CryptoBlox Signs LOI To Acquire Rights to Digital Asset License - Seite 2

CryptoBlox Blockchain Ecosystem

The rights acquisition of this License, if completed, would add to CryptoBlox’s larger ecosystem strategy which paints a 3-prong approach:

1. The first prong attests to the Company’s alternate/renewable energy powered mining infrastructure which is enabled by the acquisition of alternate energy assets that allow CryptoBlox to sustainably and profitably mine digital assets like Bitcoin irrespective of market conditions. This can be seen within the recent acquisition of Redwater Acquisition Corp. (“Redwater”), a modular air-cooled data center facility, powered by flared gas in Sturgeon County, Alberta, where the Company’s energy costs are as low as $0.015/kwh. And with the signing of a non-binding letter of intent with Crypto Green Tech Inc. (“Crypto Green”) for a strategic partnership whereby CryptoBlox is poised to acquire the rights to Crypto Green’s patent-pending modular, renewable energy-powered crypto mining infrastructure. Overall, this infrastructure layer is the foundation upon which the Company will further develop its ecosystem.
   
   
2. Atop the infrastructure layer, CryptoBlox will be developing a digital asset financial layer with a goal to increase adoption within the blockchain economy. This digital asset financial layer will be first enabled by the acquisition of the rights to the License, with a subsequent goal of seeking strategic partnerships with payment rails providers, financial institutions, and digital asset liquidity providers. As CryptoBlox continues expanding its mining infrastructure and subsequent capacity, the Company intends to develop a robust structured digital asset financial product suite which allows for liquidity to self-perpetuate within the CryptoBlox ecosystem, while also providing a gateway to launch additional retail focused mining products in the future.
   
   
3. Furthermore, integrated within the digital asset financial layer sits the blockchain-based payments layer, targeted to improve the network scalability issues within major blockchain networks. The Company aims to integrate its blockchain based payments layer within its larger ecosystem to create a circular value structure that enables scalability, increases transaction speed while lowering transaction costs within both CryptoBlox’s structured digital asset products/services and its mining infrastructure/operations.