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Duke - agreed and I like this from the RNS
The fast progress of Pendulum and the Polkadot ecosystem may accelerate the mission at SatoshiPay to offer instant cross-border payments on blockchain sooner than expected with further news expected in the near future
Great to finally have some news out and an update on investments.
After reading it, it does beg the question as to why there hasn't been some RNS's updates this year with at least 3 of our investments.
They maybe only small investments, but they are still investments made by the company.
The 2 big ones are the revaluation of Satoshipay and the listing or sale of Dynasty.
Thanks
@dukee
how quickly, considering your recent visit ;) , could we arrive at a realistic valuation of Satoshipay and our 27% stake.
I think that it means contractually retained by Stellar to develop Pendulum as a bridge to defi on Ethereum and Polkadot rather than contractually retained by Pendulum.
Thee Duke - that would be appreciated because the way I read that is they are contracted to develop and could potentially lose the contract also….. but my knowledge isn’t as broad as some.
The new funding allows for SatoshiPay to be contractually retained to continue to develop Pendulum blockchain.
Does this mean satoshi pay don’t own the pendulum blockchain and are only contracted to work on it?
Hence they could lose the contract?
: )
any valuation will do, and a regular revaluation is the holy grail.
we are trading on a 2019 valuation for pity's sake,
that paragraph was in previous results too.
i await the day when we get a solid valuation for Satoshipay, the market must then rerate BLU accordingly.
Here is a link if anyone wants to track progress.
https://parachains.info/auctions/kusama
I like this paragraph best!
It is the Board's view that the valuation of SatoshiPay may have increased significantly since the last fund raise given the operational progress of Pendulum. However, no revaluation work on SatoshiPay has been undertaken since 2019.
https://www.londonstockexchange.com/news-article/BLU/half-year-report/15518513
Mms have known of the potential all the time they orchestrate the SP to make a market its their job. They totally know how to make mugs of investors and traders alike
Found it
928000 currently
Flying high ladies and gents
Alb
Ouz
Ragnarr
It can wait till the morning but where are we now?
Love your research sir, can’t wait to meet you over a beer or ten.
I can find out myself but after a 18 hour shift in the pub, I’m feeling a bit lazy
My bad and good luck all
Ouz
Blu 5p
Where’s Ohmni?
Could you make a post over on ADVFN for everyone please?
Yeh spot on duke! Throw in a reassuring rns from del and would hope we are .3s again. Providing the pump and dump crew don’t turn up. But no worries, pendulum will be huge. Lots of vc interested in amplitude by looks of it!
Duke - from what i can gather the Pendulum boys cant believe how well its gone - top stake so far 4000KSM - thats about 200,000 usd.
Dark - in simple terms the amount of KSM staked in a parachain auction is a direct community view on how important the project is and how good the investment is deemed to be. The whole point of Polkadot/Kasuma auctions is that only the best offerings make the cut.
From memory I dont think any Parachain winner has achieved more than about 30000 (approx) this year - Amplitude is on over 17000 already.
Well said Duke
Ragnar - you are way more knowledgeable than me on this subject…. The posters on ADVFN can’t understand why this is a big deal…. We need your explanation please.
We’re nearly as high as some of the current polkadot auctions and amplitude is only kasuma. Bodes well for pendulum crowdloan on dot surely?
Great stuff Ragnar! Would be awesome if we could break the 1mil
edit - last five auction winners
Shifty - absolutely brilliant start - to put it into context the five auction winners
Bajun network 1.6M
listen 1.1m
Kabotcha 625k
Tanganika 265k
Imbue 175k
Amplitude is on in 850k ….on day one !
Enjoying the rise and the potential of Blu .Lth