Paramount ICO Capital LLC Hedge Fund

[paramount_capital]

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

[ccoinca]

why would you put equities in a crypto fund? do they put crypto in equity funds? no.

seems like if you had more confidence in makes returns in crypto you would have no need for equities. if people want diversification there are plenty of options for that.

[paramount_capital]

 @nadine99 Appreciate it.

[paramount_capital]

@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

[collac]

is this proyect like TaaS ?

[ccoinca]

I think the mod should move this to the securities section

[paramount_capital]

@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/

[ankit10]

Reserving HINDI translation 

[Gekko463]

Hmmm....

You better hire a securities lawyer.

Your coin doesn't seem to "do" anything.

If the coin only represents a "share" of your hedge fund...you are selling unregistered securities to unqualified investors all over the world.

https://en.m.wikipedia.org/wiki/SEC_v._W._J._Howey_Co.

That's the US.  But every country has a similar law.

Financial regulators will pull you limb by limb and jail your separate body parts all over the world.

You will note, ETH "does" something.  As do Waves, Golum, etc...  those coins are defined as commodities, in the sense of fuel used to reward the people who keep the network running or in the case of Golem, provide CPU time.  You are simply doing an end run around the securities registration process:  so much for "transparency".

You don't mention how you will be paid.  You don't mention if your coin is minable.  POW or POS?

You are opportunistic carpetbaggers from the fiat world diving into something about which you've not a clue.  Your plan is to sell cryptos and buy fiat based securities?  You keep using the word "investors".  Every time you have used that word on the internet to describe your plan is an additional nail in your coffin at your securities fraud trial.

You can not sell unregulated securities to unsophisticated investors.  ICOs are commodities.  Your coin is quite blatantly an unregulated security, that you plan to sell to teenagers and idiots.

https://www.linkedin.com/pulse/why-your-initial-coin-offering-probably-regulated-law-wan-cipp-us?trk=v-feed&lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_recent_activity_details_all%3BCgMJWFRk7cLx50eSH8ocog%3D%3D

''Tis truly amateur hour.  You didn't even mention having a developer, much less a team of them creating something exciting.  Because you are just Wall Street boiler room guys trading in your telephone for a keyboard.

You are coming at this with breathtaking naivety, and your greed is showing.

[paramount_capital]

@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

[ccoinca]

@Gekko486 is right on a lot of points.

any instrument that promises a share in profits is a security.

[ccoinca]

Hmmm....

You better hire a securities lawyer.

Your coin doesn't seem to "do" anything.

If the coin only represents a "share" of your hedge fund...you are selling unregistered securities to unqualified investors all over the world.

https://en.m.wikipedia.org/wiki/SEC_v._W._J._Howey_Co.

That's the US.  But every country has a similar law.

Financial regulators will pull you limb by limb and jail your separate body parts all over the world.

You will note, ETH "does" something.  As do Waves, Golum, etc...  those coins are defined as commodities, in the sense of fuel used to reward the people who keep the network running or in the case of Golem, provide CPU time.  You are simply doing an end run around the securities registration process:  so much for "transparency".

You don't mention how you will be paid.  You don't mention if your coin is minable.  POW or POS?

You are opportunistic carpetbaggers from the fiat world diving into something about which you've not a clue.  Your plan is to sell cryptos and buy fiat based securities?  You keep using the word "investors".  Every time you have used that word on the internet to describe your plan is an additional nail in your coffin at your securities fraud trial.

You can not sell unregulated securities to unsophisticated investors.  ICOs are commodities.  Your coin is quite blatantly an unregulated security, that you plan to sell to teenagers and idiots.

https://www.linkedin.com/pulse/why-your-initial-coin-offering-probably-regulated-law-wan-cipp-us?trk=v-feed&lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_recent_activity_details_all%3BCgMJWFRk7cLx50eSH8ocog%3D%3D

''Tis truly amateur hour.  You didn't even mention having a developer, much less a team of them creating something exciting.  Because you are just Wall Street boiler room guys trading in your telephone for a keyboard.

You are coming at this with breathtaking naivety, and your greed is showing.

i think he just crushed your "fund"

[Gekko463]

Anton,

Clearly, you have not retained legal advice.  Very clearly, you have not read US v. Howey.  Transparently, you have no clue what "does something" means when discussing a crypto token.  Still no dev on board?

You guys are just piker scammers.

You have not shed light upon your financial operating plan or provided an operational use of proceeds document.

I would like to see any licences from Canadian Securities Regulators that you and your Pal have.  Would also like to see your complete trailing 10-year trading records.  Or were you still popping your zits hoping Cindy would go to the Jr high dance with you 10 years ago?


By mistaking the term "unsophisticated investor" for "retail" investor shows me that you have never passed a securities exam in your life.  Many retail investors can be sophisticated by virtue of wealth and income.  

You are piker scammers and and your appearance on these boards and Reddit are symptoms of the mass stupidity that has overtaken the crypto markets since the rise of ETH.

Why are you avoiding registering your security?  Because you know dumbass "retail investors" will just hand you all the ETH without doing any due diligence, you can give them the finger, and not do anything.  You can just take it all and walk away.

And you should.  Bless your balls and fuck anyone stupid enough to fall for this.

Cheers,

Gekko

(PS:  I have notified the US SEC to make a special point of watching you, because you are going to take American's money, and invest in equities, without doing KYC or AML.  Don't drop the soap.)

[ccoinca]

anyone who out asking for investors without knowing basic securities laws is a SERIOUS RED FLAG.

securities are regulated by the provinces in Canada NOT the Gov. of Canada.

EDIT: OP "Provincial Government of Canada"

[Gekko463]

anyone who out asking for investors without knowing basic securities laws is a SERIOUS RED FLAG.

securities are regulated by the provinces in Canada NOT the Gov. of Canada.

EDIT: OP "Provincial Government of Canada"

These guys are ass hats.

The most clueless announcement in Bitcointalk history.

They just basically announced an entire list of crimes they are planning to commit, while simultaneously pointing out how they have no idea of what they are talking about, and have not sought any professional legal advice, or even have a computer literate guy on board much less a well known respected dev.

They are not even pretending that this is about technology.

It is just an online securities scam, and they are going to skirt the provincial regulatory bodies who would stop them if they were just using telephones to fleece the stupid.  Which Province are they from?

They need to be reported to their local regulatory authorities and the compliance officer at their place of employment before they launch this scam.

[Gekko463]

@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

1.  "The coin essentially represents a framework that provides liquidity".

So it is a derivative security representing the value of the underlying basket of securities which will include margined equities normally reserved only for accredited investors..  Your token needs to be registered, or only sold to accredited investors by prospectus.  There is not a single godamned technical innovation implied.  It is a poker chip.  A magic poker chip that you seem to believe absolves you of following securities regulations everywhere in the world?  Talk to a fucking lawyer you dolts.

2.  "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.".

So you are going to buy equities, without using any of the money you raise?  All just an accounting trick, using your margin account (and increasing the risk profile for the clients who have already invested in your 1 year old fund?). You will be "co-mingling" the newer lower risk money by increasing your margin exposure on your current client's holdings?  You are dangerous twisted fucks who need to be stripped of any licences you may hold.  If this is not the case, please explain how you buy equities without dumping ETH and going through fiat?  Explain like I am stupid.

3.  "Since only a fixed supply of these coins will be distributed, Paramount ICO Capital LLC will retain a percentage of the coins."

Firstly, if you are "retaining a percentage of the coins", you profit immediately.  You are done.  You can go buy your Lambos and start piling the coke on the hookers asses immediately.  Quit your faggy dick sucking kiss ass assistant to somebody actually important jobs and take a world tour on your ill gotten yacht!  You made it!  You are douchbag zillionaire!

That is called a "pre-mine scam". And you actually said it.  Crime.

Lying piece of shit stealing scum.  Further...

Hmm...so what you are saying here is, you will take dollar bills, stick 20 cents in your pocket for doing fuck all, and "invest" 80 cents for the idiot who buys your "ICO" for $1?  All because you have a one year track record of trading that nobody has seen in a multi year bull market that has been up over 20% in the last year?  These kids have never traded a bear, and want to get paid like Gordon Fucking Gekko six month's after graduating with bachelor's degrees from a school nobody has ever heard of before investing dime (8 cents!) one.

Well we know your names, where you work.  It's late here, but I am going to do my best to report all this tomorrow to your employers and your Provincial regulatory body.  You evil stupid fucks need to be stopped before you steal.  You need to be unemployed, and unemployable in the securities industry in the future.  You need to be flipping burgers for a living.

[CoinTek]

thanks Gekko463 for bringing up the background of Anton, i see a lot of red flags which is why I was going to ask how Paramount was going to hedge a security with no options to protect the volatility of these coins.  Equities won't do anything as a hedge especially if they go down 50% if penny stocks, etc.

[Gekko463]

Here is another interesting due diligence discovery.  If you search this website:

 http://www.osc.gov.on.ca/en/search.htm?gquery=Gladkikh

You should be able to put Anton Gladkikh's name in there and see if he is licenced to sell or deal in or manage securities in Ontario.

Comes up blank.

I tried putting in the "securities licence number" he lists on his Linked in page.  919163

That comes up blank too.

These guys are truly Bevis and Butthead in a garage looking to steal your money and play with it.

They are kids.  They have no securities licences.  No professional certifications.  No experience beyond playing game simulators in a no name college.  They lie profusely on their website about who and what they are.

The token is nothing but a poker chip.  There is no technical innovation.  They are not even using an ETH contract for their ICO.  Just giving you an "easy address to send your ETH to".  They name no Dev on the team.  Because there is nothing to develop.

This is blatantly a scam by two not very smart, not honest at all college kids who studied business rather than STEM.

They are two children with no actual verifiable credentials or accomplishments who want to sell unregistered securities to unqualified, non accredited investors while they are not even licenced to legitimately sell legitimate securities themselves.  They are truly "Just some guy's selling ng some bullshit they pulled out of their asses and have no intention to follow any laws".

The very act of advertising this scheme here, on Reddit and on their website is a sanctionable crime that should preclude either of them from any involvement with the securities industry ever.

If Anton even remotely understood how to research an investment, he would have KNOWN that a grown up, experienced professional (like yours truly) would perform rudimentary due diligence on him and Butthead and expose the fact that they are nobodies who have done nothing ever.

Anyone planning to invest here should just set their money on fire.  Even easier than sending ETH to Beavis and Butthead.

[Gekko463]

Now, just waiting for Beavis and Butthead to come up with their excuses.

But, there is no excuse for blatant dishonesty.

I have been and will be following up on informing the authorities and their employers of this attempted ruse.

You cunts suck.

Get a clue before you waste your life on crime.

Consider your asses bitten.  You need new professions.

This scam attempt is on the internets forever.

Next stop for you two:  handjobs in the Toronto bus station mens' room for crack.


And...the website is gone.

Along with any of their hopes and dreams of working in the licenced financial markets in the future.

Have contacted both employers and the Ontario regulatory authorities with screenshots of the grandiose claims they made.

Have set Google alerts for both names to make sure they never try this crap again.  I will be watching.  I have nothing but honestly made money and the free time that affords.

I fucking hate bad actors in my markets.

Enjoy those bus station dicks boys.  Flipping burgers will be the dream where I am sending you.

Your plan was to ruin countless lives with your newbie piker trading.  My mission is to crap all over your dreams.