Who ever invested in this, burn your money instead.
I just add you to my ignore list, there is no need to start spreading FUD about a project, if you don't have any proof against them, I have seen some people trying to attack a project because of the person's background and origin. There is time for you to repent
Did you even read the posts on previous pages?
Did you read questions about ICO and
the way Funshi people answer them?
Did you even read the "whitepaper"?
Whitepaper - suppose to be a technical documentation
of the project, whitepaper of funshi is talking about ICO distribution, how the market is growing, with screenshots of
Coinmarketcap.com (Do you even understand how it is calculated and how it is being manipulated? Take a research if you don't, that should be fun). really? They don't even pulled bulk data by their own, there is NO research of the current market situations, literally nothing. Indeed they are talking about distribution of their ICO and facebook bounty compaings (IN THE WHITEPAPER CARL!).
Just take a look at Bitcoin, Etherium and every other legit project's whitepaper.
I do not attack any person, Im trying to figure out what the project is about. Never touched any private or personal information about the founders of the Finshi.
They are talking that they fit all legal conditions for the US citizens and give a link to the SEC regulations. (can be found here -
https://www.sec.gov/investor/alerts/ib_hedgefunds.pdf and here -
https://www.investor.gov/system/files/news/documents/english/ib_accreditedinvestors.pdf), and if you will take a closer look:
The hedge fund’s offering
documents and agreements contain important
information about investing in the fund, including
the investment strategies of the fund, whether the
fund is based in the United States or abroad, the risks
of the investment, fees earned by the hedge fund
manager, expenses charged to the hedge fund and the
hedge fund manager’s potential conflicts of interest.
Does the Finshi capital have ANY of that in their whitepaper or website, forum information ? Answer - yes, but
ONLY 1 thing:
Risks
There is no guarantee that the invested funds will be safe or will lead to
profits.
All of your investments might be lost!
The investments are not insured and there are no private or
government insurance representative that the investors can address.
There is no guarantee of the token’s liquidity in the future. There is a
risk that the tokens won’t be in demand.
There is a risk of all the fund’s assets theft by fraudsters or hackers.
There is a risk of appearance of regulatory or legal restrictions, which
can complicate the fund’s work or stop it altogether.
There is a risk of a fail investment, which the fund might proclaim
unprofitable and write off as a loss.
There are technical risks (e.g. connected to Ethereum) that might cause
the fund to be unable to make a transaction of the profits.
There is a risk of cryptocurrency, fiat currency or investment
devaluation.
There is a corporate risk of losing control over shares of the portfolio
startup.
All legal conditions and agreements, including those for the US citizens
can be found here. All investors must read carefully and accept these
conditions and all the risks!
No Investment strategies, nothing about fees earned by the hedge fund manager, nothing about expenses charged to the hedge fund and nothing about the hedge fund manager’s potential conflicts of interest.
Or this is investment strategy?
The Fund's investment strategy
Around 60% of the raised funds will be spent on short-term investments in
carefully selected projects that are planning to launch their own ICOs. Up to
30% will go to long-term investments and no more than 10% will be left for
classic venture investments. Such portfolio allocation assures balance
between the risks of short-term and long-term investments. The strategy
might be changed by the management whenever there is a need to do so.
And thats it. This IS NOT the strategy. If you dont know how the legit strategy looks like, ask google.
One more:
Why FinShi Capital
FinShi Capital is the first blockchain venture fund formed entirely of
cryptocurrency. There are some venture funds on the market who invest in
Blockchain startups, but they use classic venture scheme and do not allow
partners invest small sums of money. Thanks to the smart contracts
technology, we can invite unlimited number of unprofessional investors to
invest together with us. So firstly, you should choose us because we make it
possible for you to become an investor of a professional venture fund with
the minimal investment of just $1.
And by the SEC regulations you HAVE to be an accredited investor.
An accredited investor, in the context of a natural person,
includes anyone who:
- earned income that exceeded $200,000 (or $300,000
together with a spouse) in each of the prior two years,
and reasonably expects the same for the
current year, OR
- has a net worth over $1 million, either alone or
together with a spouse (excluding the value of the
person’s primary residence).
So they are talking shit telling you they fit the SEC regulations. They don't.
17 mil raised, lol.
That is exactly the way scammers are working on. If you don't see it, thats not my problems, Im just trying to help kids not to get rekt. Unfortunately, you ignored me, so you won't see this message.
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