Frequently Asked Questions
What is vICOFund?
vICOFund™ is a Managed Fund specializing in the research and investment of Cryptocurrencies, Initial Coin Offerings and exchange listed altcoins.
vICOFund™ utilizes a methodology of buying Initial Coin Offerings (ICO’s) whose projects maximize Blockchain Technology and have the ability to disrupt their markets. Our aim is to give research-backed exposure to investors seeking participation in the ICO and cryptocurrency market.
What types of ICO’s will be included in the vICOFund?
The vICOfund™ will target small-cap startup ICO’s across multiple blockchain segments that are disrupting existing norms and anticipated to have a near-term (12-24 month) liquidity event. Our target is to diversify into as many as 80 crypto projects across all contribution rounds (20 projects per tier).
How many ICO Projects will vICOFund manage?
The capital raised from the vICOFund™ presale and subsequent investment rounds will be used to buy underlying Cryptocurrency ICO assets. The vICOFund™ will manage up to 20 Cryptocurrencies in each tier of funding based on the strength of the underlying projects (the ICO’s business model, strength of their management team and their ability to execute) at the sole discretion of the vICOFund™ managers. If we raise 40,000 ETH across all investment tiers, those investors who hold vICO Tokens will have a diversified portfolio of up to 80 ICO projects. Because of our investment leverage, vICOFund™ will seek to negotiate with the ICO’s management of each project in order to obtain preferential token pricing for fund investors.
What are the fees involved in vICOFund Participation?
The table below shows sample investments across the vICOFund™ presale and mainsale tiers to illustrate the bonus and fee structure depending on when an investor enters the vICOFund™. Check out the vICOFund Whitepaper for more detail and examples.
With an objective of returning 16 – 22x the vICOFund™ discloses certain operational fees.
*The OpenLedger transaction fee is for vICO Token creation and distribution of fund assets. This fee is partially waived for the presale.
*The vICO Admin fee is used to support the development and administration requirements of the vICO processes and KYC/AML onboarding. This admin fee is taken on the frontend but returned to you in the form of additional vICO Tokens that will benefit from any fund appreciation. The admin and development fee is not refundable.
What is the CITIZENSHIP/RESIDENCY Eligibility for vICOFund?
You are only allowed to contribute to vICOFund™ if you covenant, represent, and warrant that you are neither a citizen or permanent residence of, nor do you have a primary residence or domicile in:
- The United States of America, including Puerto Rico, the U.S. Virgin Islands, and any other possessions of the United States of America.
What are the contribution level details?
The minimum contribution is 25 Ethereum.
The maximum contribution is 4000 Ethereum.
Contributions of 500 ETH or greater (based on a $500 ETH price) are awarded an additional bonus of +20% during the Presale; +12% during the Main Sale (Tier 1); +7% during the Main Sale (Tier 2) and +5% during the Main Sale (Tier 3)
The hardcap in each the Presale and Mainsale Rounds is set at 10,000 ETH each for a total vICOFund goal of 40,000 ETH.
For any contributor who who exceeds the cutoff date/time for a contribution period, their contribution will be rolled into the the next tier.
When can I participate in the vICOFund?
The vICOFund™ is managed in four tiers (periods) of investment. These are tiers under ONE fund with the only difference being the level of bonuses awarded. Generally, if you contribute in an earlier tier, you will be awarded a greater number of vICO Tokens than someone who invests in a later round.
What ICO Projects will be included in the vICOFund?
Cryptocurrencies are not a fad but there will be winners and losers. Typical investors lack the expertise and/or the time to investigate and assess new startups thoroughly. One must understand the fundamentals of value creation through both technical and marketing strategy filters. Simply reading a Whitepaper is not enough.
vICOFund™ does the “heavy lifting” on behalf of its contributors. To select solid ICO investments we must deeply analyze:
The problem. What tough problem, market need, or customer solution are they addressing? Why is it important to solve this particular problem? For example, Uber’s problem would be: “Getting a cab or a car to take you from point A to point B is a real pain. There should be an app for that.”
The solution. Is their solution unique, how does it work, and how is it 10-times better than other solutions to the problem? Clearly define the concept and how they plan to demonstrate it, as well the products and services and how they plan to develop them. Does their solution require a unique ecosystem or is that already in place?
The market. Who will the customers be and how large is the market opportunity? Describe the total available market, the segment they plan to service, and a timeline that shows how they plan to enter and capture that market, over time.
The competition. What current or future solutions, technologies, or companies may compete with theirs in the market? How is theirs differentiated; what’s the unique value proposition relative to the competition; why will their solution win? What intellectual property or other barriers to entry will keep them ahead of the competition?
The team. Who is their management team, what is their background and why are they uniquely qualified to run this venture and deliver the solution to market? Are there any significant holes and how do they plan to fill them? How do they plan to scale to meet the goals of their business plan?
The business. What is their business plan? How much money will they raise? What is the size of their community of supporters? How have they valued their company? How easy is it to do business with them? Are there open lines of communications?
What is the vICOFund Strategy?
Buyers will be issued vICO tokens representing their contribution to the vICOFund™.
vICOFund™ management will identify upcoming ICO’s, investigate whether they will fit the vICOfund™ goals and then, if so, approach the ICO Team to begin negotiations. Depending on whether the ICO team is willing to offer pre-ICO opportunities, vICOFund™ management will assess how many tokens vICOFund™ should acquire.
The goal is to identify and secure positions in new solid companies that offer high market potential, on investor behalf. Once a position has been secured, whether it’s pre-ICO or during the ICO, the vICOFund™ positions will be listed on our website and available for fund participants to monitor vICOFund™ performance.
The capital raised from the vICOFund™ presale and subsequent investment rounds will be used to buy underlying Cryptocurrency ICO assets. The vICOFund™ will manage up to 20 Cryptocurrencies in each tier of funding based on the strength of the underlying projects (the ICO’s strength equates to their business model, the strength of their management team and their ability to bring their concept to market) at the sole discretion of the vICOFund™ managers. If we successfully raise $20M across all investment tiers, those investors who hold vICO Tokens will have a distributed portfolio of up to 80 ICO projects. Because of our investment leverage, vICOFund™ will seek to negotiate with the ICO’s management of each project in order to obtain preferential token pricing for fund investors.
The vICO Token itself is not an asset and has no liquidity value. The vICO Token is a utility which is used only for the distribution of profits as described herein.
Once a position in a managed project (ICO) reaches a suitable ROI (objective is 20x), and the project has been held for at least 1 year (long term holdings), profits will be distributed to the investors based on the number of vICO Tokens they hold at the time of the distribution event. (This distribution is facilitated through the OpenLedger Exchange.)
In any event vICOFund™ will exit all positions and distribute 100% of the profits no later than 3 years from the date of the close of investment tier 3 at the discretion of vICOFund™ managers.
What is vICOFund KYC/AML?
When you are ready to contribute select “Contribute Now -vICOFund” from any menu – https://rmac.fund/contribute-to-vicofund/
You will be asked to register. Please follow the instructions and fill out the form. Your information will be kept confidential and we will only use your email to communicate vICOFund information.
When you have completed filling out the form, click “Register.” You will be automatically logged-in and returned to a place where we will begin the KYC/AML process. Click on the Blue Button for vICOFund to continue.
You have now started the KYC process. Enter your Ethereum Deposit Address and enter the number of Ethereum you wish to contribute. You can use the slider or enter a number in the input box. Your contribution will display in both ETH and USD based on the current price of Ethereum. Please note that the ETH price may vary based on the current ETH price at the time of your deposit transaction.
There is a threshold for our KYC process. If you contribute 250 ETH or Less you will be required to validate your phone number via SMS messaging. You will be sent an SMS message that you must respond to. This will validate your country of residence.
If you are contributing Over 250 ETH you will be required to upload Passport or National ID documents as a proof of residence.
Once you select which ID to use, Passport or National ID, the upload panel will appear.
Once you have entered your information you are taken to a vICOFund™ Deposit page.
Please copy the Ethereum Deposit Address and deposit your contribution into the vICOFund™ using your wallet of choice.
We will review your KYC/AML documents and email you a request for additional information if necessary. If we are unable to whitelist you for participation in the vICOFund™ your contribution less the 1.5% processing fee (up to $500) will be returned to your wallet address. Once your vICO Tokens are issued to your OpenLedger Account, you will be notified by email.
Why is the vICOFund High Risk – High Reward?
As noted, it can be a challenge to buy ICO’s when there is so much interest and popularity. By using combined funds contributed to the vICOFund™ we are able to approach new projects and request pre-ICO opportunities. This will often mean that the vICOFund™ will enjoy lower prices than what is offered in the public sale. When such opportunities are not available, we will make a best effort to acquire tokens early in the more desirable ICO’s.
Altcoins as they are called (all cryptocurrencies except Bitcoin) have the capability of growing much faster that Bitcoin given current market conditions. Although Altcoins are very risky, they have the ability to generate returns on investment that are massive because of the velocity of money. For example, if we buy a token priced at 10-cents, to move 20X in price it has to move $2.00. When a coin is more established it may be a very high price. In such a case a move of $2.00 affects the ROI very little.
The chart of ICO’s represent the initial price of their tokens contrasted to the current price of the asset producing very high returns.
Given that there are hundreds of ICO’s to pick from, research and proper management is essential to identify those with the greatest potential. “(This is not a statement of expectation. Investing in ICO’s is risky.)”
Do I need an OpenLedger Account?
Yes. vICOFund™ utilizes the OpenLedger Exchange to distribute funds to its contributors.
We will ask you for your OpenLedger Account name during our KYC/AML process, so please have it available.
You can learn more about opening an OpenLedger Account here: https://www.youtube.com/watch?v=ttN0flPsnBc
What is OpenLedger and how is it used?
vICOFund™ utilizes the OpenLedger Exchange to distribute investor tokens. The investor should open an account at OpenLedger https://openledger.io/ and input the OpenLedger Account Name when requested by the vICOFund™ registration and KYC process.
The vICOFund™ will allocate certain bonuses based on when you entered the fund and the amount you entered with.