ST. CHARLES, Mo., March 31, 2022 /PRNewswire/ – Crypto World, the first of its kind brick and mortar store that provides crypto education, mining, and staking, announced today the launch of a crowdfunding campaign on Wefunder on April 5th, 2022 to raise the necessary capital in order to open new locations and expand their mining & staking pools. Ryan from Wefunder said, “Crypto is a hot industry right now, this will be one of the hottest companies to invest in. They are first to market and they have a great business model.”
Crypto World has chosen Wefunder, a popular crowdfunding platform with over a million angel investors, in order to raise up to $5 million on SEC Regulation CF, also known as crowdfunding. The regulation is part of the previously enacted JOBS Act, providing a viable alternative around the previous “accredited investor” limitation that kept smaller investors and entrepreneurs from making investments in startups and private companies.
Crypto World founder Jeff Wade said, “Our business model is simple; people come to Crypto World because we offer trust and confidence. They come to learn, get help, and also network with others in the crypto community. We have free weekly events, like Crypto Over Coffee in the mornings and Bitcoin Over Beer in the evenings, where speakers come to talk about relevant crypto topics. Beyond that, we sell, service, and manage mining equipment & we also have staking pools where you can stake your tokens.”
Opened on Aug 24, 2021 and defying the odds, as brick and mortar stores are on the decline, Crypto World opened up during COVID to help educate the community on everything crypto. “The idea of a crypto brick and mortar store that focuses on mining, staking and education was a new concept. There was nothing else like it anywhere in the world, so I decided to build it myself,” said Jeff Wade. The company’s mission is to educate the crypto community, but revenue mostly comes from selling mining equipment, hosting miners, and our staking pools which combined is a $26 billion industry with projections of $70+ billion by 2025. Crypto World also sells crypto merchandise like branded caps, t-shirts, hardware wallets, art work, pillows and much more. They also have Bitcoin ATM’s in the store. Wade intends to accelerate the mass adoption of crypto by opening brick-and-mortar stores in cities all over the world in an effort to give everyone an opportunity to learn, understand, and embrace the emerging and exciting world of cryptos.
With a minimum investment of only $100, Crypto World is offering equity to virtually anybody who shares their excitement and passion for crypto on their launch date April 5th 2022. Because of popularity, they are offering a VIP option for $5 which gives investors 48 hours before the Wefunder campaign goes live. The Wefunder raise will be set up as a popular silicon valley startup strategy called SAFE, Simple Agreement for Future Equity. This is common if a startup plans on doing a series A raise or IPO. Since it’s difficult to properly valuate a startup, the SAFE has made it possible for investors to connect with very early-stage startups that have big promise.
Jeff Wade believes that the ethos of crypto itself is being inclusive not exclusive. That is the reason the he decided to do a crowdfunding campaign instead of working directly with a VC. He wants hundreds of people to benefit when Crypto World goes for IPO. Wade says, “We want the community to invest in us, root for us, and profit with us. That is why you should participate in our Wefunder campaign.”