Hi Everyone,
I am a former Goldman Sachs Partner that worked with Fixed Income, Currency and Commodity (FICC) derivatives structuring division. I am pleased to announce the launch of the first
“Anti-Bubble” Derivative for Bitcoin.
Given the recent hype on Cryptocurrency and Initial Coin Offerings (ICOs), Bitcoin and Ethereum have shown returns in the thousands for its investors.
After examining Bitcoin prices from an economic theory perspective, I am presenting an “Anti-Crash” SafeToken based on the theory from a number of the well-known publications on financial market bubble:
- Scheinkman, Jose A. and Xiong, Wei, “Overconfidence and Speculative Bubbles (February 2, 2003)”.
- Barlevy, Gadi, “Economic Theory and Asset Bubbles”. Economic Perspectives, Vol. 31, No. 3, 2007.
- Dhar, Ravi and Goetzmann, William N., “Bubble Investors: What Were They Thinking?” (August 17, 2006).
“The SAFE” has been created as an anti-crash safe mechanism.
The price will be based on a square root of Bitcoin’s mining difficulty. The concept will demonstrate the true beauty of math and SAFE token will be more stable than Bitcoin with smoother returns. Whitepaper is available at
www.SafeToken.ioInvestors will be able to buy and sell Tokens over-the-counter (OTC), and will be able to convert the Tokens to tangible U.S. dollars after satisfying the “know-your-customer” (KYC) compliance measures.
The initial coin offering (I.C.O.) of the SAFE will be made on July 25, 2017, and end two weeks later (August 8, 2017). The amount of tokens will be limited to 1 million tokens, which is close to $25M (USD) in notional as this is the calculated healthy level for the structure.
Details are available at
www.SafeToken.ioBounty program: 1% of ether after the ICO will be reserved for first 4 translators (0.25% each) (Please add your ETH wallet after translation or in private messages) + 1% of ether after the ICO will be reserved for first 4 information distributers who spread information and provide links. (0.25% each) (Please send your links and ETH wallet in private messages)