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Polkadot holds gains over $40 following 18% jump on ‘Parachain Auctions’ news
Polkadot holds gains over $40 following 18% jump on ‘Parachain Auctions' news

Jordan
Major
11 hours ago
3 mins read


On-chain governing council members of the Polkadot (DOT) network have given their unanimous permission to hold the first parachain auctions, a major accomplishment since it brings the last key technological aspect of the whitepaper to fruition.

Indeed, next month the highly anticipated parachain auction procedure, in which projects will be given slots for construction on the Polkadot cryptocurrency network, will take place.

Currently, the ‘Ethereum-killer’s’ launch of parachain auctions has led to a price rally for DOT up 18% in the last 24 hours and up 28.08% over the previous seven days.
I'm still a holder and not sure how this will affect SP but makes me wonder, I don't think DOT was this high when SP reached ATH so maybe a good upside will happen. I shared this snippet because it states this is the last key development to fruition to the WP. It means they made it despite all others, they maintained their focus and hopefully when they mention DEFI its DOT. If and a big if it goes to 90, SP will and must surely follow and if it tracks to 60 even, SP should be higher. Yes, this means if DOT goes down SP may because prople will sell but this Company has others and I think we have other DOTs in our portfolio. Sorry, I can't keep up with the names or values and don't buy direct into Alt, this one is enough and hope it helps with retirement plans, anyway, ATB

Parachain auctions on Nov 11 to increase price according to some with DOT price reaching up to 90 by Oct 22 or 60 end 21. It makes no difference if it has no impact on this SP but nice to hear that there are established and part of the BC community and not about to go anywhere soon. Let's hope for a blue day after dropping for a few days.

It's a conundrum for some but to me, it's very proper to link to NAV as this is the incentive and its the business that they are in, if the performance fee is linked to SP and they artificially or through their mates hike it up so as to cash in, what then would the PI say. This shows complete transparency to the shareholders and if NAV moves up, they are rewarded, this is the proper approach and I'm sorry to disagree with you. This is not the same as the huge payout WPP made linked to Sir Sorrel which I recall ages ago. That was a services industry and it was linked to TO I think. Anyway, the exchange that Arsenal was in held them in good stead and I don't think they ever moved and look at the SP

Another resounding reason this should be locked away until it meets ones target price. 7 years is a huge commitment and let's hope some uplift in NAV which is all linked to their KPI. Market likes it, let's hope for a better SP level. ATB LTH

Same here but then comes this great investment and I think end Sept, update is due.

Is this not significant. Globalco jointly applied for patent. They would not do it just to please hemo unless together they will work towards finding a way to monetise it.
They had a choice and could have said, not keen, you apply yourself.
The Company has made further patent applications in relation both to HEMO-CAR-T and to the CDX bi-specific antibodies, the latter being a joint application with GlobalCo. Further information will be disclosed regarding these in due course.

I sincerely hope that the Directors and Advisors are made aware of this and take note of what is going as prices and exchange platforms also form a reflection of their overall management of the Company and not just their astute investment decisions.
I wrote to their advisors and a gentleman named Charles once, when results were due and he responded, may be time for shareholders in a collective persuasive manner let him know. Just MHO

I was about to say something nasty about those who tend to deramp but its not polite but this RNS is very positive and I am replying to this gentlemans post, not to highlight Thoth2's 17 by today which will be nice BUT more to share this insight as to the direction the company is heading, yes, this is not a small cap share BUT who cares, frankly I am hoping that some big pharma recognizes the value of this Company apart from the market. I have not been a LTH but I was 1 of those xxx who bought on the day that some Chinese company pulled the plug on a JV and lost immediately 30% so feel relieved that I did not put into another share whose name I will not mention but that was a right royal screw up by the CEO, anyway, I am sincerely wishing you all the best, its got the patents, come get us

Thank you. Lots of insight. Showed credibility. Hoping they consider moving up the II chain, enlarge their capital base, use the profits to reward shareholders. I still think these shares are a good hold but it needs to be trading at a level closer to 2.00 but I guess, I'm biased but nice to see a steady rise and volume. ATB

Again with the NAV. Not all SP prices need to peg to this. Did the report not say 30m profit and you keep dragging the SP to NAV. Thank God you're not a financial advisor but please don't deramp, it made a profit. Highlight that.

Wait or hold for 3 to 6 months unless you sell and find another sure thing but is there one. Derisked with good decisive action on funding thank you HNWI, still curious though who it was and doesn't that make you wonder, not to hike up the price but stay secret for fear SP will spike further I guess. I'm no expert but the science does actually make sense for a TO IMHO, not saying I won't sell when I have impending obligations but I'm holding

https://decrypt.co/74039/long-on-bitcoin-ethereum-and-polkadot-inside-chinas-most-successful-crypto-venture-firm
I caught this article and to show holders here that these Chinese team have such belief in ICP and DOT despite all and they believe in the future of DEFI and BC just like us. Just wanted to share. ATB

Its a good appointment.
I have changed the heading not to give someone credence over the relevance of the appointment. This Chinese lady is astute, why would her personal matters cloud this appointment. My goodness, seriously, are we that hung up in this day and age. What can her experience add to this, electricity battery, hot market, she is being leveraged for something which is what management has in mind, lets focus on that and not what TB is doing, wow, how long is this going to last, they are doing what they are doing, thank God, posters here do not carry that much weight on BOD and maybe SP. ATB

I think the reason for the rise is obvious. Its not inside per say but mates who talk and share. All those who are LTH, happy for you. I think they know who this HNW is and they continue to believe and of course they may have been privy to certain information that was not deemed inside info but convinced him or her to invest. I think it's a great endorsement and let's hope something great happens. I know we can all use it.

Thanks Melissa saw that, wasn't sure if it's a good or bad thing to do for fear of drawing attention to NAV again. Having said that, the returns are still exceptional and DEFI is looking more mainstream so our founders may have hit the jackpot, we shall see. ATB LTH

Good question but not sure apart from the directors who should be looking to update us re final results.
Looks like we are going to be linked to nta otherwise not when dpt went Ath. Look at ATA what did we invest, what ROE did we get. Nice if people look at that as well since we are a digital assets investment company. Anyway, need to turn blue one day from these levels.

It's a very encouraging sign and a huge endorsement and at a premium. Astute and ATB to LTH. Once momentum is sustained and more pipelines news and results, successful of course arrive, I think 5 to 10p short term looks realistic.

Sorry to agree with you again Melissa but the Company never said that, this person just made a remark that the results were released later last year than previous years. Let's assess the results whenever it's due and I'd really like a pleasant upside on few fronts, listing status, migrate, staking, holdings of BTC, only to appease the NAV chaps , status of new investment, dividends, pretty please and just their direction for next 12 months despite the volatility. I'm not going to have high expectations because I may see a statement like, market uncertain due to current volatility and some person is going to highlight that to try to drive SP down rather than hopefully highlighting the incredible returns the company or as someone put it, 2 guys buying and selling digital assets!

Came across it Tuesday I think it was a day old. Not ages ago or with any intention to lead anyone to buy or sell. I'm not a trader, I'll shave it reaches 3 very fast but if gradually reaches, I'll hold to compensate for massive hit on a small cart pharma stick, very unwise director. But 70% sharp drop, 1 door closes, another hopefully opens but DOT and Dfinity are doing some amazing things and lots of token offerings on BC embraces widespread acceptance amongst these developers. DEFI too, just really hope a dividend will be coming, my wishlist

Hope you don't mind me posting this, I'm not here to discourage BTC but to highlight DOT and Dfinity is doing well on its own and their value will move and that's the premium these shares have. Stability is crucial, sadly not for traders I suspect. Nice to see it up and hope it continues for all especially those who bought at higher levels even when DOT was not even at its ATH. ATB

Digital asset investment products saw another consecutive week of net outflows, with a total of US$97 million, another new record for outflows, according to CoinShares. But the outflows, at 0.2% of total assets under management, remain low compared with net inflows of US$5.5 billion in the year to date (11.8% of assets under management). “Regardless, it represents a net change in sentiment following increasing regulatory scrutiny and concerns over Bitcoin’s environmental credentials,” the report said.
Despite declines in Bitcoin and Ethereum, altcoins — typically coins other than Bitcoin — saw continued positive sentiment, with inflows totaling US$27 million. Multi-asset and Polkadot investment products saw inflows of US$7 million and US$5.5 million, respectively.
Bitcoin had outflows of US$111 million and Ethereum saw minor outflows of US$12.6 million following a long run of record-breaking inflows totaling US$924 million in the year to date (8% of assets under management).
Proof-of-work and proof-of-stake are two differing consensus mechanisms that can be used to secure a blockchain network. Both Bitcoin and Ethereum run on PoW systems, in which miners solve complex algorithms and are rewarded with cryptocurrencies, requiring huge amounts of energy. PoS is a more energy-efficient method in which validators lock up their cryptocurrency to secure the network. Ethereum is moving towards a PoS consensus with Ethereum 2.0, and its total energy use is expected to fall by at least 99.95%.
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