RCS - Blue Star Capital - Pendulum Completes Crowdloan

Blue Star CapitalAnnouncement

23/12/2022 07:00

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RNS Number : 6952K  Blue Star Capital plc  23 December 2022

23 December 2022

Blue Star Capital plc

 

("Blue Star" or the "Company")

 

Pendulum Completes Crowdloan

 

Blue Star Capital plc (AIM: BLU), the investing company with a focus on
esports, payments, technology and its applications within media and gaming,
notes the recent announcement by Pendulum, a company incubated by Blue Star's
investee company SatoshiPay, that it completed its crowdloan (the "Campaign")
and is now set to become a Polkadot Parachain.

Pendulum, a smart-blockchain infrastructure technology company that aims to
decentralize forex and traditional finance, advises that the Campaign was the
fastest parachain crowdloan in the history of the Polkadot ecosystem, reaching
a hardcap of 300,000 $DOT (approximately £1.14 million) in approximately
three minutes. The Campaign marks the highest auction hardcap since May 2022
in the Polkadot ecosystem and is seen as a demonstration of the strong
support and enthusiasm for Pendulum's integration into this ecosystem.

The Company holds a 27.9 per cent. stake in SatoshiPay, and SatoshiPay has an
interest of 5.5 per cent. of Pendulum's future PEN tokens.

The Board of Blue Star also notes the anticipated launch of Pendulum on the
mainnet in February 2023 and looks forward to further positive news for
Pendulum and SatoshiPay.

 

For more information please contact:

 

 Blue Star Capital plc               +44 (0) 777 178 2434
 Tony Fabrizi, Executive Chairman

 

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confirming that the information contained in this announcement is of a
non-regulatory nature.

 

About Blue Star

Blue Star is an investing company with a focus on new technologies. Blue
Star's investments include SatoshiPay Limited, a payments business using
blockchain technology; 8 early-stage to mid-level esports companies, including
Guild eSports plc, a global esports business headquartered in London whose
lead investor is David Beckham and Dynasty Gaming & Media Pte. Ltd., whose
B2B white label platform is a full-stack gaming ecosystem; and Sthaler
Limited, an identity and payments technology business which enables a consumer
to identify themselves and pay using just their finger.

 

 

Forward looking statement disclaimer

Certain statements made in this announcement are forward-looking statements.
These forward-looking statements are not historical facts but rather are based
on the Company's current expectations, estimates, and projections about its
industry; its beliefs; and assumptions. Words such as 'anticipates,'
'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar
expressions are intended to identify forward-looking statements. These
statements are not guarantees of future performance and are subject to known
and unknown risks, uncertainties, and other factors, some of which are beyond
the Company's control, are difficult to predict, and could cause actual
results to differ materially from those expressed or forecasted in the
forward-looking statements. The Company cautions shareholders and prospective
shareholder holders not to place undue reliance on these forward-looking
statements, which reflect the view of the Company only as of the date of this
announcement. The forward-looking statements made in this announcement relate
only to events as of the date on which the statements are made. The Company
will not undertake any obligation to release publicly any revisions or updates
to these forward-looking statements to reflect events, circumstances, or
unanticipated events occurring after the date of this announcement except as
required by law or by any appropriate regulatory authority.

 

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