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Milestone: TrustSwap Reports More Than $1 Billion in Cryptocurrencies Have Been Locked & Vested By Clients Through SmartLock Service

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TrustSwap, a Canada-based full-service digital asset platform, announced on Thursday more than $1 billion in cryptocurrencies have been locked and vested by TrustSwap clients through their SmartLock service.

Launched in the summer of 2020, TrustSwap describes itself as a distributed platform, cryptocurrency and protocol that delivers new solutions to decentralized finance (DeFi).

“By integrating smart contract services into easily accessible applications, TrustSwap is building a foundational layer in the rapidly-emerging decentralized finance landscape.”

TrustSwap also reported that results throughout 2020 included the following:

  • Over 47 million of TrustSwap’s native SWAP tokens – worth more than $214 million – have been staked through the Staking platform to-date across 12,000+ unique addresses.
  • More than 800 unique companies have securely locked their tokens through SmartLocks to ensure confidence and peace of mind for investors. 
  • Launchpad has raised more than $15 million in startup funding, successfully completing 18 campaigns with an average return on investment of 1,000%.

Speaking about the milestone, Jeff Kirdeikis, CEO of TrustSwap, stated;

“This past year has been incredible for the TrustSwap team and community, and reaching this milestone only validates that. Starting with the idea for SmartSwap and watching that develop into the digital asset platform we have become today is truly amazing. We’re only just scratching the surface of what the full-service TrustSwap ecosystem is capable of, and looking forward to unveiling that shortly.”

.TrustSwap then added that it is also set to launch Swappable, an NFT and ERC20 marketplace designed to not only charge lower fees, but return those fees back to the community it serves.

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Source: https://www.crowdfundinsider.com/2021/04/174771-milestone-trustswap-reports-more-than-1-billion-in-cryptocurrencies-have-been-locked-vested-by-clients-through-smartlock-service/

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Irish Fintech Payslip Announces Closing of Additional $10 Million to Series A Financing Round; Brings Total Funds Raised to $14.5 Million

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Payslip, an Ireland-based global payroll management software and fintech company, announced on Tuesday it closed an additional $10 million to its Series A financing round, which brought the total funds raised to $14.5 million. MiddleGame Ventures reported led the round and Mouro Capital serving as co-lead, with additional participation from Frontline Ventures, Tribal.vc, investors David Clarke, former CTO of Workday; Brian Williams– Co-Founder of One Source Virtual; and Phil Chambers, CEO, and Co-Founder of Peakon.

As previously reported, Payslip stated it delivers innovative global payroll management software to multi-national enterprise clients. The company also enables multi-national Global Payroll Teams to manage all data and workflows, internally across functions and externally with payroll providers, on a centralized cloud platform, delivering increased GDPR data protection, consolidated reporting, transparent process and people performance management. Fidelma McGuirk, CEO of Payslip, spoke about the company’s products by stating:

“Covid travel restrictions, in-country business continuity requirements, and increased WFH acceptability have turbocharged international hiring and country expansion. Payslip customers use our technology to grow quickly into new countries, deliver a unified employee self-serve experience globally and, most importantly, to have real-time insights via the reporting available on Payslip around payroll costs, operational delivery and vendor performance.”

Payslip further revealed that the extension round follows a record year of growth for the company since its last financing in March 2020, which saw a nearly 100% increase in employee headcount, 40% revenue growth, and 25% quarterly customer growth. The company then reported it plans to use the additional funding to expand its product roadmap to include enhanced payroll, benefits and employee payroll personalization, greater zero-touch automation and validation, and “last-mile” global payments & benefits integration.

The company added that the investment plans will ensure its platform and integration technology are fully optimized to lead the “next generation of innovation” in the global payroll space.

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Source: https://www.crowdfundinsider.com/2021/05/175507-irish-fintech-payslip-announces-closing-of-additional-10-million-to-series-a-financing-round-brings-total-funds-raised-to-14-5-million/

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Ethereum Not Just a Digital Currency, It’s a Financial Ecosystem Generating $29.3M in Fees Every 24Hrs, 8x More than BTC: Report

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James Wang, an experienced crypto analyst who says that Ethereum (ETH) could be the “last investment of your life,” points out that the world’s largest smart contract platform isn’t merely a cryptocurrency. Wang explains that Ethereum is a complete software platform with a rapidly increasing number of users, consistent revenue, and a wide range of decentralized applications (dApps).

Wang adds that if you cover or keep up with software such as AWS, MSFT, SNOW, or TWLO, then you also need to focus on Ethereum (ETH).

Indeed, Ethereum has come a long way since when it was initially proposed in 2013 by Russian-Canadian programmer and writer Vitalik Buterin, who recently became a crypto billionaire.

Ethereum has now matured into a sufficiently decentralized, open-source blockchain or distributed ledger technology (DLT) network with smart contract functionality. Ether (ETH) is the native digital currency of the platform and is trading at just under $3,300 at the time of writing (after recently surpassing the $4,300 mark but then quickly correcting).

Ethereum has consistently been ranked the world’s second-largest virtual currency in terms of market cap, behind only Bitcoin, for many years now. Ethereum has also become the most actively-used blockchain network in the world.

Ethereum Now the World’s Most Widely-Used DLT Network

According to CryptoFees.info data, Ethereum generated over $29.3 million in fees during the past 24 hours. Uniswap V2, a leading ERC-20 non-custodial exchange built on Ethereum, managed to generate $5.17 million in fees – which is good for second place.

Meanwhile, the Bitcoin (BTC) network only netted $3.34 million in fees during the last 24 hours. In fourth place, SushiSwap, a fork (or variation) of Uniswap, recorded around 3.00 million in total fees in the past 24 hours while Aave and Compound, both of which are based on Ethereum, netted $1.41 mmillion (5th place) and $945,000 million (6th place) in fees respectively in the last 24 hours.

While we could argue that a cryptocurrency network’s ability to generate the highest amount in transaction fees is not the only metric to examine, Ethereum now rests on very strong fundamentals. The fast-evolving decentralized finance (DeFi) ecosystem is being developed almost completely on Ethereum.

Over $76 Billion Now Locked in Ethereum-Dominated DeFi Space

DeFi Pulse data shows that there’s over $76.4 billion in Total Value Locked (TVL) in the nascent decentralized finance ecosystem. To put this into perspective, there was just around $1 billion in TVL into DeFi in February 2020. Some might argue that DeFi could be a massive bubble and that these valuations may not be sustainable.

However, a closer examination of the open-source, permissionless, and sufficiently decentralized Ethereum-based protocols makes it abundantly clear that DeFi still has a lot more potential TVL to capture. In fact, Ethereum is still very much in its early stages of adoption and development. Its full potential is still far from being realized when we consider that the smart contract platform has not yet fully transitioned from a proof-of-work (PoW) based consensus model to a proof-of-stake or (PoS) based model (more on this later).

Notably, DeFi Pulse is currently tracking around 100 different decentralized finance protocols and all of them have been developed on Ethereum. Currently, the Maker Protocol claims the top spot on DeFi Pulse with nearly $12.8 billion in TVL. Maker is classified as a lending protocol and the second-largest in terms of TVL project, Aave, is also a lending protocol.

Compound, which currently ranks third on DeFi Pulse in terms of TVL, has been categorized as a lending protocol as well. Below is a brief description of what these protocols have to offer.

DeFi Lending Protocols like Maker Introduce Governance Token Concept

Maker (MKR) is the governance token of the MakerDAO (DAO stands for distributed autonomous organization) and Maker Protocol. Both the DAO and the protocol are based on the Ethereum blockchain and they allow users to both issue and manage the DAI stablecoin.

Founded in 2015 and then officially launched in December 2017, Maker is an initiative that is focused on operating DAI, which is described as a community-governed “decentralized” virtual currency with a stable value “soft-pegged” (roughly) to the US dollar.

MKR tokens serve as a type of voting share for the organization that manages DAI. Although they don’t distribute dividends to their holders, they do provide holders with voting rights regarding the ongoing development of Maker Protocol. MKR tokens may increase in value in accordance with the success of the DAI stablecoin.

Notably, the Maker ecosystem is one of the first DeFi initiatives that has taken advantage of the smart-contract capabilities of Ethereum.

One of the main functions of a complete financial system is its ability to issue loans and then have an effective way of rewarding the loan issuers while providing manageable ways for borrowers to pay back what they owe. Traditional banking has depended heavily on its ability to disburse loans in an efficient manner while minimizing overall risks for borrowers and lenders.

This same lending system is being built in the DeFi space, but it’s arguably better because the lending process does not rely on too many trusted third-parties or intermediaries. The lending process has been automated via smart contracts, but this hasn’t been perfected since there are still too many hacks and vulnerabilities being discovered, almost on a daily basis.

Despite these issues, there’s no denying that many of these DeFi lending protocols are not only here to stay, but they are only going to get (much) better with the passage of time and a lot of hard software development work. By far, Ethereum has the largest number of talented developers working to further improve its ecosystem than any other crypto project (even Bitcoin). That’s one of the main reasons why Ethereum has the potential to become the foundation of the world’s financial infrastructure in the coming decade.

Some strong early signs that the future financial system will leverage decentralized protocols are already here. Visa (NYSE:V) recently announced that it’s “bridging digital and fiat” currency by integrating the USDC stablecoin. Visa said that by enabling USDC, it is creating the ability to one day support Central Bank Digital Currencies (CBDCs).

Visa had explained that after months of planning the company successfully completed a settlement transaction in March 2021 with Crypto.com sending USDC to Visa’s Ethereum address at Anchorage. Expectations are to launch this same capability for other partners this coming year.

Aave Now has More than $11.2 Billion in TVL

But getting back to Ethereum lending protocols, Aave currently has over $11.2 billion in TVL. As previously reported, Aave is a DeFi protocol that lets users lend and borrow crypto-assets.

Lenders on Aave are able to earn interest by depositing digital assets into liquidity pools. Borrowers are able to use their cryptocurrency holdings as collateral in order to take out a flash loan, by using this liquidity.

Aave, which means “ghost” in Finnish, was first called ETHLend when it was initially launched in November 2017. However, the rebranding to Aave took place in September 2018.

The AAVE token offers holders the chance to benefit from discounted fees when using the platform. AAVE is also a governance token that gives holders a say in the ongoing development of the protocol.

Aave has a number of selling points when compared with other protocols in a crowded DeFi market. During the DeFi mania in mid-2020, Aave was one of the most prominent projects in terms of the TVL.

The AAVE project lets users borrow and lend in around 20 different digital currencies, which means that people have many options when it comes to conducting transactions. One of Aave’s main or flagship products are “flash loans,” which have been referred to as the very first uncollateralized loan option in DeFi. However, these so-called flash loans need to be returned as part of the same transaction.

Another major selling point for Aave is how users who take out loans can switch between fixed and variable interest rates. Although fixed rates may offer some certainty in terms of expected costs (during increased volatility in crypto-asset markets), variable rates may be a good option if the prospective borrower believes that prices will decline in the foreseeable future. (Note: to learn more about Aave, check here.)

DeFi Protocol Compound Offers “Flash Loans”

As covered, Compound is currently the third-largest DeFi lending protocol with over $9.7 billion in TVL at the time of writing.

Compound lets people earn interest on their crypto by depositing them into one of several different pools that’s supported by the platform. When someone deposits tokens to a Compound pool, they get cTokens in exchange for the deposited funds. These cTokens represent the person’s stake in the pool and may be used to redeem the underlying crypto that was initially deposited into the pool at any given time.

For instance, by depositing Ethereum (ETH) into a pool, you will get cETH in return. Over a certain timeframe, the exchange rate of the cTokens to the underlying asset should rise, meaning that you may be able to redeem them for significantly more of the underlying asset than you may have deposited (so that’s how the interest is distributed via the Compound protocol).

Borrowers using Compound are able to obtain a secured loan from Compound pools by putting up collateral. The maximum loan-to-value (LTV) ratio can change based on the collateral asset. At present, it ranges from 50 to around 75%. The interest rate paid also changes based on the borrowed asset and borrowers may have to deal with automatic liquidation if their collateral happens to drop below a certain maintenance level. (Note: to learn more about this protocol, check here.)

Much More than Lending Protocols, Ethereum Ecosystem Offers Payments, Derivatives, DEXes

So far, we have only briefly discussed DeFi lending protocols. However, there’s a lot more to decentralized finance than just these types of platforms. Currently, there are many different payments, derivatives and decentralized (or non-custodial) exchanges being developed (or already built) on Ethereum.

These important developments have been highlighted in an extensive new report, shared by James Wang (on May 17, 2021). They are as follows:

Total Ethereum transaction fees, also referred to as network revenue, surged 200x to $1.7 billion in Q1 2021, compared with only $8 million during Q1 2020. In April 2021, Ethereum managed to generate an annualized revenue run rate of $8.6 billion, which is comparable to Amazon Web Services back in 2015.

Total transaction volume on Ethereum surged 20x to $713 billion in Q1 2021, when compared with just $33 billion in Q1 2020.

Median transaction fee grew 126x to $7.63 in Q1 2021, when compared with just $0.06 in Q1 2020. Daily active addresses, which can serve as a proxy for daily active users, grew 71% to 607k in Q1 2021 (compared with 364k in Q1 2020).

Staked Ethereum “reached 3.6 million ETH in Q1 2021” with staking only recently being introduced in December 2020.

Ecosystem Results

As mentioned in the report shared by Wang, DEX volume surged 76x to $177 billion in Q1 2021, (compared with merely $2.3 billion in Q1 2020).

DeFi total value locked “increased 64x to 52 billion in Q1 2021, compared with $0.8 billion in Q1 2020,” the report revealed while adding that stablecoin volume “increased 100% to $40 billion in Q1 2021, compared with $20 billion in Q1 2020.”

Wrapped BTC, the tokenized version of Bitcoin that runs on the Ethereum blockchain, saw its volume “increase 95x to 170k BTC in Q1 2021, compared with 1.8k BTC in Q1 2020.” Approximately 1% of bitcoin supply is “wrapped as ERC-20 tokens and traded on top of Ethereum.”

Non-fungible tokens or NFT art sales “increased 560x to $396 million in Q1 2021, compared with $0.7 million in Q1 2020.”

Anthony Sassano, Founder of The Daily Gwei, remarked:

“Q1 was a phenomenal quarter for Ethereum. On-chain metrics from active addresses to transaction volume reached all time highs.’

David Hoffman, Founding Father of Bankless, stated:

“The popularity of DeFi shows that Ethereum is more than just a crypto currency, it is the world’s best programmable money.”

Justin Drake, a researcher at the Ethereum Foundation, noted:

“People are realizing that Ethereum isn’t just money, it’s ultra-sound money. While other crypto currencies may boast of having a supply ceiling, Ethereum will soon have no supply floor.”

The report also mentioned:

“Ethereum’s strong Q1 growth was not without pains. Gas prices spiked in Q1 due to the incredible popularity of DeFi and NFT applications. Level 2 scaling, which is already being deployed across the ecosystem, aims to alleviate congestion and bring cost and power consumption down to near zero.”

Ethereum Ecosystem Highlights

Metamask—the widely-used Ethereum wallet for desktop and mobile—managed to reach 4 million monthly active users (MAUs) in Q1 and “crossed 5 million MAUs in April,” the report confirmed while noting that Metamask mobile “saw strong global growth, especially in India, Indonesia, Vietnam, and Nigeria.”

Metamask’s MAUs is now “comparable to mainstream consumer applications such as Robinhood and Clubhouse,” the report added.

Meitu—a Chinese mobile software firm —purchased 16,000 ETH for its balance sheet. Meitu’s board has “allocated up to $100 million for the purchase of cryptocurrencies to diversify its treasury,” the report noted while adding that Ethereum “makes up its largest position.” Meitu is currently evaluating whether it should develop applications on the Ethereum blockchain.

Notably, Canada has approved four exchange-traded-funds or ETFs for purchasing and trading ETH. Evolve Ether ETF (TSX: ETHR), CI Galaxy Ethereum ETF (TSX: ETHX), Purpose Ether ETF (TSE: ETHH), and 3iQ CoinShares Ether ETF (TSX:ETHQ) all aim to offer convenient and economical ways to hold ETH as part of a regular brokerage account.

Outlook for Ethereum

As stated in the report:

“2021 is perhaps the most important year in Ethereum’s history. The two key themes for 2021 are economic security and scalability. In April the Ethereum core dev team approved EIP1559—a software update that improves the bid process for block space and introduces a burn mechanism for the base portion of the transaction fee.” 

The report added that fee burn should offset a considerable portion of Ethereum issuance, which could help pave the way for long-term network security with “minimum dilution.” The report also mentioned that Ethereum Improvement Proposal or EIP1559 is now “on track to be deployed on test nets on June 9, 2021, followed by official rollout via the London hard fork on July 14, 2021.”

The report further noted:

“Ethereum has a dual pronged approach to scaling network capacity—rollups and sharding. Rollups batch and compress transactions off-chain, increasing transaction throughput by ~100x. Sharding breaks the Ethereum main chain into sub-chains to enable parallel computation, further improving throughput by ~100x. By employing both technologies, Ethereum 2.0 at maturity could process upward of 100,000 transactions per second versus 15 today.”

The report continued:

“In early Q2, Ethereum ecosystem partners launched a number of projects powered by rollups. dYdX launched its zk-rollup platform for perpetual futures trading while Immutable X launched a zk-rollup based platform for minting and trading NFTs. Transactions via rollups consume negligible energy compared to the main chain, addressing one of the main criticisms of the NFT economy. Uniswap—the most popular decentralized exchange for Ethereum is expected to launch rollups via Optimism in the coming weeks.”

Toward the end of 2021, Ethereum “aims to switch from its current proof of work algorithm to proof of stake,” the report confirmed while adding that the initial version of the proof of stake chain (“beacon chain”) went live in December of last year.

On May 12, 2021, developers carried out a “successful merge of the two chains in a test environment,” the report revealed while noting that proof of stake will “reduce Ethereum’s energy consumption by 99% while providing democratic access to staking rewards for all ETH holders.”

Balance Sheet

The report also noted:

“At the start of Q1 2021, the Ethereum Foundation’s treasury had 460k ether valued at $560 million. At the end of Q1 2021, the treasury’s balance was 430k ether, valued at $826 million. The Ethereum Foundation spent 30k ether during the quarter but the treasury’s value in USD terms grew due to ether-USD appreciation.”

(Note: to view other Ethereum results, check here.)

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/05/175467-ethereum-not-just-a-digital-currency-its-a-financial-ecosystem-generating-29-3m-in-fees-every-24hrs-8x-more-than-btc-report/

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Unicorn: Financial Institutions Tech Amount Secures Nearly $100 Million Through Series D Funding Round; Bringing Post-Money Valuation to $1 Billion

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Amounta U.S.-based financial institutions tech company, announced on Tuesday it raised nearly $100 million through its Series D funding round and has achieved unicorn status by having a post-money valuation of $1 billion.

Amount reported it delivers the technology financial institutions need to create and enhance the digital consumer experience.

“Built by lending industry veterans, Amount helps partners go digital in months—not years—with omnichannel retail banking experiences and a robust point-of-sale financing product suite underpinned by platform features including fraud prevention, verification, decisioning engines and account management.”

The company’s partners may also optimize performance across product categories by tapping into various service offerings including customer acquisition, funnel and performance assessments, and risk analytics.

Amount further revealed that the Series D round represents over a 50% increase in valuation from the Goldman Sachs-led $86 million Series C announced in late 2020, bringing Amount’s total capital raised to $243 million since becoming an independent company in January 2020. Speaking about the investment round, Adam Hughes, CEO of Amount, stated;

“The additional capital clearly demonstrates the value our investors see in Amount’s ability to accelerate digital transformation in the banking and ecommerce industries through our robust retail banking suite and buy now, pay later platforms. We’re thrilled with the confidence that blue chip investors continue to have in our momentum and are excited to join the other Chicago tech unicorns who are helping make our city a hub for technological innovation and progress.”

Amount added that the Series D funds will be used to accelerate hiring in the company’s product, technology, and sales groups while pursuing accretive merger and acquisition opportunities to add new products and features to its platform.

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Source: https://www.crowdfundinsider.com/2021/05/175503-unicorn-financial-institutions-tech-amount-secures-nearly-100-million-through-series-d-funding-round-bringing-post-money-valuation-to-1-billion/

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What’s New in CBD, from the Co-Founder of KLORIS

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When investing, your capital is at risk.

The CBD market is now on track to reach over £390 million in value in the UK alone. 

Known for its healing benefits for anxiety, stress and more, CBD can now be found in more household products than you can think of, including serums, bath bombs, gummies, soft drinks and more. Companies like KLORIS are making high quality CBD more accessible than ever, and with regulation slowly but surely turning in its favour at global scale, CBD is about to go mainstream.

We sat down with KLORIS co-founder Matt McNeill to discuss innovation in CBD and what we can expect from the brand in the future.

CBD is all the rage right now, what made you want to enter the industry?

Myself and my two co-founders Kim and Pedram have had a long-term interest in the science of health and wellbeing – notably the benefits of cannabis, and in particular CBD. The two of them had been using it for some time and were effusive about it’s benefits and gave me some to try. I found it really helpful for dealing with stress. The decisive moment for me though, was when I gave samples of our very first products – our CBD oil and CBD balm – to my father, who has suffered pain from chronic nerve damage in his legs for years. A couple of days later, he called me and said it had changed his life. That was when I knew this was something we had to do.

What was your experience prior to founding KLORIS and how did it help you navigate the CBD market?

I’ve always been an entrepreneur. In 2003 I founded a SaaS marketing platform in London which I built up and then sold to what is now GoDaddy in 2014. After a couple of years there, I moved to Australia and co-founded an agency called Andzen, which is now one of the largest e-commerce customer journey specialists in APAC. 

Both of these gave me a lot of experience in building and scaling global businesses, dealing with changing regulatory environments and creating successful direct-to-consumer ecommerce businesses.

What is KLORIS’ product offering and how does it stand out from other brands? 

CBD is a very new area, and so building customer trust is key. From the beginning, we set out to build KLORIS as a premium wellness brand that pays attention to every aspect of the product and the customer experience, stays true to its values, and pays respect to natural ingredients and the planet. 

We offer both ingestible and topical products based on CBD and plant-based ingredients. Our range of premium skincare and bathing products is particularly unique as it uses natural ingredients to bring out the best aspects of CBD’s properties for the skin. It’s been amazing to see this recognised by world-class brands like BVLGARI, who we’ve partnered with to curate a signature massage experience for their London spa.

What are some of the benefits to incorporating premium CBD products into your everyday routine?

The amazing thing about CBD is that it helps achieve balance (homeostasis) by triggering production of the specific endocannabinoids that the body is deficient in. Endocannabinoid deficiency has proven to cause a range of conditions, from stress and anxiety through to inflammation and pain, which means that CBD can have different effects in different people. Many people report benefits from daily supplementation with CBD oil. 

CBD also works differently depending on whether it’s ingested or applied topically as we have different receptors throughout the brain and body. When applied to the skin, it’s thought to aid with inflammation and pain, as well as be a potent antioxidant. 

What did your product development process look like from a scientific perspective?

Our development process always begins with efficacy – what do we want the product to do? From there, we look to the natural ingredients that will help us achieve the desired result and what doses they need to be present in. At each stage, we work with scientists who are experts in their fields to help us reach the optimum formulation. 

There are a lot of gimmick products on the market that contain either tiny amounts of CBD, or mix CBD with other substances, meaning they won’t be taken up by the body. We make sure every ingredient in our products has a purpose. Our award-winning face oil for example has only 4 ingredients, all of them plant-based.

Are there any new products or applications of CBD you’re currently looking into? 

Always! We’ve developed four new products already, the first of which we’ll be launching in June. Novel Foods regulations in the UK mean that no new ingestible products can come on the market without a fully approved application (a process which can take over a year), so our current pipeline is focussed on topical products and natural ingredients that complement CBD.

You saw 350% revenue growth in FY 2020, which is incredible. What was the driver of that growth?

There are a lot of factors to our growth – but at the end of the day the quality of our products and the benefits customers realised from them is the key, as a result of this we’ve received a lot of press coverage and word-of-mouth recommendations. 

What do you think the future of CBD looks like given the regulatory environment? 

The global regulatory environment is becoming increasingly favourable to CBD, especially in the UK, EU and USA. We’re beginning to see the UK position itself as a leader in this space, as the regulation becomes more well-defined. If farming hemp for CBD extraction becomes legalised in the UK – this is more a case of ‘when’ and not ‘if’ – then that position will be cemented. 

What would you tell someone on the fence about using CBD?

Firstly, it’s not going to get you high! It’s derived from hemp, which isn’t intoxicating and has been consumed by humans for thousands of years. Secondly, CBD is quite unique in the way that it helps the body to help itself – our bodies naturally produce their own cannabinoids (called endocannabinoids) and CBD can help us get levels of these back in balance.

What’s your favourite KLORIS product and why?

Having damaged both of my knees through exercise, I swear by our high strength CBD balm and use it daily. 

Why do you think now’s the right time to invest in CBD?

We’re only just beginning to see the impact and benefits of CBD let alone cannabis, on the world. The brands like ours that are putting in the hard work now, have the potential to become giants over the next decade.

Coming from a tech background I see a lot of similarities to the way that industry developed – we’ve already seen an initial bubble come and go, now we have much needed regulation coming in and paving the way for mass adoption and stable business growth.

To find out more about KLORIS, visit the pitch now

Michaela Salomon

Michaela Salomon

Campaign Support Team

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.seedrs.com/learn/blog/whats-new-in-cbd-from-the-co-founder-of-kloris

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