Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Forex whitepaper out by Amber (being built on Pendulum)
https://twitter.com/0xamberHQ/status/1544261537543720960
The reference in the Vox article to Dtransfer is particularly encouraging as that is where there is most scope to monetise this very quickly:
“ The rapid progress of Pendulum and the Polkadot ecosystem may allow us to accelerate our mission to offer instant cross-border payments on blockchain sooner than expected. We are considering several options to further decentralise the DTransfer service and further announcements will be made in due course. For now, SatoshiPay’s focus is laying the foundations not only for DTransfer, but for the whole industry, with Pendulum."
If Dransfer can gain first mover advantage this is very big news.
Any idea when this washout is going to end?
Blue Star Capital investee company SatoshiPay has announced that Pendulum’s sister blockchain Amplitude has won Kusama parachain auction #42.
Winning the parachain auction allows Amplitude to plug into the Kusama network as a parachain for a 48-week lease period and allows developers to start building and using dApps on Amplitude. To participate in the auction, Amplitude successfully completed a 'crowdloan', with 24,080 Kusama ("KSM") tokens from 604 contributors, worth approximately $1.2m, locked for the duration of the lease period.
The parachain connection will provide users the ability to utilise tokens, for example, for purchases or payment transfers across multiple blockchains providing the “missing link” between fiat and DeFi through a fiat-optimised smart contract blockchain, enabling Fintech and even traditional forex providers to integrate their fiat services with DeFi applications such as specialised forex AMMs, lending protocols and yield farming opportunities.
Alexander Wilke, SatoshiPay's Chief Executive Officer, commented that:?"The Pendulum ecosystem strategy includes key partnerships with fiat anchors and chain bridges and the incubation of projects in the forex automated market makers and money markets space, along with grant programs for wallets and fintech integrations. The rapid progress of Pendulum and the Polkadot ecosystem may allow us to accelerate our mission to offer instant cross-border payments on blockchain sooner than expected. We are considering several options to further decentralise the DTransfer service and further announcements will be made in due course. For now, SatoshiPay’s focus is laying the foundations not only for DTransfer, but for the whole industry, with Pendulum."
Derek Lew, Chairman of Blue Star Capital said that: “It is truly exciting to see the pace and scale of the progress Alex and the SatoshiPay team are making right now.?The latest news around the Pendulum token pre-sale and other recent developments underline why the board remains confident in the future of this business.”
Pendulum is building the missing link between fiat and DeFi through a fiat-optimised smart contract blockchain based on Polkadot’s Substrate, allowing traditional finance fiat services to integrate with DeFi applications such as specialised forex AMMs, lending protocols or yield farming opportunities. Pendulum is developed by SatoshiPay.
Parachain auctions are those held on the Polkadot and Kusama relay chains to determine which blockchain will connect to available parachain slots to support transactions and provide network security. Amplitude, Pendulum’s sister chain on the Kusama network, already obtained a crowdloan and won a parachain auction. To secure its own parachain slot, Pendulum will need to follow the same procedure on Polkadot.
Thats the key Duke - Kasuma mainnet launch is probably 6-8 weeks (my guess) and I think will tie in with spacewalk lauch as well so the cross bridge network is fully functional, but they could launch a limited functionality version before that and add.
But in the meantime I believe we will get sone development news on Dtransfer as I would think they will want that functionality ready from the get go, and that is RNS worthy as its a revenue generating business, whereas the Kasuma slot (albeit extremely important milestone) is all about testing and proving the chain (at this point).
All just my view.
I liked the bit about the infinite lifespan of ethereum as compared to bitcoin having a limited one.That was interesting ragnarr thank you.
Swerve
*Not out - in
Thanks Duke.
Linking this back to BLU share price, I think the general market will wait for the Amplitude launch on Kusama and assess the subsequent impact on its price before there is any significant change in the prospects for satoshi pay.
I am happy to be wrong and equally, happy to stay out and wiait , albeit impatiently.
GLA
NtD
you are of course entitled to your opinion ppc,
disagree though.
every milestone achievement should be released to the market as a whole, how many serious investors give a rats ass about social media feeds, RNS to the market are regulatory law, social media is most definitely not !!!
this particular milestone does add value to Satoshipay / Pendulum thus it adds value to Blue Star capital.
it was not known that this would be won, the magnitude of the win was not known.
just my thoughts fwiw !!!
Good one that Ragnarr, nice spot.
Interesting times ahead I think.
All the best
Ouz
Anyone invested here for exposure to Satoshipay/Dtransfer/Pendulum might want to listen to what Tim Draper gas to say about the future of finance
https://www.youtube.com/watch?v=ibMh9t9i5bA
I do not believe Blu releasing an RNS re auction outcome will make the SP react, the market is nearly always ahead of the game and this news is already known!
The problem is muscles the Sp is constantly down day after day after day . You can't wonder at the low volumés.
At least Guild is having a better day Up 14.7% on volume of 13 million. Perhaps we will get an RNS regarding Satoshipay/Amplitude tomorrow.
Hi
Great news on securing the Kusama spot for amplitude. I had a quick look this morning but couldn’t find mention of the timelines for the amplitude go live, or the date for AMPE tokens to be distributed and become traceable. Do any of you more clued in peeps have information on these two dates or their expected timeline?
Dave
Just a big thanks for all your efforts, updates, and the sharing of information with us all, I for one very much appreciate all your updates and would be lost had you not been sharing...
Top bloke, and huge thanks from me and many others am sure.... though not all sadly lol...
Thanks again
totally understand your point duke and understand your reasoning, makes perfect sense.
this news most definitely is price sensitive, all i was attempting to get over was that it should not be down to you, as shareholder, to help the company understand the importance of this news.
fair play to you for taking this on though .
all the best
blu
... does the below not suggest BLU is getting its choice of investments right ,and in itself is therefore a sound investment .....with good appreciation on initial investments , not to mention satoshi / pendulum etc ... is it not relevant too ?
(albeit we know there are 2 big ones in the pot ...)
....Blue Star’s other companies are also growing nicely. Notably, its share in Dynasty Gaming and Media is now worth £4.8m, a significant premium to
Blue Star ‘s total investment of £968k. Similarly, Blue Star's interest in biometric technology platform Sthaler is now worth £387K, compared to a £50K investment, and its interest in NFT Investment is now worth £223K, compared to a £50K investment.
Email just received:) Team at SATOSHI / Pen/Amp are very happy. See below
Parachain Slot!
AMPE & Amplitude are officially on Kusama with over 24 080 KSM raised!
Gm Pendulum & Amplitude People, Pendulum is delighted to announce the successful completion of the Amplitude crowdloan with more than 24 080 KSM (approximately $1 172 930 USD) received from 604 contributors across the globe. Thank you Ampers!
We are very grateful for all the community support that made this crowdloan a success, especially given the market conditions. See Amplitude as an official Kusama parachain here. Thank you for your positive feedback on our socials around our tokenomics decisions. Taking no allocation of AMPE tokens for the team or advisors and AMPE’s 0% inflation rate with 100% of tokens being minted at launch were some of the best received tokenomics highlights.
Welcome Amplitude & AMPE
Amplitude will be the canary network of its sister blockchain, Pendulum. Amplitude & Pendulum aim to build the missing link between fiat and DeFi through a fiat-optimized smart contract blockchain. AMPE token utilities include powering transactions, staking to secure the network & earn rewards and governing the protocol.
AMPE Rewards
Base reward: 600 AMPE for every 1 KSM contributed
Waitlist referral bonus: 10% additional AMPE, split equally between referrer and referral
Amplifier Campaign: 3% bonus AMPE credited to the referral link after completion.
Early Bird Bonus: 20% early bird bonus in AMPE tokens by contributing within the first 10,000 KSM that was raised.
Early Bird Bonus: 10% early bird bonus in AMPE tokens by contributing between 10,001–20,000 KSM being raised.
Visit our FAQ page for full details of the Amplitude crowdloan rewards and swing by the Pendulum Telegram or Discord any time to ask any questions.
Thank you again,
Things are ampe-ing up!
Liam (Comms Manager)
1% not 15 Amp tokens. Error in my last post
Maybe the BOD are, but their now inability to flood the Market wuith more stock limits their abuse. Also regardless they have limited control over Satoshi progress and Pendulums ROLL OUT. The AMPLITUDE Win, is significant, maybe see it this way . Because no RNS from the BOD, today, thats a good opportunity to be collecting these at these lows. I hold plenty, or I would be buying more, now I am loading up on DOTS to loan to Pendulum when it gets its auction slot. I put over 3400 KSM in the crowd loan. Ie I will hold over 15 of all AMP tokens once issued. I intend to do likewise with POEn.
Thats three bases covered. Ie (1) Blue for exposure to Satoshi in totality (2) Amp via Kusama, to own Amp tokens and exposure to KSM (which over time will grow exponentially) (3) Pen Via DOTS, to own PENDULUM tokens and exposure to Polka dot. Real happy here currently. GLA
@dukee
you should not have to work with the company with regards RNS.
its the responsibility of del boy and iffy nomad.
if neither of them realise this news is price sensitive then they should not be dealing with regulatory matters within financial markets.
Just bought some more at 0.245
Hope you're right Chester.
Some have been patiently waiting a very long time here.
Really am surprised the parachain win hasn't been announced.
Thought it was a big deal.
Well, you don't sell if you think it is going higher.
The time/place to take some profit was some time back. Crypto and wider market conditions were plain as day. It could certainly hold here and bottom out, although I have a lower area I'm watching to add some back. I don't see any particular rush given where crypto is at the moment.