DJ Coinsilium Group Limited: Indorse updates on IND Token Model and Upcoming Liquidity Campaigns
Coinsilium Group Limited (COIN)
Coinsilium Group Limited: Indorse updates on IND Token Model and Upcoming
Liquidity Campaigns
22-Sep-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.
COINSILIUM GROUP LIMITED
("Coinsilium" or the "Company")
Coinsilium: Investee and Advisory Client progress Update
Indorse updates on IND Token Model and Upcoming Liquidity Campaigns
London, UK, 22 September 2020 - Coinsilium Group Limited (AQSE:COIN) is
pleased to provide a progress update from Indorse Pte. Ltd. ('Indorse') in
respect to its initiative to revive the token economics of its IND token
through a new DeFi based model.
Disclosure Note:
Indorse is a Coinsilium equity portfolio company. Coinsilium currently holds
a 10% interest in the issued share capital of Indorse. Coinsilium also holds
5,793,875 IND tokens representing approximately 15.37% of the current
circulating supply. This holding is formed of a combination of tokens
granted as founder investors in Indorse as well as subsequent market
purchases made by the Company.
Indorse Token Update
Coinsilium announced on 17 August its appointment as advisor to Indorse in
respect to its initiative to revive the token economics of its IND token.
Indorse have recently provided a progress update via their community blog,
the full update can be seen here:
https://blog.indorse.io/indorse-token-utility-updates-sep-2020-c2c47c875da
[1]
As reported, Coinsilium's CEO Eddy Travia is working closely with the
Indorse team in the development of a comprehensive strategy to update the
Indorse token model, dubbed Indorse 2.0, in preparation for liquidity
campaigns for the IND token through various decentralised exchanges.
A new role for decentralised referral agents is also to be introduced into
the Indorse ecosystem with a staking mechanism for code validators and
decentralised referral agents.
Indorse also announced the planned publication of a new Light Paper which is
expected to be released during the first half of October. The Light Paper
will lay out in more detail the proposed developments and updates which will
feature in Indorse 2.0.
Indorse is also exploring a potential partnership with a blockchain company
specialised in conducting security audits and they further specified that
liquidity campaigns and trading competitions will occur in October on
leading decentralised exchanges which are expected to increase the IND token
utility and its liquidity.
Eddy Travia, Coinsilium's CEO, commented: "The narrative for Indorse's new
token model is now taking shape with the announcement of additional
decentralised features and an exciting new staking mechanism. We expect that
the publication of the forthcoming Light Paper and the liquidity campaigns
planned for next month will resonate well with a burgeoning market of global
traders in search of new value and trading opportunities in tokens of clear
utility. As we enter the delivery phase on this seminal project we look
forward to providing the market with regular progress updates."
Advisory Service Terms
Terms pertaining to advisory engagements are commercially sensitive and
subject to confidentiality agreements. As a rule, service fees are made up
of monthly retainer fees and a final success fee, payable on the successful
completion of the agreement.
Whilst these revenues can be meaningful, fees are usually denominated or
payable in cryptocurrencies and are therefore often subject to the high
levels of volatility witnessed in this industry.
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, Chief Executive
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 Editor
About Coinsilium
Coinsilium is a focused Blockchain, DeFi and Crypto Finance venture
operator. As the first ever IPO of a blockchain company in 2015, Coinsilium
has harnessed its experience and wide-ranging network to invest in leading
blockchain projects such as RSK/IOV Labs, Indorse and Blox.
In July 2020, Coinsilium executed an agreement with top 100 blockchain
protocol company IOV Labs, to establish a 50/50 Joint Venture Company in
Singapore to promote and commercialise RSK's products, services and
technologies in the Asian markets and to promote the adoption in the region
of the RIF token which powers the ecosystem of solutions developed by RSK,
their partners and developers around the world.
Coinsilium shares are traded on the 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 [2]www.coinsilium.com [2] or follow
@CoinsiliumGroup on Twitter
About Indorse
Indorse is a skills validation platform which helps companies find the
talents they need faster. Unlike other platforms on which users can claim
skills without a proper validation, Indorse ensures that users' skills are
assessed and validated by a panel of experts. Using cutting edge technology,
Indorse provides insights about candidates' skills and proficiency level.
Instead of spending several man-hours and dollars sifting through a barrage
of resumes, hirers can now interview only the validated candidates who have
been assessed by experts in the domain.
For further information about Indorse please visit www.indorse.io [3] and
https://youtu.be/CBs1JJe9Qr4 [4]
ISIN: VGG225641015
Category Code: MSCM
TIDM: COIN
Sequence No.: 84588
EQS News ID: 1134659
End of Announcement EQS News Service
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(END) Dow Jones Newswires
September 22, 2020 02:00 ET (06:00 GMT)
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