Member Info for ragnarr

But Pendulum will also gain value from the Dapps that work off the blockchain. The recent update confirmed that Pendulum have retained 5% Amber AMM (AMBR Token) – described as a ‘Uniswp’ type Automated Market Maker (which is set to launch with Pendulum) Now I don’t want to get all rampy here but Uniswap current market Cap is 4.9 Billion USD.

And with the Pendulum grant programme One would assume that Pendulum will also take a percentage of tokens in many new Dapps launched on Pendulum as well.

On top of this I assume Pendulum will also be taking transactions fees which although are very small is relevant to the number of transactions. Total Defi transaction are about 200 billion per year.
As far as DTransfer goes all I can say at this point is the Cross border payments market is worth around £200 trillion per annum so we will have to wait and see how that pans out, but the companys recent comment confirming Satoshipay current valuation of GPB 4.8m ‘could significantly understate it current market value, is I believe, quite relevant.
All just IMO.

1/2
On the question of valuing Satoshipay it is almost impossible at this stage, because everything depends of the successful launch of Pendulum, which in turn should set the re-launch of DTransfer, which in my view is where the real ‘unicorn’ possibility lies. It was interesting that the recent update stated Satoshipay is generating revenue and expected to be profitable this year. This was a surprise to me as I am not aware of any legacy micropayment revenues so the income must be coming from DTransfer. In 2020 after the launch, they did confirm that they had connected to Banks in Europe, US, Mexico, Asia and Africa and had signed up a ‘European business operating in sub-Saharan Africa, so it would seem there is ongoing business
However before we get there we will be able to evaluate Pendulum in the coming months as the recent update confirmed that Pendulum would retain 5.5% of PEN tokens, so once the token has been launched and available to trade we will have a PEN market cap of which Pendulum will be at least 5.5% of.
look at existing Parachain Market caps. The highest is Moonbeam with a fully diluted Market cap of approx. 467m USD, Astar 273m USD, Efinity 217m USD, Acala 183m USD although there are ones much lower – the lowest being Interlay at 40m USD.
Each Parachain has a very different scope, function and scalability, so as Pendulum is a platform for Dapps to integrate with It is highly scalable and more of the likes of Moonbeam and Astar (I think)
Remember that the current market caps of these Parachains is a fraction of what they were a year ago – Moonbeam Market cap peaked at 1.21Billion when if first launched but crypto winter has since taken its toll.

Sorry meant to say click on the Rococo chain (top right) to see the current Amplitude network

Anyone wants to see the Parachain network Amplitude is connecting to
https://dotsama-channels.vercel.app/#/polkadot/acala/assets

A little preview of some Amplitude dashboard development
https://master--pendulum-portal-alpha.netlify.app/amplitude/collators

Steamy - I think it is clear that events have affected the proposed Dynasty IPO timescale. Firstly it would be madness to attempt to do so the current Bear market, and with the growing number of partnerships I think it is the correct business decision to have delayed and concentrate on the growth to achieve a far higher valuation in the longer term. Frustrating for holders in the short term and certainly a large contributing factor in the SP decline as most expected something by now and Derek Lew just let the uncertainty continue.
Tony has now made the situation very clear with a 12/18 month roadmap and with the following comment made I do think patience will be rewarded (especially at the current SP)

“In terms of new business, Dynasty has a large number of contract discussions ongoing with large global telecoms operators and tech businesses. The scale of these contracts is expected to be significantly larger than the company's existing partnership agreements and, if secured, will position Dynasty as the global leader in B2B white label gaming platforms.”

Global cosmetics Industry
https://www.gcimagazine.com/ingredients/launches-claims/news/22471326/labskin-20714-labskin-x-university-of-bradfords-centre-for-skin-sciences-introduce-labskin-m?utm_source=newsletter-html&utm_medium=email&utm_campaign=GCI+E-Newsletter+09-27-2022

Interesting little development
Shiseido to acquire Microbiome Skincare Focused Brand Gallinée
https://corp.shiseido.com/en/news/detail.html?n=00000000003488

This is exactly what was requested and required - a breath of fresh air. Thank you Tony - onwards and upwards.

Bennacolli1 - I agree. It has seems to me that the revised revenue announcement heralded a more conservative ‘under promise and over achieve’ approach which is most welcome change , and I think required for the company to gain back some credibility.

So much to be positive about so Less hype Let the facts speak for themselves

momoni - :-))

Odd movement last couple of days on very small volume

Lets not judge gents, none of us know the circumstances and I am sure we have all intended to do one thing but circumstances have meant we have to do the opposite.If it is Duke selling at these prices it would indicate a pretty good reason to do so.

BLU stake in guild now worth circa £750k

Muscles
Of course my posts dont affect the price - did you think they would ?

Muscles - what is really funny - is you thinking that you are funny :-)

Really informative paper published regarding Stablecoins - it long and in depth

https://deliverypdf.ssrn.com/delivery.php?ID=601116105008115120107028068072065105042086062072079074028085122029086065031104112120107060033115123035020100117023108011079030043086006050076113019084076079103088119064015034123067027001074112031018110069114021006016111074007091077091121080119114120086&EXT=pdf&INDEX=TRUE

All the more relevant for Pendulum as Tether USDC in now supported by Polkadot
https://news.bitcoin.com/tether-reveals-usdt-stablecoin-is-now-supported-by-polkadot/

Guild moved up sharply today

EU Finalizes Legal Text for Landmark Crypto Regulations Under MiCA
https://www.coindesk.com/policy/2022/09/21/eu-finalizes-legal-text-for-landmark-crypto-regulations-under-mica/

Although most of my focus is on the Satoshipay investment I Thought It would be a good idea actually review the companies holdings as there are clearly some write offs as well as the ‘star’ potentials. Hopefully Tony will see this and start off his new tenure with an open and honest update.
Guild - current value approx. £400k
Dynasty - current value approx. £4.8M (based on a 50m USD fund raise valuation April 2021)
East side Games (leaf Mobile) - value approx. £110k
Googly Esports - value zero
The Dibs Esports – Value zero
Diemans Esports - Value zero
The Drops Esports - Value zero
Formation Esports - Value zero
Satoshipay – current approx. value estimated at £4.5m (based on last fundraise in 2019)
Sthaler – current value approx. £387k
NFT Investments – current value approx. £200k

Total value currently around 10.5m with approx. £200k in cash
So without concrete progress and or updated valuations the SP has now fallen well below NAV and currently represents good value so I personally don’t see any further significant drops from here

It looks to me that all the e-sports start-ups are basically write-offs. There has been talk about Googly Esports doing something, but the latest set of accounts (Sept21) it states:

“On October 2021 Googly Media Holdings Pte Limited, a Singaporean entity, acquired 100% of the Company from the shareholders with the intension of creating a group with sufficient funding to recommence the esports business plan originally proposed by the company.”

So I think we can thank Derek Lew for this lot of wasted investments and hopefully Tony will come clean and start with a clean slate.

The reality is that there are only two potential blockbuster investments, Guild, Sthaler, East side games and NFT investments may well grow from here but in the scheme of things it only is Satoshipay and Dynasty that have the potential to substantially increase the SP from here.
I think based on the last years activity with Dynasty it is almost certainly now worth considerably more that the last valuation but I think we are in the hands of market conditions before we hear of IPOs or Buyouts again.
Satoshipay for me has the biggest potential by far but at present it is only that. Everything is all being developed according to plan but it is still months before it is launched and then proven.

I am not being negative here just trying to be realistic to manage my expectations. Lots could happen to trigger off the upward movement once again, A decent Dynasty update with some financial background, Buy out/IPO or possible further VC investment in Satoshipay. Certainly a successful Polkadot launch for Pendulum and PEN token with known tokenomics will put a basic valuation on Pendulum far higher than currently provided for Satoshipay, and further down the line successful monetization of Pendulum and Dapp integrations, cross chain bridges, AMM forex trading and re-launch of DTransfer.

Lots to look forward to