leadf
logo-loader
viewCoinsilium Group Ltd
(
AQSE:COINOTCQB:CINGF
)

Coinsilium inks first DeFi services deal with Indorse

The blockchain venture and advisory firm will assist Indorse on a new strategy for its IND token to enhance its trading liquidity

Coinsilium Group Limited - Coinsilium inks first DeFi services deal with Indorse

Coinsilium Group Limited (LON:COIN) said it has signed its first decentralised finance (DeFi) deal with skills validation platform Indorse.

The blockchain venture firm said the DeFi services advisory agreement will see it assist Indorse on a new strategy for its IND token to enhance the token’s trading liquidity, which will include engaging in liquidity incentivisation campaigns to ignite interest from liquidity providers.

READ: Coinsilium posts sharp cut to full year losses

Coinsilium said there has been a “marked divergence” between Indorse’s operational business model and the performance of its IND token which it said has been underutilised. Under the deal, the company said it will recommend strategy and solutions to attract liquidity providers to the IND trading venues and work with Indorse on the design of a new token utility model.

"Indorse has achieved impressive milestones since its Initial Coin Offering (ICO) in 2017 however the Indorse token has not yet benefited from these successes. Given the current cryptocurrency market trends and the innovation boom we are now seeing in the DeFi space, we see the coming months as an exceptionally opportune period for us to be working with the Indorse team on the creation of a new DeFi focused token model with the objective of reviving the IND token to demonstrate its potential under a new light whilst preserving the Indorse community values”, Coinsilium chief executive Eddy Travia said in a statement.

“It is important to note that there are hundreds of post-ICO projects whose tokens are in similar situations with many of them eager to reshape their token models. We are confident that we can access and secure a significant share of this market given our industry record of building a successful advisory services business during the ICO growth years", he added.

Quick facts: Coinsilium Group Ltd

Follow
AQSE:COIN

Price: 8.15 GBX

Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

Coinsilium Group wraps up investment deal with Greengage Global

Coinsilium Group Ltd (AQSE:COIN, OTCQB:CINGF) co-founder and chair Malcolm Palle and Greengage Global Holding Ltd founder and CEO Sean Kiernan joined Proactive's Stephen Gunnion with news that Coinsilium has completed its deal to invest in Greengage. Palle and Kiernan telling Proactive that...

1 week, 2 days ago

2 min read