KR1 Share Discussion Threads

[botak54] 01/9/2020 09:48

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

[langland] 01/9/2020 09:45

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 09:28

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 08:52

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 07:50

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 06:54

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 06:15

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

[74tom] 30/8/2020 15:20

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 13:57

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

[74tom] 30/8/2020 11:02

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 18:38

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 10:22

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 20:59

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 20:37

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 18:13

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

[slicethepie] 28/8/2020 15:00

I think this will trade at a premium to nav before year end ...happy day's

[giantpeach2] 28/8/2020 14:53

Just buy and hold for long term and this could make you a packet.
Wish I brought more when they was 5p lol

[74tom] 28/8/2020 14:29

Brilliant, I did think it was very odd that KR1 hadn't participated in the Acala Series A given how excited everyone is about it... Of course they have! And some excellent specifics confirming that they own 1.02% of the project & their $65k of seed funding from March is worth $563k... outstanding value creation going on here!

"KR1 is also pleased to announce the Company’s participation in the recent funding round, investing a further US$100,000 into Acala in exchange for 153,846.15 ACA tokens at a price of US$0.65 per token. This investment comes in addition to KR1’s seed round participation, announced earlier this year. Across both funding rounds, the Company now holds a total of 1,020,512.82 ACA, which represent an interest of approximately 1.02% in the Acala Network."

[blindboy1] 28/8/2020 11:47

KR1 has tokens in Acala from a previous raise and Acala regards KR1 as a partner from their white paper. Acala latest: https://finance.yahoo.com/news/polkadot-based-defi-project-acala-092543143.html

[slicethepie] 27/8/2020 15:04

re vox interview Whilst the authors knowledge of blockchain might be like 99.9% of people,I thought the interview was good and George explained it very well ( unlike his explanation of the dot split which he made a meal of)

[74tom] 27/8/2020 12:11

Such a braindead article, the author clearly doesn't have a clue!

[botak54] 27/8/2020 12:05

KR1 skyrockets after $199.1m investment, Altus Strategies reflects on positive progress


hxxps://voxmarkets.us19.list-manage.com/track/click?u=9e8648849a9a603f23371c563&id=f420006e02&e=5f4d1aea17

[74tom] 27/8/2020 11:28

Guys the ADVFN charts are wrong, they reported delayed trades from earlier which make it look like the price dropped...

Spread is 16-16.5 on NEX as we speak, all buys so far today:

[escapetohome] 27/8/2020 11:15

Well, it can go down too. Im hanging on.

[botak54] 27/8/2020 11:14

Seems our resident seller has not gone off for the weekend then !
COIN is a very interesting stock for BTC staking on DefI ,There Money On Chain JV with RSK /IOV Labs has again the potential to rival KR1 ETH Defi products