PR94672

NEW YORK, March 1, 2022 /PRNewswire=KYODO JBN/ --

In a first-of-its-kind move for the tech industry, abillion rewards it's

members for contributing to its growth and success through shares in the

company

abillion, the fastest growing platform designed to help people and businesses

be more sustainable, is disrupting the concept of ownership and handing shares

in the company to its members. This is a first in the social media and

technology industry.

Since 2018, abillion has run a unique and successful rewards program. Every

time an abillion member chooses to eat or shop sustainably and shares their

experiences on the abillion app, abillion credits them US$1. Members cannot

withdraw the funds from their wallet but are able to use the credits to donate

to any of the 60 plus non-profit organizations supported by the company. The

company supports animal welfare projects from Argentina to Australia, and

international organizations like Sea Shepherd and One Tree Planted. Through

this program, abillion has donated over US$1.4 million. The program creates a

direct link between consumer choices and the impact of those choices on the

natural environment.

Through the new abillion community equity program, members can now use their

donation credits to own a stake in abillion. Each dollar will convert to a

dollar's worth of shares when the company goes public.

Founder & CEO Vikas Garg says, "We're uniquely positioned as a social media and

technology company that's built around shared values that extend beyond our

staff and offices and embody the values of our members. As a community built

around a mission, we want to break the mold of Silicon Valley founders that own

and control companies without bearing any responsibility to their users and

society at large. Companies like Facebook and Twitter take no responsibility

for the damage their platforms have done, from spreading hate, violence and

misinformation to helping dictators and disrupting elections."

Members will now see an "abillion Community Equity" badge alongside the 60 plus

charities the company supports. To participate in the equity program, abillion

members click on the icon and allocate credits to ownership. In doing so, they

are promised the amount in shares upon the company's IPO. The company will not

impose any limitations on how much of the company it's members can own.

abillion was founded by Garg, a former hedge fund manager, in 2017, with the

app launching in 2018. Garg has raised a total of US$17 million to fund the

company, including a US$10m Series A in December 2021. The abillion app has

been downloaded by over a million people in 166 countries. The app helps its

members choose sustainable options when they eat or shop, and the company has

donated US$1.4 million to sustainability and social impact projects worldwide

since its launch. In 2022, abillion will be launching the world's first

peer-to-peer marketplace fostering entrepreneurship in sustainability on a

global scale.

-For images of abillion in use and a portrait of CEO & Founder Vikas Garg,

here(https://drive.google.com/drive/folders/1VY2yRVAkvKO7B9TSm0lEsA7hsCuBzwa5).

For media enquiries, please send an email to:

pr@abillion.com

Our Mission: Through technology, we are connecting and helping people live,

shop and eat more sustainably.

Website: www.abillion.com　

Source: abillion