GD Entertainment and Technology (OTCMKTS:GDET) fell 28% after the company announced the launch of Dreamcard. Dreamcard will be the first fiat/crypto Dual Credit/Debit Card globally that contains a dual-chip and will be issued as a sleek, refined metal card with a conventional; single fiat/debit/reloadable model.
The company’s four targeted main strategies include membership groups, influencers/celebrities, single retail users, and charities. Notably, influencer/celebrity-based marketing’s focus will be to effectively leverage a considerable follower/fan base in a model, including revenue sharing, as followers/fans purchase the card with an image of the preference.
The charitable marketing model involves individuals donating to charitable organizations and charities with extensive mail lists to donors. There is an offer designed for Dreamcard with an imprinted image to donate each time the card is used passively. Membership Enterprises include Country clubs, casinos, and affinity groups to issue the card to VIP members. The retail market will appeal to a customer base looking to make a statement. Therefore, with the Dreamcard launch, GDET is a stock to watch.
On Thursday, GDET stock slumped 28% at $0.0017 with more than 410.10 million shares, compared to its average volume of 109.23 million shares. The stock has moved within a range of $0.0015 – 0.0024 after opening the trade at $0.0023.