Join Our Mailing List
Wednesday September 27, 2023
Bitcoin (BTC) $26,269.04   Ethereum (ETH) $1,600.61
  • 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 Investment Management

KR1 realizes $800K in 4 months from Polkadot (DOT) staking revenues

KR1 plans to maintain its staking of a large majority of its DOT position to continue generating revenues for operations going forward...

Published by CryptoNinjas.net
12/17/2020
KR1 realizes $800K in 4 months from Polkadot (DOT) staking revenues

Blockchain and crypto-asset investment company KR1, today announced an update on its revenue from staking activities on Polkadot (DOT). KR1 has generated a further 141,564.69 DOT since the last staking update announcement in August 2020, all of which have been sold at an average price of USD $5.63 per DOT token, realizing USD $796,942.58.

KR1 has realized more than 194,631.69 DOT from staking yields over the last six months since Polkadot migrated to a ‘Proof-of-Stake’ network on June 18, 2020. KR1 has now realized the entirety of its generated DOT staking yields to date, which netted the company a total of USD $991,745.54.

The KR1 team takes a long-term view on the price of DOT, implementing a strategy where, if the asset price is under pressure and below a certain price threshold, the company will not liquidate its accruing staking yields and postpones the realizing of yields until the market recovers. This strategy has led to a more favorable average realized price of USD $5.63 per DOT for this Polkadot staking revenue update, versus an average daily price of USD $4.67 per DOT if the company had sold its yields on a daily basis.

As of the date of this announcement, KR1’s total holding of Polkadot tokens is 3,498,842.45 DOT after the realization of all staking yields.

“A healthy flow of staking income without any capital expenditure allows us to take full advantage of the growing excitement in the digital asset markets. Once again, we have been very successful in achieving great average prices for realizing the company’s staking yields with our strategy to time market conditions. The momentum in the Polkadot ecosystem has been very encouraging, with a major surge in community participation and new features like Polkadot’s ‘parachain auctions’ and cross-chain communication coming closer to release.”
– George McDonaugh, Managing Director & Co-Founder of KR1

5
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin

Related News

MyEtherWallet launches multi-chain wallet extension for Polkadot (DOT): Enkrypt

08/03/2022
MyEtherWallet launches multi-chain wallet extension for Polkadot (DOT): Enkrypt

MEW (MyEtherWallet), a platform to access the Ethereum ecosystem, has announced the launch of a new cross-chain browser extension, Enkrypt, which will support transactions across Ethereum and Polkadot. For the first time, MEW users...

Read more

Decentralized crypto trading & DeFi platform Injective adds support for Polkadot assets

06/03/2022
Decentralized DeFi platform Injective adds support for Polkadot assets

Injective, the interoperable smart contracts platform optimized for DeFi apps, announced today it now officially supports Polkadot native assets. The integration enables Injective to be a primary gateway for cross-chain Polkadot assets to enter...

Read more

Enjin’s NFT gaming platform launches on Polkadot with 100+ games & apps confirmed

03/14/2022
Enjin's NFT gaming platform launches on Polkadot with 100+ games & apps confirmed

Enjin, an ecosystem for non-fungible tokens (NFTs), has now launched its parachain Efinity on Polkadot. As the first-ever NFT parachain to launch on the Polkadot network, Efinity will support CryptoBlades and its 1.1 million...

Read more

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
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
Blockstream Mining Bitcoin

Blockstream launches bitcoin mining colocation and pool services

08/08/2019
Blockstream releases new platform for Liquid-sidechain security token issuance

Blockstream releases new platform for Liquid-sidechain security token issuance

05/15/2019
Zilliqa blockchain combines incubation programs as it announces new grant winners

Zilliqa blockchain combines incubation programs; announces new grant winners

12/03/2019
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft launches new crypto exchange white label solution: ACE

06/27/2023
Maximize Your ETH Investment: The ETHphoria Vault by Pods

Maximize Your ETH Investment: The ETHphoria Vault by Pods

06/21/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 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 - 2024 CryptoNinjas Disclosures | Privacy Policy