Blue Star Capital Share Discussion Threads

[m0riarty] 06/11/2021 12:58

hello doodlebug4

maybe if you could confirm whether he stated it would be q1 2022 for the IPO or Q2?

we would then know the probable duration of the wait

thanks

[doodlebug4] 06/11/2021 12:47

I'll send you a pm ragnarr as I'm not sure if I should publish Matt's response on a public forum. I would appreciate your opinion on that when you get the message!

[ragnarr] 06/11/2021 12:26

care to share the reply ?

[doodlebug4] 06/11/2021 09:05

Any BLU shareholders interested in news about Dynasty's IPO might like to contact Dynasty directly by email. You can do that by clicking the chat button, bottom left on the website, which will take you to a contact email address. I did that yesterday and I've had a very positive reply from Matt Hodge.

[zxie] 06/11/2021 08:42

331m volume Is an interesting number

[dennisbergkamp] 06/11/2021 00:04

Think I’d rather other investors than Whales were putting their money where there mouth is - whales can afford a punt.

But happy with the movement, finally!

D

[hazl] 05/11/2021 17:25

Yes seconded many thanks ragnarr.

[doodlebug4] 05/11/2021 17:17

Well it's been a good week for BLU and it's a long time since any of us could say that!

[noirua] 05/11/2021 16:28

As #beetroot juice said, "steaming into the close".

[cheeky13] 05/11/2021 16:09

Not one to post myself, many thanks Ragnar.

[tomboyb] 05/11/2021 16:07

Thumbs up -

[beetroot juice] 05/11/2021 16:05

Turning HNWIs and influential players down from the PEN pre-sale says it all. Those in the KNOW, KNOW.

[beetroot juice] 05/11/2021 16:02

Thanks Ragnar, very nice. System should go live shortly and Pendulum tokens activated, if Meinhard and satoshiPay can push hard from here we should see a real world valuation on a Pendulum token soon.

If they rise fast once available, share price here is going sky high with them.

[doodlebug4] 05/11/2021 15:58

ragnarr - Many thanks for taking the trouble to post all that. It's much easier to read through an interview and sift through all the information.

[ragnarr] 05/11/2021 15:50

DL: Thank you so much for joining us here today, I sure hope you will come back with the blue star shareholder again with huge updates, hopefully we don’t interrupt you while you are in Kiev or somewhere else, hopefully when you are a little bit close to home

MB: No that’s fin e, again like, travel has started again and you can really see that a lot of blockchain conferences are happening and its good to come here and spead the mission. I talked to a potential new developer and other new interested parties , er liquidity provviders . its really at these networking events that it really works and its just knid of becoming my life like it was before covid, and its coming again and its really, yeah whare we can enlarge our platform the fastest.

DL: Congratulations again Meinharrd on your announcement this week its really good news for Satoshipay, obviously for us at Blue Star as Satoshipay shareholders and for all of our Blue Star shareholders. Congratulations.

I know we like to talk about disruption in this sector and its pretty clear to me that this Satoshipay initiative and other DeFi projects will completely disruopt the legacy banking and financial market infrastructure within the next decade, this is fantastic news and something we are going to be watching closely

I didn’t bother with the final blue Star plug from Derek

[ragnarr] 05/11/2021 15:50

DL : Well that really exciting, I mean this pendulum project is solving a really big problem and the ecosystem that you are building sounds to be a very robust ecosystem that DTransfer is going to benefit from. How will DTransfer benefit from the Pendulum ecosystem

MB: I briefly touched on that earlier, so its really, we are reliant on this efficient currency exchange and these automated market makers they do exactly that and on the Pendulum network they will do for different world currencies, and DTRansfer, in the background will use Pendulum to do that exchange, and then pay put to the receiving parties. So someone sends money from a bank account into the DTransfer system, we then exchange it into blockchain tokens, do the exchange on the Pendulum network efficiently, fast, within seconds, we are talking between 5-10 seconds the FOREX will be done and really with a final settlement. Not just an accounting trick, its going to be a final settlement between currencies. That is really the revolutionary part – the exchange is also the settlement and the final point, that’s what legacy systems cannot do, and there are a lot of costs involved like, rebalancing these portfolios between different currencies and different countries, so that completely disappears when using a blockchain based swap system. And then the exchange currencies come out on the other end and receiving parties and will be transformed into a bank transfer again, so its Bank to Bank, and from the consumer prospective but whats happening is that magic that DTransfer and Pendulum are adding

[ragnarr] 05/11/2021 15:49

DL: Well that’s exciting for all of us Meinhard, you are talking about speed, you are talking about added resources , what does the future hold at this rapid speed for Satoshipays Pendulum initiative.

MB: Yeas so, the next milestones will be sort of having a public testnet , so we have our internal testnet already. A testnet in the blockchain world is sort of an experimental version of the later network that, you know, if it crashes or if we remove all the balances it doesn’t matter, theres no body behind it, and we might re-set the testnet every now and then. So just to make sure that people don’t attach value to whats going on there, its really just to try out, sort of like the alpha version of the software network. And, er, then after the testnest is, er proven we will then switch on a main net and the main net will really hold then the PEN token as a native token, and people will be able to redeem their ERC20 token that they have bought in the pre-sale for Pendulum main net tokens. And the main net will then be available to , er, other developers to build their own applications to build on top of that. So its not us that builds the smaort contracts in the first place, its really, we are inviting other protocols and developers to build on top of the Pendulum blockchain. And that’s really the next step.. to get it out into the ecosystem and build our own ecosystem

[ragnarr] 05/11/2021 15:49

DL: that’s really exciting meinharrd that youhave got all these investors, who to use your phrase are cyrpto whales, that have really identified the challenge and the opportunity with the Pendulum product, and have, er, voted with their dollars or their currencies whatever they may b, to support Satoshipay in their development of this , what is this transformational technology. Its fantastic. Speaking of the technology itself, you’ve announced that you’ve launched (unclear) on the internal Pendulum testnet, that I think we talked a little bit today, a little bit about how its, you know you are bridging today stellar to the automated market makers smart contract. Can you tell us a little bit about that and how that works

MB: Yeah so we have released, only a few weeks ago a video that shows our demo, or demo prototype, we could move very very fast here because we are using a framework, it’s the Polkadot, or lets say parity substrate framework, that is really like a Lego system for blockchains, we kind of plug that all together, that’s why we could build a blockchain so fast, its also what I was talking about today here in Kiev at a blockchain conference, telling the audience how essentially easy it is in 2021 to build a new blockchain, and this allowed us to have a very, er lets see, initial testnet as well, meaning that there is a sort of prototype net that connects a few of the new blockchain. Now its, and you can already run smart contracts on them and an automated market maker is nothing more than the sophisticated smart contract, that swaps liquidity in a very smart algorithm, even when there is low liquidity in the liquidity pools. So, erm weve done that already and even for me, from the inside it was staggering, it was amazing how fast we could move, within weeks essentially could finish this initial product. We really want to keep that sped up and now with the extra resources we will hire more people, and speed might even increase a little bit so super-excited now.

[ragnarr] 05/11/2021 15:49

DL: Wow that’s really exciting. So Satoshipays wholly owned subsidiary Pendulum, you’ve just announced that you have raised $5M to further develop this smart current blockchain that is connecting the worlds currencies to DeFi . I understand it was oversubscribed, congratulations. Tell us about some of those strategic investors that have participated

MB: Yeah thanks, do weve talked for a few months essentially, with different funds, Angel investors and we picked strategic partners that can help us along the way. So we have people from the crypto ecosystem, we have people, lets say from the fintech eco-system. So from the crypto system there is LD Capital who have supported a lot of Pendulum, sorry Polkadot projects, then we have er, some angels that are connected to some fintech funds in Asia, that’s really going to connect us to, like, er Financial services on the ground there, and that is the links we really need. And, er, a lot of… lets call the Whales, Crypto whales that are invested in the currencies that we are using in our system and the blockchains that we are using. And erm, there are a few names in our announcement, and you can look at them, but of course Danny Masters is a director of Satoshipay and also one of the largest individual investors, he has also supported the Pendulum pre-sale, and this gives us a lot of trust in what we are building is right, the right thing, we are going in the right direction. For having so many people that know the markets really well are also subscribing to this, so, yep, actually the over-subscription in the end was a bit of a surprise and, yeah , we couldn’t handle the demand. Its and interesting problem to have, having to er reject high class investors, but yest that was the case in the end. I think this also transported to what happened to the share price of Blue Star, that’s, really, er, Yeah stacked up demand that is sort of now released

DL: that’s really exciting meinharrd that youhave got all these investors, who to use your phrase are cyrpto whales, that have really identified the challenge and the opportunity with the Pendulum product, and have, er, voted with their dollars or their currencies whatever they may b, to support Satoshipay in their development of this , what is this transformational technology. Its fantastic. Speaking of the technology itself, you’ve announced that you’ve launched (unclear) on the internal Pendulum testnet, that I think we talked a little bit today, a little bit about how its, you know you are bridging today stellar to the automated market makers smart contract. Can you tell us a little bit about that and how that works

[ragnarr] 05/11/2021 15:48

DL: And I think that’s what makes this announcement the other day so exciting. Satoshipay and its Pendulum product has created this missing link, like, it creates a bridge between FIAT Stable coins and the Stellar, Etherium and Polkadot eco-systems. And I think we would all agree that its this accessibility, Meinharrd, that promotes that mass adoption of the De-centralised system, and why is that important for Satoshipay?

MB: Yeah so Satoshipay has always been about making blockchain technology for the masses or for broad mass adoption, and we did that by essentially putting blockchain in the background and from a user perspective they don’t really know that they are using blockchain. So we have done this in our previous products as well and Pendulum is really fulfilling or completing and continuing that mission and, erm yeah, we, really erm, we allow for currency exchange, but people will not really know that they have a blockchain system in the background and all the complex workings between different blockchain actually. So what Pendulum is doing, its combining liquidity from many different blockchains, for example it will bridge to the stellar eco-system as a first step, but then we will also bridge to other ones, and for example if you have, like, a Stable coin representing the Dollar or as I mentioned the Mexican Pasos, or lets say the Pilipino currency, and you can bring them all together in Pendulum, and Satoshipay will benefit in a way that the service DTransfer that is so reliant on FOREX liquidity, can function better, faster cheaper and more transparently

[ragnarr] 05/11/2021 15:48

DL: Meinharrd, speaking of de-centralised finance, you know, we understand that crypto industry has made, you know lots of changes are made possible due to the distributor led technology, erm , and de-centralised finance such as Satoshipays DTransfer may be the most significant product here today. DeFi is a $100B market, but what has been missing today Meinharrd, I think has been the link between FIAT and the de-centralisation eco-system, can you comment on that a little bit

MB: Yeah so we realised the same thing while building our DTransfer product and, er, we realised that there was not enough fiat liquidity, or lets say foreign exchange liquidity in the crypto markets yet. Everything is really surrounding the US Dollar, and then cryptos, and between cryptos but if you want to exchange, lets say even like pound with a dollar or pound with a Mexican pasos, you really run out of options very quickly, and that’s really a gap to be filled, by applying DeFi mechanisms FOREX essentially.

[ragnarr] 05/11/2021 15:48

Decided to transcribe the interview to make sure I didn't miss anything so thought I would post it in case it is of interest here.
I will post it question by question to make it easier to read. enjoy (or not)
Justin Waite: Dereck for people who are not that familiar with blue Star capital but are learning about it because they have seen the share price rise and they are very interested right now, could you just explain what its all about please

Dereck lew: Blue =Yeah thanks a lot Justin, really excited to be here with you today and really excited that Meinharrd is joining us as well, its going to be a really interesting conversation. Blue Star Capital, Justin, we are the investment company with a portfolio approach to investing in break through sectors. In our portfolio approach we offer investors risk adjusted access to opportunities in sectors such as e-sports, gaming, NFTs and most importantly for todays conversation Decentralised finance

JW: Yeah well its going to be an easy job for me Derek cause you can do my job for a second and you are going to chat with Meinharrd because you know more about it than me, I will let you go for it and explain the significance of the news coming out and Meinharrd can dig into that, so go for it Derek if you could.

DL: thanks a lot Justin, Hey Meinharrd, Im really excited to be here today to talk about Blue Stars investment in de-centralised finance, as we are going to learn today DeFi is a $100 Billion dollar market and with me today is Meinharrd Benn CEO of Satoshipay. Meinharrd great to see you today.

MB : Yeah its great to chat with you today, (unclear) it’s the kind of traditional finance end of things, its always exciting how that works together and how that influences each other, obviously in the last two days they will influence each other quite a lot.

[noirua] 05/11/2021 15:26

MMs are lowering the offer price to attract buyers at 0.235p. Many on the sidelines here.