KR1 KR1 Plc

 
TIDMKR1 
 
8 July 2021 
 
                                    KR1 PLC 
 
                           ("KR1" or the "Company") 
 
                New Website and Investments: iTrust and Clover 
 
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to 
announce that the Company has launched a new website under the Company's 
www.KR1.io domain. The newly launched website will help individuals and 
institutions better understand the Company with a fully featured 'Investors' 
section and other new additions to the page. 
 
While the Company does its best to update the website in a timely manner, we 
cannot guarantee accurate information in real time on the website, and 
investors looking for corporate information should always rely on the Company's 
official public announcements via a Regulatory Information Service and the 
Annual Report and Financial Statements. 
 
iTrust 
 
The Company is pleased to announce that the Company has invested a total of 
US$100,000 in the iTrust seed funding round in return for a 
yet-to-be-determined amount of iTrust ("ITG") tokens. 
 
iTrust is a yield optimisation platform for supplying smart contract cover to 
the decentralised finance ecosystem. Underwriting smart contract cover is risky 
and complex for most users to perform, but iTrust's algorithmic capital 
allocation engine and advanced protocol risk modelling, allows anyone the 
generation of low risk yields from smart contract cover provision. 
 
The iTrust team have many years of experience across a wide range of sectors 
and, although a nascent area of growth within the Blockchain world, the team 
have been involved in the decentralised insurance space since its inception. 
iTrust is also the first official cover supply partner of Nexus Mutual and 
Tidal Finance, also KR1 investments. 
 
Clover 
 
The Company is also pleased to announce that it has invested a total of 
US$50,000 in the Clover project in return for 625,000 Clover ("CLV") tokens. 
 
Clover is a smart contract platform that enables Ethereum developers to easily 
migrate their decentralised applications onto Polkadot by minimizing the 
changes required to run existing Solidity smart contracts on the new network. 
 
The platform offers some novel innovations, including a 'smart relayer' that 
allows users to cover gas fees with any token, removing the dependence on a 
base currency like Ether. Clover has also created a cross-chain explorer 
covering Ethereum, Polkadot and Binance Smart Chain as well as an innovative 
incentivisation layer, allowing dApp builders to automatically gain a 
percentage share of the transaction fees running through the network. This 
redistribution of fees is designed to ensure a vibrant developer community and 
foster an innovative DeFi ecosystem. 
 
George McDonaugh, Managing Director and Co-Founder of KR1, commented: 
 
"We are very pleased to support these two projects and we look forward to 
helping them bring their platforms to the ever-expanding decentralised finance 
ecosystem. Building a product on top of Nexus Mutual among others, enables 
iTrust to make the most of the composability effects of DeFi and in turn pushes 
the growth of the entire decentralised insurance vertical. With Clover, many 
new key innovations will be brought to market, not only ensuring a strong link 
between Ethereum and Polkadot but also bringing much needed choice and 
flexibility to developers and users alike." 
 
The Directors of KR1 plc accept responsibility for this announcement. 
 
                                   --ENDS-- 
 
For further information please contact: 
 
KR1 PLC 
George McDonaugh                                                    +44 (0)16 2467 6716 
Keld van Schreven 
Simon Nicol                                                                simon@KR1.io 
 
Peterhouse Capital Limited                                     (AQSE Corporate Adviser) 
Mark Anwyl                                                          +44 (0)20 7469 0930 
Allie Feuerlein 
 
Nominis Advisory Ltd                                                       (PR Adviser) 
Angus Campbell                                                                pr@KR1.io 
 
About KR1 plc 
 
KR1 is a leading digital asset investment company supporting early-stage 
decentralised and open source blockchain and DeFi projects. Founded in 2016 and 
publicly traded in London on the APX segment of the AQSE Growth Market (KR1: 
AQSE), KR1 has built a notable reputation for generating significant returns by 
investing in many key projects that are designed to power the decentralised 
platforms and protocols that are emerging to form new internet infrastructures. 
 
www.KR1.io 
 
Market Abuse Regulation (MAR) Disclosure 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as 
defined in the European Union (Withdrawal) Act 2018). 
 
 
 
END 
 
 

(END) Dow Jones Newswires

July 08, 2021 07:47 ET (11:47 GMT)

KR1 (AQSE:KR1)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

KR1 (AQSE:KR1)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024