Join Our Mailing List
Saturday June 03, 2023
Bitcoin (BTC) $27,204.29   Ethereum (ETH) $1,903.23
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Featured

KR1 liquidates OmiseGo (OMG) and cashes in Nash Exchange (NEX) tokens

Published by CryptoNinjas.net
04/25/2019
KR1 liquidates OmiseGo (OMG) and cashes in Nash Exchange (NEX) tokens

KR1, a digital asset investment company supporting early-stage decentralized and open source blockchain projects, today announced that the firm has liquidated its remaining holdings in the OmiseGo (OMG) project.

Overall, the team reports that OMG has been one of KR1’s most successful token investments to date and has enabled KR1 to further support a number of other projects. The company has disposed of its remaining OMG tokens at an average price of US$2.054 per token for a total of US$205,851, having initially purchased each at a price of US$0.2738.

The company also reported today the disposal of 25,000 tokens of its holding in the Nash Exchange (NEX) project. The tokens were bought for US$1.00 per NEX token and were sold at an average price of US$2.033 each. KR1 still retains 25,000 NEX tokens and is expecting a successful exchange launch for the project towards the end of the year.

In line with its strategy to support early-stage projects, KR1 will repurpose the funds gained by investing in new projects.

George McDonaugh, CEO of KR1

“As ever, the blockchain space continues to grow at an extraordinary rate and we remain at the forefront of identifying and investing in transformational blockchain technologies, many of which are starting to move into production. Even throughout the recent year long, bear market, innovation has continued at a pace. Our investment in both these projects have been successful for us, generating significant returns and will allow us to capitalize on the current positive shift in market sentiment. In line with KR1’s strategy to stay nimble and back the very best projects in the space, we aim to time our exits when the time is right in order to achieve considerable returns on our investments.”

George McDonaugh, Chief Executive Officer of KR1
33
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Crypto investment fund KR1 continues to back cross-chain liquidity protocol HydraDX

02/23/2022
Crypto investment fund KR1 continues to back cross-chain liquidity protocol HydraDX

KR1, a blockchain and crypto-asset investment company, has now announced it has participated in the HydraDX (HDX) crowdloan and Polkadot (DOT) parachain auction. KR1 contributed a total of 350,000.00 DOT to the HydraDX crowdloan...

Read more

KR1 invests $4.4M in Shiden, a smart contract platform and dApp layer on Kusama

06/09/2021
KR1 invests $4.4M in Shiden, a smart contract platform and dApp layer on Kusama

KR1, a blockchain asset & crypto investment company, today announced it has participated in the Shiden crowd loan and upcoming Kusama (KSM) parachain auction. KR1 contributed a total of 10,000 KSM; equivalent to USD...

Read more

Enya launches public testnet of OMGX: OMG Network’s next-gen Ethereum scaling solution

05/11/2021
Enya launches public testnet of OMGX: OMG Network’s next-gen Ethereum scaling solution

Enya, a provider of software frameworks for privacy-preserving computation, in partnership with OMG Network, a provider of Ethereum scaling development, announced today the public testnet of OMGX, a layer-2 platform that supports Ethereum Virtual...

Read more

KR1 invests $200K in zero-knowledge proofs service Starks Network

03/17/2021
KR! invests $200 in Starks Network

KR1, a crypto & blockchain asset investment company, today announced its latest investment with the company investing a total of USD $200,000 in the Starks Network (STN) project. KR1 took part in Stark’s seed...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Token.io launches new spin-out company focused on digital money solutions

Token.io launches new spin-out company focused on digital money solutions

12/10/2019
Quant Network blockchain integrates Constellation for IoT interoperability

Quant Network blockchain integrates Constellation for IoT interoperability

12/03/2019
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
CoinFlip launches new self-custodial cryptocurrency wallet platform 'Olliv'

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

04/28/2023
Crypto exchange Deribit to launch zero-fee spot trading

Crypto derivatives exchange Deribit to launch zero-fee spot trading

04/20/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy