Bitcoin Forum

ICO Details

Round: Seed
2nd phase start time: June 16th, 2016, 00:00 (UTC)
2nd phase deadline: July 1st, 2016, 00:00 (UTC)

Platform: Colu (https://www.colu.co)
Asset name: Bitkapital Exchange Equity
Asset ID: La7qXm8gpF3HyXiKB21pyZX1RzsgujHdSMUTUb (http://coloredcoins.org/explorer/asset/La7qXm8gpF3HyXiKB21pyZX1RzsgujHdSMUTUb/4136d8c026ce0a3db32daf130bbe24635dc61571556a09427ae28691afa95488/0)

Number of tokens offered: 210
Offering price: 150 USD

Each token warrants 0.1% share from the capital stock of Bitkapital Exchange Free-Port Ltd., in accordance with the fundraising agreement. Note that this fundraising is only for Bitkapital Exchange, and not for the fund company.

Accepted payment methods: Bitcoin, bank wire in USD, EUR or TRY (fees payable by you)

Contact: info@bitkapital.com +905531853073


Miscellaneous

Tokens are not divisible. Upon registering for funding, you will be sent an e-mail containing the payment instructions, upon the completion of which the fundraising agreement signed by our managing director will be sent to the same e-mail address together with his ID scan.




https://bitkapital.com/files/20001.jpg        https://bitkapital.com/files/20002.jpg

In the third page will be the scan of our managing director's national ID.

Interesting project, especially being on the waves platform, good luck.

Hope to see more  info in the near future!

Sounds interesting but, I read your info and I am not sure I get it.
Let me know where I am wrong or misinterpreted.

I give you 1 BTC & get shares. I do this because your professional traders
hope to get 7.5% return per Quarter (or better).

Only 40% of shares will be sold, so shareholders will get 40% of  profits.
Each 1 BTC invested will generate 1.54 BTC at the 7.5%/Q example.
The shareholder portion would be 40% of 1.54 BTC = .61 BTC over 18 mo.
or a return of 41% annually.  It may take 2 years because it will take a while
sell enough shares ($500,000).

You expect 150% return on investment in 2 years for the seed round investors.
You would have to greatly exceed 7 1/2% per Q to meet the goal of 150%
return for the investor. At your 7 1/2% projection, I would only need to make a
1% per month return to do better than your group. Of course, you may lose (our) money.
Many professional traders chalk up (occasional?) loses.

More info please

Dear all,

Thank you for your attention. If you would like to get more information about the project, we have a 23-page long whitepaper reachable here: https://bitkapital.com/funding.html

On the other hand, if you would like to learn about how the funding will be carried out, we will post updates very soon.


@Woody20285,

We regret causing such a tangle. Let me clarify a few points regarding your confusion. Bitkapital will have two different aspects; one is the investment fund, and the other one is the Turkish lira gateway for the Waves platform.

We are not collecting funds for the investment fund yet, for which we expect 7.5% quarterly return on investment on the investor's part. 40% of the Bitkapital Exchange (the Turkish lira gateway) is offered in order to set up the entire business and get licensed, which the ICO will be for.


Best,

Jian

Do you have plans to giveaway bounties like twitter/signature campaign as well?
I'm by the way available to translate into Filipino for your Filipino investors and to spread the word about your ICO, this will help you reach the audience who don't come out of the local section of our forum. :)

@enhu,

We do have plans on such campaigns. Have no doubt that you will be informed should we decide on the Filipino translation. Thank you for your interest.

Best,

Jian

If you have bounties on translation I can do the spanish translation.Good luck with your project!! ;)

Thank you for the link to the white paper.
I will read it as I am interested in the project but,
did not understand how the an investor would benefit
from the original link. Thank you for the additional information.

OK - Read the 23 page paper (actually 24 pages) which does not say much more than
       is here. I do like that your 2nd investment fund (page 14) is named "SCAM".
       Pretty funny and an odd choice.

Thanks for the link - I'm out

So many ico's now not even sure what is legit anymore  :'(

Not interested. Good Luck

Really nice project,good luck.

Hey, So what exactly would you be investing in?   Ico's, current coins, or the real world stock market?

I see you have 3months of "past" experience, which included ~4.5k or 10btc. I understand you made a profit,  but in all honesty, 10btc is a small amount, and what is there to guarunteee those figures are correct? for instance, maybe you started with 20btc a year ago, lost most of it but in the past few month have recouped some losses? I wish you provided more than just 3months worth of data, and that it was trading with a supstantial amount to be relevent.

In case you didnt know. The last 6months has had an influx of nearly 4billion $$ into the crypto sphere. Which says that most decent crypto traders experienced a nice profit in that time. I cant really say your near 100% gain during this time is anything impressive, its just more of a lucky dice toss. In fact, if your profit came from investing in eth, 100% is actually quite pathetic.

Im kinda just rambling, but i was dissapointed to see only 10btc being traded. With an investment like this, i would have expected atleast 50k $, more so in the 100k-200k range, just to show that you can handle large amounts of btc succefully and pull out a profit. I personally cant accept your confidence with such a small amount invested.

Dont get me wrong, I think its a good idea, but if you have more trading experience please show it.

@Mr.Ease,

Thank you for your keen interest in Bitkapital. In the trading track record section of our webpage (https://bitkapital.com/track.html), you will see all the trades made from the account by looking at the broker statements. Mainly, the traded instruments are NASDAQ large-cap stocks and major currency pairs. Our state of the art portfolio management strategy draws on many paradigms including value investing and quality investing, as well as naked technical analysis tools, and combines them with the risk management tactics with the help of a modified version of the post-modern portfolio theory, all combined together in a solid portfolio management strategy by my years of study. The strategy finds a risk/reward equilibrium point between a well-justified long/short equity strategy and a somewhat traditional relative-value arbitrage method. According to my calculations, the strategy should work for a capital of up to $100M. However, I want to stress this major point again: 123.6% quarterly ROI is way above our expectations. We aim at reaching a quarterly 10% gross profit. The fact that the last three months have proven to be so profitable should be considered as an extraordinary luck by all means.

As for the timespan, I have multiple accounts for different strategies, and I only have 3 months of record for this strategy sterilized from the others. We hope to have at least 6 months of work before we are operative.

Best,

Jian

Dear all,

The provisional version of the fundraising agreement has been added to the OP. You have 15 days to review it. Feedbacks appreciated.

Best,

Jian

Interst some to Ico of course if it is not scam.

OK - So your 3 page document only displays pages 1 of 3 and 2 of 3.
       Is there a page 3? For the kind of money you want people to trust
       you with, you should at least proof read the legal documents.

I only trust myself to piss away my BTC on the markets.............. ;D

@Woody20285,

In the third page will be the scan of my national ID, as stated in the document.

Best,

Jian

PS. Also added this detail to the OP. Thank you for mentioning.

ICO in the thread topic, not really a smart move prepare yourself for 10 pages of scam spam

@kahir,

I am not sure if I understand your point. Would you please elaborate? Thank you in advance.

Best,

Jian

very interesting. will invest some.

Any update on the project?

@Sam123,

We will announce the crew soon. Apart from that, the plan is ready, detailed operational workflow is ready, we're ready to get funded and get to the business. Now I'm working on the plans for 1 year ahead, also our attorney is preparing the documents for the fund to meet the KYC/AML rules and at the same time operate on blockchain, which is being a little bit harder and slower than I thought. And we need the Waves platform to release the client to translate it.

Best,

Jian

Thanks for the update. Good luck

Are you going to have an escrow? if yes who will it be please
Thanks

@Sam123,

Escrow doesn't really effective for our crowdsale, so we won't use. Escrows guarantee that you will get your tokens, but the real trust issue here is not about that you will get the tokens, but that the tokens will really represent the shares in the business. So, I mean, I can create a custom token and send it to you to get your money without a hassle to get over what the escrow is supposed to guarantee. Therefore, we thought that what this crowdsale actually needs is the Fundraising Agreement, with my signature and photo ID scan, warranting both parties' rights and responsibilities.

On the other hand, if anyone comes up with a reasonable argument for how the escrow could improve your rights regarding this crowdsale, we can immediately seek for an escrow.

Best,

Jian

Thanks for clarify. One more week  :)

Dropped the payment options PayPal and debit/credit card.

The first phase of our ICO will be live in 1-15 June.

The investors may easily participate in the crowdsale by proceeding to the following link.

https://bitkapital.com/ico.html

Looks crap.

@WarofCoins,

Thank you for your valuable comment.

Best,

Jian

Is it still cryptocurrency? No, it's just buying (high risk, unregulated) shares in crypto exchange - correct me if I'm wrong pleeeease...
We will register Bitkapital Exchange in the Turkish Republic of Northern Cyprus, where cryptocurrencies are not regulated, allowing us to pursue our operations through the use of a crypto-platform.

On the other hand, ICOs seem to be turning into regular IPOs with the only difference being "no regulations by any authority".

@tomkat,

We do not claim these shares to be a cryptocurrency. The "ICO" we use stands for Initial Crowd Offering, as is used by many in the crowdfunding arena. So yes, this is a high-risk investment, and it is obviously so, as with the all investments you may find in the cryptocurrency ecosystem.

As for Northern Cyprus, we will be a company and to be sure, companies are regulated. It is just there is no specific legislation concerning the use of crypto-securities. Thus, before the law, it does not matter whether you use paper warrants or digital warrants in the form of a crypto-asset.

Best,

Jian

Well, companies are regulated indeed, however, IPOs and generally capital asset markets are even more regulated in most of the countries. There're tons of procedures you need to follow in order to be allowed for collecting money from investors.

What you're trying to do is to not proceed with accordance to all those regulations, and get the same result which is getting capital from the market for quasi-shares that you call "crypto-securities". You can obviously try to do it, no problem for me. Just let's make things clear for everyone - especially for all those kids looking for quick profits :-)

@tomkat,

Yes, this is not an IPO proper and just a personal fundraising with future-dated warrants. In other words, an ICO. As everyone knows, a non-existent company cannot do an IPO of the regulated kind you mentioned. However, we are trying to pursue the fundraising as much legislation-compliant as possible; this is why we have the Fundraising Agreement. So we are not trying to overcome the regulations; just to the contrary, we are trying to render ourselves liable as much as the law permits.

And yes, no quick profits with us. Should be written in capitals. NO QUICK PROFITS WITH US! PLEASE DO NOT INVEST IN OUR PROJECT IF YOU THINK THIS IS A GET-RICH-QUICK INVESTMENT.

Best,

Jian

"Personal Fundraising" sounds like quick profits for the developer!

@Woody20285,

No, it doesn't. And there is no developer here.

Best,

Jian

this is a scam project be careful . i know this person from turkish community . as my opinion not honest . his project is about just a dream nothing real .

i am sane more than you  mister zuhtu :)

his real name is zuhtu soysal . he dont use his real name here .

keep away your money and btc from him .

Please give me REAL names and identities of the people behind this project. When you're going to manage my money, i'd actually like to know who you are...

To me this project is just a simple wordpress website with some Google Forms on it...

@Geenstijl,

My legal name is present on the website, and also a picture of mine. It is on the main page at https://bitkapital.com. Moreover, after the funding, I am sending a signed copy of the Fundraising Agreement with my national ID attached.

I would also like to note that this ICO is not for managing your money, but for raising funds to launch a business to act as a Turkish lira gateway on the Waves platform.

Best,

Jian

@kriptopara What makes you think this project is not legit ? It looks to me JianJolly is trying to build something interesting and he seems pretty transparent.

I haven't verified the details of the documentation he provides but I am sure this can easily be done.

Have you?
This should be even easier for you as you reside in the same country as him.

@kriptopara You definitely sound racist and an ultimate troll, seriously get a life and let serious people work

Besides I know him from the Waves project and he is certainly not a scammer.

Thanks for your quick answer Jian. People who distrust Cyprus Companies and British Virgin Island registered Hedgefunds are no racists. These kind of business structures have proven to be scams many many many times. Not just in Crypto. Maybe you should settle in some country where the legal system is actually a guarantee that it's trustworthy.

Good luck with the project.

@Geenstijl,

Unfortunately, structuring the same business in Turkey would be way more costly than in Northern Cyprus. So, with knowing the negative reputation, we have chosen to start the company in Northern Cyprus with the plans including acquiring a money-transfer license in Turkey as well.

As for British Virgin Islands, it is the second largest jurisdiction for hedge funds, and the regulations are quite strict, indeed. Considering the fact that even the largest hedge funds such as Berkshire Hathaway are located in such offshore jurisdictions such as Cayman Islands, Belize, BVI etc., I don't think it has any negative indication concerning the reputability of the investment fund.

Best,

Jian

I can confirm JollyTrades' national id documents are legit. I've met him in person.
Don't mind the kriptopara nicknamed *unknown* troll.

Ps: I didn't invest any money on this project.

they are lying . their mind is not freedom . they like army control every time . and who damages turkey and world .

because of these reasons they must out of bitcoin and crypto money related projects . because bitcoin is freedom . crypto money is power and freedom of humanity .

in turkish forum also they are working together and delete my posts and they want me dont voice about realities .

even we have here a media company cointurk , they made a news about waves iou sales on yobit . as waves price rised 80x times and used same project ( bitkapital ) in same news . whats connection ? why you didnt tell that this can be a scam be careful ? they hide it and maybe many investors invested wrongly to this crap iou sales .

after that userscomplaint against this scandal , they added awarning . but at the beginning it is known already .

i offer you dont trust turkish community . hard to find serious people there . nearly  all scams and troll .

i think who post here positive are from turkey and their friends . they are still trying manipulate even foreign english forum and users

peteyceymaney , cakir all from turkey and other one , who poested before  .dont get them seriouslly

zuhtu you are liar and you hide realities behind your project .

many people did before : karpeles from mtgox and damaged many people .
cryptsy , paycoin-paybase -wawminers josh garza ,

last gatecoin , and other before .

so nobody cant invest you in this conditios .maybe you think your project is decentralized but you are centralised . people:'s invests will manage by a centralised person . if you die what will happen to project ? the invested money ?

in this conditions better list your project in DAO platform . but you have to put 10000 usd for 50000 $ for listing your project . if you collect enough votes you can get 50000 $ if you cant you loose 10 000 $ or you take 10 000 $and you go out .

if you trust your project do that . or invest by yourself . take credit from banks . 50000 $ is not too much but its very risky for people invest this scam project .

if you continue this behaviour i will sue you at judge . be careful . you are passing red borders .

he is liar . all information and his project is not true . scam . be careful . he is a fascist person as turkish people in histoıry . all goverments accepts and apporved this like last german goverment . french usa russia .

he will use this capital and funds probably for his fascist operations for financing  . i have this result after i manage his all posted messages at turkish forum . he think that i am a christian person and he attacks me .

please complaint about him to admin and have to block and ban him .

Hey JianJolly,

Wouldn't it be a better choice to do your ICO after WAVES platform is launched? That way you can have your own custom tokens there too and you would probably have better access to what WAVES is doing as well no?

Kinda hard for people to buy into the ICO without knowing how the platform you are setting up Turkish Lira is going to perform etc.

I'm all for the WAVES platform but i feel your ICO might be a little pre-mature.

All the best though!

wihelmer you are right . because its so amateur project . not trustable .

now now don't put words in my mouth. I didn't say it was an amateur project. geez. quit trolling already : p

Well - last post here for me. I, for one, do not like the
fundraising agreement. I wish you the best and hope you succeed.
 

anyway its my opinion . so amateur project .

good decision :)

as i told you a turkish bitcoin media site ( cointurk ) supports this project , and posted yobit waves iou sale taht waves price 80x risen .
it was a scandal . dont miss this point again . but as media they must tell to people it seems scam . after they edited about it , but probably many people invested at waves by yobit at high price . 

There had been a 15-day period for everyone to see and propose changes in the agreement. Sorry that you missed it.

So after having a long talk with the team and investing for one share my understanding is that they (we) are building the first independent company to act as a gateway fiat gateway to waves, starting in turkey, a place that has a bad financial system, this is an entry way into waves, which also features btc, essentially becoming a gateway for the layman into crypto.

Once this first gateway is operational they will try to reach other countries including the US.

Then using waves and Bitkapital I will promote the worlds debt solvency organization, the first ever, and once all the debt is resolved we can redistribute the wealth causing crypto to become so much more valuable then fiat, ushering a paradigm shift from old fin-tech to new. This is my personal project, purely charity, not looking for return.

I think BitKapital can do alot of big things.

looks like a good plan.
i would love to be take part of he ico once it starts. i have been with waves since the start too and i guess waves' train is no stopping now even when all the troubles during its release.

The ICO is already active: https://bitkapital.com/ico.html

The project  don't any innovate

not sure for investing a lot BTC there :-[

Really nice project.

Can I sell you my WAVES directly for 42k sats instead?  ;D ;D ;D