Blue Star Capital plc Pendulum Completes Crowdloan
23 December 2022 - 6:00PM
RNS Non-Regulatory
TIDMBLU
Blue Star Capital plc
23 December 2022
23 December 2022
Blue Star Capital plc
("Blue Star" or the "Company")
Pendulum Completes Crowdloan
Blue Star Capital plc (AIM: BLU), the investing company with a
focus on esports, payments, technology and its applications within
media and gaming, notes the recent announcement by Pendulum, a
company incubated by Blue Star's investee company SatoshiPay, that
it completed its crowdloan (the "Campaign") and is now set to
become a Polkadot Parachain.
Pendulum, a smart-blockchain infrastructure technology company
that aims to decentralize forex and traditional finance, advises
that the Campaign was the fastest parachain crowdloan in the
history of the Polkadot ecosystem, reaching a hardcap of 300,000
$DOT (approximately GBP1.14 million) in approximately three
minutes. The Campaign marks the highest auction hardcap since May
2022 in the Polkadot ecosystem and is seen as a demonstration of
the strong support and enthusiasm for Pendulum's integration into
this ecosystem.
The Company holds a 27.9 per cent. stake in SatoshiPay, and
SatoshiPay has an interest of 5.5 per cent. of Pendulum's future
PEN tokens .
The Board of Blue Star also notes the anticipated launch of
Pendulum on the mainnet in February 2023 and looks forward to
further positive news for Pendulum and SatoshiPay.
For more information please contact:
Blue Star Capital plc +44 (0) 777 178 2434
Tony Fabrizi, Executive Chairman
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issuer is confirming that the information contained in this
announcement is of a non-regulatory nature.
About Blue Star
Blue Star is an investing company with a focus on new
technologies. Blue Star's investments include SatoshiPay Limited, a
payments business using blockchain technology; 8 early-stage to
mid-level esports companies, including Guild eSports plc, a global
esports business headquartered in London whose lead investor is
David Beckham and Dynasty Gaming & Media Pte. Ltd., whose B2B
white label platform is a full-stack gaming ecosystem; and Sthaler
Limited, an identity and payments technology business which enables
a consumer to identify themselves and pay using just their
finger.
Forward looking statement disclaimer
Certain statements made in this announcement are forward-looking
statements. These forward-looking statements are not historical
facts but rather are based on the Company's current expectations,
estimates, and projections about its industry; its beliefs; and
assumptions. Words such as 'anticipates,' 'expects,' 'intends,'
'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions
are intended to identify forward-looking statements. These
statements are not guarantees of future performance and are subject
to known and unknown risks, uncertainties, and other factors, some
of which are beyond the Company's control, are difficult to
predict, and could cause actual results to differ materially from
those expressed or forecasted in the forward-looking statements.
The Company cautions shareholders and prospective shareholder
holders not to place undue reliance on these forward-looking
statements, which reflect the view of the Company only as of the
date of this announcement. The forward-looking statements made in
this announcement relate only to events as of the date on which the
statements are made. The Company will not undertake any obligation
to release publicly any revisions or updates to these
forward-looking statements to reflect events, circumstances, or
unanticipated events occurring after the date of this announcement
except as required by law or by any appropriate regulatory
authority.
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