Coinsilium Group Limited

Byzant Web3 Social Network Makes Significant Progress and Welcomes New Partners

Coinsilium Group Limited (COIN) Coinsilium Group Limited: Byzant Web3 Social Network Makes Significant Progress and Welcomes New Partners 15-March-2024 / 07:00 GMT/BST COINSILIUM GROUP LIMITED

("Coinsilium" or the "Company")   

Coinsilium Group Limited: Byzant Web3 Social Network Makes Significant Progress and Welcomes New Partners

London, UK, 15 March 2024 - Coinsilium Group Limited (AQSE: COIN) (OTCQB: CINGF), the Web3 advisor, venture builder, and investor, is pleased to provide an update on Byzant (“Byzant”), the Web3 Social Network Ecosystem project under development in partnership with portfolio company Indorse.

Byzant Web3 Social Network Background

• Byzant is an active collaboration between a syndicate of major digital advertising and blockchain industry partners, including Coinsilium and Indorse (the “Byzant Collaboration”).
• Coinsilium has a 10.156% equity interest in Indorse and holds 14.12% of IND tokens in circulation. Coinsilium’s participation and economic interests in Byzant will be represented through a material stake in new project tokens at the founding member level.
• The syndicate members are working together to deploy a decentralised Social Network for creative professionals and a suite of Web3 applications and tools developed by Indorse to overcome many of the functionality and User Experience (UX) issues inherent in the current generation of Web3 applications. 
• Indorse is the principal technology partner for Byzant with Coinsilium providing strategic advisory services. 

Eddy Travia, Chief Executive of Coinsilium, commented: “We are delighted to see the progress being made in the development of the Byzant Web3 Ecosystem applications and especially with regards to the Byzant social media platform and Adbazaar, its smart-contract powered advertising network.