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Coinsilium Group Limited (COIN)
FANTOM Sells US$ 39.8m in Tokens,
27-Jun-2018 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
27 June 2018
COINSILIUM GROUP LIMITED
("Coinsilium" or the "Company")
FANTOM Sells $39.8m in Tokens,
Successfully Completes Token Sale
London, UK, June 27 2018 - Coinsilium Group Limited (NEX:COIN), the
blockchain venture builder, advisor and investor that finances and manages
the development of early-stage blockchain technology companies, is pleased
to announce that its advisory client FANTOM Foundation ('FANTOM') has
successfully completed their token sale, selling the maximum amount of
tokens available in a single day to reach a total of US$39.8m.
FANTOM is the world's first Directed Acyclic Graph ("DAG") - based Smart
Contract platform which aims to solve the scalability issues surrounding
existing distributed ledger technology. The platform distinguishes itself
from traditional block ledger-based storage infrastructure by employing an
improved version of existing DAG-based protocols. The FANTOM platform adopts
a new protocol known as Lachesis Protocol to maintain consensus.
Applications built on top of the FANTOM OPERA Chain enjoy instant
transactions and near zero transaction costs for all users. The transaction
throughput capability of the FANTOM protocol offers a potentially
significant improvement on today's leading protocols.
FANTOM's Korea-based team has already proven a commitment to developing
commercial use cases for its technology, demonstrated by the securing of
partnerships with key players in a wide array of industries, including food
technology, telecom, banking and financial services, insurance, electricity,
and real estate sectors. Most notably, the project has announced a
partnership with the Korea Food-Tech Association - an organisation with over
90 food tech member companies valued at approximately 200 trillion won
(USD179B equiv.). FANTOM and Industry giants Oracle and SBCK (a subsidiary
of SoftBank Korea) have also engaged into technical partnerships.
Commenting on the success of their token sale and opportunities on the
horizon, Coinsilium CEO Eddy Travia explained; "The success of FANTOM's
public token sale in a short time-frame illustrates the high level of
interest in this project from the investment and blockchain communities
globally. The team must now demonstrate the value of their protocol, but we
see indications that FANTOM's technology is being considered very seriously,
both at the enterprise and government levels."
About FANTOM
FANTOM is the world's first DAG-based Smart Contract platform which aims to
solve the scalability issues surrounding existing distributed ledger
technology. The FANTOM platform adopts a new protocol known as Lachesis
Protocol to maintain consensus. Applications built on top of the FANTOM
OPERA Chain enjoy instant transactions and near zero transaction costs for
all users.
For further information about FANTOM please visit:
https://www.fantom.foundation/
The Directors of Coinsilium Group Limited take responsibility for this
announcement.
For further information, please contact:
Malcolm Palle, Executive Chairman +44 (0) 7785 381089
Coinsilium Group Limited
Eddy Travia, CEO +44 (0) 20 3889 4312
Coinsilium Group Limited
www.coinsilium.com [1]
Harry Chathli / Ana Ribeiro / Alexis Gore +44 (0) 207 618 9100
Luther Pendragon Ltd
(Media Relations)
Guy Miller / Mark Anwyl +44 (0) 207 469 0930
Peterhouse Capital Limited
(NEX Exchange Corporate Adviser)
Nick Emerson +44 (0) 1483 413 500
SI Capital Limited
(Broker)
Notes to Editor
About Coinsilium
Coinsilium is a blockchain venture builder, advisor and investor that
finances and manages the development of early-stage blockchain technology
companies. It does this through its consortium of top-tier investors,
industry thought leaders and executive managers. Based in London,
Coinsilium's focus is on driving innovation in fintech and blockchain
technologies, enabling businesses to take advantage of growth opportunities.
Coinsilium also provides advisory services to companies planning token
generation events.
Coinsilium shares are traded on NEX Exchange Growth Market, the primary
market for unlisted securities operated by NEX Exchange, a Recognised
Investment Exchange under the Financial Services and Markets Act 2000.
For further information about Coinsilium please visit
http://www.coinsilium.com [1]
ISIN: VGG225641015
Category Code: MSCH
TIDM: COIN
Sequence No.: 5684
EQS News ID: 699079
End of Announcement EQS News Service
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(END) Dow Jones Newswires
June 27, 2018 02:01 ET (06:01 GMT)
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