vICOFund™ Private Offering Whitepaper
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.
The capital raised from the vICOFund™ presale and subsequent investment rounds will be used to buy into 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 fully fund the 40,000 ETH 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. The vICO Tokens which the distribution is based on will be held in your OpenLedger Exchange account.
In any event vICOFund™ will exit all positions and distribute profits no later than 3 years from the date of the close of investment tier 3 at the discretion of vICOFund™ managers.
The preliminary dates for the presale and subsequent mainsale tiers are as follows:
*dates are preliminary and subject to change
In today’s growing cryptocurrency sector, the opportunities for acquisition abound. The challenge for most who are interested is discerning which Initial Coin Offerings (ICO’s) offer the greatest potential while avoiding those that are either scams or simply do not appear to have the expertise necessary to invest.
Another challenge is the growing interest in ICO’s. It is becoming increasingly difficult for participants to partake of the more successful ones. In some cases, these have been known to run out of tokens in minutes, hours or days.
Many of the technologies we now take for granted were quiet revolutions in their time. Just think about how much smartphones have changed the way we live and work. It used to be that when people were out of the office, they were gone, because a telephone was tied to a place, not to a person. Now we have global nomads building new businesses straight from their phones. And to think: Smartphones have been around for merely a decade.
We’re now in the midst of another quiet revolution: blockchain. Blockchain is an algorithm and distributed data structure for managing electronic records instead of cash without a central administrator among people who know nothing about one another.
The evolution of Blockchain has touched every major market segment, and corporations worldwide are scrambling to take advantage of its security, privacy and efficiency.
The Growth of the Cryptocurrency Market
With the aggregate cryptocurrency market cap soaring above $500 billion, an above-1000% increase in 2017, parties that previously dismissed digital currencies as a niche market are starting to take notice. Governments and financial institutions, which were previously observers, are now taking a more active role in the development of blockchain and the trading of digital currencies.
We are in the evolutionary infancy of Blockchain, but some analysts and speculators are interpreting these developments as indicative that the landscape might in fact be evolving into a more stabilized market.
Initial Coin Offerings have now outpaced Venture Capital investments.
The Challenge Met
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 investors. To select the correct 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 are they 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?
vICOFund™ utilizes a strong research team proving an independent analysis of active and upcoming ICO’s.
Institutional-grade ICO research
Streamlined entry, exit and management
The vICO Token
The vICO Token is a utility used for the distribution of vICOFund™ profits and as described herein. The vICO Token itself is not an asset and has no liquidity value. An investor who buys into the vICOFund™ is awarded vICO Tokens in consideration of their level of contribution as follows:
Following the close of each round of investment the investor tokens are placed and held in their respective accounts on the OpenLedger trading platform. As vICOFund™ assets are liquidated (with a target of 20x), they will be distributed equally across all vICO Token holders as of the time of the distribution. Investors must have an active OpenLedger account at the time of vICOFund™ distribution in order to receive any profit.
*The vICO Token Bonus includes an additional 1.5% to return the admin fee collected as a part of the onboarding process. This fee generates the cashflow that covers our development and admin costs.
The OpenLedger Exchange
vICOFund™ utilizes the OpenLedger Exchange to distribute any vICOFund™ profits. 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, as indicated above. These vICO Tokens will be deposited into your OpenLedger Account and used as a utility in the distribution of any profits derived from the vICOFund™.
You can learn more about opening an OpenLedger Account here: https://www.youtube.com/watch?v=ttN0flPsnBc
Jay was formerly a Registered Investment Advisor (RIA) with the Securities Exchange Commission (SEC), and a Certified Financial Planner (CFP). He spent many years as a daytrader and in the development of computer-based trading systems. Jay began trading cryptocurrencies in early 2015.
Mira has over twenty-five years’ experience in worldwide computer software operations. She has a proven capability in creating and optimizing marketing strategies, the introduction of new products into the marketplace and the alignment of corporate resources to produce sustainable revenue streams. Mira has an MBA and graduated with honors from Northwestern, Executive Management Program.
Mira now uses her extensive experience to evaluate early stage companies entering the blockchain movement. She is keen to identify projects which have both short-term and long-term potential based on their organization, business model, go to market strategy and potential ability to execute.
The Leverage of vICOFund™
As noted, it can be a challenge to buy into ICO’s when there is so much interest and popularity. By combining funds into the vICOFund™ we are able to approach new projects requesting pre-ICO opportunities. This will often mean that the vICOFund™ will enjoy lower prices than what is offered in the crowdsale ICO. 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.
Buyers will be issued vICO tokens representing their contribution to the vICOFund™.
vICOFund™ management will identify upcoming ICO’s, investigate whether they will fit 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 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.
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.
Pricing and Financial Information
With an objective of returning 16 – 22x the vICOFund™ discloses certain operational fees.
*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 at the time of contribution 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.
In the event that it is decided for whatever reason that vICOFund™ will cease investing, the following events will take place.
- The management team will assess a strategy for exiting existing positions.
- Funds in the account that do not constitute ICO positions will be distributed to vICO holders (less transaction fees).
- As positions are closed, the funds received will be distributed the same as above.
Trading in currencies are speculative and may involve the loss of principal; therefore, funds placed under management should be risk capital funds, that if lost will not significantly affect one’s personal financial well being. They are intended for sophisticated investors and are not suitable for everyone. The vICOFund™ is a global fund and has not been registered or approved in any country.
This project carries significant risk. The vICOFund™ in particular is aggressive and speculative. The upside potential is enormous, but participants must recognize that vICO tokens carry no inherent value. By purchasing a vICO token you are agreeing that there is no guarantee that you will receive value in return. Due to regulatory concerns, we must prohibit United States citizens or residents from participating in the vICOFund™. Please make sure you are familiar with the vICOFund™ TERMS that can be found elsewhere on this website.