Holding Update: Anoma ("XAN")
KR1 holds 25m XAN tokens from Anoma protocol launch and 2.5m NAM tokens from Namada network.
- XAN tokens held 25,000,000
- NAM tokens held 2,500,000
- XAN lock-up period 12 months initial, then 36 months linear unlock
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KR1 plc (KR1:AQSE) is pleased to provide an update on the Company's Anoma ("XAN") holding.
Anoma is a decentralised protocol for intent-centric applications. By providing developers with a unified developer experience, Anoma is abstracting away complexities, enabling decentralised applications to compose users, state, and settlement across different underlying blockchains.
Following Anoma's recent launch, KR1 plc holds a total of 25,000,000 XAN, which were acquired through the purchase of Anoma tokens as announced previously on 31 May 2023.
The Company's XAN tokens are held in institutional custody and are subject to an initial lock-up of 12 months and, following that, a linear unlock over a period of a further 36 months.
In line with KR1 plc's previous support of Anoma, the Company also received 2,500,000 NAM tokens, representing a holding in the Namada network (a secondary network built by the Anoma Foundation). Namada is using zero-knowledge proof technology to build a composable privacy layer for Web3. The NAM token plays a central role in securing Namada's Cubic Proof-of-Stake system and contributes to the network's on-chain governance.
KR1 plc is currently evaluating the feasibility of commencing staking activities across both networks and will provide further updates on progress of that in due course.
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