This is one of the first parts they are releasing for members. I think this is before the applications come out but will also be something that will help raise revenue, even if it is only 2% (Share purchase fee). There will be more to come.
GBBG Introduces the Bitcoin FundCreated with you in mind, we are incorporating the GBBG Bitcoin Fund where you can intelligently and safely pool your bitcoins with thousands of other members. Leverage yourself strategically and ride the bitcoin wave today! On April 1st, 2013, GBBG will open the trading floor to buy and sell GBBG Bitcoin Fund shares. Right now as a GBBG member you have the exclusive opportunity to snatch up shares at the introductory price of 0.25 bitcoins for each share.
Fund Objectives
Arbitrage (Buying/Selling bitcoins)
Capital Placements (bitcoin Startups)
Options (Bitcoin Options)
Revenue Participation (Revenue Share Arrangements)
Bitcoin Value InflationParticipant Opportunities
Trade Shares (Buy/Sell Fund Shares)
Long-term Growth (Hold Shares for Long-term Growth)
Reinvestment Pool (Reinvest Other GBBG Earnings)
Anonymity (Anonymous Participation)
Liquidity (Cash Out Quickly)Fund BasicsThe GBBG Bitcoin Fund is a pooled collection of bitcoins contributed by all participants and deployed in mass for the goal of growth and return. The fund managers will methodically seek out opportunities through a) Arbitrage – the buying and selling of bitcoins; b) BTC Capital Placements – placing bitcoins into startups that are rooted in the bitcoin economy; c) Options – bitcoin related option markets; e) Revenue Participation – entering bitcoin revenue sharing agreements with businesses profiting through the bitcoin economy. The fund seeks to invest solely in the form of bitcoins and produce returns solely in the form of bitcoins.
Participants will purchase shares using bitcoins and receive bitcoins when selling shares. The fund will strategically place bitcoins into carefully selected opportunities that are designed to produce positive results.
The value of fund shares may rise or fall, depending upon several factors which include, but are not limited to
a) the bitcoin market;
b) the success or failure of opportunities taken;
c) the success or failure of bitcoin startups;
d) the success or failure of bitcoin revenue sharing ventures;
e) the success or failure of Bitcoin as a digital currency.
The fund managers will make every reasonable attempt to place bitcoins into solid, dependable opportunities that have been thoroughly investigated, vetted, and assessed. The primary philosophy will center around arbitrage and revenue share potentials and risk analysis.
Get In Ahead of the WaveGBBG Members may pre-purchase shares at the introductory offer price of 0.25 BTC (bitcoins) through April 1st, 2013. If you would like to participate in the fund, send a request to
gbbg.fund@gmail.com with your GBBG Member ID number in the subject line and ‘fund participation request‘ in the body of the email. Further instructions await you.
NOTE: This fund is open to members of any status (Applicant, Reserve, Founder).