Good news, ANGL token is listed with Etherdelta. The tokens are locked but when they are released you will be able to trade them there:
https://etherdelta.com/#ANGL-ETH We now have our first exchange where people can begin trading (if they wish to) immediately after the ICO is over!
We hope to have another exchange listing as well in early January, but
https://etherdelta.com/ is a great start!
1) Is this token basically a fee to join your club? And if it is, is there any interest to keep high the value of token?
I mean, fees are appealing when they are low, not high, and this could be a huge problem for the future appreciation of the token.
No.
It is nothing like paying for a "club membership".When you pay for a club membership fee the money goes to club owners. When you invest in the Angel Token ICO we do not take those funds for ourselves. Your investment does not go to us, (not even 8%, but in case someone is confused about that please ask!), it goes into the Angel Token portfolio to be used for investments.
You can think of Angel Token more as an aggressive and high-risk hedge fund, but with one major difference.
We do not act like most funds do, as passive investors. Rather we act more like a "
crypto incubator".
We are "angel investors", (hence the name Angel Token), in small to medium-cap altcoins.However, what you are thinking of is indeed one of the core benefits of being an Angel Token investor, assuming you hold more than 10,000 tokens in your wallet.
You become a member of the
Angel Token Private Investment Community, which is where we discuss research and potential investments with all of our stakeholders.
Being part of the Angel Token Private Investment Community is a benefit because it allows you to have an active role and even potentially influence the investment decisions that Angel Token makes. We welcome all members of the Private Investment Community to bring forward any investment proposals that they have, and share their research with all of us. We can then openly discuss this research, as well as the investment research brought forward by our own research team, and then we can vote as a community on the most interesting investment opportunities.
Despite that we are only few days into this ICO we have already had two investment proposal from Angel Token investors of projects/altcoins they think we should consider. One of them we consider very serious and interesting. The other one we haven't yet has a chance to look at closely. We will present these opportunities, as well as our own investment research and suggestions to the community after the ICO is over.
In short. When you pay a fee to join a club, the club keeps your money. When you invest in the Angel Token ICO your money goes into an investment fund that makes altcoin investments that benefits ALL Angel Token holders.I suggest that you read the white paper and the previous discussions on this thread to understand better what we do.
2) As you are distributing dividends, can angel token be considered as a security? Big exchanges are not prone to list new tokens if there is that risk.
Considered a security by whom?
There are several countries governments that have made statements to the effect that they may consider some or all tokens as securities, among them United States. We do not allow investors from the United States or these other countries who have made similar statements to take part in the Angel Token ICO, and we specifically block them from even entering the investment part of our website.Now if you are concerned about us not being listed on certain exchanges for this reason that is a different issue and one we will tackle in due course. However, in principal you are correct that some exchanges may not allow Angel Token to be traded on their exchange for this reason or any other, if they choose not to.
We believe exchanges are moving towards decentralization, but either way, we do not believe Angel Token investors will have any problems finding exchanges to trade their tokens should they wish to come January. In fact, we are already listed on EtherDelta as mentioned above, so you can trade there from Day 1 after the ICO.
3) Is there any maximum investment for each investor? Some whales could buy a lot of the tokens with this huge discount and control the token price.
Yes indeed they can.
Whales may buy a lot of the tokens because of the big bonuses we offer to early investors, and we hope they do.
It is important to remember that there is only 1 million tokens for sale at each bonus level, and we have already passed several of them. We are now at 464% rather than 690% bonus, still very generous, but the longer the whales wait the less their advantage will be...
4) You declare "members agree not to buy large stakes in investments that we are collectively
considering before such an investment has been made, nor reveal such ‘insider
information’ to any other 3rd party. ".
An agreement based on what? Is it just " I promise..."? Of course everyone will try to buy secretly as soon as possible. Insider trading does still exist in the regulated fields, think about the unregulated ones.
This agreement is going to fail and one of the main purpose of the project is at risk.
I think the idea is simply great but these are my main concerns.
We believe that you are wrong, for several reasons, but even if turns out that you are correct, Angel Token will not fail because of it... 1. Everyone who is a member inside the Angel Token Private Investment Community owns a MINIMUM of 10,000 Angel Tokens. This means that they have already made a reasonably significant investment in Angel Token and it is therefore naturally in their interest that Angel Token succeeds.
That is the main reason for the 10,000 minimum in order to be a member of the private community. That we want everyone's goals to be aligned.
2. One major point you need to understand is that since Angel Token is acting as angel investors we are generally going to acquire our stake in the altcoins we invest in off the exchange market. We will be negotiating directly with the founders, early miners and other large stakeholders in those altcoin communities that we are looking to help and invest in.You are right that there will likely be speculation and the market will move to some extent in those coins we are negotiating with, and those coins will also go up substantially once we have made a deal with the large stakeholders of that coin. However, this is in everyone's interest, that the price and market cap of those coins we invest in will rise. It benefits all Angel Token holders as the value of the portfolio increases.
There is no question that those who are on the inside of the Angel Token Private Investment Community will have an "unfair advantage" and will be able to buy into coins that we KNOW are going to rise, (because of the many improvements we are going to make to them, and the enhanced marketing efforts and so on), before the rest of the world does, but as long as this is not abused by members we don't think this will cause any significant problems, at least not over the long-term.
3. Members of the
Angel Token Private Investment Community will have to agree to the terms and conditions of our community before being allowed in.
Those terms and conditions include that they agree to abide by all laws in their jurisdiction as it pertains to insider trading. If they choose to break those laws to make profitable trades with the information they have gained inside the community, then they may be held accountable in their country if anyone finds out who they are. However, since cryptocurrencies and tokens are still largely unregulated in most parts of the world it is up to each member to research what laws apply to them in regards to this.
Being a member of the Angel Token Private Investment Community is not an absolute right, simply because you hold the minimum number of Angel Tokens. If we identify members who are abusing the information they have in a way that it hurts the rest of the community they will simply be blocked from the community.
The same goes for disruptive or abusive members, they will be kicked out. David, our Community Investment Manager will be in charge of the community and make sure that people follow and agree to the rules we have, as far as is possible.
4. From our point of view we would obviously be concerned if members abuse their insider information in such a substantial way that it drives the prices so high that it jeopardizes the negotiations we are having with the large stakeholders of that coin, or makes it significantly more expensive for us to acquire the position we want. However, it is important to once again remember here that ALL members have a joint goal in seeing Angel Token investments succeed, because everyone is a token holder with a minimum of 10,000 Angel Tokens.
There are several countermeasures we can take if this would becomes a problem,
including simply not revealing our final investments until the negotiations are over and we have secured our position. In this scenario we can likely still conduct most of the research openly, as long as there are several potential coins up for consideration (which is exactly how we see it happening) and then we simply hold back revealing the final choice that we made until the investment has been secured.
5. In those cases where we may need to acquire Angel Token's stake in a coin on the open market we may need to be more careful in exactly how open we are, even inside the private community, but we will review this on a case-by-case basis.
I am not sure I have relieved your concerns, but I have tried to answer your questions as best I can.
This ICO is NOT for everyone. It is high risk and we understand that the anonymity of the team (and investors!) is a concern for some people. However, it is how we have chosen to do this ICO, because we think it is the better way for everyone involved, but if you think it is not for you that is 100% ok! No hard feelings, we promise! 
