- Enters into service agreement that permits third party miner to access Cloud Nine's unused computer processing power of its userbase for cryptocurrency mining
- Company continues to grow userbase through no-charge Limitless VPN (virtual private network) available at
- Management anticipates commencing mining once userbase reaches 50,000 registered active users
VANCOUVER, British Columbia, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Cloud Nine Web3 Technologies Inc. (CSE: CNI) (OTC: CLGUF) (FRANKFURT: 1JI0) ("Cloud Nine" or the "Company"), a leading decentralized network and data storage technology company, announces it has entered into a third party services agreement with Argent Crypto, Inc., a British Columbia cryptocurrency based Money Services Business (the "Crypto MSB"), whereby the Crypto MSB has agreed to access and utilize Cloud Nine's unused computer processing power of its userbase to mine digital assets, collect digital assets from such activity and convert such assets into fiat currency on behalf of the Company.
Sefton Fincham, President of Cloud Nine states, "We are excited to partner with a trusted organization like Argent Crypto to undertake our future mining operations. This agreement represents a key step in our monetization strategy as we continue to grow our userbase."
The Company intends to utilize this relationship to perform a monetization strategy for the foreseeable future until the Company has the personnel and cash resources necessary to support such operations independently and until the Company believes it can safely mitigate the regulatory and business risks associated with cryptocurrency mining.
Pursuant to the terms of the services agreement, the Crypto MSB has agreed to utilize the Company's proprietary technology to access the unused processing power of the devices of the Company's userbase to mine digital assets. The Crypto MSB is required to collect all digital assets generated from cryptocurrency mining and convert such digital assets into fiat currency and distribute the proceeds back to the Company. During the term of the agreement, the Company has the right to require the Crypto MSB to initiate, halt and re-commence such services at the Company's sole discretion. For their services, the Crypto MSB is entitled to a service fee equal to an agreed upon percentage from the converted fiat amount, with the balance being paid out to the Company. The agreement may be terminated at any time by any party with at least 90 days written notice.
The Limitless VPN (virtual private network) is a proprietary product owned by the Company and offered to users which relates to the usage of network infrastructure to perform distributed computational processing and to provide the user with a secure and encrypted connection to the internet. The initial version of the Limitless VPN () was released and available to the public on September 23, 2021.
As at January 21, 2022, there were 19,227 registered active users of the Company's Limitless VPN. Management believes that it will need to increase its userbase to approximately 50,000 active registered users before it reaches a sufficient number to economically justify activating its operations and utilizing its userbase for either cryptocurrency mining through the Crypto MSB or independently for decentralized data storage on a cash fee basis.
The Company currently offers its products and content without charge or, in some cases, for a reduced or nominal cash fee. Instead, users who wish to use such products and access such content are required to agree to the Company's privacy policy and terms of use which authorize the Company and its contractors to access and utilize their unused computer processing power. At this time, the Company intends to pursue its growth strategy of focusing on growing its userbase by marketing its existing products and offering additional content. Once the Company's userbase increases to approximately 50,000 registered active users, the Company intends to initiate its monetization strategies as noted above.
On Behalf of the Board,
CLOUD NINE WEB3 TECHNOLOGIES INC.
Sefton Fincham
President
(604) 669-9788
About Cloud Nine Web3 Technologies Inc.
Cloud Nine is a diversified technology company focused on leveraging its proprietary Web 3.0 technology products to enable the decentralized movement among consumers and business alike. Web 3.0 enables a sustainable world where decentralized users and machines are able to interact with data, value and other counterparties via a substrate of peer-to-peer networks without the need for third parties creating many benefits such as giving each user full control and ownership of all personal and corporate data.
About Argent Crypto Inc.
Argent Crypto, Inc. a blockchain and cryptocurrency based Money Services Business (MSB), aims to promote the mass adoption of blockchain technology. Founded in 2018, Argent Crypto, Inc. is dedicated to enabling the decentralized future through custom blockchain consulting and investment services.
For further information, please contact:
Paul Searle
Corporate Communications
Citygate Capital Corp
Phone: (778) 240-7724
psearle@citygatecap.com
Forward-Looking Statements
Certain statements in this press release are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements in this news release include statements regarding: utilization of the Company's userbase for cryptocurrency mining by the Crypto MSB; the Crypto MSB's ability to mine, convert and generate fiat currency; the ability of the Company to perform mining operations in the future after addressing regulatory and business risks; the growth of the Company's userbase; management's expectation that a userbase of 50,000 registered active users will justify commencement of mining operations through the Crypto MSB; and growth strategies of the Company. Factors that could cause actual results to differ materially from those in forward-looking statements include: the continued availability of capital and financing; failure to obtain any approvals, permits, approvals and licenses required to operate the business; technology integration between the Crypto MSB and the Company to access its userbase; the impact of technology changes on the industry; lack of demand for the Company's products and services; fluctuations in access from the Company's userbase; userbase utilizing inefficient or legacy hardware and software; competition; increase in operating costs; litigation; loss of key employees, consultants and directors; security threats; privacy and cybersecurity risks and failures; failure to develop new and innovative products and services; failure of counterparties to perform their obligations; the impact of the Covid-19 pandemic on the Company's ability to operate and hire personnel; and adverse general economic, market or business conditions. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products and services, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, and the ability to secure sufficient capital to complete its business plans. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Such forward-looking statements should therefore be construed in light of such factors, and, except as required by applicable law, the Company is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
- 簽訂服務協定,允許第三方挖掘者訪問Cloud Nine未使用的電腦處理能力的用戶群進行加密貨幣挖掘
- 公司通過免費的無限制VPN(虛擬專用網路)繼續擴大用戶群,網址為
- 管理層預計,一旦用戶群達到50,000註冊活躍用戶,就開始挖掘
溫哥華,不列顛哥倫比亞省,2022年1月24日(Global Newswire)-Cloud Nine Web3 Technologies Inc.(CSE:CNI)(場外交易代碼:CLGUF)(法蘭克福:1JI0)(“雲九“或”公司“),一家領先的去中心化網路和數據存儲技術公司,宣佈它已與不列顛哥倫比亞省一家基於加密貨幣的貨幣服務業務(The Money Services Business,The)Argent Crypto,Inc.簽訂了第三方服務協定。”加密MSB“),據此,Crypto MSB已同意訪問和利用Cloud Nine的用戶群中未使用的電腦處理能力,以挖掘數位資產,從此類活動中收集數位資產,並代表公司將此類資產轉換為法定貨幣。
Cloud Nine的總裁表示:“我們很高興能與像Argent Crypto這樣值得信賴的組織合作,承擔我們未來的採礦業務。這項協定是我們貨幣化戰略中的關鍵一步,因為我們正在繼續擴大我們的用戶基礎。”
公司打算利用這一關係在可預見的未來執行貨幣化戰略,直到公司擁有獨立支持此類運營所需的人員和現金資源,直到公司相信它可以安全地緩解與加密貨幣開採相關的監管和商業風險。
根據服務協定的條款,Crypto MSB已同意利用公司的專有技術訪問公司用戶群設備的未使用處理能力,以挖掘數位資產。Crypto MSB需要收集加密貨幣開採產生的所有數位資產,並將該等數位資產轉換為法定貨幣,並將收益分配回公司。在協定期限內,公司有權要求Crypto MSB自行決定啟動、停止和重新開始此類服務。對於他們的服務,Crypto MSB有權從轉換後的法定金額中獲得相當於商定百分比的服務費,其餘部分支付給公司。本協定可由任何一方在至少90天的書面通知下隨時終止。
無限制VPN(虛擬專用網路)是本公司擁有並提供給用戶的專有產品,涉及使用網路基礎設施執行分佈式計算處理並為用戶提供安全和加密的互聯網連接。無限制VPN()的初始版本於2021年9月23日發佈並向公眾開放。
截至2022年1月21日,該公司的Limitless VPN有19,227名註冊活躍用戶。管理層認為,它將需要將其用戶群增加到大約50,000個活躍註冊用戶,才能達到足夠的數量,以便在經濟上證明有理由激活其業務,並將其用戶群用於通過Crypto MSB進行加密貨幣開採,或以現金收費的方式獨立用於分散的數據存儲。
該公司目前免費提供其產品和內容,在某些情況下,以降低的或象徵性的現金費用提供。相反,希望使用此類產品和訪問此類內容的用戶必須同意本公司的隱私政策和使用條款,該政策和使用條款授權本公司及其承包商訪問和使用其未使用的電腦處理能力。此時,該公司打算通過營銷其現有產品和提供更多內容來追求其專注於增長用戶基礎的增長戰略。一旦公司的用戶群增加到大約50,000註冊活躍用戶,公司打算啟動如上所述的貨幣化戰略。
我謹代表董事會,
雲九WEB3技術公司。
塞夫頓·芬查姆
總裁
(604)669-9788
Cloud Nine Web3 Technologies Inc.簡介
Cloud Nine是一家多元化的技術公司,專注於利用其專有的Web 3.0技術產品來實現消費者和企業之間的分散運動。Web 3.0實現了一個可持續的世界,分散的用戶和機器能夠通過點對點網路的底層與數據、價值和其他交易對手互動,而不需要第三方創造許多好處,例如讓每個用戶完全控制和擁有所有個人和公司數據。
關於Argent Crypto Inc.
Argent Crypto,Inc.是一家基於區塊鏈和加密貨幣的貨幣服務業務(MSB),旨在推動區塊鏈技術的大規模採用。Argent Crypto,Inc.成立於2018年,致力於通過定製的區塊鏈諮詢和投資服務實現去中心化的未來。
如需更多資訊,請聯繫:
保羅·塞爾
企業通信
Citygate Capital Corp
電話:(778)240-7724
郵箱:psearle@ciygatecap.com
前瞻性陳述
本新聞稿中的某些陳述是前瞻性陳述,具有前瞻性。前瞻性陳述不是基於歷史事實,而是基於對未來事件的當前預期和預測,因此存在風險和不確定因素,可能導致實際結果與前瞻性陳述明示或暗示的未來結果大相徑庭。這些表述一般可通過使用“可能”、“應該”、“將”、“可能”、“打算”、“估計”、“計劃”、“預期”、“預期”、“相信”或“繼續”等前瞻性詞語或其否定或類似變體來識別。本新聞稿中的前瞻性陳述包括有關以下方面的陳述:Crypto MSB利用公司的用戶群進行加密貨幣開採;Crypto MSB開採、兌換和產生法定貨幣的能力;公司在解決監管和商業風險後未來進行採礦作業的能力;公司用戶群的增長;管理層預期50,000註冊活躍用戶群將證明通過Crypto MSB開始採礦作業是合理的;以及公司的增長戰略。可能導致實際結果與前瞻性陳述中的結果大不相同的因素包括:繼續獲得資本和融資;未能獲得經營業務所需的任何批准、許可、批准和許可證;Crypto MSB與公司之間的技術集成,以訪問其用戶群;技術變化對行業的影響;對公司產品和服務的需求不足;公司用戶群訪問的波動;使用低效或遺留硬體和軟體的用戶群;競爭;運營成本增加;訴訟;關鍵員工、顧問和董事的流失;安全威脅;隱私和網路安全風險和故障;這些問題包括:未能開發新的和創新的產品和服務;交易對手未能履行其義務;新冠肺炎疫情對公司運營和招聘能力的影響;以及不利的總體經濟、市場或商業狀況。這些陳述和資訊是基於對目前和未來的業務戰略以及公司未來運營環境的許多假設,包括對其產品和服務的需求、成功開發軟體的能力、不會有任何法規或法律阻止公司運營、預期成本以及確保足夠的資本來完成其業務計劃的能力。鑑於這些風險、不確定性和假設,您不應過度依賴這些前瞻性陳述。因此,此類前瞻性表述應根據這些因素進行解讀,除適用法律要求外,公司沒有任何義務更新或修訂任何前瞻性表述,無論是由於新資訊、未來事件或其他原因,公司明確表示不承擔任何意圖或義務。