Coinsilium Group Limited: Indorse updates on IND Token Model and Upcoming Liquidity Campaigns
Coinsilium Group Limited (COIN)
COINSILIUM GROUP LIMITED
("Coinsilium" or the "Company")
Coinsilium: Investee and Advisory Client progress Update
Indorse updates on IND Token Model and Upcoming Liquidity Campaigns
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
As reported, Coinsilium's CEO
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
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.
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:
Notes to Editor
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.
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 www.coinsilium.com or follow @CoinsiliumGroup on Twitter
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.
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