DJ Coinsilium Group Limited: Advisory Client Update Indorse 2.0 Light-Paper and IND Crypto Trading Contest
Coinsilium Group Limited (COIN)
Coinsilium Group Limited: Advisory Client Update Indorse 2.0 Light-Paper and
IND Crypto Trading Contest
26-Oct-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")
Advisory Client Update
Indorse 2.0 Light-Paper and IND Crypto Trading Contest
London, UK, 26 October 2020 - Coinsilium Group Limited (AQSE:COIN)
(OTCQB:CINGF), the Blockchain, DeFi and Crypto Finance venture operator, is
pleased to provide an update from Indorse Pte. Ltd. ('Indorse') which
recently released its Indorse 2.0 Light-Paper and announced the start of the
IND trading contest on KyberSwap, a decentralised token swap platform.
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 2.0
On 17 August 2020, Coinsilium announced its appointment as advisor to
Indorse in respect to its initiative to revive the token economics of its
IND token and on 22 September 2020 the Company provided a progress update on
the initiative.
Indorse has now released the Indorse 2.0 Light-Paper which provides the
specifications relating to its updated token utility model. The Indorse 2.0
Light-Paper can be downloaded here [1].
Indorse 2.0 Light-Paper Highlights
The Indorse 2.0 Light-Paper reinforces the IND token as the core element
powering the Indorse ecosystem, especially through new roles created and the
introduction of staking rewards. The new roles which are designed to
increase the utility of the IND token include Decentralised Referral Agents,
who are required to stake IND to maintain their agent status, and Liquidity
Providers who will play an essential external role in maintaining a dynamic
IND token market.
The introduction of IND staking in the token model is designed to reward the
most active members of the Indorse community.
These changes are the first steps toward the creation of a fully
decentralised governance model of the Indorse platform, the Indorse
Decentralised Autonomous Organisation ('DAO') to be implemented throughout
2021.
KyberSwap
Indorse has also announced the launch of the KyberSwap trading competition
which commenced today and will reward users of the KyberSwap platform
(https://www.kyberswap.com/swap [2]) for providing liquidity to the IND
token market.
Eddy Travia, Chief Executive at Coinsilium, commented: "We are very proud to
be supporting Indorse throughout this journey and we believe the publication
of the Indorse 2.0 Light-Paper, in addition to the liquidity enhancement
initiatives and the KyberSwap trading competition, will have a highly
positive impact on Indorse and the IND token. KyberSwap trading competitions
have been highly successful in raising awareness for several crypto tokens
in the past and 'Staking' continues to demonstrate its effectiveness as a
method of incentivising token holders whilst increasing the scarcity of
tokens trading on the market. As confidence in the Indorse revived token
model continues to grow, we expect this to provide a material boost to the
IND token utility and re-dynamise the Indorse token ecosystem."
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 London-based 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 under the ticker symbol "COIN", and on OTCQB Venture Market ("OTCQB")
in the United States under the ticker symbol "CINGF".
For further information please visit www.coinsilium.com [3] 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 [4] and
https://youtu.be/CBs1JJe9Qr4 [5]
ISIN: VGG225641015
Category Code: MSCM
TIDM: COIN
Sequence No.: 86509
EQS News ID: 1142899
End of Announcement EQS News Service
1: https://indorse-staging-bucket.s3.amazonaws.com/Indorse+2.0+Light+Paper.pdf
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=3752b111043a63185c57171580779a2b&application_id=1142899&site_id=vwd&application_name=news
3: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=cb69d1607c8c6ce75a5bfbfb7a28427b&application_id=1142899&site_id=vwd&application_name=news
4: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=118a8fb7f68ae7bdc594d3f1e8586b74&application_id=1142899&site_id=vwd&application_name=news
5: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=50a2731f5afc61d04873214ca74ff384&application_id=1142899&site_id=vwd&application_name=news
(END) Dow Jones Newswires
October 26, 2020 03:00 ET (07:00 GMT)
© 2020 Dow Jones News
