In May 2021, RSK Network announced it had surpassed Lighting Network (LN) total value locked in Bitcoin (BTC), and at the time stood at 1,445 BTCs locked. The latest milestone was another sign of a strong appetite among users for the Decentralized Finance (DeFi) sector.
The RSK smart contracts platform had over 259,000 transactions, 50,000 active accounts and reached an all-time high of 72% hashing power during April 2021. The number of solutions and integrations in the RSK DeFi ecosystem has experienced significant growth over April - May 2021.
In May 2021, Settle announced RIF's integration with Latamex, the incoming and outgoing fiat to crypto payment platform. Thanks to this partnership, RIF Token will be available to all users in Argentina, Brazil and Mexico through Latamex. RIF (RSK Infrastructure Framework) integrates with Latamex displaying a simple and customizable user interface to guide the user through the KYC and payment steps. After the user completes the payment flow and the payment clears, digital assets are sent to the user's wallet or fiat funds are sent to the user's bank account. This process is quick and easy for users, as no further processing is required.
In June 2021, The Crypto Hall of Fame selection committee announced the twelfth member of the Crypto Hall of Fame: Diego Gutiérrez Zaldívar. Diego is a co-founder of RSK, the first smart contract platform built on Bitcoin that made it fully programmable and is also a co-founder of the Bitcoin Argentina Foundation and the Ibero-American Blockchain Alliance. The Crypto Hall of Fame was launched in April 2021. It celebrates major contributors to the blockchain industry with portraits designed by Max Cryptohead.
Coinsilium's interest in IOV Labs: Coinsilium shareholding of 65,000 series Seed 1 RSK shares was converted to RIF tokens by way of a 'share for token' swap as announced on 19 November 2018. Coinsilium will receive approximately 1,951,846 RIF tokens over the stated vesting period.
StartupToken
StartupToken has been based in Singapore since 2019. (Coinsilium holds 30% equity stake in StartupToken)
In early 2020, StartupToken started working on a new service, a Bitcoin storage and payment card called Census described as 'Census Smart Card and Wallet', an NFC powered smart bitcoin card, storing coins with military grade protection, without compromising convenience and usability, making the experience of buying and storing bitcoin as simple as possible.
In August 2020, StartupToken Singapore entered into an agreement with a Hong Kong company for the provision of marketing, technological development and support services in relation to the launch of Minty.Art, a digital art patronage platform. As consideration for this agreement, StartupToken Singapore has been awarded an allocation of 15m Minty platform utility tokens ("Minty Tokens") at an issue price of USD0.20, worth approx. USD6.75m at the market value of Minty tokens on 30 June 2021.
Throughout the first quarter of 2021, StartupToken's focus was on the marketing and technological development of Minty.Art. On 16 June 2021, Minty.Art announced its deployment on Polygon (formally Matic Network), a scaling solution and framework for building and connecting Ethereum-compatible blockchain networks. Minty.Art is leveraging the benefits of Polygon to deploy its NFT platform for art trading and sponsorship.
In June 2021, Samourai Coop, a French film production studio, announced the release of its latest movie in parallel with a sale of exclusive digital collectibles on Minty.Art. The 80-minute Indie film follows the efforts of Pascal Boyart, known in the art world as Pboy, and a team of volunteers to turn an abandoned gold foundry near Paris into a contemporary Sistine Chapel. The volume of trading of PBoy's NFTs has passed the ETH 1,000 mark across several NFT marketplaces.
Assessed value of Minty tokens allocated to StartupToken at 30 June 2021 (USD0.4895): USD7,342,500 or GBP5,318,145
Total value of Minty tokens allocated to StartupToken at token issuance price 13 May 2021 (USD0.20): USD3m or GBP2,195,690
Assessed total value of StartupToken at 30 June 2021: GBP6,084,630
(Total value of StartupToken at 31 December 2020: GBP3,398,707)
Assessed value of Minty tokens attributable to Seedcoin at 30 June 2021 (USD0.4895): USD2,202,750 or GBP1,595,444
(Value of Minty tokens attributable to Seedcoin at 31 December 2020: USD900,000)
Assessed total value of investment at 30 June 2021: GBP1,825,389
(Total value of investment at 31 December 2020: GBP1,019,613)
Malcolm Palle
Executive Chairman
6 months 6 months to 30 to June Note 30 June 2021 2020 Unaudited Unaudited GBP GBP Revenue from contracts with customers 79,677 140,230 Cost of sales - - Gross Profit 79,677 140,230 Administrative expenses (416,279) (314,207) Gain/(loss) on other current assets 24,216 102,433 Net fair value gains/(losses) on financial assets at fair value through profit or 792,516 98,994 loss (147,628) - Investments write-off Profit/(Loss) before Income Tax 332,502 27,450 Financial Income 6 22 Financial Expenses (3,263) (941) Forex Gain/(Loss) (2,637) - Profit/(Loss) for the Period from Continuing Operations Attributable to Owners of 326,608 26,531 the Parent ___________ ___________ Other Comprehensive Income Items that may be subsequently reclassified to profit or loss Change in fair value of other current assets at fair value through other comprehensive income 739,921 - Total Comprehensive Income for the Period, Attributable to Owners of the Parent 1,066,529 26,531 Earnings per Share 0.019(p) Basic earnings per share attributable to equity holders of the Parent 4 0.2038(p) As at As at As at Note 30 June 30 June 2021 2020 31 December 2020 Unaudited Unaudited Audited GBP GBP GBP Assets Non-Current Assets Intangible assets 3,720 3,720 3,720 Property, plant and equipment 1,886 112 - Financial assets at fair value through profit or loss 5 2,936,846 1,875,771 2,291,958 Equity accounted investment in Joint Venture 21,469 - - 2,963,921 1,879,603 2,295,678 Current Assets Trade and other receivables 157,825 376,699 203,502 Cash and cash equivalents 1,874,192 129,212 173,298 Other current assets 1,257,371 331,396 945,376 3,289,388 837,307 1,322,176 Total Assets 6,253,310 2,716,910 3,617,854 Equity Attributable to Owners of the Parent
(MORE TO FOLLOW) Dow Jones Newswires
September 30, 2021 07:35 ET (11:35 GMT)