KR1 Share Discussion Threads

[justintime9] 07/9/2020 20:40

Not a good weekend for Crypto and shows the volatility.
Bounce to come and KR1 offered at 13p at the close.

[74tom] 05/9/2020 10:54

Thanks FailedQS, will have a listen to that podcast - haven’t seen a negative commentS about Polkadot yet, in fact almost everyone is uber positive. As you say, a top 3 position & $10-20b market cap would be huge for KR1.

Also worth noting the below re. Kusama token claims;



KR1 haven’t formally announced anything as of yet, as presumably they hadn’t claimed their tokens. But 40k Kusama @ it’s current price of $37 is worth another 1p per share.

And again, as with lock drops & staking yields, a return on capital employed that 99.9% of micro caps dream of.

[botak54] 04/9/2020 19:02

Healthy pull back ,, £32m still impressive in turbulent infancy , My long term strategy here is buy whenever i can raise funds to grab at value , Whilst the strength of the share price is not strong the future prospects for KR1 is outstanding and I feel a bargain under 15p

[failedqs] 04/9/2020 18:33

After a bit of pullback in crypto prices I thought I'd do a calc of the value of the assets KR1 own. Again, I have not included any cash, bitcoin holdings, or any ethereum (with the exception of the ETH I can identify that they have timelocked to date). Also excluded is anything for Ox, Augur and ChainX which have been mentioned but no holdings disclosed.
So taking prices as at 6pm today, we have coins/tokens with a value of just under £32m. Taking a share price of 14p (ie offer price at close today), the market cap of the company is £18.3m. So there is still a significant discount which will hopefully narrow in the near future.
The top 4 holdings (DOT, ATOM, WNXM & DFN) are worth £26.8m.
For the last 3 years I have been listening to "The Bad Crypto Podcast", its pretty good. In the past 2 weeks they have mentioned Polkadot a couple of times, and in the most recent podcast out today they say that some of the key players are tipping Polkadot to become one of the top 3 cryptos. Wow, that would be transformational for KR1.
Does anyone else listen to that podcast? They have had some pretty good guests on over the years (including John Macafee 4 or 5 times, who is always "interesting"), and I was thinking that they should get George McDonaugh on as a guest......

[blindboy1] 02/9/2020 14:57

NXM https://www.delphidigital.io/reports/how-nxm-accelerates-with-scale-2/

[botak54] 01/9/2020 19:23

The SCALE of things to come to come is staggering and KR1 are at the forefront having the flexibility and knowledge to participate trading ,staking as necessary From Keld - Almost all of these DeFi projects are built on Ethereum, the biggest public blockchain, but there are other blockchains that will compete in this DeFi boom. Many of the Ethereum competitors are in the final stages of being built such as Polkadot, Dfinity, Tezos and Cosmos. These other chains exist because Ethereum hasn’t solved its scaling issues. They offer higher transactions throughput and interchain interoperability which Ethereum doesn’t. These blockchains are like expanding universes, each will have their own expansion and grow to vast economic sizes.

Most will expand to such sizes that are currently unimaginable. Perhaps trillions of dollars on some. Before you laugh at this, there is a migration of derivatives into digital assets and onto blockchains. Derivatives have a real world volume of $12 trillion. Blockchain is a much more efficient platform for derivatives so we will see that move on chain from 2021 onwards with projects such as Serum and Vega launching. The blockchains that fail to capture enough economic activity will slowly collapse and merge with the more dominant chains.

[botak54] 01/9/2020 18:50

hxxps://t.co/ZOa8HBZtYk?amp=1

[74tom] 01/9/2020 11:15

@Botak, comparing the substantial shareholder interests from the 2018 annual report to the recently issued 2019 annual report, Lynchwood Nominees appear to be the big seller?

They had 7.6% at the end of 2018 but were below 3% a year on. All the other major holders remained the same, with the exception of Adam Powell who increased.

Any idea who Lynchwood are?

Substantial interests
On 31 December 2019, the following were registered as being interested in 3% or more of the Company's
ordinary share capital:
31 December
2019 Ordinary

Vidacos Nominees Limited 33,289,473 25.47%
Hargreaves Lansdown (Nominees) Limited 11,122,919 8.51%
Adam Powell 8,806,675 6.74%
R B Rowan 6,209,649 4.75%
Hargreaves Lansdown (Nominees) Limited 4,598,643 3.52%
Pershing Nominees Limited 4,532,893 3.47%
The Bank of New York (Nominees) Limited 4,000,000 3.06%

---------------------------------------------------------

Substantial interests
On 31 December 2018, the following were registered as being interested in 3% or more of the Company's
ordinary share capital:
31 December
2018 Ordinary

Vidacos Nominees Limited 33,289,473 26.24%
Lynchwood Nominees Limited 9,086,837 7.6%
Hargreaves Lansdownn (Nominees) Limited 8,756,190 6.9%
R B Rowan 6,209,649 4.89%
Pershing Nominees Limited 5,032,893 3.97%
Adam Powell 5,000,000 3.94%
Beaufort Nominees Limited 4,210,528 3.32%
The Bank of New York (Nominees) Limited 4,000,000 3.15%

[botak54] 01/9/2020 10:48

That answers the TR1 mystery , Must GW & Gang then
Thanks langland ,that TR1 has been bugging me

[langland] 01/9/2020 10:45

If you suspect a big seller, it could be Miton because they are under pressure from redemptions. Also, they don't do TR1s. One of the worst offenders.

[botak54] 01/9/2020 10:28

74
We have had a resident heavy seller since Q119,Not sure if its Miton Gervais Williams fund But in my eyes must be an Institutional or X Director to offload that type of volume + without TR1 It seems still on our backs !!
I stand to be corrected but both COIN & KR1 went as far as 28p before plummeting , This is worth 40p now on any book , Should the momentum continue into 2021 & Beyond imagine the value of Nexus Mutual , Polkadot & associated builders like Acala ,Kusama , etc etc Cosmos, Edgeware ,Vega,Dfinity
On top of the NAV in holdings we have POS revenue that is going to be hugely significant to the PE ratio and overall share price value
OK Crypto might derail but sentiment is if the sector was to fold it would have done so during second half 2018 =
EC1 must have there beady eye on KR1 & Some

[74tom] 01/9/2020 09:52

250k buy at 18p suggests serious money is starting to arrive, would love to see a break out past the all time highs of 22p paid in early Jan 2018 - that feels like such a long time ago doesn't it...

[74tom] 01/9/2020 08:50

It's fascinating, I'm just amazed at the level of foresight that George & Keld have displayed here. Nexus appears to be in a dominant position to become the de facto insurer of the entire DeFi system. Their current insurance cover totals $86m vs the $9b locked in DeFi projects, showing the potential growth runway that they have ahead of them.

Could KR1 evolve into a Pantera Capital? Link from last year when they were raising $175m illustrates their ambitions;

"Half the capital in the fund will be reserved for follow-on funding, with the goal of making investments of $3 million to $8 million for equity stakes of as much as 15 percent. At the seed stage, the fund will target investments of $1 million to $3 million for equity stakes of 10–20 percent."

[botak54] 01/9/2020 07:54

The whole sector feel,s like it wants to push on and break new ground ,DeFi Pulse has been extremely erratic in its reporting figures , Usually when the reporting platforms like Livecoin or DeFi Pulse start miss representing figures where they can jump all over the place , DeFi Pulse reporting $229.85 Billion MC yesterday with Uniswap grossly overstated to correlate ,When this type of pattern emerged in 2017 we went parabolic
Watch for BTC breaking through $12400, ETC looking lke it want to take out $500
Exiting times for us all on here

[justintime9] 01/9/2020 07:15

NXM having a good morning. Up 8.05% at $72.18....
Good start to the week.

[74tom] 30/8/2020 16:20

Yep, now at $75 after announcing a partnership with Yearn Finance to underwrite more DeFi policies...

Maple Leaf Capital, who are followed by KR1 have just tweeted;

“I don't think people fully grasp the implication of this collaboration yet. We could see 1 $NXM 1 $ETH as soon as next week.“

The driving force being;

“Only 0.6% of total value locked in DeFi is insured at present. With DeFi TVL at $8bn, there’s a lot of unmet demand for covers. The more insurance adoption there is, the more $NXM price will appreciate. $NXM is a bet on DEFI’s TVL growth.”

NXM = ETH would mean the KR1 stake was worth $45m... very interesting to see how it unfolds, but there could be a transformational RNS on the way at some point...

[blindboy1] 30/8/2020 14:57

Thanks and NXM up another 10 percent odd since you wrote, going like a train

[74tom] 30/8/2020 12:02

Long post, but I wanted to share my recent NXM research as it is pretty exciting!

Firstly, for any new, or prospective shareholders, it's well worth reading the following article posted yesterday that provides an in depth review of the project;



KR1's visionary involvement started over 2 years ago, first investing in Nexus way back in April 2018, putting in £184k



In September 19 they confirmed their receipt of 110,776 tokens at an effective price of £1.66. They also recevied 5836 bonus tokens for also being an Etherdisc holder. In this RNS they also confirmed they had purchased an additional 29182 NXM tokens for $73k, taking their holding to 145,795.



Then last month they RNS'd that they had sold 35,128 tokens at $14.03, netting proceeds of $492k, more than covering their previous investments of circa $300k whilst retaining a significant holding of 110,667 (2.08% of the current supply).


Current Status:

As of this morning an NXM is trading for $62 per token, valuing KR1's holding at $6.8m / £5.1m. The NXM market cap of $337m is underpinned by a growing capital pool of $73m which can be tracked here;

Future:

And finally, an excellent twitter thread that deep dives on the technical detail of the NXM token design, technicals & future prospects:




Extract of tweets here;

"22 - … in a sense, this is very much like $LINK that provides oracle service from anywhere to anyone; and much like $LINK as a 6 Bn market cap business is a necessity for #DeFi pricing, $NXM is very much also a monopoly today for another key piece of #DeFi infrastructure.

23 - The most noteworthy thing is that the path towards 1 $NXM = 1 $ETH and $5 Bn + market cap doesn’t have to be linear – the 20x of capital pool could ebb and flow while MCR is pegged at 1% increase / day, and assuming team continues to execute…"


If NXM was to reach a $5b market cap, retained the same circulating supply & KR1 held it's remaining tokens, their stake would be worth $103m... or 60p per share.

Now that's what I call blue sky potential...

[blindboy1] 29/8/2020 19:38

Coincilium posted this Washington Post article on twitter re DeFi Utopia but it name checks Nexus Mutual so here goes in case of interest https://www.washingtonpost.com/business/why-defi-utopia-would-be-finance-without-financiers-quicktake/2020/08/28/5383c696-e941-11ea-bf44-0d31c85838a5_story.html

[blindboy1] 29/8/2020 11:22

https://cointelegraph.com/news/major-crypto-firm-expects-polkadot-dot-to-become-a-top-3-blockchain?utm_medium=Organic&utm_source=coinstats

[botak54] 28/8/2020 21:59

Exactly escape , Should a hefty portion of those holding KR1 stock now HODL then those 130 million will become rocking horse poo , Mirror the BTC Whales policy to make it very very hard for Institutional to prize those nuggets out of the hands of PI,s coz for sure EC1 is on the trail now , The expertise alone is worth a small fortune , + Should the BOD decide to pay a divi in *airdrop* fashion coupled with no dilution then we are in No Limits territory
Exiting times indeed for current shareholders

[escapetohome] 28/8/2020 21:37

I hope so, if we might consider the analogy of buying bitcoin soon after it was invented as a similar to owning KR1 at this early stage?

The early buyers of bitcoin made a packet.

Just hold on?

[botak54] 28/8/2020 19:13

this could make you a packet !!
And Some !
KR1 have been bezi mates with the Cleverest , Bravest and most Successful Entrepreneurs in the crypto community since 2016 , Gavin Wood & Hugh Karp,Dominic Williams to name a few Being invited to dine at the top table of the very best of projects often at a large discount or % of free tokens , They are Pioneers within this space and bark with the Top Dogs
George & Keld know exactly which direction they are going as they are laying the tarmac