Crypto-Follow logo Crypto-Follow logo
Seeking Alpha 2022-01-24 21:48:04

Cloud Nine Web3 Technologies partners with Argent Crypto

Cloud Nine Web3 Technologies (OTCPK:CLGUF) enters into a third party services deal with Argent Crypto, whereby Argent will utilize CLGUF's unused computer processing power of its userbase to mine cryptocurrencies and convert them into fiat currency. CLGUF intends to use this tie-up to perform a monetization strategy for the foreseeable future until it has the personnel and cash resources necessary to support such operations independently, and until it believes it can safely mitigate regulatory and business risks in crypto mining. Argent must collect all cryptos generated from mining and convert such assets into fiat currency and distribute the proceeds back to CLGUF. For its services, Argent is entitled to a service fee equal to an agreed upon percentage from the converted fiat amount, with the balance being paid out to CLGUF. The deal may be terminated at any time by any party with at least 90 days written notice. CLGUF expects

#
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约