‘Non Fungible Penny’ A New Henry III Gold Penny*
SINGAPORE, January 22, 2022 /PRNewswire/ — Metaverse Blockchain Fusion NFT™ company, Coinllectibles™, a wholly owned subsidiary of Cosmos Group Holdings, Inc. (OTC: COSG) is pleased to announce that it has partnered with Spink to offer the first-ever collectible NFT coin offered by an international auction house. . It will also be the first NFT ever issued by Spink, a renowned collector’s auction house dating back to the 1600s.
Like the yellow petals of the broom plant adorning the Plantagenets hat, the powerful immutability of this almost pure piece of gold has remained intact and unexposed for centuries. That was until a chance signal on Sunday September 26, 2021 rediscovered her beauty, a beauty that caused a viral media sensation across the world in the days leading up to the auction at Spink.
About the “Non-Fungible Penny”
This specially commissioned virtual moving graphic, to be transformed into an equally immutable hybrid NFT™commemorates this unique moment, as the Hemyock floor is finally removed after 765 years to unearth the most significant single coin find made in Britain for more than a decade, and the first time a new coin of its kind has been placed in the archaeological record for nearly 260 years. Where once the coin fell from the pocket of the lord of the mansion John de Hidon, it lands in all its beauty not only in our hands, but in our combined consciousness. And why our beleaguered and emboldened King Henryenthroned for centuries does he not wish to give us a joyful wink as he is once again exposed to the world?
*In 1257, King Henry III of England launches a gold coin. It was not a hit and only seven of the plays are known to have survived, i.e. up to September 2021 when an eighth was discovered by a metal detector in a field in Hemyock in Devon. It is the image of this eighth piece that is the subject of the present auction. Henry’s coinage was the first struck in gold since the Norman conquest, all the Norman and Angevin kings having limited themselves to striking silver coins. A series of questions naturally arise. Why did Henry mint his coinage? Where does gold come from? Why did the room have a unique design? How many coins were minted and what happened to them? Why did the business fail? Fortunately, the source material allows at least one answer to these questions. It also helps to suggest how one of the pieces ended up in Hemyock.
Read the full story here:
https://d3ums4016ncdkp.cloudfront.net/auction/catalogue/22104/22104.pdf (lot 220 which precedes the sale of lot NFT 221)
How to Bid for the ‘Non Fungible Penny’ on the Coinllectibles MetaMall
The h-NFT (Hybrid NFT™) contains the title of ownership of the private and commercial licenses described therein with respect to the Mp4 Video 4k UHD file. Proceeds from the auction will be divided between charities chosen by the seller and Spink, in particular The Rodney Cook Memorial Fund and the Himal Foundation.
To bid on h-NFT, please visit the Coinllectibles MetaMall, click on project details and upload your bids to the digital auction wallet. Details of the Digital Auction Wallet will be available at 7:00 UTC at http://www.coinlectibles.art/.
Bidders can bid for h-NFT in Binance Coin (BNB) or Colligo Tokens (COTK). A bid is considered when someone transfers BNB/COTK to the digital auction wallet and each bidder will be recognized by the unique digital wallet address. To illustrate, if bidder A bids for 2,000,000 COTK while bidder B holds 2 wallets and bids at 1,600,000 COTK and 1,700,000 COTK respectively, bidder A will be considered the winner . While bidder B made a total bid of 3,300,000 COTK, they are considered separate bidders due to different wallet addresses.
There is no limit to the number of bids and/or counter bids each wallet can make.
To reconcile the different digital currencies, the conversion rates to 5:15 p.m. UTC will be taken. For the avoidance of doubt, the winning bid on the Coinllectibles platform will be rolled into the Spink live auction, less the 20% buyer’s premium charged by Spink, so that all bidders are treated pari passu, and the winner Coinllectibles does not pay more than the original purchase offer.
If in the live auction no bid exceeds the winning bid of Coinllectibles, then the NFT will be transferred to the highest bidder of Coinllectibles.
If in the live auction the winning bid is higher than the winning Coinllectibles bid (less the 20% buyer’s premium), then the NFT will be transferred to the highest bidder in the live auction. Once the winner is announced, the h-NFT will be transferred to the auction winner while the rest of the tokens will be refunded.
The starting price of h-NFT is £5 ($6.70 or COTK2900, based on current exchange rates). and the auction will end at 5:15 p.m. UTC on Sunday January 23, 2022.
This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by words such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “target”. , “intend”, “look forward to”, “may”, “plan”, “potential”, “predict”, “project”, “should”, “fly”, “would” and similar expressions. These forward-looking statements may include, but are not limited to, statements regarding future business activities, including expansion into the decentralized finance space. These forward-looking statements are neither promises nor guarantees and involve substantial risks and uncertainties. Among the factors that could cause actual results to differ materially from those described or projected herein are the uncertainties associated with operating a business in Singapore and hong kongrisk of PRC government interference, ability to compete, that financial resources may not last as long as expected, and that COSG is a holding company that may not realize the expected benefits of NFTs offered by Coinlectibles™️. A more detailed list and description of these risks, uncertainties and other risks can be found in COSG’s regulatory filings with the United States Securities and Exchange Commission, including its current report on Form 8-K filed on September 17, 2021. Existing and potential investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. COSG undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.
For media inquiries, please contact:
Mrs Rachel Lim
Director, Marketing and PR
About Cosmos Group Holdings Inc.
Cosmos is a business group that operates in two business segments:
- Arts and collectibles
Via Coinlectibles™the group provides authentication, assessment and certification (AVC), sale and purchase, hire-purchase, financing, custody, security and exhibition (CSE) services to buyers of art through traditional channels, as well as leveraging blockchain technology through the creation of non-fungible tokens (NFTs).
With licensed subsidiaries that of Hong Kong Money Lenders Ordinance, the group currently primarily offers unsecured personal loans to individuals, with a small portfolio of mortgages.
The group integrates the two business segments by offering secure financing services to potential art and collectibles buyers to provide a unique art and collectibles buying and financing experience.
About the company – Coinllectibles™
Coinlectibles™ is an ACT (Arts and Collectibles Technology) company, redefining the way the world thinks about art and collectibles ownership in the digital age.
Their Organized Fusion NFTs™capture all rights, independent appraisal and ownership of physical arts and collectibles, securely backed by smart contracts stored on the blockchain.
Coinllectibles™️ Fusion NFT™ bridging the physical and virtual dimensions of the arts and collectibles market, providing an enjoyable, seamless and frictionless experience for customers from all walks of life.
About Coinllectibles™ NFT Fusion™
Coinlectibles™ is proud of the Fusion NFT™ as the industry “Gold Standard”. Being a Gold Standard, a Fusion NFT contains the following on the blockchain – (1) a sale and purchase agreement reflecting the purchase, by the person who strikes the Fusion NFT™of the underlying asset at fair value with all rights and restrictions clearly detailed, (2) lease terms governing the rights of possession while the underlying asset remains with Coinllectibles™(3) a deed of transfer reflecting the transfer of ownership of the underlying asset (with all rights and restrictions) from the transferor to the holder of the Merger NFT™️, (4) a title deed written in the description of the NFT Fusion™ and (5) the unequivocal identification file of the underlying asset, the ownership of which is reflected in the title deed represented by the Fusion NFT™. In summary, a Fusion NFT™ is a digital title of ownership (DOT) for the physical collectible item it represents.
Spink is the world’s leading auctioneer of stamps, coins, banknotes, medals, bonds and stocks, autographs, wines and spirits, books and handbags and accessories. Since its founding in 1666, the name Spink has become synonymous with tradition, experience and integrity. Holder of royal warrants and numerous auction price records, Spink offers an unparalleled range of services to collectors around the world. Based at Londonwith offices at New York, hong kong, Singapore and Switzerland, Spink organizes more than 70 auctions a year. Catalogs can be accessed through Spink’s website (www.spink.com), the online auction platform Spink Live (www.live.spink.com) Where through the Spink app for mobile phones and tablets.
SOURCE Cosmos Group Holdings Inc.