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As support for its network has increased, Bitcoin has recently reached an all time high of $57,000. That ’s ’ more than 5x from where it sat a year ago. Elon Musk recently purchased $1.5 billion dollars worth of Bitcoin and will start accepting it as payment at Tesla . VISA & Mastercard announced they will enable their merchants and clients to transact through and/or with bitcoin. Factors such as these, along with a surge of institutional buying continue to validate crypto currency and the related mining activity around it. This new crypto renaissance is unlocking trillions in transaction volume as investors are opening Bitcoin and crypto-wallets in record amounts.
Just this week Cipher Mining Inc. agreed to a merger with blank-check firm Good Works Acquisition Corp. (GWAC) in a deal valued at $2 billion. Crypto mining stocks are reaching new highs at the outset of 2021 with valuations ballooning. These include valuations of crypto mining players, such as Marathon Digital Holdings Inc. (MARA), currently at $2.8 billion, Riot Blockchain Inc. (RIOT) with a $2.7 billion market capitalization and HIVE Blockchain Technologies Ltd. (HIVE.V) at $1.5 billion
It ’s all very daunting and a little intimidating for the average consumer, let alone investor. Fortunately, an early stage small-cap company Cloud Nine Education Group Ltd. (CNI.C), with a current valuation of just $27 million, is taking steps to take the mystery out of cryptocurrency buying, mining and trading.
CNI ’s 100% owned subsidiary, Cloud Nine Web3 Technologies Inc., has recently teamed up with Victory Square Technologies to create the new ‘Limitless ’ Eco-System. Capitalizing on the new ‘crypto renaissance ’ CNI expects exponential sales growth from about $3.7 million this year to $93 million come 2024. The closely held company has about 27 million shares and is currently doing a financing at $1.36 to finance operations and a yet-to-be-disclosed M&A activity. If it follows through on it plans on just its currently disclosed activities, the shares may follow the same trajectory of its sales forecasts, and then some, as more partnerships evolve. With 10,000 Beta subscribers currently utilizing its decentralized VPN, Limitless already has a waitlist of 100,000 users eager to download and mine.
Watch the Exclusive FinancialPress Interview with Cloud Nine / Limitless Blockchain
The Limitless concept is to earn long-term customer loyalty by building a pipeline through a funnel of user-friendly educations tools. These learning tools eventually take the user to downloading the Limitless virtual private network (VPN) and to starting mining at a novice level from their own PC and or smartphone as part of the Limitless Network. This is essentially the ‘gateway ’ drug for the users who becomes more knowledgeable and comfortable with the process, then to accept shipment of low-cost hardware to mine crypto at a higher level. The end-game is for the user to ultimately set up a Limitless crypto-wallet and begin buying and trading crypto. Meanwhile, with thousands and soon millions of members on the Limitless network, CNI has the collective earning power to act as a virtual bank, to monetize its crypto holdings (through loans, financings, investments, like any other bank) along with the massive decentralized excess storage the company has accumulated.
Here ’s how the ‘Limitless funnel ’ works:
Step One – educate the user at nextdecentrum.com
Step Two – get ‘em mining at a micro-level by downloading the permission-based VPN from limitlessblock.com
Step Three – once the user gets more serious, they can purchase Microblock Miner hardware for $650 (can be paid in 4 equal installment) which, running on autopilot, pays for itself within 10 months.
Step Four – set up a wallet and start trading cryptocurrency under the Limitless ecosystem
With the Limitless Microblock Miner users can mine all major cryptocurrencies, including: Bitcoin, Ethereum, Grin, Zcash, Cosmos and Handshake. All the user needs is a PC or smartphone and Wi-Fi. The mobile app allows the user to keep track of their mining progress, review earnings, can monitor the system performance and estimate average rate of return by tracking mining activity.
CNI President and CEO, Allan Larmour explains the concept, “When we look at the crypto space the mainstream audience still doesn ’t understand it, so we wanted to build the top of the funnel which is the education component. This allows us to build a critical mass, a funnel of people that we can covert to downloading the VPN browser, buying the MicroMiner at the next level and eventually using the wallet, so the tutorial site and free VPN is a built-in lead generation tool for that. After all, everyone remembers their first bank.”
Naturally, where the real money lies for CNI shareholders is in the buildout Limitless wallet users and collective big data storage accumulated on its blockchain-based network.
“We focus on a low customer acquisition cost through education and healthy lifetime value through the tools we prove. The customer acquisition cost is generally the most challenging part; the technology is somewhat commoditized so that educational funnel is what really brings down our cost to acquire a customer. It all leads to our digital wallet which is really the end game. Every person that downloads that digital wallet may have market value of $5,000, but as the banking market gets disrupted by digital wallets that number might increase significantly, while our cost to acquire those people is minimal.”
Larmour ’s sees significant revenue opportunities in the permission-based excess storge is building though Limitless VPN. “We ’re creating an army of digital miners which is using our VPN as Trojan, we profit share with the users by utilizing their excess capacity, so the more people we have on our network the more valuable it is. For example, we can provide highly secure, de-centralized hosting for websites. As a blockchain network, no one provider, like Amazon or Google, can shut you down.
The company is also building partnerships, acquiring users by partnering with gaming companies whose user devices use GPUs over CPUs and have more efficient computing power. One such company {NAME} was able to cross over 40,000 users by offering them the Limitless VNP for free. This is typically a cost of about $10/month to the average user, so why not?
“We have many more partnerships coming around the corner,” says Larmour. He says these future partnerships could have significant impact on the company ’s top line as it builds up the ‘Limitless Army ’ . At this rate, the investment upside in CNI is starting to look Limitless.
Knox Henderson is the Editor-Chief of FinancialPress and has been a journalist in the capital markets and works as a communications consultant. He has advised for a broad range of small cap companies in the resource, life sciences and technology sectors for more than 25 years.
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