RE:RE:my other spec investmentniceone teleM, lol.
bog, it is run by ex-goldman guy with one of the creators of the WTI spot benchmark. Some of the backers include Ivanhoe's Robert Friedland, China-hater Kyle Bass, Luke Gromen, and a couple of others I forget.
They are opening a new exchange in Singapore, and want a wti-like spot price for LNG (would be worth a lot) and contracts with physical delivery. The exchange software incorporates Web3 stuff like smart contracts and digital identities, as well as the ability to track carbon and other ESG items to specific cargoes. Singaporean Monetary Authority has OK'ed the exch and clearinghouse, but they need the have the FCMs locked down before announcing a date. They want to add other commodities in addition to LNG, but LNG is the focus RN.
In all seriousness, their next update is aug 15, anyone interested in high risk should tune in and see if they have an announcement for a date. I wouldnt invest before then unless you are ok with 50% drawdown on bad news. It is on the Neo exchange in canada, and otcqx in US. Pre-revenue full-stack tech company, so buyer beware,