Promax United, Promax Digital, Chrysalis, and Earth Exchange: A Comprehensive Overview

Promax United, Promax Digital, Chrysalis, and Earth Exchange: A Comprehensive Overview
Promax United Overview
Global Presence
Promax United is a dynamic conglomerate headquartered in Abu Dhabi, UAE. The company has a global presence in over 50 countries, with a focus on the Middle East, Africa, Asia, and Europe. Promax United is listed on the Frankfurt Stock Exchange.
Leadership
His Royal Highness Sheikh Hamdan bin Mohammed Al Nahyan (Overall leadership)
His Excellency Louai Mohamed Ali (President of Promax United and Preferred Partners)
H.E. Dr. Mohamed Hussein Al Ahdaly (Group CEO of Promax United)
H.E. Vivek Varma (Co-CEO Promax United Group)
Promax Digital Overview
Subsidiary of Promax United
Promax Digital is a subsidiary of Promax United, focusing on digital asset management and financial technology. The company places a strong emphasis on tokenization of real-world assets and commodity production revenue streams.
Leadership
Mr. Schad Brannon serves as the CEO of Promax Digital, leading the company's efforts in digital innovation and asset management.
Chrysalis and Earth Exchange: Positioning
Chrysalis: Advanced blockchain ecosystem within Promax Digital
Earth Exchange: Global repository for carbon-related projects, associated with Promax Digital
Both entities leverage Promax United's global network and resources
Chrysalis Projects Overview
DLG (Digital Gold)
Tokenization of gold reserves in Ghana
ALUM (Aluminum)
Tokenizing Ghana's bauxite and aluminum production
BGLD (Black Gold)
Tokenization of Ghana's oil reserves
NATG (Natural Gas)
First pure-play ONSHORE natural gas project in Ghana
XPLR (Explore)
Advanced exploration technologies for resource identification
GROW (Agriculture)
Tokenization of agricultural assets in Ghana
DCM (Data Center Mining)
Bitcoin mining powered by natural gas
Chrysalis Layer 1 Blockchain
The Chrysalis Layer 1 Blockchain boasts a non-sequential, multi-nano chain integration architecture. It claims to be the fastest existing blockchain network, setting it apart from other blockchain solutions. One of its key features is its impressive scalability, with a reported 10,000% speed increase for every 1,000 nodes added to the network.
Notably, the Chrysalis blockchain can operate with a minimum of just four nodes, allowing for flexibility in deployment and operation. This feature could potentially make it more accessible for smaller-scale implementations or testing environments.
As of now, the Chrysalis Layer 1 Blockchain is in the final stages of development. This suggests that while it's not yet fully operational, it's nearing completion and may soon be ready for wider implementation and use.
Transition Process
1
2
3
4
1
Rebranding
DEBT Box to Chrysalis
2
Token Swap
DEBT to CHRIS (1:1)
3
Target Date
September 1, 2024
4
Project Relaunch
Under new branding
Rebranding from DEBT Box to Chrysalis
DEBT token transitioning to CHRIS (1:1 swap)
Rebranding and relaunch in process into Chrysalis
Earth Exchange (EEX) Overview
Global repository for Carbon Sequestering, Avoidance, and Carbon Removal projects
Creating monetary value for every square meter of Earth
Introduced at COP28
Lowest Carbon Denominator (LCD) token system
NFT-based system for environmental impact
Earth Exchange Partners
Indonesia Project
750,000 LCDs generated
6,700 ha project area, 10-year horizon
Kenya Project
1,000,000 LCDs generated
14,000 ha project area, 10-year horizon
Brazil Project (in underwriting)
10,000,000 LCDs projected
64,000 ha project area, 10-year horizon
NFT Marketplace and EEX Relaunch
The NFT exchange has received approval from the UAE government, marking a significant milestone for Earth Exchange. The final construction of the exchange platform is currently underway, paving the way for an imminent relaunch of Earth Exchange.
DLG (Digital Gold) Project
The DLG (Digital Gold) Project is an innovative initiative located in Ghana. This project involves a collaboration with local mining companies to implement a blockchain-based tracking system for gold, following its journey from mine to market. The primary objectives of this project are to enhance transparency and reduce fraud in the gold supply chain.
By leveraging blockchain technology, the DLG Project aims to create a more secure and traceable process for gold extraction and distribution. This system will provide real-time tracking and verification of gold throughout its entire lifecycle, from the moment it is mined to its final destination in the market.
The collaboration with local mining companies in Ghana is a crucial aspect of the DLG Project. This partnership ensures that the blockchain-based tracking system is implemented effectively at the source, integrating seamlessly with existing mining operations and practices.
Through the implementation of this advanced tracking system, the DLG Project seeks to address two major challenges in the gold industry: enhancing transparency and reducing fraud. By providing a tamper-proof and transparent record of each gold transaction, the project aims to build trust among stakeholders and consumers, while simultaneously deterring fraudulent activities in the gold supply chain.
ALUM (Aluminum) Project
Focus: Ghana's bauxite and aluminum production
Blockchain solutions for supply chain management
Promoting sustainable practices in aluminum production
BGLD (Black Gold) Project
Tokenization of Ghana's oil reserves
Collaboration with Ghana National Petroleum Corporation
Blockchain-based oil trading platform
Enhancing transparency in oil revenue management
NATG (Natural Gas) Project
The NATG (Natural Gas) Project represents the first pure-play ONSHORE natural gas project in Ghana. This groundbreaking initiative is being developed through a strategic partnership with the Ghana government and Ghana Gas, leveraging their expertise and resources in the natural gas sector.
One of the key strengths of the NATG project is its utilization of advanced Exploration Technologies (XPLR). These cutting-edge technologies enhance the efficiency and effectiveness of natural gas exploration, positioning the project at the forefront of the industry.
A significant milestone for the NATG project is the establishment of a natural gas off-take agreement with MENXONS COMPANY. This agreement ensures a stable market for the extracted natural gas, providing a solid foundation for the project's economic viability.
The strategic location of the NATG project near the DCM (Data Center Mining) project offers synergistic benefits. This proximity allows for potential integration of operations and resource sharing, maximizing the overall efficiency and impact of both projects.
XPLR (Explore) Project
The XPLR (Explore) Project is an innovative venture that showcases a collaboration with the Ghana Geological Survey Authority. At the heart of this project is the utilization of "Resonate Geophysical Technology," a cutting-edge approach to geological exploration.
One of the key features of this technology is its use of Gold's nuclear magnetic resonance (NMR) frequency, which is precisely 1.754 MHz. This specific frequency plays a crucial role in the project's exploration capabilities.
The XPLR Project employs advanced techniques including satellite scanning and Electromagnetic Spectrum analysis. These methods allow for comprehensive and detailed geological surveys, providing valuable data for exploration efforts.
A significant milestone for the XPLR Project has been the successful completion of its Phase 1 Pilot Programme. This initial phase was conducted in Akoasi, located in the Eastern Region of Ghana, demonstrating the practical application and effectiveness of the project's innovative approaches.
GROW (Agriculture) Project
Tokenization of agricultural assets in Ghana
Focus on sustainable farming practices
Blockchain solutions for crop tracking and supply chain management
Empowering local farmers through technology
DCM (Data Center Mining) Project
Land lease agreement for two digital mines
Partnership with third-party digital mine builder
Powered by NATG's Natural Gas at favorable rates
Dual royalty streams: DCM and NATG
Contributing to blockchain network processing power
Royalties used to vault and burn DCM tokens annually
Project resuming after regulatory challenges (TRO and Assets Freeze)
Promax United and Promax Digital: Partnerships and Mission
Collaborative Growth
Focus on collaborative growth and contributing to dynamic communities
Data-Driven Strategies
Data-driven strategies and customer-centric approach
Global Impact
Global reach with local impact
Innovation
Emphasis on innovation and technological advancement
Aim to redefine success by focusing on positive influence beyond financial boundaries
Seek partnerships that align with sustainable development and technological innovation
Mission to propel economic growth in collaboration with preferred partners