Coinsilium Group Limited: Advisory Client Update Indorse 2.0 Light-Paper and IND Crypto Trading Cont
Coinsilium Group Limited (COIN)
COINSILIUM GROUP LIMITED
("Coinsilium" or the "Company")
Advisory Client Update
Indorse 2.0 Light-Paper and IND Crypto Trading Contest
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 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.
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.
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) for providing liquidity to the IND token market.
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
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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