Coinsilium Group Limited (COIN)
Coinsilium Group Limited: COINSILIUM GROUP LIMITED
("Coinsilium" or the "Company")
Coinsilium Group Limited: Heads of Terms to Acquire Southeast Asia focused Web3 Advisory Service Business
Tokenomi has operated as an advisor in the sector since 2017 and has supported numerous projects with the successful launch of their digital tokens through private and public token sales. Tokenomi’s advisory services business has been driven by its entrepreneurial Founder and Managing Director, Alexis Nicosia, an industry veteran who has been active in the crypto sector since 2013. Services include strategic advisory, token model construction, advice on Web3 marketing including community-driven PR and events, whilst providing clients with access to Tokenomi’s network of crypto industry actors and reputable service providers.
More recently, Tokenomi has been actively engaging with clients and prospective clients looking to transition their operations from Web2 to Web3 propositions and as at the time of this announcement, has built up a healthy pipeline of prospective clients in the NFT, social media, health care, digital marketing, metaverse, gaming, crypto escrow, and customer loyalty sectors.
The parties intend to proceed as quickly as possible with a view to exchanging and executing the APA on or around 30 April 2023. The execution of the APA is subject to the satisfactory completion of a due diligence process which is currently underway.
Upon the successful completion of the APA, it is intended that Alexis Nicosia will join Coinsilium’s advisory team on a full-time basis and will work closely with Coinsilium CEO Eddy Travia in a business development and client acquisition capacity. Terms of engagement are expected to be finalised under the terms of the proposed APA.
Eddy Travia, Chief Executive of Coinsilium, commented: “The HoT with Tokenomi marks a most timely and potentially transformational development for Coinsilium and, subject to the successful execution of the APA, will provide us with a sound base from which to scale up our advisory services capacity, in preparedness for a strong wave of activity now developing in the Web3 space.
Since the initial bounce in the crypto markets at the start of the year, we have seen a marked uptick in the demand for Web3 advisory services from brands, game studios, online and offline retailers, media, and sport franchises. We now expect this trend to grow stronger in the near term, in line with the overall recovery in the crypto markets.
Tokenomi’s customised approach to Web3 advisory and its focus on the dynamic Southeast Asian region, makes for a good fit with Coinsilium’s strategic objectives and Tokenomi’s existing and growing pipeline of international clients will make a meaningful and welcome addition to our own growing advisory client portfolio.
Given both parties shared common vision and belief in the power and potential of decentralised economies, we also see this deal as a potential catalyst for unlocking some exciting new commercial opportunities for Coinsilium going forward.”
Alexis Nicosia, Founder and Managing Director of Tokenomi, commented: “The signing of these Heads of Terms between Coinsilium and Tokenomi marks our firm intention to bring together our respective businesses and networks with broad and deep roots in the global blockchain and Web3 communities.
Coinsilium’s well established reputation, credibility, and experience together with Tokenomi’s current and growing pipeline of Web3 advisory clients, makes the basis for a powerful market leading combination.
I look forward with excitement to the next stage of our journey together, working closely with Eddy and the talented Coinsilium team whilst supporting our mutual clients on their exciting Web3 journey and positioning Coinsilium to take full advantage of some of the exciting commercial opportunities the burgeoning Web3 space has to offer.”
The cost of acquisition is
Tokenomi’s advisory client book currently includes four retained Web3 blockchain project clients and a prospective pipeline of ten further project clients, predominantly based in the
The main determining factors for the transaction terms were derived from Tokenomi’s current signed advisory agreements and a cautious valuation of its pipeline of potential project clients. Tokenomi is a commercial name of Augmented Ventures Limited (“AVL”), a company incorporated in
The Directors of Coinsilium Group Limited take responsibility for this announcement.
Notes to Editor
Coinsilium is a focused Web3 Investor, Advisor and Venture Builder based in
Coinsilium has developed an array of commercial partnerships and joint ventures around the world to support its development capabilities, giving it access to best-in-class tech experts, a strong network, and asserting its profound industry profile. It has also partnered with blockchain technology experts Indorse to create Nifty Labs, a Web3 and Non-Fungible Token ('NFT') technology development studio in
Coinsilium shares are traded on the AQSE Growth Market in
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The issuer is solely responsible for the content of this announcement.
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