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DJ Coinsilium Group Limited: New Advisory Client

 
 Coinsilium Group Limited (COIN) 
Coinsilium Group Limited: New Advisory Client 
 
18-May-2020 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
         COINSILIUM GROUP LIMITED 
 
         ("Coinsilium" or the "Company") 
 
         Coinsilium: New Advisory Client 
 
  Coinsilium to Advise Kesholabs, An African Venture Builder and Development 
         Studio 
 
London, UK, 18 May 2020 - Coinsilium Group Limited (AQSE:COIN), the blockchain 
technology venture builder, advisor and investor, that finances and manages 
the development of early-stage blockchain technology companies, is pleased to 
announce its appointment as an Advisor to Kesholabs Limited ("Kesholabs"). 
 
Highlights: 
 
  ? Coinsilium to provide strategic advisory services to Kesholabs, a 
  Kenya-based venture builder and development studio whose primary focus is in 
  blockchain-driven innovation and decentralised open finance solutions 
 
  ? Services to be provided by Coinsilium's Advisory Services division. Eddy 
  Travia, Coinsilium's Chief Executive, to join the Kesholabs Board of 
  Advisors 
 
  ? Kesholabs is led by Nhial Majok, formerly Tech Lead at IBM Australia and 
  pioneer blockchain entrepreneur 
 
  ? Advisory services provided include review of and recommendations on 
  business model, business and marketing plan, connections to potential 
  blockchain technology partners and investors, and strategic advice on 
  fundraising options and business expansion 
 
  ? The financial terms pertaining to the strategic advisory engagement are 
  commercially sensitive and subject to confidentiality agreement. Notes below 
  provide guidance as to Coinsilium's advisory service terms of business 
 
Kesholabs - East Africa Based Blockchain Development Studio 
 
To date, the Kesholabs team has been developing three applications, all of 
which are at the MVP stage, looking to launch in the East African market 
within the next 3 to 12 months. These three applications are: 
 
Pesabase - a mobile payment/remittance application currently running on the 
Celo testnet (https://celo.org/ [1]). The Pesabase platform combines 
stablecoin and mobile money and will have the advantage of ensuring 
cost-effective near instantaneous remittances and payments. 
 
Bithela - a platform solution that plugs into global cryptocurrency liquidity 
pools and allows users in various countries to deposit money, trade digital 
tokens and easily withdraw funds. 
 
Vitasphere - an e-sports platform allowing African video game players to 
connect online and compete for prizes in tournaments. 
 
Last month, Kesholabs was selected among the 18 finalists in Celo's blockchain 
accelerator program ('Celocamp') out of 251 applying teams from 60 different 
countries. Celo is an open platform that makes financial tools for mobile 
devices and is partly funded by Andreessen Horowitz and Polychain Capital. 
Kesholabs acceptance into Celocamp to build out its Pesabase product is 
recognition of its unique position in having built a team that understands the 
African mobile money/remittance market and the benefits that blockchain 
technology can bring. The Kesholabs team is working to build bridges between 
blockchain and mobile money wallets such as Mpesa. 
 
There are several strong indicators which point to a promising market for 
cryptocurrency services in Africa: over the last two years, three of the top 
five Google searches for 'bitcoin' have emanated from countries in Africa. 
Recent peer-to-peer cryptocurrency trading volumes have been the highest ever 
in sub-Saharan Africa and new cryptocurrency exchange sign-ups have seen sharp 
increases. 
 
As part of Kesholabs recently launched awareness campaign, Coinsilium CEO Eddy 
Travia and Kesholabs founder and CEO Nhial Majokhave co-authored an article on 
the African Cryptocurrency opportunity which has now been published on 
Medium.com. 
 
The post 'Is Africa the Land of Crypto Opportunities?' can be viewed via this 
link [2]. 
 
https://medium.com/@startupeddy/is-africa-the-land-of-crypto-opportunities-ebe 
917108916 [2] 
 
Coinsilium's Chief Executive, Eddy Travia, commented: "We are delighted to now 
be able to officially announce this advisory agreement with Kesholabs. Having 
known and worked with its talented founder and CEO Nhial Majok for some time, 
we share a common vision of the unique and promising opportunities the African 
market holds for the development of blockchain projects and the adoption of 
cryptocurrencies. We are also confident that Kesholabs has the right 
combination of management skills, experience and connections to become a major 
industry force in the region. 
 
We see this new advisory agreement, the first to be announced in 2020, as an 
encouraging sign of improving sentiment towards the blockchain technology 
sector, driven in the main by the strengthening global cryptocurrency markets. 
 
Coinsilium adopts a highly selective policy with regards to the advisory work 
it undertakes, opting in all cases for quality over quantity. Kesholabs' 
highly ambitious project soundly meets our criteria and we look forward to 
providing the market with updates on further developments." 
 
Advisory Service Terms 
 
Terms pertaining to advisory engagements are commercially sensitive and 
subject to confidentiality agreements. As a rule, service fees are made up of 
monthly retainer fees and a final success fee; the latter usually being a 
fixed fee or single digit percentage of the global proceeds of project 
funding, payable on its successful completion. Whilst these revenues can be 
meaningful, fees are usually denominated or payable in cryptocurrencies and 
are therefore often subject to the high levels of volatility witnessed in this 
industry. 
 
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 Coinsilium 
 
Coinsilium is a venture builder, investor and advisor, supporting early stage 
blockchain technology companies and the digital token economy. As the first 
ever IPO of a blockchain company in 2015, Coinsilium harnesses its experience 
and wide-ranging network to invest in leading blockchain projects such as 
RSK/IOV Labs, Indorse and Blox. 
 
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 [3] or follow 
@CoinsiliumGroup on Twitter 
 
About Kesholabs 
 
Kesholabs is a Kenya-based venture builder and development studio whose 
primary focus is in blockchain-driven innovation and decentralised open 
finance solutions. Kesholabs aims to develop and commercialise blockchain and 
cryptocurrency payment applications for the African consumer market. 
 
Recent Coin Telegraph article on Celocamp finalists including Kesholabs: 
https://cointelegraph.com/news/celo-developer-bootcamp-announces-18-finalists- 
from-15-countries [4] 
 
For further information about Kesholabs please visit: 
https://www.kesholabs.com/ [5] 
 
ISIN:          VGG225641015 
Category Code: MSCM 
TIDM:          COIN 
Sequence No.:  64211 
EQS News ID:   1048691 
 
End of Announcement EQS News Service 
 
 
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(END) Dow Jones Newswires

May 18, 2020 02:00 ET (06:00 GMT)