RCS - Blue Star Capital - Pendulum Mainnet Launch

Blue Star CapitalAnnouncement

14/02/2023 07:00

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RNS Number : 7910P  Blue Star Capital plc  14 February 2023

14 February 2023

Blue Star Capital plc

 

("Blue Star" or the "Company")

 

Pendulum Mainnet Launch

 

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 the Pendulum parachain has gone live on
Polkadot mainnet.

Pendulum announced that the Mainnet Launch is the first phase of a three phase
Pendulum launch roadmap and marks a significant milestone for both the project
and its community. Phase two will be the token transfer event that allows for
the transfer, but not the trading, of tokens. The final phase will be the PEN
listing on the Zenlink automated market maker (AMM), which will come with
opportunities to earn rewards from providing liquidity. Pendulum noted that it
is possible that PEN will list on a top 10 Centralised Exchange around this
time.

Pendulum has announced that it is their intention to complete the launch
roadmap by March 2023.

As noted previously in the 30 December 2022 announcement, 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 Company is looking 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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