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Author Topic: SPTK - Revolutionary new cryptocurrency backed by index funds  (Read 521 times)
hsauers (OP)
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October 25, 2017, 01:56:00 PM
 #1

Our site: http://sptoken.wordpress.com, top-level .io coming soon.

What is S&P Token?
The S&P Token is the first of its kind - a cryptocurrency backed 1:1 by U.S. securities. By tokenizing index funds, we allow crypto-investors and traders to have better market exposure, offering scalability, diversity, and intrinsic value of an investment, without the difficulties that come with traditional brokerage.

Why should I join?
The S&P Token holds real-world value as each token in circulation is backed by one share of the S&P 500 Index. This allows cryptocurrency investors to gain exposure to the broader and more stable U.S. market without needing to go through an investment firm, as well as allowing for greater scalability.

How does it work?
Based upon the Waves network and sold peer-to-peer, on exchanges, or through our website S&P Token opens up whole new worlds of possibilities in cryptocurrency.
Tokens can be redeemed by us at any point for 95% of the current value of the index, or sold to another investor on the Waves DEX.
Each time a new token is issued, we buy one share of the Vanguard S&P 500 index fund. This means that every token is backed by real-world assets, and offers stability, anonymity, convenience, and scalability to our users.

Read our whitepaper:
https://drive.google.com/file/d/0B8Uea9vRbSh-MW43XzV4bFU1ZEE/view

I'd love to hear any thoughts or feedback on the token from you - feel free to comment or shoot me a PM!
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Colorblind
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October 25, 2017, 02:02:46 PM
 #2

If you are talking about backing things with real life assets you are probably already have some assets. Could you please provide more info about your company?
Rengganis
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October 25, 2017, 04:38:53 PM
 #3

this is a very simple thread, I really want to know who is behind this project, it will make this project more trusted and can attract many investors
Richardnoordsche
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October 25, 2017, 05:26:05 PM
 #4

I think thead is very little about the project and the concept that is being done, I just hope it will survive in the future, with the many emerging competition
Colorblind
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October 26, 2017, 07:12:28 AM
 #5

Sure -- I have some entrepreneurial experience, and currently we're operating as an LLC for tax and regulatory purposes. I do invest in U.S. and some foreign securities, which is what inspired me to create this project. Tokenizing traditional investments could prove to be a very lucrative field in the near future, and the company will be registered in Florida initially thanks to business-friendly policies there. Does this help?

"Some" experience won't cut it. What EXACT experience do you have? If you are lust opening LLC this indicates you don't really have ANY of the experience mentioned.

You are trying to gather my (and other community members) money here and you don't even have the essentials. So answering your question - Yes. This does help.
Scor Pio
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October 27, 2017, 02:11:45 AM
 #6

The S&P Tether is a revolutionary new cryptocurrency that is backed 1:1 by shares of the S&P 500 index.
backed on index funds ? so you will use the funds from ICO to buy index or you already have it ?
t3hpwnographer
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October 27, 2017, 02:27:02 AM
 #7

Reading through your whitepaper, it's pretty unnerving to see that getting a legal team to "protect ourselves and our customers" is a future goal and not something already in place. It sounds to me like you're just assuming this will be legal based on a technicality. This is the kind of project that should have all kinds of information readily available, yet there is very little provided as of now... Getting real sketchy vibe overall.
RareFortune
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October 27, 2017, 03:47:51 AM
 #8

Is this an pre-announcement? because you have mention your mission/goal but still lack of some information about the project and your website is still on progress, anyway I will follow the thread for some updates.
luguang
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October 27, 2017, 03:56:30 PM
 #9

Quote
we allow crypto-investors and traders to have better market exposure, offering scalability, diversity, and intrinsic value of an investment, without the difficulties that come with traditional brokerage.

how to do this? i thank these are problems that each corporation has to face.

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