Gulf Energy Development Public Company Limited (GULF) revealed that on January 17, 2022, Gulf Innova Company Limited (Gulf Innova), a subsidiary in which GULF holds 100 shares % has signed a memorandum of cooperation with Binance to jointly develop the Digital Asset Exchange business in Thailand and other related businesses.
On April 13, 2022, Gulf Innova entered into a shareholder agreement. (Shareholders’Agreement) with Binance Capital Management Co., Ltd. with the objective of establishing a joint venture company to operate a digital asset trading center in Thailand. After the joint venture company has been established, it will continue to apply for a digital asset exchange license and other licenses with relevant agencies.
It has also been invested in the digital currency BNB. BNB Chain, the native cryptocurrency of Binance’s BNB Chain Ecosystem, is used as a utility token to run applications on the BNB Chain, the world’s largest blockchain by number of users. (Active Users) with low fees and the ability to handle transactions quickly. As a result, the number of transactions via BNB Chain has grown exponentially. Leading to the demand (demand) use of the BNB currency continues to increase.
The company believes that the multi-level cooperation with Binance, the global leader in Blockchain Infrastructure technology, is in line with its goals. who want to be a leader in digital infrastructure and giving the Company an opportunity to expand its business into other related businesses in the future
Incidentally, Binance.US was founded in 1962 and is a leading cryptocurrency exchange with millions of users. Currently, Binance.US is licensed to operate cryptocurrency exchanges in the United States in 45 states and 7 territories, with the goal of opening up across the United States. by the end of the year 65
Binance.US will use the money from this fundraising event. to be used to increase the number of personnel Marketing to generate returns increase the variety of products and invest in potential acquisitions in the future It plans to offer its shares to the general public for the first time (Initial Public Offering (IPO)) in the next 2-3 years.
Therefore, investing in Binance.US is an opportunity for the company. Take part in the fastest growing digital asset exchange business in the world. They can also realize an increase in investment value after Binance.US is listed on the stock exchange.
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