SovTech technology firm TODAQ, the creators of the cryptographic digital asset 
TDN, have reached an agreement with Gratomic Inc for the purchase of US$25m of 
graphite. This is the first deal of its kind, with the graphite to sit in the 
TDN reserve backstop to further underpin the true value of deployed TDN; a key 
strategy behind the evolution of the TDN rewards program, as well as allowing 
cryptographic ownership of commodities as it is processed and traded.

Following the recent announcement of TDN's pending commercial loyalty program 
rollouts and BitForex listing, this first commodity buy with TDN represents a 
landmark achievement for the group behind it. TODAQ have set out to build a 
digital asset of true value and interoperability so that all businesses, people 
and markets can exercise strong ownership and transact quickly with security 
and long-term stability, with the asset reserve backstop becoming a pillar of 
this strategy.

Gratomic Inc is a pioneer in the mining and commercialization of graphite 
products, including the super-strength nano material graphene that is used 
extensively in the digital economy for its conductive abilities in circuit 
boards, along with a wide range of mass-market applications, such as with 
elastomer and polymer products, including the $222 billion tire market.

Speaking on the TDN for graphite deal, Gratomic Executive Chairman Sheldon 
Inwentash commented, "Building our long-term treasury and creating secure 
digital ownership of commodities that can carry an immutable history of its 
quality, amount, handling, testing and custody, and which can move without 
friction through manufacturing chains or on trading platforms is where we need 
to be. As we move to production, this acquisition program creates the 
foundation to start that focused work."

TODAQ CEO Hassan Khan added: "This is the first of many deals we are lining up 
to give the backstop a mixture of assets and commodities that reflect the real 
world, that reflect real value that can be understood by existing markets. Too 
often, digital assets rely on sentiment for their perceived value; we intend 
for TDN to have both substance and utility."

TODAQ is working on several other TDN deals, including raw materials, metal 
commodities and commercial deployments of TDN into consumer markets.

"Diversifying the backstop to underpin TDN's real use in the wider economy is 
core to our strategy. The fact that we have such a variety of asset 
negotiations in play gives us great confidence that what we set out to achieve 
is coming true; a digital asset that allows for direct ownership and control of 
any commodity or asset, be it physical or digital," added Khan.

To learn more about TODAQ and TDN, please visit https://todaq.net and 
https://tdn.network 

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Source: TODAQ