Science Blockchain Releases Q3 2019 SCI Token NAV
Santa Monica, CA — October 7, 2019 — Science Blockchain Pte Ltd., the premier startup studio investing in and building blockchain technology companies, today announces that the NAV of each SCI token as of September 30, 2019, is $0.49, based on the NAV of the underlying VC fund, Science Blockchain Holdings, LP.
The overall digital asset market conditions are the primary driver of the $0.10 decrease from the $0.59 NAV reported for the period ending June 30, 2019. The primary driver of the decrease was the fluctuation in the prices of crypto currencies from June 30, 2019 to September 30, 2019.
Because various new ventures, token sales and distributions are underway, Science Blockchain is currently carrying these investments at cost in line with our accounting policies. When and if there is reliable pricing data for these assets, we will mark them to market which will then be reflected in our future NAV reporting.
This past quarter, Science Blockchain completed distributions for SpringRole (SPRING), additional Mainframe (MFT), and WePower (WPR) tokens, the first distribution of VideoCoin (VID) tokens, and existing tokens that were previously held on Tokenhub directly to SCI2 token holders’ registered wallets via several token distribution events. You can read the full details on the distributions here.
The Science Blockchain portfolio includes the following:
- Bitcoin (BTC)
- Ethereum (ETH)
- EOS (EOS)
- EOS DAC (EOSDAC)
- BitClave (CAT)
- WePower (WPR)
- PolySwarm (NCT)
- SpringRole (SPRING)
- Mainframe (MFT)
- Aventus (AVT)
- SMRT (future tokens)
- 8gig (future tokens)
- Splyt (future tokens)
- VideoCoin (future tokens)
- GG Project Foundation (future tokens)
- Teal Aura (equity)
- Glacier Formation (equity)
- HedgeBase (equity)
- March Media Technology (equity)
- Fund3 (equity)
- RealBlocks (equity)
- FanDragon (equity)
- Dmail Inc (equity)
- Wave Financial Group (convertible debt)
The Science Blockchain team appreciates the trust and support of the SCI token holders and is committed to earning that trust each day through executing on its investment strategy.
As a reminder, all original SCI tokens, including those remaining on Tokenhub, are now frozen. Upgraded SCI tokens are available through the Securitize platform and the upgrade process is now open to all Science Blockchain investors at https://science.securitize.io. All SCI token holders who received their tokens via Tokenhub as part of the original issuance of the SCI tokens have received an email at the email address provided during the original SCI issuance process that contains a unique link to access their SCI Token Upgrade Dashboard.
The fourth token upgrade was completed in July 2019. The SCI2 Token Holder Dashboard is now live at science.securitize.io. Reminder for token holders to complete the token upgrade process if they have not already done so. Further, token holders will need to have upgraded SCI tokens (SCI2 tokens) in a registered wallet in order to receive portfolio company tokens that were held on Tokenhub and portfolio company token distributions. Please visit https://science.securitize.io for more information and to complete the upgrade process as soon as possible.
SCI Token holders are encouraged to register and visit https://www.science-inc.com/blockchain.html for current information.
About Science Blockchain
Science has been helping entrepreneurs build successful businesses for more than six years, during which time it has funded or founded more than 85 companies, and has had $1.3B in aggregate portfolio company exits. Science Blockchain, the first incubator in the world to be funded by its own tokenized compliant securities offering (token: SCI), intends to continue this history of successful company building by helping incredible blockchain entrepreneurs create and scale the software giants of the next century. We do this in three primary ways: 1) incubating promising early stage blockchain ventures, 2) engaging on a very limited and selective basis, with companies looking to take advantage of the possibilities presented by tokenized economies, and 3) investing in compliant private offerings of blockchain businesses. The unique token structure of SCI allows us to distribute 70% of the total tokens that Science Blockchain receives through our incubation and investment strategies directly to the SCI token holders. For more details, please visit https://www.science-inc.com/blockchain.html.
Disclaimer: This document contains certain forward-looking statements, relating to Science Inc.’s business, which can be identified by the use of forward-looking terminology such as “promising”, “plans”, “anticipated”, “will”, “project”, “believe”, “forecast”, “expected”, “estimated”, “targeting”, “aiming”, “set to”, “potential”, “seeking to”, “goal”, “could provide”, “intends”, “is being developed”, “could be”, “on track”, or similar expressions, or by express or implied discussions regarding potential filings or marketing approvals, or potential future sales of product candidates. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected. Science Inc. is providing this information as of the date of this document and does not assume any obligation to update any forward-looking statements contained in this document as a result of new information, future events or developments or otherwise.