Jaime Staples
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August 14, 2017, 05:59:41 AM |
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Guys, what is a project Soft Cap?
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FundCoins (OP)
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August 14, 2017, 07:51:45 AM |
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Guys, what is a project Soft Cap?
The minimum amount to be raised for further investment activities and Lowestoft Fund operations is 10M Euros. If this amount is not achieved, the funds will be refunded back to the investors.
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FundCoins (OP)
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August 14, 2017, 08:47:53 AM |
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Is there a preliminary list of exchanges?
Not at the moment. But we will provide it as soon as posible.
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Jaime Staples
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August 14, 2017, 11:17:30 AM |
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Guys, what is a project Soft Cap?
The minimum amount to be raised for further investment activities and Lowestoft Fund operations is 10M Euros. If this amount is not achieved, the funds will be refunded back to the investors. Ok thx!
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FundCoins (OP)
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August 14, 2017, 01:18:32 PM |
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Is there a preliminary list of exchanges?
Not at the moment. But we will provide it as soon as posible. And to update you in this question - we are negotiating with several exchanges, and will inform everybody as soon as the have listing confirmations
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germsite
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August 14, 2017, 01:20:35 PM |
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Why would this coin be the first ever private equity coin? Can't almost any coin sold during an ICO be considered a private equity token?
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FundCoins (OP)
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August 14, 2017, 01:35:43 PM |
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Why would this coin be the first ever private equity coin? Can't almost any coin sold during an ICO be considered a private equity token?
Private equity here means that the funds raised during this ICO will be invested by an investment Fund - the Lowestoft Private Equity Fund - created by the experienced company www.finlescapitalmanagement.nlinto the real world operating companies and instrument - typical investment types include corporate lending, mezzanine finance (loans and equity), p2p lending platforms and other specialist instruments, e.g.: page 23 of the White Paper https://finles.capital/white-paper.pdf
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lolobubu
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August 14, 2017, 01:57:54 PM |
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"Safe harbour for capital growth and preservation in a highly volatile crypto market" Can anybody explain this to me? Why is this safe? Is this not affected by the volatility of cryptocurrency?
Since FND is not tied to either BTC or ETH, your investments will not be affected by other cryptocurrencies price fluctuations. Thus, it is safe for investors that can purchase tokens with their cryprocurrencies and thus hedge their investments and avoid high volatility of cryptocurrencies. In general, this is safe, because the dual strategy of combining early access to high growth companies with a diversified private equity portfolio run by professional managers offers a safer harbour for capital growth and preservation in a highly volatile market. Rather than invest in individual companies, which may or may not succeed, the fund invests in the industry as a whole, insulating investors from individual company price fluctuations. Essentially, it provides protection from the possible crypto market correction. Please also note that Finles Capital Management, the manager of the Lowestoft Private Equity Fund, is not a high-risk start-up as the overwhelming majority of similar projects. This makes absolutely no sense. You are trying to say that if the price of Bitcoin drops to $10, it will have NO effect on FND? This answer has just ruined this thread.
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FundCoins (OP)
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August 14, 2017, 02:18:14 PM |
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"Safe harbour for capital growth and preservation in a highly volatile crypto market" Can anybody explain this to me? Why is this safe? Is this not affected by the volatility of cryptocurrency?
Since FND is not tied to either BTC or ETH, your investments will not be affected by other cryptocurrencies price fluctuations. Thus, it is safe for investors that can purchase tokens with their cryprocurrencies and thus hedge their investments and avoid high volatility of cryptocurrencies. In general, this is safe, because the dual strategy of combining early access to high growth companies with a diversified private equity portfolio run by professional managers offers a safer harbour for capital growth and preservation in a highly volatile market. Rather than invest in individual companies, which may or may not succeed, the fund invests in the industry as a whole, insulating investors from individual company price fluctuations. Essentially, it provides protection from the possible crypto market correction. Please also note that Finles Capital Management, the manager of the Lowestoft Private Equity Fund, is not a high-risk start-up as the overwhelming majority of similar projects. This makes absolutely no sense. You are trying to say that if the price of Bitcoin drops to $10, it will have NO effect on FND? This answer has just ruined this thread. Bitcoin is the main cryptocurrency, and if it drops by 99+%, of course, it will influence the whole cryptocurrency and blockchain world. However, when FNDs are bought - either with a cryptocurrency, or with a fiat currency - they remain denominated in Euros, and the FND value will remain in Euros, thus allowing the investors to avoid the volatility of cryptocurrencies. Also, since 70% of the fund will be invested in more stable traditional alternative investment strategies –the private equity - the value of the FundCoin tokens is connected to the performance and the returns generated by the Lowestoft Private Equity Fund. Finles will invest up to 30% of the fund in other VC funds that support the blockchain sector, and 70% in traditional, alternative and Private Equity investments. The values of other cryptocurrencies, like Bitcoin or Ether, have no backing at all and are merely determined by the market itself. Thus much more risky and very sensitive for volatility, in contrast to FundCoin.
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Coins-Curious
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August 14, 2017, 02:34:45 PM |
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Hi there, any existing company behind the ICO?
Hi, of course. The ICO is organized by Finles Capital Management, a fully regulated asset manager with a 40-years history and responsible for management of over €500M on average - https://www.finlescapitalmanagement.nl. So you don't need to worry about the credibility of the company ot the ICO Will it invest directly? or through exchanges?
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FundCoins (OP)
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August 14, 2017, 02:57:40 PM |
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Hi there, any existing company behind the ICO?
Hi, of course. The ICO is organized by Finles Capital Management, a fully regulated asset manager with a 40-years history and responsible for management of over €500M on average - https://www.finlescapitalmanagement.nl. So you don't need to worry about the credibility of the company ot the ICO Will it invest directly? or through exchanges? Funds during the ICO will be raised through Finles in Singapore, which will then invest in the Finles Lowestoft Equities Fund.
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Coins-Curious
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August 14, 2017, 03:47:17 PM |
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Hi there, any existing company behind the ICO?
Hi, of course. The ICO is organized by Finles Capital Management, a fully regulated asset manager with a 40-years history and responsible for management of over €500M on average - https://www.finlescapitalmanagement.nl. So you don't need to worry about the credibility of the company ot the ICO Will it invest directly? or through exchanges? Funds during the ICO will be raised through Finles in Singapore, which will then invest in the Finles Lowestoft Equities Fund. Why is Finles launching this fund now, at this time?
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FundCoins (OP)
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August 14, 2017, 04:02:14 PM |
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Hi there, any existing company behind the ICO?
Hi, of course. The ICO is organized by Finles Capital Management, a fully regulated asset manager with a 40-years history and responsible for management of over €500M on average - https://www.finlescapitalmanagement.nl. So you don't need to worry about the credibility of the company ot the ICO Will it invest directly? or through exchanges? Funds during the ICO will be raised through Finles in Singapore, which will then invest in the Finles Lowestoft Equities Fund. Why is Finles launching this fund now, at this time? Finles believes that the nascent blockchain/cryptocurrency sector is at the right stage in its development for sustained expansion and growth. The sector has received USD$1.7bn in VC investment over the last two years, and today the crypto market is estimated to be worth USD$120bn. The blockchain industry itself is set to grow 58% CAGR by 2023 according to Allied Market Research. The launch of this fund is an opportunity for investors to access this market in a way that reduces the risks typically associated with the blockchain/cryptocurrency sector.
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Coins-Curious
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August 14, 2017, 06:24:57 PM |
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That's great, thanks What is the lifetime of the fund? When can investors expect to receive a return on their investment?
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FundCoins (OP)
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August 14, 2017, 06:37:35 PM |
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That's great, thanks What is the lifetime of the fund? When can investors expect to receive a return on their investment?
The fund has an infinite lifespan with PE investments having an average time to exit of approximately five years. Finles targets an Internal Rate of Return (IRR) of 25 per cent per annum calculated over a 5 years period, driven by the high growth of the blockchain sector. The Fund can do intermediaite distributions from the performace and the yields it receives.
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FundCoins (OP)
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August 15, 2017, 01:48:29 AM |
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(IRR) of 25 per cent
Is it guaranteed? This is the figure we call, based on experience.
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FundCoins (OP)
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August 15, 2017, 04:33:40 AM |
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How is profit distributed between investors? What is the proportion?
All investors receive the same percentage of profits. The nominal difference depends on the number of fundcoins bought and sold.
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Jaime Staples
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Activity: 53
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August 15, 2017, 08:44:34 AM |
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Hi guys, Pre-sale will start today?
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FundCoins (OP)
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August 15, 2017, 09:33:32 AM |
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Hi guys, Pre-sale will start today?
Hi Jaime! Yes, it will start today, but a bit later. We will make an announcement here.
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