PR Newswire
LONDON, United Kingdom, March 06
Thursday, 6 March 2025
KR1 plc
("KR1" or the "Company")
Holding Update: RedStone ("RED")
KR1 plc (KR1:AQSE) is pleased to provide an update on the Company's RedStone ("RED") holding.
RedStone is a decentralised oracle that delivers fast, secure, and scalable data feeds for the digital asset industry, ensuring that decentralised applications are powered by reliable, real-time information. Following its launch today, the RED token forms the foundation of RedStone's decentralised oracle infrastructure, with staking of the RED token adding a robust layer of economic security to RedStone's oracle stack.
As of today, KR1 plc holds a total of 25,454,545 RED, acquired through previous token purchases during two of RedStone's funding rounds, as announced by the Company on 29 July 2021 and 1 September 2022.
All RED tokens held by the Company are subject to a lockup schedule with an initial lock of 12 months from the launch and, following that, a gradual release from the lockup over a period of a further 18 months.
KR1 plc is further pleased to announce its intention of commencing staking activities for RedStone as the RED tokens are received from the unlock as detailed in the previous paragraph.
By leveraging RedStone's EigenLayer Actively Validated Service, the RED tokens can be staked by token holders and data providers to strengthen RedStone's network security and provide data to its oracle network.
Contact
For further information, please contact:
KR1 plc
George McDonaugh
Keld van Schreven
Phone: +44 (0)1624 630 630
Email: investors@KR1.io
Peterhouse Capital Limited (Aquis Corporate Adviser)
Mark Anwyl
Phone: +44 (0)20 7469 0930
Email: info@peterhousecap.com
SEC Newgate (Financial Communications)
Bob Huxford
Ian Silvera
Atif Nawaz
Phone: +44(0)20 3757 6882
Email: KR1@secnewgate.co.uk
About KR1
KR1 plc (KR1:AQSE) is a leading publicly listed digital asset company focused on decentralised technologies. Started in March 2016, and publicly listed on London's Aquis Exchange, KR1 plc has been a pioneer in digital assets and proof-of-stake networks.
www.KR1.io
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).
