Barron Energy Inc. is proud to announce a Special Purpose Acquisition Company Token (SPACT™) launch.
September 21, 2021 —
Barron Energy Inc. is proud to announce a Special Purpose Acquisition Company Token (SPACT™) launch. In addition, Barron Energy Corporation will issue "BARR Token," a security token backed by Barron Petroleum LLC with over 2 billion in Assets.
The SPACT™ will mainly acquire liquid assets, such as publicly traded companies with M&A potential, Oil & Gas, Blockchain, and AI Technology. Renewable Energy and development. Security Token Offering will create a fully trackable and unencumbered worldwide movement of digital currency.
Traditional SPACs have almost exclusively been offered to well-connected institutional investors, Wall Street, and the world of private equity and hedge funds," said Barron Energy President Roger Sahota. "Our Defi Technology will offer everyday investors from all over the world transparent and equitable access to our SPACT™ through our platform. Moreover, through our technology partner Qubit Exchange and QGDefi, we will provide a global solution for issuers and investors. Thus, we are democratizing capital markets at scale through the use of technology."
Forbes Magazine recently stated that blockchain started as a transactional platform for cryptocurrencies (such as Bitcoin). Industries such as healthcare, banking, and insurance are showing signs of adopting a decentralized ledger that would remove transactional fees and essentially save tens of billions of dollars for each respective industry.
Barron Energy COO said, "Global industries are rapidly adopting blockchain technology. BARR Token is to apply the same principles that banking giants such as JP Morgan & Chase, who recently launched JPMCoin and are now implementing to another critical global industry, but we are focused on the oil and energy business.
About Barron Energy Corp.
BARRON has created a 4 billion dollar portfolio and developed, acquired real estate, and deployed energy technologies through acquisitions. Barron Petroleum owns and operates over 250 oil and gas wells in Texas. Additionally, Barron owns over 40,000 acres of oil and gas properties located in Texas's Permian Basin & Fort Worth Basin. From 2017 to 2020, Barron has invested over 200 million dollars of its own money in acquiring oil and gas properties and in drilling discovery wells to discover and prove new oil & gas fields in Texas.
Release ID: 89046426