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Wednesday, December 1, 2021

Tokens.com Corp (OTCMKTS: SMURF) Major Runner as Crypto Innovator & Miner Acquires Metaverse Group and Reports Q3 Results Coming November 5

Tokens.com Corp (OTCMKTS: SMURF) is making an explosive move up the charts in recent days jumping over the $1 mark and trading several million dollars in dollar volume per day. Currently under heavy accumulation the stock is getting noticed by some big plays in small caps. Investors are anxiously awaiting Q3 results coming on November 5 especially considering the meteoric rise of crypto over the past year. As of June, the Company was holding significant stakes in Rose, Ethereum, Bitcoin, Polkadot and BNB Binance valued at $11,467,031 at the time.  

The Company is making all the right moves recently initiating a private placement led by Stifel GMP at $0.90 per Unit for aggregate gross proceeds of $12.0 million. The offering may be raised to $16 million total. We already know Q3 results will be big considering the meteoric rise of crypto over the past year. During Q3, Tokens.com’s digital asset inventory appreciated by a weighted average of 57.3% and through its staking services, was rewarded with additional tokens equal to a 19.5% annualized return on the original cost of capital deployed into staking. 

​​Tokens.com to Begin Trading on the OTCQB Exchange Under the Ticker Symbol 'SMURF'Tokens.com Corp (OTCMKTS: SMURF) is a publicly traded company that owns an inventory of DeFi and NFT based cryptocurrencies. Through a process called staking, Tokens.com’s inventory of cryptocurrencies is used to earn additional tokens. In addition, Tokens.com co-owns Metaverse Group Ltd., one of the world’s first NFT based, virtual real estate blockchain companies. Through its growing digital asset inventory, Tokens.com provides public market investors with a simple and secure way to gain exposure to cryptocurrencies linked to DeFi and NFTs. Further information can be found on the Company’s website: Tokens.com. 

Investors are anxiously awaiting Q3 results coming on November 5 especially considering the meteoric rise of crypto over the past year. As of June, the Company was holding significant stakes in Rose, Ethereum, Bitcoin, Polkadot and BNB Binance valued at $11,467,031 at the time. SMURF Q2 filings show the Company is virtually debt free with less than $500k in total liabilities and $203,990 in revenues for the quarter. As investors await the Q3 filing we already know there was a significant appreciation in the price of cryptocurrencies owned by Tokens.com since Q2. During Q3, Tokens.com’s digital asset inventory appreciated by a weighted average of 57.3% and through its staking services, was rewarded with additional tokens equal to a 19.5% annualized return on the original cost of capital deployed into staking. 

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Earlier in October SMURF reported it has closed its purchase of a 50% stake in Metaverse Group. Metaverse Group is one of the world’s first virtual NFT based real estate companies and owns an extensive portfolio of virtual NFT real estate properties in major blockchain-based Metaverses including Decentraland, Somnium Space, The Sandbox, Cryptovoxels and Upland. Metaverse Group operates additional services including virtual property development, property management, and assisting companies with marketing and advertising in the Metaverse. Tokens.com issued two million common shares at an issue price of CAD$0.84, valuing the acquisition at CAD$1,680,000, making it one of the highest value equity investments ever in a specialized Metaverse real estate company. Tokens.com received twenty-five million shares of Metaverse Group for its 50% ownership position. 

A metaverse is a 3D online city where people can work, play games and communicate in a virtual environment. Tech firms have implemented metaverse elements in popular games including Animal Crossing, Fortnite and Roblox. Other technology companies such as Microsoft have also embraced the metaverse as the convergence of the virtual and physical world which has only been accelerated with the pandemic. CEO Andrew Kiguel  stated: “The Metaverse is a game-changer for how advertisers and brands market their products. Physical and virtual real estate are extremely similar. As more people congregate in these virtual cities, the land becomes more sought after for its ability to reach a new global demographic. Brands like Adidas1 and Gucci2 are discovering this, as are artists like Snoop Dogg3 and Ariana Grande4.”  

On October 26 SMURF announced it has increased its previously announced private placement led by Stifel GMP on behalf of a syndicate of agents, including PowerOne Capital Markets Ltd, Canaccord Genuity Corp., Eventus Capital Corp., M Partners Inc. and Richardson Wealth Limited where the Company shall be offering for sale units of the Company (each, a “Unit”) at a price of $0.90 per Unit for aggregate gross proceeds of $12.0 million. The Company will grant the Agents an option to increase the size of the Offering by up to an additional $4.0 million, exercisable in whole or in part, at any time and from time to time up to 48 hours prior to the Closing. If the full amount of the Agents’ Option is exercised, the aggregate gross proceeds of the Offering will be approximately $16.0 million. 

The net proceeds from the Offering are expected to be used for making investments in cryptocurrencies to be used for staking, investments in the Company’s 50% subsidiary, Metaverse Group Ltd., and for working capital and general corporate purposes. The Offering is scheduled to close on or about November 16, 2021. Closing is subject to certain conditions, including the receipt of all necessary regulatory and other approvals, including the approval of the NEO Exchange. 

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Tokens.com Corp (OTCMKTS: SMURF) is making an explosive move up the charts in recent days jumping over the $1 mark and trading several million dollars in dollar volume per day. Currently under heavy accumulation the stock is getting noticed by some big plays in small caps. Investors are anxiously awaiting Q3 results coming on November 5 especially considering the meteoric rise of crypto over the past year. As of June, the Company was holding significant stakes in Rose, Ethereum, Bitcoin, Polkadot and BNB Binance valued at $11,467,031 at the time.  The Company is making all the right moves recently initiating a private placement led by Stifel GMP at $0.90 per Unit for aggregate gross proceeds of $12.0 million. The offering may be raised to $16 million total. We already know Q3 results will be big considering the meteoric rise of crypto over the past year. During Q3, Tokens.com’s digital asset inventory appreciated by a weighted average of 57.3% and through its staking services, was rewarded with additional tokens equal to a 19.5% annualized return on the original cost of capital deployed into staking. We will be updating on SMURF when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with SMURF.

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Disclosure: we hold no position in SMURF either long or short and we have not been compensated for this article.

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