A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.
MCAPMediaWire – Net Savings Link Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced that the Company has completed its acquisition of a significant 10% stake in leading cryptocurrency exchange, BQEX Ltd, and thereby closing NSAV’s largest transaction since its entrance into the $2 trillion global cryptocurrency market. BQEX Exchange has over 4 million registered users and is owned and operated by Metaverse Network LLC (MNC). Based on published reports placing a $95.00 value on each registered user, 4 million registered users would value BQEX Crypto Exchange at an estimated $380 million, and therefore value NSAV’s 10% stake at an estimated $38 million.
W. Y. Cheung, CEO of MNC stated, “We are very excited about this transaction, and we believe the synergy effect between our two parties will be in multiple folds. We continue to be evermore excited to be working with the management team of NSAV.”
Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “We are in line with building the global community into our ECOsystem, and forming a solid base for other acquisitions and projects to grow NSAV. I am thrilled that we are continually commercialising the relationship between NSAV and Metaverse Network.”
BQEX (Best Quality Exchange) is a Centralised Cryptocurrency Exchange that was established in 2017. BQEX has over 4 million registered users globally and lists over 50 cryptocurrencies. BQEX also has inbuilt multi-functional ETF windows that support project developers, in order to provide the best investment experiences to their users.
MNC is a centralised App that transforms diversified users to decentralised universe DApps. It is a “playground” that supports both creators and users for access, allowing to create a link between the present universe and Metaverse to work together in harmony. As Blockchain environments are dominating the landscape in the next era to come, MNC believes token ecology is essential to access the new era community and to operate in the decentralised economy.
MNC anticipates going public in New York in Q1 2022.
NSAV’s vision is the establishment of a fully integrated technology company, which provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, financial services, advisory services and information technology.
For further information please contact NSAV at [email protected]
The NSAV Twitter account can be accessed at https://twitter.com/nsavtech
The NSAV corporate website can be accessed at http://nsavholdinginc.com
The NSAV Premium OTC Crypto Trading Desk website can be accessed at https://nsavholdinginc.com/otc-desk/
The NSAV Hong Kong OTC Crypto Trading Desk website can be accessed at https://hkotc.co/
The NSAVDEX 2 Exchange website can be accessed at https://nsavdex.io/
The NSAVDEX Telegram account can be accessed at https://t.me/NSAVDEXorg
Silverbear Capital Inc., a leading, global investment banking firm, will be advising NSAV on strategic matters related to this transaction.
Silverbear Capital Inc. (SBC) has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice.
Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product (nor shall any such shares or product be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbours created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link Inc. to accomplish its stated plan of business. Net Savings Link Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link Inc. or any other person.
Net Savings Link Inc.