commission on actual sales, thereby making it easy for merchants of all sizes to be accessible via web and mobile. Verified merchants have the option of redeeming sale proceeds to major cryptocurrencies such as Bitcoin.

Rob Monster, CEO of DigitalTown commented on the announcement, explaining, “AirBnB and Uber have shown the world the power of the Sharing Economy to tap the productive capacity of individual citizens in a community. Blockchain, and in particular Bitcoin, has shown the world the power of distributed ledgers as an efficient medium of exchange. With Dallas.city we are making it easier than ever for residents and visitors to search local, shop local and think local.”

Leading the launch of Dallas.city is Kurt Kelley a seasoned technologist, Blockchain enthusiast and long-time Dallas resident who also serves as a board member with Smart Texas Alliance. “Blockchain proof-of-concept networks are being imagined globally for every industry imaginable. However, few, if any, have the ‘local first’ focus that DigitalTown has developed. I envision the Dallas.city platform as a key to exponentially increase the quality of life throughout the Dallas-Fort Worth Metroplex,” said Kelley, the new General Manager of Dallas.city.

To claim a CityShare in Dallas.city, residents of the Dallas-Fort Worth metropolitan area should visit http://Dallas.city, click on “CityShares” at the top and complete the free claim. To find out more about DigitalTown, visit DigitalTown.com or download the DigitalTown Smart City App on iOS or Android.

About DigitalTown
Dallas.city is a service of DigitalTown.  DigitalTown, Inc. (OTC PINK:DGTW) empowers Smart Cities to succeed in the Digital Age. The company 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. For more information about the company, please visit www.digitaltown.com.

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.

Media Contacts:

Rob Monster, CEO                 
(425) 295-4564; rob@digitaltown.com

Kurt Kelley, Dallas.city – General Manager
(214) 425-1062; kurt@dallas.city