Alphabet Coin Fund. What can we say, except they forgot to make an ANN thread so ...
Why did they forget?
The maker of the coin appears to be an unknown person who generated a shitload of coins and then said they were worth $70 million. Then he gave some money to CCEX to help him pump this noncoin. Thanks CCEX. Helping scammers is what you do.
All that is known about them is from their website
http://alphabetcoinfund.com/Objective
AlphabetCoinFund (crypto-symbol:FUN) seeks a high level of total increase in Net Asset Value (NAV) by investing primarily in a diversified global portfolio of crypto coins and securities.
Highlights
World's first closed-end fund to specialize in crypto-currencies.
World's first crypto-currency fund to trade as crypto-shares. (symbol:FUN)
Value-oriented investment strategy from experienced crypto-portfolio experts, that opportunistically seek to identify undervalued coins and securities across the globe.
Regular managed growth fueled by debt free fund total increases.
Global diversification offers an expanded opportunity set and enhanced total increase potential with low overhead operating as the world's first traded Decentralized Anonymous Corporation (DAC) registered in the Decentralized Anonymous State (DASGOV.io).
Investment Strategy
The fund invests at least 80% in crypto coins and securities of which less than 20% will be of traditional non-crypto companies.
The fund may also opportunistically acquire crypto currencies, shares and traditional securities through exchanges of FUN (its pre-mined crypto shares that act as treasury stock). The fund does not use leverage, is debt free and provides complete public transparency of all assets and liabilities.
Available monetary supply
18,908,561.11
Market value
$4.030000
Net Asset Value
$77,108,191.07
The coins are all mined already, so kind of saves miners work. Some energy efficiency there.
Want to buy some? Just stop by
Scam Central.
