George McDonaugh Co-founder of KR1 discusses the sale of Polkadot tokens worth over $1m
Episode 42, Oct 15, 2020, 11:11 AM
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George McDonaugh Co-founder of KR1 discusses the recent sale of Polkadot tokens worth over $1m which represents only a small part of the Company's Polkadot position.
George McDonaugh Co-founder of KR1 #KR1 discusses the recent sale of Polkadot tokens worth over $1m which represents only a small part of the Company's Polkadot position.
KR1 plc (AQSE:KR1), a leading digital asset investment company, is pleased to announce that the Company has sold 202,297.55 DOT tokens in the Polkadot ("DOT") project at an average price of US$5.12 per DOT token, generating proceeds of US$1,035,043.46.
This partial exit represents only a small part of the Company's Polkadot
position and, as previously announced, KR1 is actively staking a significant majority of its Polkadot position to generate recurring revenue.
As at the date of this announcement, KR1's total holding of Polkadot tokens is 3,558,490.89 DOT, post-re-denomination. This differs from the Company's original DOT allocation, as a result of the bonus pool of unlisted digital tokens allocated pursuant to the Company's 2017 bonus scheme, which included Polkadot as an asset.
KR1 plc (AQSE:KR1), a leading digital asset investment company, is pleased to announce that the Company has sold 202,297.55 DOT tokens in the Polkadot ("DOT") project at an average price of US$5.12 per DOT token, generating proceeds of US$1,035,043.46.
This partial exit represents only a small part of the Company's Polkadot
position and, as previously announced, KR1 is actively staking a significant majority of its Polkadot position to generate recurring revenue.
As at the date of this announcement, KR1's total holding of Polkadot tokens is 3,558,490.89 DOT, post-re-denomination. This differs from the Company's original DOT allocation, as a result of the bonus pool of unlisted digital tokens allocated pursuant to the Company's 2017 bonus scheme, which included Polkadot as an asset.
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