George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Understand there's been a HL update? Looks like they will handle the transfer of tokens to a wallet you provide details of in writing. All's well that ends well.
Hi guys
Sorry I've not really check in on here and quite alot of new developments!
I'll try to only add new information.
The napster universe or whatever its called is now accessible. I've been in it. They have chosen Ric Wilson as an artist, presumably big enough but not too big as they iron out kinks. His particular artist "Metaverse" is a bit like a recording studio apartment. You have your own avatar/character and can run around (and jump for some reason). I think the character will become customisable, and you'll be able to buy merch for your avatar. You can talk to other people who are in the Metaverse space too, though I've only seen two other people in there so far. There's not really much reason for people to be in there unless there is a event on. . . Ric Wilson is supposed to be launching his new single in the Metaverse in the coming weeks. I haven't seen any dates but I will definitely be attending.
Please do ask questions and I'll get back to you on them!
Great to hear that others are getting their tokens! Let's hope for an exciting time in the coming months!!!!
Hi Jambor and Trousers!
I'm afraid you will not be receiving Algorand Tokens.
The tokens you will receive are are called Napster Tokens and are abbreviated to NAPS. The tokens have no current value as there is no market for them. Logically, being owned by Algorand they built on the Algorand chain, which is perhaps where the confusion arises.
The first NFT seems to be available in a prize draw. Seems like entry for the prize draw is a reward for subscribing to some form of white paper. The NFT will allow users some benefits, including early access to various things. I like the graphic design.
Enter for yourselves, or simply have a look at;
thecatisback.xyz
In my case after submitting the forms I received the tokens next day, however that has not been typical. From initial contact to it took three weeks.
Yes, I did see the farm out option was on the table. Would this be just for this well (3bcf?) I understand this kind of works out as a royalty almost, any indications on what sort of rate this may be? Is there an industry standard or anything?
The math is pretty much correct trousers! The wallet I used was called Pera Wallet but essentially yes its an Algorand wallet.
I had approximately 2700 shares
I think March is a good guess in terms of timeline for setting value. I have subscribed to the app and they have been updating the UI fairly regularly. I also have Spotify so compare the two often. They already have different offerings.
Interestingly Napster recently launched a store to sell Napster branded merch, but it was interesting to see that play out from within the app. The experience started in app and took me to a webpage. I imagine this was a test of sorts for artists to be able to sell their own merch, and more importantly to the web3 element, NFTS within the ecosystem
Yep I got about 330,000 tokens. I had to set up a crypto wallet to receive them as my broker's also will not support them (my broker's being trading 212 and AJ Bell) yes with Hargreaves Lansdown you'll definitely be stuck in the mud. I'll get back to you on the tokens per share will have to check. As for the value that will not be revealed until public launch of the network.
I know of someone who was holding in a SIPP and has decided not to take custody of the tokens as this could potentially generate a taxable event for him. Instead he has come to some kind of arrangement I don't the specifics but it's something along the lines of the tokens allocated to him will be sold on his behalf by Napster at his request and the proceeds given to the broker and then in turn to him. This way he will still be able to enjoy the tax benefits of the SIPP.
I think it's highly unlikely you will be frozen out completely. At the moment the broker's point to Napster as the delay and Napster point to the brokers. Ultimately Napster have shown willing to give the tokens to the brokers and the broker's refuse to accept them, so Napster again show willing to pay the beneficiaries directly and at least one broker has blocked this from happening for their clients. I believe Napster will do the best they can on their part to get tokens to you, or at least the (as yet undecided) value of tokens to you.
Quick question, what happens if both helium 1 and Nobel strike the helium system how does the helium get shared between the two companies?
Thanks Prae. Love a telegram group and have just joined see you there
Hi Guys, New to Helium One (and this type of exploration/mining world) so please bare with me!
Looking at the Rukwa Project specifically, its billed as boasting as much as 138BCF of helium, in the generous and hopeful view that this is accurate, and the drilling is successful e.t.c am I correct in thinking its potential value is approximately 60billion USD at todays prices. What realistic ratio would the value of a operating mine on top of 60Busd worth of helium have with market cap?
Once TD is Reached what further investment costs would lie ahead on the path to "production".
Thanks for your help in advanced I see we have some very knowledgeable posters!
Sorry Tubs, I've not checked in here for some time! Some of us have received tokens already, myself included. To do this we had to liaise with Napster directly, however Hargreaves Lansdown has blocked Napster doing this for their clients, so if you're with them your saga will continue for some time to come
Kaba I don't believe the napster network has publicly launched yet and so theres no market for the tokens for now.
Glennstar, that is certainly possible and also probably likely. I have just checked the chain and no one has received tokens in the last twelve days so maybe this holds water
Yes agreed that they have ultimately played fair in regards to payments. The CFO personally arranged the transfer of my tokens and seems like a genuine guy.
Re H&L, the information came from Napster's end, and was relayed to me by a fellow investor. If you are with H&L you will not be receiving your tokens this way for now, as H&L are currently blocking this process. H&L will be reviewing the process and if they are satisfied with it then it will be offered once again for H&L clients.
Seeing as they are unwilling to handle crypto I imagine they will ultimately be satisfied with the principal of the process, however may put in place additional authentication.
Just to let you know H&L have requested Napster cease distribution of tokens to their clients immediately while they review the procedure.