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Coinsilium Group Limited: IOV Labs and hosting of online Crypto Investor Webinar

Coinsilium Group Limited (COIN) 
Coinsilium Group Limited: IOV Labs and hosting of online Crypto Investor 
Webinar 
 
29-Apr-2020 / 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. 
 
29 April 2020 
 
         COINSILIUM GROUP LIMITED 
 
         ("Coinsilium" or the "Company") 
 
         Portfolio Company Update: IOV Labs Ltd 
 
         and hosting of online Crypto Investor Webinar 
 
         London, UK, 29 April 2020 - Coinsilium Group Limited (AQSE:COIN), the 
    blockchain technology venture builder, advisor and investor, is pleased to 
  provide an update in respect of portfolio company IOV Labs Ltd ("IOV Labs"). 
   Coinsilium's investment interest in IOV is represented by 1,951,846 vesting 
                   RIF tokens. 
 
  As announced on 19 November 2018, Coinsilium's shareholding of 65,000 series 
   Seed 1 RSK shares was converted to RIF tokens by way of a 'share for token' 
                   swap. 
 
       Money on Chain launch the 'RIF on Chain' Decentralised Finance ('DeFi') 
                   platform 
 
 On 21 April 2020, Money on Chain ('MOC') announced the release of the 'RIF on 
       Chain' Decentralised Finance ('DeFi') platform backed by RIF tokens and 
      unveiled the three main assets available on the platform: the RIF Dollar 
                   ('RDOC'), the RIFpro ('RPRO'), and RIFX. 
 
RDOC is a RIF-collateralised stablecoin pegged to the US Dollar and guaranteed 
by a smart contract. RDOC tokens are directly available for sale on the RIF on 
      Chain platform against RIF tokens. RDOC can be freely transferred to and 
      stored on compatible hardware wallets. Redemption of RDOC depends on the 
                   availability of redeemable RDOC stablecoins. 
 
RPRO is a token mirroring the RIF token price fluctuations and redistributes a 
  share of the fees generated by the RIF on Chain platform transactions to its 
 holders. This means holders can stake RIF tokens and earn fees while enabling 
                   an essential function of the RIF DeFi ecosystem. 
 
     RIFX is a leveraged asset for users who wish to get exposure to RIF token 
price changes. Based on an automated smart contract that renews every 30 days, 
 the product has a leverage factor of 2X at the very beginning of its lifespan 
   and a variable leverage afterwards based upon certain variables such as the 
     price of RIF token and the amount of RDOC stablecoins on the RIF on Chain 
                   platform. 
 
   The RIF on Chain launch briefing can be found here: RIF on Chain Launch [1] 
 
                   https://www.rifos.org/blog/rif-on-chain-launch 
 
                   Background to IOV Labs and Money on Chain 
 
   In 2018, IOV Labs introduced the RSK Infrastructure Framework Open Standard 
     (RIF OS), a suite of open and decentralised infrastructure protocols that 
    enable faster, easier and scalable development of distributed applications 
 (dApps) within a unified environment. The RIF token is the medium of exchange 
        allowing token holders to consume the services compatible with the RIF 
                   architecture. 
 
Building upon the RSK network, Money on Chain ('MOC') has developed one of the 
    first bitcoin-collateralized DeFi solutions. The MOC platform has recently 
  proven to be one of the most robust decentralized-financial platforms in the 
                   crypto environment. 
 
 Argentina Central Bank chooses RSK Technology for trials for the Central bank 
                   settlement layer. 
 
  On 16 April 2020 IOV Labs announced it had created a proof-of-concept, for a 
           permissioned blockchain network, based on the RSK Smart Network, in 
     conjunction with the Argentina Central Bank and major commercial banks in 
                   Argentina including Santander and BBVA. 
 
     This proof of concept is focused on implementing a decentralized platform 
     powered by RSK technology that would allow for end-to-end traceability of 
 account debit claims. The full announcement and briefing from IOV Labs can be 
                   seen here: 
 
  Argentina's Central Bank is promoting a proof of concept based on Blockchain 
                   technology. [2] 
https://iovlabs.org/press/banco-central-de-la-republica-argentina-impulsa-una- 
                   prueba-de-concepto-basada-en-tecnologia-blockchain.html [2] 
 
 Eddy Travia, CEO comments: "The RIF on Chain DeFi platform is a great example 
 of innovation within a token ecosystem. Whilst several RIF services are being 
      developed by IOV Labs with RIF tokens as the medium of exchange, 'RIF on 
Chain' represents a great live opportunity for RIF token holders and we expect 
this to have a positive impact on global awareness as a driver for adoption of 
     the RSK Network and the RIF digital token. Likewise, the proof-of-concept 
created for a group comprising the Argentina Central Bank and major commercial 
   banks in Argentina demonstrates that IOV Labs is leveraging the RSK network 
       and the expertise of its talented team in smart contract and blockchain 
technologies to contribute to the improvement of nationwide financial systems. 
 
  "As we announced on 3 April 2020, Coinsilium is in the process of concluding 
              an agreement with IOV Labs which will see the establishment of a 
  Coinsilium-IOV Labs joint venture ('JV') company in Singapore. The objective 
        of the JV company will be to promote and commercialise RSK's products, 
services and technologies in the Asian markets to corporations, entrepreneurs, 
governments and NGOs. Another key objective will be to promote the adoption in 
 the region of the RIF token which powers the ecosystem of solutions developed 
           by RSK, their partners and independent developers around the world. 
 
  "We look forward to providing the market with further details of the JV once 
        concluded, together with some context as to the significant commercial 
                   opportunities we see in the region" 
 
    Coinsilium to host Barbarian Investors online Panel Session. "Bitcoin in a 
                   Post COVID19 World" 
 
     Coinsilium is pleased to announce that it will be hosting the forthcoming 
 Barbarian Investors Webinar which will be held online on 7th May 14:30 (BST). 
       This will include a panel session which will be moderated by Coinsilium 
         Chairman Malcolm Palle and will feature a line-up of industry experts 
 including Coinsilium CEO Eddy Travia. The Webinar is free to access for those 
       wishing to attend, full details together with registration instructions 
                   details are provided via the link below: 
 
https://www.eventbrite.co.uk/e/webinar-what-next-for-bitcoin-in-a-post-covid19 
-world-crypto-market-insights-with-leading-industry-tickets-38222506546 [3] 
 
        The Directors of Coinsilium Group Limited take responsibility for this 
                   announcement. 
 
                   For further information, please contact: 
 
              Coinsilium Group Limited +44 (0) 7785 381 089 
 
     Malcolm Palle, Executive Chairman   www.coinsilium.com 
 
                      Eddy Travia, CEO 
 
            Peterhouse Capital Limited +44 (0) 207 469 0930 
 
               Guy Miller / Mark Anwyl 
 
(AQSE Growth Market Corporate Adviser) 
 
                    SI Capital Limited +44 (0) 1483 413 500 
 
                          Nick Emerson 
 
                              (Broker) 
 
                   Notes to Editors: 
 
                   About Coinsilium 
 
 Coinsilium is a venture builder, investor and advisor, supporting early-stage 
   blockchain technology companies and the digital token economy. As the first 
 ever IPO of a blockchain company in 2015, Coinsilium harnesses its experience 
     and wide-ranging network to invest in leading blockchain projects such as 
                   RSK/IOV Labs, Indorse and Blox. 
 
    Coinsilium shares are traded on AQSE Growth Market, the primary market for 
 unlisted securities operated by Aquis Stock Exchange, a Recognised Investment 
                   Exchange under the Financial Services and Markets Act 2000. 
 
      For further information please visit [4]www.coinsilium.com [5] or follow 
                   @CoinsiliumGroup on Twitter 
 
                   About IOV Labs 
 
    IOV Labs builds low-cost, highly secure, easy-to-use platforms for the new 
   global economy. Harnessing the benefits of Bitcoin with a suite of tools to 
      create and protect growth, we're planting the seeds for global financial 
                   freedom. 
 
     RSK, the first smart contract platform secured by the Bitcoin network, is 
       transforming the way businesses are conceived, designed, and built. Its 
  complementary platform, RSK Infrastructure Framework Open Standard (RIF OS), 
       takes these technologies to scale, simplifying the use of decentralized 
  infrastructure for any traditional or Blockchain developer, organization, or 
                   innovator. 
 
   With help from IOV Labs platforms, people everywhere will have the power to 
           create digital identities, build reputations, establish and enforce 
     agreements, and engage in commercial transactions without intermediaries. 
 
       Now everyone has the chance to participate in a new economy for our new 
                   Internet age. That's why we call it the Internet of Value. 
 
For further information please visit [6]www.iovlabs.org [6] and [7]www.rsk.co/ 
[7] 
 
ISIN:          VGG225641015 
Category Code: MSCM 
TIDM:          COIN 
Sequence No.:  60971 
EQS News ID:   1032141 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=9980d072f3e60a03105255e9d6c0fc83&application_id=1032141&site_id=vwd&application_name=news 

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