- Aziza Project’s security token offering permits token holders to share in company profits
- Aziza Project has an investment in Africa New Energies
- Its security token value comes from the value of assets held by the Aziza Project in Namibia
Aziza Project LLC offers cyber tokens backed by assets and invests in early-stage oil and gas exploration operations in the underdeveloped regions of Southern Africa. Its initial investment is a 20 percent stake in Africa New Energies (“ANE”). ANE is preparing to drill wells on a Montana-sized portion of Namibia. Aziza Project owns 20 percent of ANE. London-based Aziza Project is working to raise $60 million to complete a 10-well drilling program. It is doing so via the sale of Aziza Coin tokens, which it offered through a security token offering in October 2018 (http://nnw.fm/WTn7Y).
Crypto tokens are used to represent digital assets that are fungible (mutually interchangeable) and tradeable. These tokens are often hosted by another platform, such as the Ethereum blockchain, instead of…
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