We are starting a legally registered fund which invests in cryptocurrency related projects. The fund registration has been started in an offshore jurisdiction, it will have an investment license and will serve as an umbrella fund for a number of projects traded at NXT AE.
We have already had several successful crowdfunding campaigns, including Coinomat.com and MMNXT crypto trading fund crowdfundings.
The fund launch is planned for March, 2015.The fund structure
The fund will exist as an asset on NXT Asset exchange. It will hold and invest in other assets on NXT AE. The fund will pay dividends in its sub-fund assets only, there won't be payments in NXT or Bitcoin in the form of dividends. The profit obtained from the assets, held by the fund, will be used to boost the market value of the fund.
Subfunds
The exact subfund structure at the fund launch is being worked on now; please see the list of the projects to be launched in the upcoming months below.
Also we will be accepting new projects before launch. If you want your project to become a part of Cryptoasset fund we're always open to discussion.
Fund operation
There will be new sub-fund issues so the fund will attract additional funds in future. Fund operators renumeration will be based on NAV fund growth. Periodically dividend paymens in the form of sub-fund assets will be made, the exact share of the assets paid as dividend and held by the fund will be decided on for each subfund separately in order to maximize the fund net asset value.
Legality.
It will be possible to be included in the shareholder registry officially. Shareholders will have to provide their personal information for that. Fund audit by a third-party is also considered to be implemented.
We're building up our portfolio now, the official launch of the first fund project is scheduled for March. The shares of the fund itself will be offered a little later, most probably in April.
We plan to launch approximately one project per month. We concentrate on businesses which use existing Bitcoin, NXT and other crypto infrastructure, I think it's important to use to a full extent the possibilities which crypto already offers, along with developing new cutting edge tech. We will launch such projects too but the emphasis is on giving existing business models a new spin using cryptocurrencies.
Currently in the pipe-line:- Crypto-messanger Morze.us with integrated lite crypto client and fiat transfer.
- Social network with integrated cryptocurrency-based remittance services. Imagine a hawala system (google it) based on crypto.
- Debt platform based on NXT. It will allow to issue and trade debt obligations, backed by crypto or other assets.
- Index fund based on top performing crypto, will trade at NXT AE.
- forkpay.net - merchant plug-ins for cryptopayments, Coinomat integrated
Several other projects are being negotiated about. The above mentioned projects all have active developers and are either in Beta or close to launch.
Always ready to discuss your ideas about the projects we could do together. Legal structure will be quite flexible, we're striving to make a compliant fund in most jurisdictions.
