The growth in the cryptocurrency industry has been nothing short of spectacular considering the fact that it has grown primarily in the past five years. The crypto mining industry has managed to grow at a remarkable pace in recent times and there are many companies that are engaged in the sector. If you are currently looking into such stocks then it may be a good time to take a look at the Epazz Inc (OTC:EPAZ) stock.
The company is best known for providing cryptocurrency blockchain mobile applications in addition to cloud-based software solutions. However, on Wednesday, the company came into focus after making an announcement with regards to its ambitious CryObo Project in the United Arab Emirates.
The project is an ambitious one because it is going to be engaged in converting sunlight into Bitcoin. In order to finance the project the company is going to issue tokens and yesterday, it announced that it was going to issue those tokens at some point in the third quarter of 2022. Those who are going to buy the tokens are going to be able to share the income that is going to be eventually derived from the mining of Bitcoin tokens. The announcement was a significant one and it indicates that the project is moving forward at a steady pace.
It was noted yesterday that Epazz was in the final stages of completing certain agreements as well as plans related to the launch of the tokens. One of the things that Epazz shareholders need to note is that the capital that is going to go into this project is being raised not through the issuance of new Epazz shares but through the issuance of tokens. Hence, the share is not getting liquidated and that is another factor that may be seen as a positive by investors.
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