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delay = disappointing.
however the phrase "we only get to launch once" is fair, do it right first time.
Blue Star needs substantive news, it will go n owhere on light volume until we get something to move it... had hoped PEN would push us further , but we are back to reading water in the .2's, all more than a little disappointing.
we don't want delays and certainly not Year long delays, as we have had with Dynasty,
i am certainly hoping its not the case , however i do not want to wait until the valuations of Satoshipay in Q4 before we get a decent move in the share price.
its tedious !!
??Develoment update:
$AMPE's liquidity bootstrapping, and consecutively the trading launch carry over to early April.
While we estimated to be able to roll out the LBP this month, Spacewalks community launch on Amplitude had to take priority
We are currently working on a solution that will enable everyone to participate in the LBP - This requires access to $AMPE.
It is somewhat of a chicken-egg problem, where participants need to own $AMPE to cover tx fees, but LP'ing & trading $AMPE requires exactly that.
We've come up with a solution that is enabling everyone to join the LBP, which should be in the interest of all stakeholders! We only get to launch once.
We'll close March with 5 of the 7 roadmap items (https://pendulum-chain.medium.com/pendulum-launch-roadmap-march-updates-5c8f6d92bf35) completed. Spacewalk launch on Pendulum and LBP for $AMPE carry over to early April.
We appreciate your feedback and can't wait ourselves to get $AMPE on the road. A bit of patience is all that's needed to get there ??
@slugmum
agreed, it is well overdue and is becoming a deterrent to investment rather than a reason for investment.
it is well over a Year now since we expected an IPO or sale, we were guided to expect as much. forget the excuses of the last year , war, inflation, blah blah . Dynasty could have and should have reguided after their failure in Q1 22.
we now approach end Q1 '23 and still nothing from the Dynasty bunker !!
You need to recognize market conditions are poor. I'd rather a robust IPO rather than one for the sake of it. Dynasty continues to grow - that is good news. IPO will be stronger this way.
Dynasty really need to pull their finger out
They were supposed to IPO almost a year ago
Tony needs to constantly be all over them applying the pressure to produce a result
The RNS's we've had in relation to Dynasty have been quite weak in terms of content... there has been very little in terms of what these contract wins are worth to the business from a financial perspective
The last update from Dynasty was almost 6 months ago - surely BLU as a shareholder of Dynasty are due some sort of update from them very soon.
also despite the granular holding would have hoped to have heard a bit more from Fingopay too... after all the only way to get exposure to Fingopay is through BLU. Should Fingopay make a success of one of their products it could spark some new buying pressure here
No qualms from me regarding Satoshipay.... we finally got some jam... I just hope their associated products now start to gain some traction
Gazz - for the record it turns out that figure is pure crypto not CBDCs - apparently since 2021 95.5% of the population have refused to use the e-Naira. surprisingly nobody trusts the Govnt.
We are thrilled to announce the maturation of our Pendulum leadership team, with Daniel Kisluk and Torsten Stüber taking on the roles of Co-founders. Having achieved major milestones such as Pendulum’s launch on the Mainnet and the listing of the PEN token, the time has come to structure the company and optimize for success and scalable growth.
Scaling the Team
The decision to construct the Pendulum parachain on Polkadot was partially driven by the technical scalability advantages provided by the Polkadot infrastructure. Similarly, expanding Pendulum’s leadership team with the addition of new co-founders enables the company to manage our growth and scale up operations effectively. Daniel and Torsten will be joining forces with the existing co-founders, Alex Wilke and Meinhard Benn, in a collective effort to guide Pendulum toward greater success and impact.
Summary
We are delighted to announce the addition of Daniel Kisluk and Torsten Stüber as Co-founders, joining existing Co-founders Alex Wilke and Meinhard Benn. Together, the Pendulum team is ready to scale up operations and continue our journey toward building a more financially inclusive world. Join the Pendulum community on social media for the latest updates and to find out how you can be part of the growing team. We’re excited to have you join us in connecting Forex with the world of DeFi!
About Amplitude
Pioneering the internet of fiat. Amplitude is the sister network of Pendulum on Kusama. It will act as a testing ground for Pendulum applications and network parameters and be powered by the AMPE token.
About Pendulum
Building the missing link between fiat and DeFi through a fiat-optimized smart contract blockchain based on Polkadot’s Substrate. Allowing traditional finance fiat services to integrate with DeFi applications such as specialized forex AMMs, lending protocols, or yield farming opportunities. Developed by SatoshiPay.
lets hope so, goodness knows BLU share price needs it as this is tedious, death by a thousand cuts.
anyone know if TF has got the valuations of Dynasty and Satoshipay underway yet, they can not come soon enough !!!
Have to be honest - I havnt researched the politics - just the stats so will take a deeper dive. tHanks.
taking shape
https://pendulum-portal-alpha.netlify.app/amplitude/bridge
@ragnarr
its a trade, hedge the risk ;)
PS -Looking at recent developments I have a feeling the SEC will loose or come to agreement re XRP - of course its a gamble but I am accumulating a few.
Sorry to be off topic everyone.
Blu - not sure if I have posted this previously but Chainalysis produce a ‘ Geography of Cryptocurrency Report’ Its well worth the read for anyone trying to get to grips with Crypto adoption. An excerpt is here but you can download the full report FOC
https://blog.chainalysis.com/reports/2022-global-crypto-adoption-index/
@ragnarr
agreed, you talk sense !!
atb
blu
Blu / Gaz - completely agree - my comment was slightly tongue in cheek - 8000 odd live coins out there and most are nonsense. Having said that there are over 4000 banks in USA alone, how many of them will survive the digital era over the next ten years.
I think Its regulation that will be the big sea change and the real business case projects will then thrive and potentially become some of the next batch largest companies and point in case for pendulum - 57% of the African population do not have a bank account, yet for example in Nigeria 45% of the population own crypto
investment banking at least has intrinsic value..
i don't doubt some crypto will survive, but some , even with all my years font line experience, i can not even begin to find value in.. dogecoin... what the hell is it, what function does it serve, how does it have that market cap? incredulous !!
i would suggest banking is in a rut not a bubble, consolidation will ensue, but the banking industry now has very real competition, which is good for a market !!
credit suisse has been poorly run for nearly a decade now, the signs were there for all who knew where to look !!
on the crypto side i have done something i had thought never, i have purchased a chunk of PEN, i am convinced of a case for investment here.
your caveat " no advice intended" is well placed by the way, my posts are aimed at those who think for themselves.
In November 2017 Tidjane Thiam CEO of credit suisse tweeted that Bitcoin was a bubble and interest in cryptocurrency would wane - In that tine Bitcoin is currently 300% higher and Credit Suisse stock has lost 90% of its value - Banking is the bubble :-)
PEN - no advice intended.
@ragnarr
what do you perceive will be most valuable , based on £100 investment, over the next 18 months.
BLU shares or PEN token ?
i surprise myself in believing it will be the PEN token.
Dave - it certainly looks like all the jigsaw pieces are slowly coming together. One thing that has caught my eye looking into this latest development is CBDCs (which all govt will be using in the not so distant future)
Back in 2018 the. Brazilian Central Bank launched the Laboratory of Financial and Technological Innovations(LIFT) a sort of banking technology think tank made up of a committee of Central Bank officials and National Federation of Central Bank Servants (FENASBAC). nTokens’s was the first approved project with specific application of blockchain technology on the tokenization of money, cross-border payments and stablecoins, and since then a new instant payment service in the Brazilian financial system has been launched called PIX - and ntokens is the first stablecoin to integrate.
But most interesting is a comment from a recent meeting
‘One critical step of the project was to provide a solution for an eventual CBDC deployed as a national digital tender. Support by Central Bank officers and the open, academic-style debate of LIFT meetings were key to having our prototype fully CDBD compatible’
Like Ragnarr has mentioned quite a few times. In maybe 6-18 months this could be worth a lot of money. I'm here to fully see the value out and Dynasty :)
Thanks
So it looks like we have Pendulum initiatives in Africa, Europe and South America via Brazil - just Asia/Australia/NZ to go.
Genuinely looks like things are moving on speedily.
PD
Pendulum & nTokens: A New Horizon in Latam
Pendulum is excited to join forces with a new partner in the Latam region, with nTokens joining our network. This partnership provides more options for businesses and users of the Brazilian fiat currency to utilize Pendulum’s infrastructure. nTokens is a tokenizer based in Brazil that specializes in generating compliant tokens. They have been operating their BRL stablecoin, nBRL, for over three years. Recently, nTokens was accepted into the Brazilian Securities Commission (CVM) Sandbox program as an authorized tokenized market for startup securities.
nBRL Brazilian Stablecoin
Through this partnership, nTokens’ nBRL stablecoin is now linked to the Pendulum ecosystem. The goal is to provide users of Pendulum and Polkadot networks with access to a stablecoin that is compliant, 100% convertible, and fully reserve-collateralized. nBRL is redeemable 1:1 for BRL with settlement via PIX. nBRL is 100% backed by deposits in Brazil. This partnership will also increase interoperability for current Stellar network users who hold BRL tokens. This partnership will provide a secure and efficient means of holding and hedging BRL currency exposure within the Pendulum ecosystem.
Pendulum’s Internet of Fiat
Pendulum’s mission to enhance financial inclusion globally involves integrating fiat stablecoins from multiple countries. With our partnership with Stellar, access to a diverse range of stablecoins on the network is made possible. The Spacewalk bridge connection between Pendulum and Stellar, along with all Polkadot Substrate chains, enables the use of Stellar’s stablecoins for various DeFi applications on Pendulum.
Furthermore, the upcoming launch of the 0xAmber Forex-optimized AMM on Pendulum will provide liquidity pools for multiple stablecoins. Unlike traditional AMMs, 0xAmber operates as a PMM or Proactive Market Maker, which avoids causing any impermanent loss for liquidity providers.
“At nTokens we are excited to begin this partnership: we have been working for a while towards this and in the process only got more confident on the alignment and capability of Pendulum team.”?—?Thomaz Teixeira, nTokens CEO.
Summary
The partnership between Pendulum and nTokens will provide a whole new ecosystem of opportunities and use cases for BRL nTokens’ users. It also offers a reliable way to gain exposure to one of the top 20 most traded currencies in the world. Be sure to stay informed by joining the Pendulum community on social media for the latest updates. We appreciate your involvement in connecting Forex with the DeFi world!
About nTokens
Brazil-based tokenizer specializing in compliant token generation. Operated the nBRL stablecoin for over three years. The Brazilian Securities Commission (CVM) Sandbox program has authorized nTokens as a tokenized market for startup securities.
Looks like an opportune time to be entering the African market place
Nigerian president-elect aims to use blockchain technology in the banking sector
https://cointelegraph.com/news/nigerian-president-elect-aims-to-use-blockchain-technology-in-the-banking-sector
CoinMarketCap now displaying pen prices - progress!