DJ Coinsilium Group Limited: Indorse Post Covid Hackathon Progress Update

 
 Coinsilium Group Limited (COIN) 
Coinsilium Group Limited: Indorse Post Covid Hackathon Progress Update 
 
08-Sep-2020 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
        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 [1] 
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 Companys 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 [1]. 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 hackathons 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 hackathons inception. 
 
From a commercial perspective, it is also most pleasing to see Indorses 
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 Indorses innovative Technology Industry solutions. 
Indorses 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 Companys 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               +44 (0) 7785 381 089 
 
Malcolm Palle, Executive Chairman      www.coinsilium.com 
 
Eddy Travia, Chief Executive 
 
Peterhouse Capital Limited             +44 (0) 207 469 0930 
 
Guy Miller / Mark Anwyl 
 
(AQSE Growth Market Corporate Adviser) 
 
SI Capital Limited                     +44 (0) 1483 413 500 
 
Nick Emerson 
 
(Broker) 
 
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 [2]. Details of 
scheduled business and technical online workshops here [3] and registration 
details here [4] 
 
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 RSKs 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 [5]www.coinsilium.com [5] 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 [6]. 
 
ISIN:          VGG225641015 
Category Code: MSCM 
TIDM:          COIN 
Sequence No.:  83660 
EQS News ID:   1128399 
 
End of Announcement EQS News Service 
 
 
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