Member Info for Brassneck

Happy to pick up £8150 worth at £1.665 across 4 trades. It must rerate soon based on fundamental value

Hope so splatted. I think all the trades at 15.45 are buys. Two were mine at 8.27 and 8.28 for £4.3k.

I’m certainly open to alternatives hence why I posted my approach. I do feel it’s difficult to value KR1 as on one hand there are the potential huge gains on yet to trade tokens such as PLM, HDX, BZZ, ACA and Vega if they turn out anything like LDO and yet the portfolio investments are hugely volatile, positive this week but easily negative next week or next month.

The staking operation may turn out to be very lucrative, especially if the likes of DOT keep appreciating.

However it turns out it’s a pretty exciting time to be invested in KR1. Good luck with your holding.

Roley, from my weekly update on valuation over the last week portfolio value is up £60m and annual staking revenues up £4.2m/yr (assuming they yield the same number of tokens based on today's prices and excludes LDO as I haven't got a staking metric for that yet given the initial investment was only RNS'd in December but the $150k investment has done quite well as now worth $21.9m!, 146x return in 4 months).

On my PE ratios of x1 for portfolio value and x20 for staking revenues that would mean the share price should be £1.10p per share higher this Sunday vs last Sunday. Last week it was at £1.93.

Enterprise value would be £575m or £4.37 per share based on £227m portfolio and £17.4m annual staking revenues.

At £1.90 per share on Friday this is way, way undervalued.

Ignore that last post, DFN was renamed ICP! Apologies

Not sure where the ICP holding comes from though. I thought they held DFN tokens according to the 2018 RNS as part of dfinity network not ICP. DFN being around $80-100 per token. If anyone has a source for KR1 holding ICP could they post it please as that would make quite a difference.

Just hit the big 40

Apologies for the long post but the Zcash performance has got me thinking about how this shows up in ARB's numbers as i can't find anywhere that they declare specific HODL numbers for this and it doesn't get much air time on this thread. Hopefully someone can confirm if my logic on BTC equivalent therefore stacks up.

I assume Argo calculate Zcash value and convert to BTC equivalent and report it in their BTC HODL. So if at the end of February say 50 of the 599 was Zcash BTC equivalent, as Zcash has outperformed BTC this month the 599 would increase.

By my figures (rough numbers) if it was 50 and BTC was $48k at end Feb that's $2.4m. Zcash is up 50% so now worth $3.6m and BTC is $60k. So what was 50 is now 60 BTC equivalent. The 10 rise reflecting the outperformance of Zcash.

When we get the new HODL for March I would there fore expect the 599 to go up by the BTC and Zcash mined plus a boost for the outperformance of Zcash.

As i say the numbers are for illustration as i don't have any exact numbers on Zcash holding or mined quantity. If they mine a lot of Zcash then that would also boost the BTC equivalent for the month. My 190 forecast might need upgrading now!

Any feedback or comments on this would be appreciated.

186 seems par for March, 6 per day. Anything over 200 will be excellent. Feels like margin will be up as btc price higher and difficulty not moved much. 85% possible.

I’m assuming over 190 and fomo got the better of me and so added 20k shares this week.

Dot is soaring, up another $ since my earlier post so that’s another $3.5m on the portfolio value

Completely agree Phoebus. I started tracking all I could find on their declared positions from Sunday. Since then in £ terms the portfolio is now up £16.5m. Staking revenue at the revised prices is up £1.5m per year. With conservative ratios of 1 on NAV and 20 on staking revenue that would equate to 35p on the share price which was £1.93 so £2.28 minimum.

Just need to sit tight and hold or add in these situations. I did get an extra 1930 shares at 1.88 today.

At some point this will re-rate. Only problem is the full year results will only go to end Dec and most of the gains have happened since then so they won’t reflect the latest position.

You would think the City could at least track the Polkadot position given KR1’s holding is now $128m and potentially $17m in annual staking revenue at $36.77 per DOT.

I have some sympathy with you on the stamp front, not the headline grabbing area.

However, I think it is more about establishing the principle of limited edition/multiple version NFT which a stamp will do. In the long term it won't be individual works of art such as beeple that will drive revenue it will be limited edition NFTs of 1000 of this or 1000 of that.

The stamp proves out this concept so you could then start doing a 1000 limited edition picture disc of Taylor Swift's new album or selling the 300 seats on an aircraft with NFT tickets, producing NFT concert tickets or hotel room bookings that were also the key to the room. It's the mass adoption of the technology that will drive real revenues. I'm hoping COIN are at the leading edge of this and will be a long term player.

I agree we're in a much better place than a month ago. The upside is after the latest VISA/Paypal news I have at least been able to add 8,000 shares this morning for less than 2.45 each which feels like I've stolen them from someone.

Acala not Zavala that autocorrect suggested!

Plasm has won the second parachain auction spot. So KR1 doing well with Zavala and now Plasm. 66m PLM tokens should be worth more now too!

Zcash over 150 too, up 14%

DOT is now up $2 in 24 hours, $7m for KR1!

I don't understand why KR1 hasn't moved up this morning. Based on my portfolio calcs on just DOT, ATOM, ETH and KSM the value has gone up £5.5m since yesterday afternoon!

At least it meant i managed to get another 1980 shares at 193.7.

The VISA news on crypto will mean further adoption by the mass market and can only be good for KR1

Yes, delayed trades are normally wrong. If you look at the time and price nearly all of those 60k trades reported after close were buys when compared to the intraday prices.

These days everything should just be reported straight away but I guess that would start to level the playing field...

Coverage of KR1 and Coin
https://zakmir.com/the-best-of-the-aquis-exchange-ytd-ana-coin-kr1-life-vlrm/#gs.xahm5t