SMC Entertainment Acquires ChainTrade Ltd.'s AI-Powered Trading Platform

SMC Entertainment, Inc. ("SMC" or the "Company") (OTC: SMCE), a versatile incubator company specializing in the acquisition and support of commercialized financial services and technology (Fintech) companies, has completed the acquisition of ChainTrade Ltd.’s AI-powered trading platform.

ChainTrade, a UK-registered fintech company, is a joint venture between Plato Data Intelligence and Redmatter.Capital. The platform developed by ChainTrade allows users to trade equities, ETFs, commodities, and indices with the assistance of a personalized AI-powered trading assistant. The innovative platform leverages AI's predictive capabilities to enhance trading and investing strategies, improve research, risk management, and asset allocation.

SMC has launched two distinct verticals integrated into the platform: ChainTrade.AI for the U.S. market and ChainTrade.pro for international users. The company is currently offering a free trial for the AI Research Advisor software, allowing users to experience the AI-driven tools firsthand.

The ChainTrade platform enables investors to analyze thousands of data points, including live price data, performance, investor sentiment, fair value, and risk factors. These features provide timely insights, helping investors make informed decisions to optimize portfolio performance. After three years of development, ChainTrade has built the necessary infrastructure to deploy the platform, focusing on a secure transaction environment and continuous evolution to reach emerging markets.

Erik Blum, CEO of SMC, expressed confidence in the acquisition, stating, "We believe the AI-powered platform will have a direct and significant impact on SMC’s future revenue growth. We look forward to working with the ChainTrade team to expand our market reach and revenue growth." Bryan Feinberg, Co-Founder of ChainTrade, echoed this sentiment, emphasizing the company's forward-thinking approach towards user acquisitions and sustainability.

The acquisition terms include the issuance of an $8,000,000 promissory note, an initial payment of $30,000, which has already been made, and additional payments of $30,000 every 45 days until the platform becomes cash flow positive. These funds will cover customer acquisition, further product development, and marketing expenses.

SMC's acquisition of ChainTrade's platform is a strategic move aimed at bolstering its fintech portfolio and expanding its market presence. The integration of AI-driven tools into trading platforms is expected to revolutionize the financial industry by providing more precise and personalized investment strategies. This acquisition not only enhances SMC's capabilities but also positions it to take advantage of the growing demand for advanced trading technologies.

About SMC: SMC is a versatile holding company focused on acquiring and supporting commercialized financial services and technology (fintech) companies. SMC's multi-discipline growth by acquisition approach aims to enhance revenues and shareholder equity.

About ChainTrade: ChainTrade Ltd is a UK-registered entity affiliated with Red Matter Capital Ltd, a registered financial services company. Its subsidiary has been granted a securities trading license by the Capital Market Authority of Montenegro.

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