COINSILIUM GROUP LIMITED

("Coinsilium" or the "Company")

 

Coinsilium - Indorse Post Covid Hackathon Progress Update

 

London, UK, 8 September 2020 - Coinsilium Group Limited (AQSE:COIN) the Blockchain, DeFi and Crypto Finance venture operator, is pleased to provide a progress update on The Post Covid Hack, an online, global blockchain hackathon initiative organised in partnership with investment portfolio company, Indorse Pte. Ltd. ("Indorse").

 

An online hackathon is a design sprint-like event, spread over several weeks, in which computer programmers and developers collaborate intensively on software projects with the goal of creating functioning software solutions by the end of the event. The objective of the Post Covid Hack is to mobilise and incentivise blockchain developers to build blockchain solutions to address social and economic issues emanating from the Covid19 pandemic.

 

Further to the Company's 11 June announcement, the Post Covid Hack successfully launched in August with the opening of registrations and a series pre-hackathon educational webinars. The event will now run through to November when judges and track partners will evaluate projects submissions ahead of the final 'Demo Day' and award ceremony. 

 

The hackathon has enlisted the support of over 60 partners including IOV Labs, Gibraltar Finance, Mishcon de Reya LLP and KuChain; details of all supporting partners can be seen here. To date over 750 developers from around the world have registered for the online event in which they will compete for prizes worth up to USD30,000. Over 400 participants have also registered on the hackathon's Slack channel with 13 business and technical workshops scheduled, including tracks with particular Decentralised Finance ('DeFi') applications and challenges focusing on impact investment, community currencies and wallets. Coinsilium Chief Executive, Eddy Travia, will also join the panel of Judges and mentors.

 

Coinsilium Chief Executive, Eddy Travia commented: "Both the Coinsilium and Indorse teams have been overwhelmed by the global response received for the Post Covid Hack and the quality of partners that this worthy initiative has been able to attract. We are most grateful to all sponsors and supporters with special thanks to IOV Labs who have prepared an inspiring list of challenges in the socioeconomic track and to Gibraltar Finance for their active support and trust from day one of the hackathon's inception.

 

From a commercial perspective, it is also most pleasing to see Indorse's technical capabilities at work; having effectively positioned their proprietary blockchain powered technology platform to create a world-class enabling solution for this high profile global online event.

 

The Post Covid Hack now serves as a robust commercial proof of concept and the perfect showcase for Indorse's innovative Technology Industry solutions. Indorse's community of developers and validators will also play a vital role in the hackathon process which provides us with a high level of confidence in the potential for similar future partnership opportunities between Indorse and Coinsilium.

 

"We would like to congratulate the whole Indorse team on the successful launch of the Post Covid Hack and acknowledge their professionalism, know-how and ability to execute on such a highly ambitious initiative.

 

"We look forward to reviewing the open, permissionless solutions built by developers in the next couple of months which aim to accelerate the post-Covid social and economic recovery process."

 

Disclosure Note:

 

Coinsilium holds a 10% interest in the issued share capital of Indorse Pte. Ltd. as part of the Company's investment portfolio. Coinsilium also holds 5,793,875 IND tokens representing approximately 15.37% of the current circulating supply. This holding is formed of a combination of tokens granted as founder investors as well as subsequent market purchases made by the Company.

 

The Directors of Coinsilium Group Limited take responsibility for this announcement.

 

For further information, please contact:

 

Coinsilium Group Limited Malcolm Palle, Executive Chairman Eddy Travia, Chief Executive	+44 (0) 7785 381 089 www.coinsilium.com
Peterhouse Capital Limited Guy Miller / Mark Anwyl (AQSE Growth Market Corporate Adviser)	+44 (0) 207 469 0930
SI Capital Limited Nick Emerson (Broker)	+44 (0) 1483 413 500

 

 

Notes to Editor

 

About the Post Covid Hack

 

Indorse and Coinsilium have come together to organize this massive global online hackathon in order to source and create new innovative solutions that leverage the best-in-class blockchain technologies and platforms from the market in order to solve the novel challenges posed by the Covid19 pandemic. This hackathon will have several tracks sponsored by some of the top blockchain companies from around the world.

 

Further details on The Post Covid Hack can be found here.  Details of scheduled business and technical online workshops here and registration details here

 

About Coinsilium

 

Coinsilium is a focused Blockchain, DeFi and Crypto Finance venture operator. As the first ever IPO of a blockchain company in 2015, Coinsilium has harnessed its experience and wide-ranging network to invest in leading blockchain projects such as RSK/IOV Labs, Indorse and Blox.

 

In July 2020 Coinsilium executed an agreement with global blockchain protocol company IOV Labs, to establish a 50/50 Joint Venture Company in Singapore to promote and commercialise RSK's products, services and technologies in the Asian markets and to promote the adoption in the region of the RIF token which powers the ecosystem of solutions developed by RSK, their partners and developers around the world.

 

Coinsilium shares are traded on the AQSE Growth Market, the primary market for unlisted securities operated by Aquis Stock Exchange, a Recognised Investment Exchange under the Financial Services and Markets Act 2000.

 

For further information please visit www.coinsilium.com or follow @CoinsiliumGroup on Twitter

 

About Indorse

 

Indorse is a skills validation platform which helps companies find the talents they need faster. Unlike other platforms on which users can claim skills without a proper validation, Indorse ensures that users' skills are assessed and validated by a panel of experts.

 

Using cutting edge technology, Indorse provides insights about candidates' skills and proficiency level. Instead of spending several man-hours and dollars sifting through a barrage of resumes, hirers can now interview only the validated candidates who have been assessed by experts in the domain.

 

For further information about Indorse please visit www.indorse.io.