KR1 March Update 😷

Acala Investment

We are pleased to announce we invested in the Acala Network project, it’s The Acala Network is building decentralised finance infrastructure for the much anticipated Polkadot ecosystem. The core offering will be a stablecoin, A secondary offering of the Acala Network will be a liquidity protocol for staked digital assets. Utilizing Acala’s to-be-released liquidity protocol, staked Polkadot (“DOT”) tokens that are earning yield can become liquid and tradable.

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Revenue from Cosmos Staking Yields

We are pleased to announce some good news on our Cosmos Staking Revenue. Since June 2019, our last staking announcement, we generated a further 54,194.25 Cosmos ATOM tokens from staking activities of which 37,274.63 ATOM were sold at an average price of $4.51 USD per ATOM token, generating $168,197.12 USD for the Company.

What next for our Cosmos Atom Staking?

The Company plans to maintain its staking of a large majority of its ATOM position to continue generating revenues for the Company’s operations going forward.

Extreme Bitcoin & Crypto Volatility

Earlier in March Bitcoin had it’s second-largest ever drop in price, pretty much all other crypto markets similarly. Since then everything has recovered but that day many people and entities were caught off guard, even some crypto hedge funds shutting down. Read our explanation on what was going on and how we navigated everything below.

Social Distancing & Crypto

It‘s been pretty much business as usual in our blockchain-nerd days’ as we’re remote-first anyway, most of our portfolio companies are as well. We have held all of our meetings in Zoom or Google Hangouts for years. At crypto conferences, we fist bump and rarely shake hands as it’s a medieval practice. We feel COVID has had little impact on work being done in the crypto space, though in terms of raising capital, that’s a different matter perhaps. Conferences have all been cancelled or gone virtual like Ethereal and Epicenter.

Brrrrrrrrrrrr…

Part One: 2008 & Satoshi, who?!… Part Two: 2020

In 2008 we had the financial crash, which has been eclipsed by 2020’s COVID catastrophe. As we wrote about in our blog we believe we are now about to enter the Decade of Decentralisation with COVID being the catalyst. In 2008 Satoshi Nakamoto’s message embedded in the Coinbase of the first block focused on the insane measures governments and central banks took back then. Welcome to 2020, what would Satoshi say today?

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The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
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Another KR1 Award!

KR1 in the Media

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KR1 plc is Europe's leading publicly listed investment company focused on blockchain and decentralised technologies (KR1:AQSE). KR1 was founded in March 2016.

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