Crypto media and research company Cryptonary had acquired the shares of its previous co-founders, who became silent partners when the company changed its name in 2019. The valuation and buyout details were not disclosed, but this event marks an important milestone. The Cryptonary team answers some of the most frequently asked questions about the takeover and Cryptonary’s vision in this press release.
LONDON, April 29, 2022 /PRNewswire-PRWeb/ — cryptor acquired the shares of its previous co-founders, who became silent partners when the company was rebranded in 2019. The valuation and details of the takeover were not disclosed, but the event marks an important milestone.
In this press release, the Cryptonary team answers some of the most frequently asked questions about Cryptonary’s takeover and vision.
Why did Cryptonary decide to buy out its shareholders?
The buyout will help gain full control, introduce benefits, provide more robust expansion options, and help grow from a good to a great business.
How will the takeover benefit the company in the long term?
When a company like Cryptonary grows so quickly (152x in the last 24 months), it quickly becomes apparent that people have different visions of what they want for the company.
The recent shareholder buyout will increase the team’s confidence and allow an easier path to develop Cryptonary’s vision of helping bring 1 billion users into crypto.
Is Cryptonary profitable right now and what are the long-term prospects?
The company is on track for its third profitable year and has been the target of takeover talks on several occasions.
A large percentage of the staff team is young and successful; they are excited about where the company is ten years from now.
What is cryptocurrency?
Cryptonary is a cryptocurrency-focused media company that offers in-house crypto research, news and podcasts, and educational videos to help consumers understand the cryptocurrency market. The company generates revenue by charging a monthly fee for access to its research. The company is on track for its third profitable year.
“Crypto is very complex, and it’s coming to replace the boring TradFi boomer system. Our goal is to help move this industry forward; we can only do that when the whole team is aligned.” Karim Abuzeineh, co-founder.
Surprisingly, the company started as a instagram page in 2017. Nonetheless, with a name change in 2019, it became a more serious media organization that flourished immensely due to the crypto boom in 2021. Its workforce grew from three to forty-five employees, and the The company currently has its live events and NFT project on the Solana blockchain, with plans to launch its app in the second quarter of 2022.
Stan ColenbranderCryptonary, 31 +31636215976, [email protected]