(TheNewswire)
Vancouver, British Columbia - TheNewswire - September 23 , 2021 - Cloud Nine Web3 Technologies Inc. (C NSX :CNI. CN ) (OTC:CLGUF) (FRANKFURT:1JI0)( “ Cloud Nine ” or the “ Company ”), aleading decentralized network and data storage technology company,announces the initial release of its recently acquired "LimitlessPlatform".
The Limitless Platform is a hybrid distributed networkdesigned to share the resources of its users. The initial product is avirtual private network (VPN), where users trade their unusedcomputing power for access to secure internet access and betterprivacy. Versions for most common devices such as, Windows, Mac,Mobile and later Xbox/common network storage devices such as SynologyNAS, are anticipated to be available in the coming days, and theCompany encourages users to try out the platform and provide feedback.After an initial startup period or “ calibration ”, the Company intends toreward/compensate users for sharing resources with the platformthrough discounted service offerings such as data storage services.The rewards or discounts for users will be determined at a later timeafter the initial launch, and after feedback has been received. Thiscomputational power could be used for a variety of use cases includingnetwork and storage sharing, proof of stake cryptocurrency mining,movie rendering and content delivery networks.
Infrastructure is one of the largest expenses of asoftware as a service company or a cloud provider. By democratizing itfor the users, management believes it will save money for the Companyand for the platform’s users.
Following user feedback and further upgrades, CloudNine intends to develop additional features for the Limitless Platformincluding a referral network (receive residuals for growing theplatform), and to allow users to trade networking (peer to peer) anddecentralized storage.
Sefton Finch am, President,commented, “ I amtremendously excited with the extensive and successful completion ofthe beta testing and the launch of the VPN. The Limitless VPN providesusers with private and secure internet access, while at the same timeutilizes each user ’ scomputing device to mine various cryptocurrencies. Blockchain enablesthe automation of trust, and the decentralization of data. As we buildout the user base and network, we intend to launch additional servicesand technologies such as decentralized and private data storageofferings. ”
Limitless VPN
The Limitless VPN is a proprietary VPN (Virtual PrivateNetwork) which allows end users free access to personal internetprivacy software in exchange for limited use of the user’sbackground system resources as outlined in the terms and servicesagreement of the VPN. Unlike traditional professional grade “PaidVPNs” which charge a monthly fee in order to generate revenue, theLimitless VPN platform borrows existing computational power of theuser and then can use it for specific business purposes such asdecentralized data storage. To download the Limitless VPN, pleasevisit www. limitlessvpn.com
On Behalf of the Board,
C LOUD NINE WEB3 TECHNOLOGIESINC.
About Cloud Nine Web3Technologies Inc.
CloudNine is a diversified technology company focused on leveraging itsproprietary Web 3.0 technology products to enable the decentralized movement among consumersand business alike. Management believes the Web 3.0 promotes a sustainable world where decentralizedusers and machines are able to interact with data, value and othercounterparties via a substrate of peer-to-peer networks without theneed for third parties, thereby creating many benefits such as givingeach user control and ownership of personal and corporatedata.
For furtherinformation, please contact:
Paul Searle
CorporateCommunications
Citygate CapitalCorp
Phone: (778)240-7724
psearle@citygatecap.com
Neither the Exchangenor its regulation services provider accepts responsibility for theadequacy of accuracy of this release. No stock exchange, securitiescommission or other regulatory authority has approved or disapprovedthe information contain herein.
Forward-LookingStatements
Certain statements in this press releaseare forward-looking statements and are prospective in nature.Forward-looking statements are not based on historical facts, butrather on current expectations and projections about future events,and are therefore subject to risks and uncertainties which could causeactual results to differ materially from the future results expressedor implied by the forward-looking statements. These statementsgenerally can be identified by the use of forward-looking words suchas “may”, “should”, “will”, “could”,“ intend ”,“estimate”, “plan”, “ anticipate ”,“expect”, “believe” or “ continue ”, orthe negative thereof or similar variations. Forward-looking statementsin this news release include statements regarding: the development ofthe Limitless Platform and the expected outcomes and benefits; theability to enter the market sooner than anticipated; the potential forthe Company’s products and services; the Company’s ability to addadditional features to the Limitless Platform; and the Company’spursuit of emerging technology products and Web3 opportunities on aglobal scale, the use cases for the computational power. Factors thatcould cause actual results to differ materially from those inforward-looking statements include: the continued availability ofcapital and financing; failure to obtain any approvals, permits andlicenses required to operate the business; the impact of technologychanges on the industry; competition; increase in operating costs;litigation; loss of key employees, consultants and directors; securitythreats; failure to develop new and innovative products and services;failure of counterparties to perform their obligations; the impact ofthe Covid-19 pandemic on the Company’s ability to operate and hirepersonnel; and adverse general economic, market or businessconditions. Such statements and information are based on numerousassumptions regarding present and future business strategies and theenvironment in which the Company will operate in the future, includingthe demand for its products and services, the ability to successfullydevelop software, that there will be no regulation or law that willprevent the Company from operating its business, anticipated costs,and the ability to secure sufficient capital to complete its businessplans. Given these risks, uncertainties and assumptions, you shouldnot place undue reliance on these forward-looking statements. Suchforward-looking statements should therefore be construed in light ofsuch factors, and, except as required by applicable law, the Companyis not under any obligation, and expressly disclaims any intention orobligation, to update or revise any forward-looking statements,whether as a result of new information, future events orotherwise.
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