Member Info for Dadsbatty

Death by a thousand cuts here at the moment.

Nasdaq would have been great when we were flying but I agree it’s a bit pointless at the moment with sentiment where it is, hopefully we will catch another rise before we list and get the full benefit.

The huge drop in sp here is of course concerning and I think PW has been less than honest with his nudge nudge wink wink tweets etc while he unloads a chunk of his shares. However I’m not sure what he can do about the slide of btc and like it or not that is what makes or breaks us at the moment.

KR1 PLC

("KR1" or the "Company")

Investment: Divergence

KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to
announce that the Company has invested a total of US$400,000 into Divergence
("DIVER") in return for 20,666,666.67 DIVER tokens. KR1 led the seed and
private funding round, together with Mechanism Capital, with participation from
other notable funds including P2P Capital, Arrington Capital and Digital
Finance Group.

Divergence is a decentralised platform for volatility hedging and advanced
financial products centred around blockchain-native asset prices. The
Divergence team is currently developing a range of decentralised volatility
derivatives and volatility index products with the aim of becoming the go-to
platform for risk-averse users seeking to hedge both one-sided and two-sided
volatility risks, risk-tolerant users seeking to trade and gain leveraged
exposure to volatility, as well as risk-neutral users seeking to participate as
liquidity providers by funding volatility markets and earning fees.

Lianne Li and Bonna Zhu, both Co-Founders of Divergence, commented:

"From the very beginning, KR1 has shared in, and committed to, the long-term
vision we have for building volatility-based derivatives for the DeFi
ecosystem. We are deeply honoured to have the opportunity of working with the
KR1 team and cannot speak highly enough of their incredible intellectual rigour
and staunch support for every aspect of our endeavours."

Keld van Schreven, Managing Director and Co-Founder of KR1, commented:

"One of crypto's big problems is extreme volatility and Divergence offers an
innovative solution for liquidity providers, market makers and enthused
community members, to allow them to profit from volatility with higher capital
efficiency. With an impressive team, solid incentivisation mechanisms and a
great mission, Divergence is a key part of the new era of the DeFi movement."

Totally agree flowerpot, if you hadn’t and had no intention of applying at the time just say so.
Very odd all the “I can’t talk about it” stuff, of course he could talk about it and should have imo.
Anyway it comes when it comes and it only affects those that were in for the listing.
Onwards we go.

I think Botak is pointing out that he did actually say NAV could also easily halve from here.

Taking a beating today :-(

Also when the inevitable Nasdaq question arises if he just answers with I can’t comment and gives us that silly smirk then please don’t bother asking again, it’s getting boring now.

Wow, never thought I’d see Elon Musk and Gallileo mentioned in camparison !!!

March 19th 2021

KR1 also invested a further US$150,000 in exchange for 194,999.17 VEGA tokens at a price of US$0.77 per token.

This investment is in addition to KR1’s seed round participation, announced in October 2019. Across both funding rounds, the company now holds a total of 842,493.91 VEGA tokens.

Yep, Vega protocol at £37 at the moment with price search on Coinbase

KR1 PLC

("KR1" or the "Company")

Investment: Shiden Network

KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to
announce the Company's participation in the Shiden crowdloan and upcoming
Kusama ("KSM") parachain auction. KR1 contributed a total of 10,000 KSM,
equivalent to US$4,449,700 at the time of the contribution, to the Shiden
crowdloan campaign.

Shiden Network is a smart contract platform and application layer on Kusama,
which acts as a research and development chain of the Plasm Network. Shiden
natively supports the Ethereum Virtual Machine, WebAssembly and multiple Layer
2 solutions from day one, which enables various applications like DeFi, NFTs
and more.

The contributed KSM will be time-locked on the Kusama blockchain for a period
of 48 weeks and will be returned to the Company following the completion of the
respective Shiden parachain lease. Upon a successful Shiden parachain auction
bid, KR1 will receive a to-be-determined amount of Shiden ("SDN") tokens in
return for supporting the Shiden crowdloan campaign. In addition, the Company
will also receive a yet-to-be-determined amount of SDN tokens in line with
KR1's previous participation in Plasm's ("PLM") first and second lockdrop
campaign, which will be confirmed in a future announcement.

This method of token distribution involves no direct investment of capital,
instead, it is an indirect investment, similar to the Company's previous
participations in 'lockdrops', with the opportunity costs being the
inaccessibility of the locked KSM funds as well as foregoing any staking yields
on the contributed KSM for the time period.

George McDonaugh, Managing Director and Co-Founder of KR1, commented:

"The crowdloans kick-off and initiation of parachain auctions are a historic
milestone for Kusama, Polkadot and the wider ecosystem. While delivering
bleeding edge technology, the Polkadot and parachain teams are also continuing
to innovate in token distribution mechanisms, which will prove to be hugely
beneficial for the blockchain community."

Keld van Schreven, Managing Director and Co-Founder of KR1, commented:

"Plasm's Shiden Network on Kusama offers developers an improved scalability
model, high transaction throughput, cross-chain interoperability, and
considerably less time to market to deploy their decentralised applications.
Sota, Founder of Plasm, and his team are standout entrepreneurs in the
blockchain world and we are honoured to continue to back them and their
vision."

Can only be news on the way surely, it’s a big jump for no reason otherwise.
Fingers crossed.

KR1 PLC

("KR1" or the "Company")

Investment: Karura

KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to
announce the Company's participation in the Karura crowdloan and upcoming
Kusama ("KSM") parachain auction. KR1 contributed a total of 10,000 KSM,
equivalent to US$4,169,500 at the time of the contribution, to the Karura
crowdloan campaign.

Founded by the Acala Foundation, Karura is a scalable, EVM-compatible
blockchain network optimised for decentralised finance services on Kusama. The
platform offers a suite of financial applications including a trustless liquid
staking solution, a stablecoin backed by cross-chain assets and a decentralised
exchange.

The contributed KSM will be time-locked on the Kusama blockchain for a period
of 48 weeks and will be returned to the Company following the completion of the
respective Karura parachain lease. Upon a successful Karura parachain auction
bid, KR1 will receive a to-be-determined amount of Karura ("KAR") tokens in
return for supporting the Karura crowdloan campaign. In addition, the Company
will also receive a yet-to-be-determined amount of KAR tokens in line with
KR1's previous backing of Acala's seed funding round and strategic funding
round, all of which will be confirmed in a future announcement.

This method of token distribution involves no direct investment of capital,
instead, it is an indirect investment, similar to the Company's previous
participations in 'lockdrops', with the opportunity costs being the
inaccessibility of the locked KSM funds as well as foregoing any staking yields
on the contributed KSM for the time period.

George McDonaugh, Managing Director and Co-Founder of KR1, commented:

"The crowdloans kick-off and initiation of parachain auctions are a historic
milestone for Kusama, Polkadot and the wider ecosystem. While delivering
bleeding edge technology, the Polkadot and parachain teams are also continuing
to innovate in token distribution mechanisms, which will prove to be hugely
beneficial for the blockchain community."

Keld van Schreven, Managing Director and Co-Founder of KR1, commented:

"This participation shows our strength of conviction with Bette, Ruitao and the
whole Acala team to execute on the vision of Karura. Karura is set to become
the primary DeFi hub for the Kusama ecosystem, creating a new platform for
innovation and limitless potential for new cross-chain decentralised financial
services. This could be the big bang event for cross-chain DeFi.

("KR1" or the "Company")

Investment Update: Automata

KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to
announce that Automata ("ATA"), a portfolio project of KR1, has completed a
successful US$2.4 million strategic funding round that included participation
from IOSG Ventures and Jump Trading.

KR1 is also pleased to announce the Company's participation in this recent
funding round, investing a further US$200,000 into Automata in exchange for
5,000,000 ATA tokens. This investment comes in addition to KR1's seed round
participation, announced in March 2021. Across both funding rounds, the Company
now holds a total of 15,000,000 ATA.

Automata Network is a decentralised service protocol that provides a privacy
middleware layer for multiple platforms to achieve privacy, high assurance and
frictionless computation.

The Automata team recently launched their first product 'Witness', an off-chain
governance solution for voters that do not wish to reveal their identity while
participating in governance at zero cost, which supports Ethereum, Binance
Smart Chain, and other Substrate-based EVM-compatible chains.

In addition, Automata Network is also developing a 'Miner-Extractable-Value'
minimisation solution, 'Conveyor', which aims to solve the front-running issues
as it ensures that transactions are arranged in a way that makes it impossible
for malicious actors to exploit other participants.

Keld van Schreven, Managing Director and Co-Founder of KR1, commented:

"From Automata's technical progress to the partnerships made one after the
other with the industry leading projects, it is apparent that Automata has both
the vision and the ability to execute. Our support of Automata Network speaks
to our commitment to the sustainable development of a privacy-focused
decentralised web, and we look forward to seeing more great work from the
team."

Poor Phoebus getting a bit of stick today lol, he’s been here a long time and has always erred on the side of caution to be fair and is in his rights to post his thought I reckon.

Lots of punters say they are long but if you are truly long and have really mentally accepted that you are ,then trust me, you will not flinch with all these big swings and you will be pretty chilled throughout as I am. Once you’ve honestly accepted that it’s pretty cool.

I won’t be selling before the weekend, I’ll see where we are after another 52 weekends and decide

Still two days left Bernard :-)

Can I take my tin hat off yet ?