Coinsilium Group Limited (COIN)
Coinsilium Group Limited: SAFT and Advisory Agreement with P2E Gaming Group GGs.io
June 22, 2022 / 07:00 GMT/BST
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COINSILIUM GROUP LIMITED
(“Coinsilium” or the “Company”)
Coinsilium Group Limited: Coinsilium Signs SAFT Agreement and Advisory Agreement with P2E Gaming Group GGs.io
London United Kingdom, June 22, 2022 – Coinsilium Group Limited (AQSE: COIN) (OTCQB: CINGF), the blockchain and open finance builder, is pleased to announce its appointment as an advisor to Delaware-registered GGs.io (“GGs.io”) ) and that it has entered into a Simple Future Token (“SAFT”) agreement with GGs.io to purchase $100,000 worth of GGs.io Future Tokens, the utility token of the GGs.io gaming ecosystem. GGs.io aims to build Latin America’s first blockchain gaming center while promoting Web3 education and social mobility.
Coinsilium enters a SAFT for $100,000 for future GGs.io digital tokens to be distributed over a vesting period.
Coinsilium will provide strategic advisory services for GGs.io on the token economy, growth strategy and partnerships.
GGs.io founding team members have helped build successful esports businesses in Latam, launching and operating successful communities and events for brands such as Razer, Red Bull, Claro Gaming, ViacomCBS, Supercell, among others over the past 5 years. years.
GGs.io has been accepted as the first gaming project to join the Origami program, an accelerator for Decentralized Autonomous Organizations (“DAOs”) operated and founded by Y Combinator alumni and founding members of Orange DAO.
GGs.io estimates the market opportunity in its target region at 300 million players.
Eddy Travia, CEO of Coinsilium, commented:
“One of the oldest and best-known successes in blockchain gaming and Play-to-Earn (“P2E”) was A16Z– backed Axie Infinity which peaked at 2.7 million daily active users in November 2021, coinciding with its all-time high symbolic price (“AXS”) thanks to an increase to a $3 billion valuation by its creators, Sky Mavis, based in Vietnam. Despite AXS’ underperformance today, there are clear similarities between Axie Infinity’s home market – Southeast Asia and primarily the Philippines – and the Latin American or “Latam” market. These similarities are: weak and volatile currencies, high levels of youth unemployment, high proportion of unbanked people and high mobile phone penetration. Due to these similarities, we believe that Latam has the potential to become a major blockchain gaming market in the future. GGs.io is not tied to any specific game and aims to replicate the popular gaming guild model in its target market.
We are therefore very happy to participate in this pre-seed round for GGs.io and advise their very experienced team.
Nicolas Cortes, co-founder of GGs.io, commented:
“Coming from Web2 gaming and esports in Latin America, we see blockchain as the future of gaming and believe that emerging regions such as Latam are the perfect early adopters for this new niche. We have developed a community of over 100,000 midcore and hardcore gamers on GGs.io and want to provide them with opportunities in the quality titles that are launching or soon to be launched in the space.Our platform will educate gamers about blockchain gaming and drive adoption of the web2 to web3 while connecting them to the best revenue opportunities with AAA title-focused guilds, esports organizations and game publishers in the ecosystem.We are excited to have Coinsilium as our premier investor and strategic advisor to the within our team.
Under the terms of the SAFT, Coinsilium will receive 100,000 USD worth of GGs.io tokens. The tokens will be acquired over a period of time after the GGs.io token generation event. The Company cannot disclose at this stage precise details concerning the price or the number of tokens to be received. Further details will be provided through a market update in due course, when the Company is able to do so.
Coinsilium has agreed to provide strategic advisory services to GGs.io for a period up to and beyond the GGs.io token generation event. Services will include strategic advice on the token economy, growth strategy and partnerships. Consulting engagement terms are commercially sensitive and subject to confidentiality agreements.
Background of GGs.io
GGs.io aims to create social mobility in Latin America through blockchain gaming. GGs.io is a platform that brings Web2 gamers into Web3 by providing hands-on blockchain training and connecting them to the best earning opportunities with guilds, Web3 esports organizations, and game publishers. .
GGS will be the native token of the GGs.io ecosystem alongside the future GGs DAO aiming to be Latin America’s decentralized gaming community. Utility and governance features will be announced in the future with a comprehensive white paper.
The directors of Coinsilium Group Limited accept responsibility for this announcement.
Coinsilium Group Limited
Malcolm Palle, Executive Chairman
Eddy Travia, General Manager
+350 2000 8223
+44 (0) 7785 381 089
Peterhouse Capital Limited
Guy Miller/Mark Anwyl
(Advisor AQSE Growth Market Corporate)
+44 (0) 207 469 0930
SI Capital Limited
+44 (0) 1483 413 500
Notes to Editor
Coinsilium is a specialist blockchain and open finance operator based in Gibraltar, a preeminent global regulatory jurisdiction and a leading hub for innovative fintech. In 2015, Coinsilium became the first blockchain company to go public. The company has evolved to develop revenue-generating strategic advisory services and is a highly regarded innovator with proven technology and business expertise and development capabilities in the NFT space and also within open finance.
Coinsilium has developed an array of business partnerships and joint ventures around the world to support its development capabilities, giving it access to top technology experts, a strong network and affirming its deep industry profile. It has a 50/50 joint venture with IOV Labs in Singapore, enabling the promotion and commercialization of RSK’s products, services and technologies in global markets; and partnered with blockchain technology experts Indorse to establish Nifty Labs, a non-fungible token (‘NFT’) technology development studio in Gibraltar.
Coinsilium shares are traded on the AQSE Growth Market in London under the symbol “COIN” and on the OTCQB Venture Market in the United States under the symbol “CINGF”.
GGs.io is a blockchain gaming platform aimed at creating social mobility in Latin America. GGs.io provides free education and income opportunities to midcore and hardcore web2 gamers in the region by connecting them with top guilds, web3 esports organizations and game publishers.
GGs.io has built an organic community of over 100,000 early-stage gamers and its founding team has extensive expertise in building gaming communities and esports events for top brands such as Razer, Red Bull, Claro Gaming, Movistar, ViacomCBS, Supercell and others. over the past 5 years.
GGs.io recently closed its pre-seed funding round by raising over $1.1 million from top industry investors including Coinsilium, Orange DAO, Boost VC, Ripio, as well as strategic angels from BAYC and of the entertainment industry.
GGs.io seeks to decentralize its community in the future as the strongest Web3 audience of top Latin American gamers, earning and developing a side or full-time career in blockchain gaming and esports through its platform.
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