@Gekko463

We appreciate your feedback and will try to respond to some of your concerns. Please note that the original post is simply a summary of the project, full details will be available in the "whitelist" and will soon be available.

We will address the following points you raised: What the coin does, regulations with fiat currency integration and how we get paid.

1) Paramount ICO will sell a fixed supply of coins in return for funds. Funding raised will be redistributed amongst cryptocurrencies and other upcoming ICOs. The coin essentially represents a framework that provides liquidity in a somewhat shady and illiquid market - ICOs. Since ICOs alone come with a great amount of risk, funds are further divided into Bitcoin, Ether and equity investments. If the value of the funds rises there will be a direct correlation to the value of the coin.

2) Regulations: You raised a good point in regards to regulations and even mentioned "unsophisticated" investors, we prefer to call them "retail" investors. Regulations for a good reason are present when investing into any "real" funds. Paramount ICO Capital LLC has a separate fund - Paramount Capital LLC - that has already been investing into equities and FX for the past twelve or so months. Since Paramount Capital LLC is a margin fund, we are required by the Provincial government of Canada to ensure all of our investors are "accredited". This case is different since there is no actual transfer of funds from the cold wallet to fiat cash. This would cause many issues apart from regulatory restrictions.

3) We get returns only if the value of the coin increases. Since only a fixed supply of these coins will be distributed, Paramount ICO Capital LLC will retain a percentage of the coins. All the funding raised and subsequent gains received will be reinvested into the fund.

Regards,
Anton

@collac The idea is similar but execution and results may differ. In essence, both TaaS and Paramount ICO Capital LLC are closed-end funds which attract capital during the ICO stage and invest it back into the cryptocurrency market. The value for the shareholder comes from fund's performs, which is being directly reflected in the value of the coin. The difference is in execution, first we try to truly diversify by synchronizing the crypto market with fiat currency, therefore limiting the risk. In other words, we don't simply try to make the highest return possible but rather take into account the amount of risk each investment produces, try to limit the risk and then find good opportunities that can provide our token holders a good return on their investment. We also believe in full reinvestment of profits to have the cumulative effect of gains that are reinvested. The goal here is to provide return on investment to our shareholders through the increase in value of the coin rather than redistribution of profits. Think of Paramount ICO Capital LLC as investing into a stock that does not pay any dividends but has a potential to increase in value above the market.

In addition, we started Paramount ICO Capital LLC to invest a great portion of the funds in upcoming ICOs. This allows for an opportunity to earn returns above what equities may provide and creates a framework for new projects to get the funding they need. Overall, liquidity in the market benefits everyone.

Regards,
Paramveer
Co-Founder and Co-Manager for Paramount ICO Capital LLC
https://www.paramountico.com/

@ccoinca

Fair point and it is true that there are plenty of options to diversify, just as there are many mutual funds, stocks and even bonds (STNs, GICs, etc.) to choose from in the "real" world. However, our two most important goals are: #1 Gain individual's trust to receive funding and #2 Ensure security of the funds received, should goal #1 be attained. If we reach our goal and attain the funding we hope for, diversification would become our priority along with obtaining returns. Diversification alone into different categories of cryptocurrencies is not enough, should it be Bitcoin vs. Ether vs. Litecoin vs. ICO - all of these are essentially the same in a sense that they are not backed by anything tangible (or of value) but instead supply/demand, which makes it risky and extremely volatile. Security concerns when it comes to hacking are of another great concern for us. Therefore, by removing some of the funds out of the crypto market and placing them into a fiat based system - under Paramount Capital LLC - we are able to diversify not only the performance of the fund but also spread the risk across multiple markets.

Please note that the TAA of the fund might change prior to the actual ICO (we are still discussing the best weight for each market).

We hope that answers your question.

Warm Regards,
Anton
Co-Founder and Co-Manager of Paramount ICO Capital LLC

 @nadine99 Appreciate it.

Hey fellow members,

We would like to announce a project we are currently undergoing and wish to get to get some feedback in return. Please feel free to ask questions, the more the better.

It is best to visit our new website which describes what we do in more detail:  www.paramountico.com

Essentially what we are trying to do is create a "Hedge Fund" in the cryptocurrency space. My partner and I have a vast amount of experience investing money in the equities and FX markets (I work for Royal Bank of Canada and my partner works for a Private Company called Just Energy). Our jobs entail investing a large sum of money which includes pension money from Manulife. Cryptocurrencies are something new to us but we are excited to get our toes wet, for the lack of a better word. Since ICOs and cryptocurrencies in general are only now being introduced to the mainstream, it comes with its own challenges, especially concerning security, liquidity, manipulation and transparency. It is also difficult for an average joe to perform research on companies that offer ICOs. Given our experience investing into equities and FX, we believe we have the right tools to perform proper research to increase our chances in finding ICOs that have true potential for growth.

We are planning on opening a hedge fund, Paramount ICO Capital LLC, which is structured as per below. The fund will be an ICOs within itself, we are planning on issuing 100,000 coins in the first round (still in the process of figuring out the details) and using those funds to invest.

ICOs - 45%
Cryptocurrencies (Bitcoin and Ether) - 25%
Equities - 30%

1. ICOs - The nature of the fund is to search through various ICO offerings and find the ones with growth potential that will provide solid returns.

2. Cryptocurrencies - Given our experience within the FX market, we believe we can use Bitcoins and Ether investments for short-term trading and hedging purposes.

3. Equities - Equities are generally uncorrelated to the performance of cryptocurrencies and ICOs. Having 30% of the funds invested in equities will stabilize volatility, essentially providing a hedging mechanism, while also providing returns.

The above is a short description of what we are trying to do. Please ask any questions, post any comments or concerns you may have and we will do our best to answer all.

Thank you,
Anton & Paramveer
Co-Founders and Fund Managers at Paramount ICO Capital LLC