Thank you for subscribing!

Finally, a Fully Insured Crypto Assets Platform

Focusing on safety, security, and sustainability

Majic Wheels Corp. (OTCPINK: MJWL) is a Delaware Corporation positioning itself as a major player in the fintech and software development space, via acquisitions and mergers of synergistic opportunities. 

Among its subsidiaries is the cryptocurrency exchange CGCX Ltd., unique within the industry for offering insured custody services. Majic Wheels is pursuing further opportunities to increase its footprint in the fintech market, but will mostly be focusing on the status and potential of CGCX.

https://www.youtube.com/watch?v=w6nAwbMlol4&t=702s

Growing Like Majic

Growing Market The fintech/digital currency space is absolutely exploding. According to Toptal Finance, the global fintech market was worth $127.66B in 2018, with an estimated CAGR of 25% through 2022, to $309.98B. In addition, the crypto market as a whole was valued at $1.49B in 2020 and is projected to reach USD $4.94B by 2030, growing at a CAGR of 12.8% from 2021 to 2030.

Highly Scalable Tech The CGCX iChain is designed to be a complete platform for launching interoperable blockchains and offers significant transparency, security, scalability, performance, and low/no gas fees. It provides one of the largest blockchain-based operating systems and offers public blockchain support of high throughput, high scalability, and high availability for all Decentralized Applications (DApps) on the CGCX iChain ecosystem. This gives Majic Wheels a huge edge in the blockchain game. 

Cleaner and Cheaper The CGCX mining arm is focused on sustainability. Its Ether operation has a planned capacity in Q4 2021 for 500 mining rigs with 12 GPUs per rig for a total of 6,000 GPUs. Its hash rate will be approximately 402,000 MH/s for less than 1 MWh power usage. The average mining cost for hosting services, electricity, data centre management, and hosting related expenditure will be $0.07 per kWh, and the datacenter will be partly powered with renewable energy (solar), with a target for a carbon neutral footprint of more than 50%. The same approach is being used for its Bitcoin mining operation, with a focus on keeping cost and environmental impact low. 

Solid Projections CGCX earned $5.2M in 2020, $5.1M in the first six months of 2021, and it projects sustaining that growth trajectory, reaching $840.6M by 2024. We’ll break that down further in a bit.

Have Wheels, Will Travel

The entire fintech/crypto space is still relatively young, and growing like a weed. If it wasn’t evident in 2020, it should be clear now that the future of finance lies in digital exchanges, crypto mining, smart contracts, and basically all things decentralized. 

One of the biggest roadblocks preventing many from taking the crypto plunge, is the lack of perceived security. Specifically, the lack of any type of insurance. 

Thankfully, Majic Wheels is removing those roadblocks with the acquisition of CGCX, the first insured hybrid exchange on the public market. Now investors can acquire exposure in the world’s hottest markets, with higher levels of security and risk mitigation. 

So let’s talk a little bit about CGCX and why it’s going to be the catalyst that launches Majic Wheels into the stratosphere of fintech… or at least helps it get on NASDAQ.

CGCX Exchange is a unique exchange, not only because the platform is insured, but because it integrates multiple platforms into one, to deliver multiple services to its customers. It offers crypto exchange, smart contracts, an ICO platform, and merchant solutions. All in one. 

So why is CGCX so good for Majic Wheel’s bottom line? Apart from its position as an all-in-one exchange platform, it’s already bringing in revenue through its three business lines, with a solid plan to scale. 


The Exchange

Offers traders the 1st insured crypto exchange (woot, woot!), along with a plethora of other services. The exchange averages $35.49M in daily volume, taking between 0.2% and 0.25% on retail accounts. This is just one of the ways CGCX is creating revenue, but as the exchange grows, so too will its revenue. The exchange also includes its own token, which has low gas and other utility within the platform. 

Custody 

The CGCX custody solution was purpose built for institutions to safeguard their digital assets with the highest level of security and compliance standards. It is built with military grade, tamper proof security hardware devices to ensure safety.  

To generate revenue from this business line, CGCX takes 0.5% of the value of the AUM which is primarily a mix of BTC, ETH and USDT, as well as other native tokens. At the time of this writing, it had $50M total AUM. 

Mining

Cheaper and cleaner. That’s the name of the game in crypto mining, and CGCX has a solid plan to ensure it stays ahead. 

The CGCX Cryptocurrency Mining operations involve mining several different cryptocurrencies at once. Phase One will focus heavily on ETH mining, relying on Ethash and Etchash algorithms. CGCX’s ETH mining operations are scheduled to begin in the fourth quarter of 2021 and reach full scale by the second quarter of 2022. These efforts include a facility that runs partially on solar power, to help reduce environmental impact. 

The same level of detail is being applied to its Bitcoin mining project in Malaysia; reducing energy consumption through solar power, while also decreasing the cost to produce coin. It is a workable strategy that will provide extra revenue, while also increasing CGCX’s social clout. 

Revenue!

Okay, now that you know a little about the exchange itself, and why Majic Wheels is making a great move with its acquisition, let’s see just how valuable this move really could be. 

CGCX plans on generating the majority of its revenue from trading fees and mining–46% and 41%, respectively, with the rest (13%) coming from custody solutions. But how does that mix play out? According to CGCX’s projections, quite well indeed. 

Keep in mind that CGCX is already generating millions in revenue. $5.2M in all of 2020, growing to $5.1M within the first six months of 2021. CGCX predicts even more dramatic growth in the future.

Pretty impressive. We’ll see if CGCX can grow as quickly as it projects, but if we know anything about crypto, it’s that anything is possible. 

More than an exchange 

Majic Wheels is moving into a prime position as a big player in the fintech space. CGCX is absolutely a big acquisition, as it is already generating revenue in a growing industry, with all the tools to grow at its projected rate. 

But that isn’t the only reason you should consider Majic Wheels for your next investment in fintech. 

It recently announced an LOI to acquire, PCEX, an Indian exchange transforming the b2b crypto landscape. Majic Wheels has also announced an LOI to acquire Bamboo Wellness, a company aiming to bring health insurance to all. 

Majic recently signed an investment banking agreement to the tune of $50M, in order to continue pursuing opportunities that would bolster its position and help its other businesses grow. 

“As we keep growing the Company through the organic growth of our existing business lines and the acquisition of synergistic value adding candidates, our Company will be well advised by the extensive experience of Donald Capital’s team. This is another step towards our NASDAQ up listing goal. Institutional backing is essential to a successful up list and we feel this step represents another milestone in the NASDAQ direction” said David Chong, Chief Executive Officer of Majic Wheels Corp. in a recent press release. 

So be on the lookout for an upcoming up listing. Majic Wheels is an opportunity to invest in a growing force in the quickly growing fintech/crypto space, and it won’t remain on OTC for long. If you’re looking for a company that’s about to make a leap, this is one of them.

 

Recent Press Releases


Leadership (Majic and CGCX)

 

 

 

 

 

 

 

 

 

 

 

 

 

DISCLAIMER

Who are we and what do we do? We are paid advertisers, also known as stock touts or stock promoters, who disseminate favorable information (the “Information”) about publicly traded companies (the “Profiled Issuers”). How is the Information published? We publish the Information on our Website, in newsletters, audio services, live interviews, featured “research” reports, on message boards and in email communications for specific time periods that are agreed upon between us and the Profiled Issuer or third party paying us. Our publication of the Information is known as a “Campaign”. Will everyone receive the Information at the same time? No. The Information may be sent to potential investors at different times that are minutes, hours, days or even weeks apart. How is a potential investor impacted if he receives the Information later than other investors? Typically, the trading volume and price of a Profiled Issuer’s securities increases after the Information is provided to the first group of investors. Therefore, the later an investor receives the Information, the more likely it is that he will suffer increased trading losses if he purchases the securities of a Profiled Issuer. What will happen to the shares that we hold during the Campaign? We will sell the shares we hold while we tell investors to purchase during the Campaign. What will happen when the Campaign ends? Most, if not all, of the Profiled Issuers are penny stocks that are illiquid and whose securities are subject to wide fluctuations in trading price and volume. During the Campaign the trading volume and price of the securities of each Profiled Issuer will likely increase significantly. When the Campaign ends, the volume and price of the Profiled Issuer will likely decrease dramatically. As a result, investors who purchase during the Campaign and hold shares of the Profiled Issuer when the Campaign ends will probably lose most, if not all, of their investment. Why do we publish only favorable Information? We only publish favorable information because we are compensated to publish only favorable information. Why don’t we publish negative Information? We don’t publish negative information because we are not paid to publish negative information. We are paid to publish only favorable information. Is the Information complete, accurate, truthful or reliable? No. The Information is a snapshot that provides only positive information about the Profiled Issuers. The Information consists of only positive content. We do not and will not publish any negative information about the Profiled Issuers; accordingly, investors should consider the Information to be one-sided and not balanced, complete, accurate, truthful or reliable. What we do not do? We do not publish negative information about the Profiled Issuers. We do not verify or confirm any portion of the Information. We do not conduct any due diligence, nor do we research any aspect of the Information including the completeness, accuracy, truthfulness or reliability of the Information. We do not review the Profiled Issuers’ financial condition, operations, business model, management or risks involved in the Profiled Issuer’s business or an investment in a Profiled Issuer’s securities. Where does the Information come from? The Information is provided to us by the Profiled Issuers and/or the person who hires us. We may also obtain the Information from publicly available sources such as the OTC Markets, Google, NASDAQ, NYSE, the Securities and Exchange Commission’s Edgar database or other available public sources. If we say we make “stock picks,” are those picks our own? No, they are not. We are compensated to advertise the securities we are told to advertise. What will happen if an investor relies on the Information? If an investor relies on the Information in making an investment decision it is highly probable that the investor will lose most, if not all, of his or her investment. Investors should not rely on the Information to make an investment decision. Who pays us to publish the Information? The source of our compensation varies depending upon the particular circumstances of the Campaign. We are compensated by the Profiled Issuers, third party shareholders and other parties related to the Profiled Issuers such as officers and/or directors who will derive a financial or other benefit from an increase in the trading price and/or volume of a Profiled Issuer’s securities. The nature and amount of compensation we receive for publishing the Information about each Profiled Issuer and our ownership of each Profiled Issuer is set forth below under the heading captioned, “What we are compensated”. What warranties do we make about the Information? None. We make no warranty or representation about the Information, including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable and as such, your use of the Information is at your own risk. The Information is provided as is without limitation. What we are not. We are not and do not act in the capacity of any of the following; as such, you should not construe our activities as involving any of the following:
  • An independent adviser or consultant;
  • A fortune teller;
  • An investment adviser or an entity engaging in activities that would be deemed to be providing investment advice that requires registration either at the federal or state level;
  • A broker-dealer or an individual acting in the capacity of a registered representative or broker;
  • A stock picker;
  • A securities trading expert;
  • A securities researcher or analyst;
  • A financial planner or one who engages in financial planning;
  • A provider of stock recommendations;
  • A provider of advice about buy, sell or hold recommendations as to specific securities; or
  • An agent offering or securities for sale or soliciting their purchase.
Are risks in this disclaimer the only risks investors should be aware of? No. There are numerous risks associated with each Profiled Issuer and investors should undertake a full review of each Profiled Issuer with the assistance of their financial, legal, and tax advisers prior to purchasing the securities of any Profiled Issuer. What conflicts of interest do we have in publishing the Information? We are not objective or independent and have multiple conflicts of interest. The Profiled Issuers and parties hiring us have conflicts of interest. What will happen to the shares that we hold during the Campaign? We will sell the shares we hold while we tell investors to purchase. Our publication of the Information involves actual and material conflicts of interest including but not limited to the following:
  • We receive monetary and/or securities compensation in exchange for publishing the (favorable) Information about the Profiled Issuers;
  • We do not publish any negative information whatsoever about the Profiled Issuers;
  • We may own a Profiled Issuer’s securities that we acquired from the Profiled Issuer, third parties or from our own open market purchases before, during or after the Campaign and we may sell these securities during the Campaign while publishing the (favorable) information that instructs investors to purchase. Our selling of a Profiled Issuer’s securities will likely cause investors to suffer losses;
  • A short time after we acquire a Profiled Issuer’s securities, we may publish the (favorable) Information about the Profiled Issuer advising others, including you, to purchase; and while doing so, we may sell the Profiled Issuer’s securities we acquired during our public dissemination of the Information causing us to profit while you suffer a loss;
  • Parties holding a Profiled Issuer’s securities, including those who engage our services and/or compensate us, will sell their shares of the Profiled Issuer while we are publishing the (favorable) Information.
Who is responsible if an investor relies on the Information? The investor. We are not responsible or liable for any person’s use of the Information or any success or failure that is directly or indirectly related to such person’s use of the Information because we have specifically stated that the information is not reliable and should not be relied upon for any purpose. We are not responsible for omissions or errors in the Information, and we are not responsible for actions taken by any person who relies upon the Information. What do we urge potential investors to do? We urge Investors to conduct their own in-depth investigation of the Profiled Issuers with the assistance of their legal, tax and investment advisers. An investor’s review of the Information should include but not be limited to the Profiled Issuer’s financial condition, operations, management, products or services, trends in the industry and risks that may be material to the profiled Issuer’s business and other information he and his advisers deem material to an investment decision. An investor’s review should include, but not be limited to a review of available public sources and information received directly from the Profiled Issuers or from websites such as Google, OTC Markets, NASDAQ, NYSE, www.sec.gov or other available public sources. Why is this Disclaimer being provided? We are providing you with this disclaimer because we are publishing advertisements about penny stocks. Because we are paid to disseminate the Information to the public about securities, we are required by the securities laws including Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 thereunder, and Section 17(b) of the Securities Act of 1933, as amended (the “Securities Act”), to specifically disclose our compensation as well as other important information, This information includes that we may hold, as well as purchase and sell, the securities of a Profiled Issuer before, during and after we publish favorable Information about the Profiled Issuer. We may urge investors to purchase the securities of a Profiled Issuer while we sell our own shares. The anti-fraud provisions of federal and state securities laws require us to inform you that we may engage in buying and selling of Profiled Issuer’s securities before, during and after the Campaigns. What are other risks that investors should be aware of? Any investment in the Profiled Issuers involves a high degree of risk and uncertainty. The securities may be subject to extreme volume and price volatility, especially during the Campaigns. Favorable past performance of a Profiled Issuer does not guarantee future results. If you purchase the securities of the Profiled Issuers, you should be prepared to lose your entire investment. Some of the risks involved in purchasing securities of the Profiled Issuers include, but are not limited to the risks stated below.
  • We do not endorse, independently verify or assert the truthfulness, completeness, accuracy or reliability of the Information. We conduct no due diligence or investigation whatsoever of the Information or the Profiled Issuers and we do not receive any verification from the Profiled Issuer regarding the Information we disseminate.
  • If we publish any percentage gain of a Profiled Issuer from the previous day close in the Information, it is not and should not be construed as an indication that the future stock price or future operational results will reflect gains or otherwise prove to be advantageous to your investment.
  • The Information may contain statements asserting that a Profiled Issuer’s stock price has increased over a certain period of time which may reflect an arbitrary period of time, and is not predictive or of any analytical quality; as such, you should not rely upon the (favorable) Information in your analysis of the present or future potential of a Profiled Issuer or its securities.
  • The Information should not be interpreted in any way, shape, form or manner whatsoever as an indication of the Profiled Issuer’s future stock price or future financial performance.
  • You may encounter difficulties determining what, if any, portions of the Information are material or non-material, making it all the more imperative that you conduct your own independent investigation of the Profiled Issuer and its securities with the assistance of your legal, tax and financial advisor.
  • We or other stock promoters may receive free trading shares as compensation or we may acquire such shares in open market transactions before and during the Campaigns, and we may sell the shares we acquire at any time, even during the Campaigns while publishing the Favorable Information. When we sell the shares of the Profiled Issuers that we hold, the price at which investors can sell their shares will dramatically decrease and will likely cause investors to suffer trading losses.
  • We may sell securities of the Profiled Issuers for less than target prices set forth in the Information, and we may profit by selling our securities during the Campaigns while investors encounter losses.
  • When we acquire, purchase or sell the securities of the Profiled Issuers, it may (a) cause significant volatility in the Profiled Issuer’s securities; (b) cause temporary but unrealistic increases in volume and price of the Profiled Issuer’s securities; (c) if selling, cause the Profiled Issuer’s stock price to decline dramatically; and (d) permit us to make substantial profits while investors who purchase during the Campaign experience significant losses.
  • The securities of the Profiled Issuers are high risk, unstable, unpredictable and illiquid which may make it difficult for investors to sell their securities of the Profiled Issuers.
  • If we are compensated in improperly free trading securities of the Profiled Issuers, either directly or indirectly from persons who claim to be non-affiliates of such Profiled Issuer, we and the Profiled Issuer or third party could be subject to SEC Enforcement Action, including allegations of an illegal distribution in violation of Section 5(a) and 5(c) of the Securities Act.
  • We may hire third party service providers and stock promoters to electronically disseminate live news regarding the Profiled Issuers, yet we have no control over the content of and do not verify the information that the Profiled Issuers and/or third party service providers publish. These third party service providers are likely compensated for providing positive information about the Issuer and fail to disclose their compensation to you.
If a Profiled Issuer is an SEC reporting company, it could be delinquent (not current) in its periodic reporting obligations (i.e., in its quarterly and annual reports), or if it is an OTC Markets Pink Sheet quoted company, it may be delinquent in its Pink Sheet reporting obligations, which may result in OTC Markets posting a negative legend pertaining to the Profiled Issuer at www.otcmarkets.com, as follows: (i) “Limited Information” for companies with financial reporting problems, economic distress, or that are unwilling to file required reports with the Pink Sheets; (ii) “No Information,” which characterizes companies that are unable or unwilling to provide any disclosure to the public markets, to the SEC or the Pink Sheets; and (iii) “Caveat Emptor,” signifying buyers should be aware that there is a public interest concern associated with a company’s illegal spam campaign, questionable stock promotion, known investigation of a company’s fraudulent activity or its insiders, regulatory suspensions or disruptive corporate actions. If the Information states that a Profiled Issuer’s securities are consistent with the future economic trends or even if your independent research indicates that, you should be aware that economic trends have their own limitations, including: (a) that economic trends or predictions may be speculative; (b) consumers, producers, investors, borrowers, lenders and government may react in unforeseen ways and be affected by behavioral biases that we are unable to predict; (c) human and social factors may outweigh future economic trends that we state may or will occur; (d) clear cut economic predictions have their limitations in that they do not account for the fundamental uncertainty in economic life, as well as ordinary life; (e) economic trends may be disrupted by sudden jumps, disruptions or other factors that are not accounted for in economic trends analysis; in other words, past or present data predicting future economic trends may become irrelevant in light of new circumstances and situations in which uncertainty becomes reality rather than predicted economic outcome; or (f) if the trend predicted involves a single result, it ignores other scenarios that may be crucial to make a decision in the event of unknown contingencies. The Information is presented only as a brief snapshot of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities. You should consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.govwww.sec.gov, www.otcmarkets.com or other electronic media, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the OTCMarkets.com; (c) obtaining and reviewing publicly available information contained in commonly known search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.org. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and the OTC Markets and/or have negative legends and designations at otcmarkets.com. What we were paid to advertise the Profiled Issuers. The details of our compensation and the period of the Campaign is set forth below.
  • Name of Issuer & Ticker Symbol - Majic Wheels Corp. (MJWL)
  • Amount & Form of Compensation - $2,000,000.00 in Restricted Common Stock
  • Who Paid for the Campaign & Position with Company if any - Majic Wheels Corp. (MJWL)
  • Period of Campaign - 10/7/2021 - 10/7/2022
What securities of the Profiled Issuers do we hold? The positions we hold of the Profiled Issuer are set forth below. We plan to sell these securities during the Campaign.
  • Name of Issuer & Ticker Symbol - Majic Wheels Corp. (MJWL)
  • Number of Shares We or our Affiliates Hold - 22,222,222
  • Price We Paid Per Share - $0
  • Date Issued - 0/7/2021

Related Post

Register to Download Presentation

Go to website

Join the club

Subscribe to this newsletter

This email is already subscribed.

Go to top