NEW YORK--(BUSINESS WIRE)--Following the successful launch of the Quube Exchange platform (quube.exchange), Quantum Warriors OU announces a strategic merger with enterprise software developer LevelBlox, Inc. (OTC: LVBX) and a capital raise and share placement that together will establish Quube Exchange as the leading quantum resistant ecosystem for the emerging cryptocurrency and digital asset trade industry.
Quantum Warriors OU, d.b.a. Quube Exchange entered a letter of intent on April 15, 2021, to be acquired through a merger with LevelBlox Inc. Under the intended agreement, LevelBlox will issue shareholders of Quube Exchange 90,400,00 new common stock or 40% of the expanded share capital, expecting to complete simultaneously with the private placement in Q3.
Built on a secure cloud with advanced intelligence and blockchain technology, the Quube Exchange platform provides the first quantum safe ecosystem as a security token fabric and marketplace for the venture capital market.
As an emerging and popular player in the crypto space, the merger with LevelBlox adds a material boost in accelerating the Quube Exchange platform as a world-class offering.
Through this new joint support, the year-long quest by Quube in acquiring a global tokenized securities trade license in the Abu Dhabi Global Market (ADGM) can be completed, while accelerating licensing efforts in Singapore, Hong Kong, and London.
The Quube Quantum Resistant Blockchain Protocol™ (QRP™) is already being considered the "blockchain of the blockchains" with protocol recording logs of everything taking place within STO (Security Token Offering) and Token lifecycle transactions when launched on the Quube Exchange platform.
“We are happy to be announcing this merger and the growth it supports in our longer-term strategy. We have a fully built and running crypto-to-fiat gateway, and now our global licensing efforts will be accelerated, along with increasing trade market liquidity for our thousands of loyal market traders,” comments Anzo "Enzo" Zhemukhov, CEO & Founder of Quube Exchange. “This move also allows us to launch a De-Fi Protocol on Ethereum for NFTs and cryptocurrencies, opening a secondary market to users for a swap of NFTs first, followed by tokenization of other asset types.”
Gary Macleod, LevelBlox's CEO, commented: “This merger represents the expanded use of Blockchain technology for the secure tokenization and trading of assets. The collective strength, knowledge, and market expertise our new team will allow combined development efforts to grow into one of the most trusted, secure, and widely used crypto ecosystems in this sector.”
About Quantum Warriors OU
Quube Exchange provides a quantum-resistant blockchain ecosystem to induce business capitalization through digitization of company stocks and commodity assets; De-Fi Swap Protocol for tokenized assets and NFTs; and secondary market OTC trading of cryptocurrencies.
LevelBlox Inc. (OTC: LVBX) is dedicated to becoming a leader in the convergence of technology and Cannabis. As this industry continues to grow, LevelBlox has become a premier go-to solution for the Cannabis ecosystem for audit, tracking, regulatory, and point of sale requirements.
More information at www.levelblox.com.
This press release may contain certain "forward-looking information (or statements)" within the meaning of applicable securities legislation. All information contained herein not historical in nature may constitute forward-looking information. Quantum Warriors OU and LevelBlox Inc. undertake no obligation to comment analyses, expectations or statements made by third parties in respect of Quantum Warriors OU and LevelBlox Inc., its securities, or financial or operating results (as applicable). Although Quantum Warriors OU and LevelBlox Inc. believe that the expectations reflected in forward-looking statements in this press release are reasonable, such forward-looking statements have been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and subject to numerous risks and uncertainties, certain of which are beyond the control of Quantum Warriors OU and LevelBlox Inc. Forward-looking information contained in this press release is expressly qualified by this cautionary statement and is made as of the date hereof. Quantum Warriors OU and LevelBlox Inc. disclaim any intention and have no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.