Token Holders will get a share in the income generated from the tokenization of Real Estate Property
CHICAGO, May 11, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire - Epazz Inc. (OTC Pink: EPAZ), a mission-critical provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, announced today that CryObo Project in UAE which uses solar power technology to convert sunlight into Bitcoin will be tokenizing the project allowing token holders to share in the income generated from the bitcoin mining operations.
The company is working with experts who have succeeded in other similar projects in the past. The proceeds from the tokens will be used to complete the land acquisition and to build out the facilities in Dubai, UAE.
CryObo real estate tokenization will allow real estate developers to raise capital at better terms and let the token holder raise appraisals of the tokens and earned income. It provides the opportunity to match public market demand by reaching commercial real estate companies, asset managers, private investors, investment funds, financial consultants, banking institutions, and more. Token holders will get a share in the income generated. The Epazz CryObo technology will be using Solar power for sustainable Bitcoin mining and NFT tokens for real estate tokenization. The company is creating a cooling technology to control the underground servers' temperature.
Shaun Passley, Ph.D., Epazz Inc. CEO, and Chairman, said, "We anticipate the taking off of the CryObo technology in midyear and Dubai as the pilot City to implement the real estate tokenization system."
About CryObo Inc.
CryObo Inc. will be enhancing its software to give early access to companies backed by tangible assets an easy way to access the token markets. The company's platform will change how people transact real estate, digital assets, corps, and raw materials by allowing companies to access the future value of their assets. The growth of Bitcoin and other cryptocurrencies is bringing new regulations for large financial service companies, which will require a smart solution to manage their growing portfolios.
About Epazz Inc. (www.epazz.com)
Epazz Inc. is a leading cloud-based software company specializing in providing customized cloud applications to the corporate world, higher-education institutions, and the public sector. Epazz BoxesOS v3.0 is the complete business web-based software package for small to midsize businesses, Fortune 500 enterprises, government agencies, and higher education institutions. BoxesOS provides a combination of many web-based applications that an organization would otherwise need to purchase separately. Epazz's other products are DeskFlex (room scheduling software) and Provitrac (applicant-tracking system).
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