AXTG
Subsidiary, T8 EXCHANGE, Drives Bold NFT Market Disruption by
Partnering with Non-Profit Organization, ABC Legacy
Foundation
Los Angeles, CA -- October 4, 2021 -- InvestorsHub
NewsWire -- AXIS TECHNOLOGIES GROUP, INC. (OTC:
AXTG), a holding company that promotes decentralized finance
businesses and supports the development of blockchain and
decentralized finance (DeFi) projects, is proud to announce the
partnership with ABC Legacy Foundation (ABCLF), a non-profit
organization rethinking the way the world creates a sustainable
future. Launching an NFT marketplace to invest in natural
resources and physical assets like never before. ABCLF was gifted
670,000 tons (one billion $USD) of graphite by Silver Bear Inc., an
Alberta, Canada based corporation, to merge the mineral commodity
with the digital world as a non-fungible token.
ABCLF is now offering 200,000 tons of ABC Non-Fungible
Tokens ("Graphite NFTs"), a utility NFT token that tokenizes the
services of graphite mining, on the T8 Exchange Marketplace. Each
Graphite NFT represents the amount of mining labor work on 100 tons
of Graphite, with each sale supporting the graphite mining and ABC
Non-Fungible Token network. When a token holder redeems it, he can
either receive the refined graphite mineral Ex Works or equivalent
value in ETHs delivered by ABCLF. The total ABC NFT issued for this
project is only 1,500.
Month
|
NFT Sold.
|
Number of ETH
|
Total
|
Expected Value in 36
Months
|
October
|
230
|
17
|
$ 11,730,000
|
$ 44,850,000
|
November
|
220
|
21
|
$ 13,860,000
|
$ 42,900,000
|
December
|
250
|
25
|
$ 18,750,000
|
$ 48,750,000
|
January
|
250
|
29
|
$ 21,750,000
|
$ 48,750,000
|
February
|
250
|
32
|
$ 24,000,000
|
$ 48,750,000
|
March
|
300
|
34
|
$ 30,600,000
|
$ 58,500,000
|
The graphite mineral market is expected to see
unprecedented growth in the coming decade, peaking at a market size
of USD 13.60 billion in 2020. A forecast produced by Syrah
Resources projects a compound annual growth rate of 8.2%, from
14.83 billion USD in 2021 to 25.70 billion USD in 2028. This
expansion is likened to the battery boom and soaring demand for
green and clean energy technologies, driving demand for critical
battery raw materials like Lithium, Nickel and Cobalt as well as
Graphite.
Now, the introduction of NFTs has impacted and
influenced a transition to a digital world - making it possible for
the issuers to imbue physical properties and proof ownership to
digital assets.
Graphite NFT will be minted on ETHFUND, a decentralized
NFT minting, swap, listing and exchange platform that enables
existing TiENCHAT users to trade, swap and utilize NFT tokens as a
form of payment inside the proprietary platform.
Each Graphite NFT combines a smart contract with unique
identifying metadata, including the identity of the owner, terms of
the contract, secured file links and the security afforded by
ETHFUND or ETH blockchain, providing irrefutable proof of
ownership.
NFTs and Smart Contracts act simultaneously as a
“certificate of authenticity” for the underlying asset, and as a
valuable representation of ownership of work amounting to 200,000
tons of graphite mineral.
The minimum fundraising amount of the graphite mining
project is 7.5 million USD. T8 Exchange charges a 2.5% marketplace
fee as the NFT mining, gas, and administrative fee.
Once the 7.5-million-dollar amount has been met, the
token holders will be able to redeem their Graphite NFTs with the
correlation amount of graphite mineral product, or the equivalent
number of ETHs, after holding their Graphite NFTs for at least a
36-month period. When a Graphite NFT is redeemed, the NFT will be
“burned” by being permanently locked into a smart contract, unable
to be re-released or spent.
Currently, Funds raised from the issuance of Graphite
NFTs will be primarily used to increase efficiency, responsibility,
and overall graphite production output, add to, and improve the
token holder services. Raised funds will enable ABCLF to employ
more contractors and allow more graphite minerals to be ethically
mined for the investors.
ABOUT THE COMPANIES
ABCLF: ABCLF is a U.S. 501 (c)(3) organization. It funds
for good powers the biggest, boldest, bravest ideas and the next
generation of startups building tech for good. ABCLF invests in
entrepreneurs addressing the biggest challenges in health,
education, agriculture, and the environment, by connecting them
with resources and capital they need to grow and
thrive.
T8 Exchange PTY LTD: T8 Exchange is an Australian
company that owns the T8EX and Trams Dex application, a
decentralized exchange platform that enables existing TiENCHAT
users to trade, swap utilize cryptocurrencies as payment inside the
application. Some of the advantages include a) viewing account fund
information online in real time, b) supporting digital currency
multi-currency scan code payment and transfer, c) supporting
multi-currency online transfer/withdrawal, d) Real-time value of
the digital currency market price, and e) complete decentralized
exchange that anyone with an ERC20 token can be pooled and trade on
this platform within 15 minutes.
Silver Bear Mines Inc: Silver Bear Mines Inc. of
Sherwood Park was founded as an Alberta corporation on April 23,
2010. Silver Bear is actively exploring the Bear property located
110 air-kilometers NE of Yellowknife, NWT. To date approx. 1.2
million tons of drill indicated and inferred mineral resources
hosting high grade Silver and Zinc as well as significant Lead,
Copper and Gold mineralization, a VHMS (SEDEX)
deposit.
Axis Technologies Group, Inc.: Axis Technologies Group,
Inc. (OTCPINK:AXTG)
is a publicly traded holding company focused on the promotion,
development, management and marketing of various aspects of
businesses surrounding all aspects of decentralized finance (DeFi).
Through acquisitions, strategic investments, and its current
investment holdings, AXTG seeks to support, develop and take
advantage of various blockchain and DeFi projects, opportunities
and initiatives. Please visit our site at www.AXTG.us for more
information.
Safe Harbor Statement
This press release may include forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements related to anticipated
revenues, expenses, earnings, operating cash flows, the outlook for
markets, and the demand for products. Forward-looking statements
are no guarantees of future performance and are inherently subject
to uncertainties and other factors which could cause actual results
to differ materially from the forward-looking statements. Such
statements are based upon, among other things, assumptions made by,
and information currently available to, management, including
management's own knowledge and assessment of the Company's industry
and competition. The Company assumes no duty to update its
forward-looking statements.
CONTACT:
Axis Technologies Group, Inc.
ceo@axtg.us
Twitter: @AXTG2021
StockTwits: https://stocktwits.com/symbol/AXTG
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