Brox Token: Investing in Bitcoin Energy for Responsibly Produced, Low-Cost Power
*This blog post is sponsored by Brox Equity, a Canadian-based investment company that is dedicated to making direct investments in stranded natural gas assets, power generation, and bitcoin mining operations.
Brox Equity is a unique project. Brox is taking previously wasted gas and turning it into low-cost power. This is helping blockchain miners keep costs low, and enhancing the way that oil and gas projects make use of the world’s resources. It doesn’t stop there though. Brox is also using the blockchain to unlock liquidity for oil and gas projects and creating a range of new opportunities for investors of all sizes to diversify their investment portfolios.
Jonah Schulman, Head of Communications at Security Token Market, had the opportunity to sit down with Mohamed El-Masri, CEO, and Director of Brox, for an overview of this exciting project.
👇Check it out!👇
There has been a lot of discussions recently about Bitcoin’s significant environmental impact, but what is missing from the debate is an understanding of where the mining energy comes from. China represented more than 60% of global crypto activity, and most of the mining done in the country relied on power from coal-fired plants. This had a colossal environmental footprint. With China’s recent move to prohibit crypto mining, the dynamic of the sector has changed and the sector is moving to more responsibly generated power.
One of the ways to responsibly generate power is to use natural gas that was previously wasted, trapped in pockets that accompany oil deposits underground that were too small to economically bring to market.
Brox is using this gas by bringing crypto mining operations and oil and gas projects together. It provides both the hardware and the project management skills to harness natural gas and turn it into usable power for crypto mining onsite at remote oil and gas projects. The power is there when it is needed without the need for the extensive infrastructure necessary to move the gas to a traditional market.
The Size of The Prize
There is estimated to be US$110 billion worth of stranded natural gas in Canada alone. It is too expensive to build the infrastructure necessary to bring the gas to market, so it is wasted: released into the atmosphere or forced back into the ground. Brox has developed a vertically integrated business model that harnesses this stranded natural gas, using it to power crypto mining operations. It has also made it simple for oil and gas workers, crypto miners and investors, to make the most of the opportunities available.
Mohamed El-Masri, CEO, and Director of Brox Equity elaborated in a recent blog post: “By generating power from previously wasted and/or stranded natural gas resources, we are able to unlock value and significant upside potential from stranded assets. Canada has over US$110 Billion (yes, that’s billion with a capital B) of stranded natural gas, which lacks a commercial solution to extract and bring to market… We are now living in the future, where transaction protocols such as the blockchain have created a new energy era and a new demand for an onsite, low-cost, clean, and sustainable source of power.”
PermainChain Overview
To make this all possible, Brox Equity’s strategic partner PermianChain Technologies, a private blockchain solution also led by El-Masri has developed a platform that will eradicate the flaws and inefficiencies in the energy sector.
During our interview, he suggested that he believed that organizations in the energy sector would prefer a private blockchain to a public one because they offer the benefits of blockchain technology with enhanced control over what happens on-chain.
The STO
The Brox Token Offering (BTO) will issue the first-of-its-kind multi-commodity digital security comprising of oil, natural gas, electricity, and bitcoin.
Brox Equity is raising US$20M exclusively from accredited investors, family and friends, and business associates via a security token offering.
In the first phase of the offering, the team is raising US$3M for a price of US$.80 per token. Once the US$3M is raised, they plan on changing the price/share for the next US$17M.
Offering Terms:
- Investor demographics: Accredited investors, family and friends, and business associates
- Investor rights: Equity in Brox Equity, as well as dividends in the form of Bitcoin from their mining operations
- Offering size: US$3M
- Share price: US$0.80
- Minimum investment: US$5,000
- Closing date: August 11, 2021
- Protocol: ERC-20
- Secondary liquidity: Looking into MERJ Exchange, as well as other platforms
- At the time of writing, the project has raised US$230,150
You can view more information regarding their primary offering & fundraising status on our platform, stomarket.com!
