Bitdollar Fund (BTD) ICO Review
Bitdollar Fund is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.
|Ico Time||Unknown – Unknown|
|Token Name||Bitdollar Fund|
|Price||1 BTD Token = 1 USD|
More about Bitdollar Fund (BTD) ICO:
Bitdollar Fund is a tokenized fund that offers the best blue chip cryptocurrencies within one token, and also has cryptocurrencies backed by physical assets (such as gold) to provide uncorrelated returns and reduce volatility. The Fund is managed by an incentivized worldwide investment club through investor elections where more experienced members get paid for their ideas by providing content while less experienced members, and the broader investment community, can learn and benefit. Within the incentivized network investment platform, the best cryptocurrency investment ideas will rise to the top, so that the entire investment community will be well informed to make sound investment decisions during elections, in order for strong returns to be achieved.
Bitdollar Fund is the world’s first collectively managed fund. The investment focus of the fund is on blue-chip cryptocurrencies with a long-term investment horizon. Bitdollar Fund is tokenized (Bitdollar, or BTD) for ease of access compared to traditional fund models, and is also decentralized in that the cryptocurrency components of the fund and the percentage allocations to each will be determined by the registered holders of Bitdollar (BTD) through annual elections. The concept can also be thought of as the first worldwide cryptocurrency investment club with perfect voting rights. The primary goal of the fund is to maximize returns among blue-chip cryptocurrencies by using fundamental analysis in its investment decisions, and it is the collective knowledge of the investors of the fund that will drive returns and value in the future.
Bitdollar Fund represents a new fund model, Incentivized Network Asset Management, where investors are incentivized with a secondary token to make contributions to the community for its collective betterment. Registered investors that lock their primary tokens, Bitdollar, can make community contributions such as creating content, rating content, referring investors, and voting in order to earn the secondary token of Bitdollar Fund, Crypto Pro or CPRO. Since the community contributions necessary to earn CPRO directly impact the fees generated by the fund, registered investors can also lock their earned CPRO to stake part of fund’s monthly management fees and annual performance fees, which will be paid in Ether. The primary benefits of Incentivized Network Asset Management that directly impact returns are more diverse perspectives, lower bias, and lower fees compared to traditional asset management. Additionally, its incentivized community contribution structure ensures that the best fundamental investment ideas rise to the top so that sound allocation decisions can be made during elections.
Furthermore, Bitdollar Fund is a smart early ICO investment for those that are more risk-averse. Since this ICO has underlying cryptocurrency assets involved (unlike the vast majority of ICOs out there), it is ideal for someone wanting to get in early on an innovative cryptocurrency fund concept, while taking substantially less risk compared to traditional ICOs without underlying assets involved.
PLEASE READ THIS SECTION CAREFULLY. YOU SHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX, AND OTHER PROFESSIONAL ADVISOR(S) BEFORE TAKING ANY ACTION IN CONNECTION WITH THIS WHITE PAPER.This White Paper is intended to present relevant information to potential purchasers (the “Purchasers” and each a “Purchaser”) in connection with the proposed offering (the “Token Launch”) by Bitdollar Fund, an exempted company incorporated with limited liability in the Cayman Islands, (the “Company”) of cryptographic ERC20 standard tokens with thesymbol ‘BTD’ (the “Tokens”), including information about the smart contract connected to the Tokens (the “BTD Smart Contract”) and the investment fund platform operated by the Company in connection with the Tokens (the “BTD Platform”). The information contained in this White Paper is not intended to be exhaustive and the statements included in this White Paper are not intended to be relied upon or create or form part of a contractual relationship (unless the context otherwise requires). Nothing in thisWhite Paper shall be deemed to constitute a prospectus of any sort, a solicitation for investment or investment advice nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities, debentures or collective investment schemesin any jurisdiction. This White Paper is not composed in accordance with, and is not subject to, laws or regulations of any jurisdiction which are designed to protect investors. To the maximum amount permitted by applicable law, each of the Company,Bitdollar Capital, and all of the directors at either entity(collectively, the “Associated Parties” and each an “Associated Party”) expressly disclaim and shall not be liable for any and all responsibility for any direct or any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with (i) the Purchaser’s acceptance of or reliance onany information contained in this White Paper, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom. All statements, estimates and financial information contained in this White Paper, made in any press releases or in any place accessible by the public and oral statements that may be made by the Company or any Associated Party that are not statements of historical fact, constitute “forward-looking statements”. Nothing contained in this White Paper is or may be relied upon as a promise, representation or undertaking as to the future performance or policies of the Company.Further, the Company disclaims any responsibility to update any of those forward-looking statements or publicly announce any revisions tothose forward-looking statements to reflect future developments, events or circumstances, even if new information becomes available or other events occur in the future.
The acquisition of Tokens involves a high degree of risk. Before acquiring Tokens, it is recommended that each Purchaser conduct its own careful examination of all relevant information and risks about the Company, the BTD Platformand Tokens and, specifically, the disclosures and risk factors set out below. If any ofthe following risks actually occurs, the Company, the BTD Platform, the Tokens and the Purchaser’s Tokens may be materially and adversely affected, including the Purchaser’s Tokens being rendered worthless or unusable.The acquisition of Tokens from the Company does not present an exchange of cryptocurrencies for any form of shares or equity interests in the Company, and a holder of any Tokens, issued by the Company is not entitled to any guaranteed form of dividend or other revenue right. Holders of Tokens are only entitled to the use of the BTD Platformand certain other rights within the BTD Platformin accordance with the terms set out herein.The Tokens are available to Purchasers in exchange for certain other cryptographic tokens (subject to the Company’s anti-money laundering (“AML”) and “know your customer” (“KYC”) procedures being satisfied (including as to source of funds)) and the Company does in no way provide exchange of the Tokens for fiat currency. The Company also does not provide custodialor wallet services for the Tokens.Any person or entity, including anyone acting on its behalf, being based, being a citizen or resident, domiciled, located or incorporated where applicable laws prohibit or restrict distribution or dissemination of the Company’s materials, acquiring Tokens or accessing the BTD Platformincluding, but not limited to, the United States of America and any of its lands, the Cayman Islands, New Zealand, Canada, People’s Republic of China, Singapore and Republic of Korea shall not use the BTD Platform or acquire Tokens, otherwise this person assumes all the responsibility arising from the continued use of the BTD Platformand /or Tokens.All statements, estimates and financial information contained in this White Paper, made in any press releases or in any place accessible by the public and oral statements that may be made by the Company or any associated party that are not statements of historical fact, constitute “forward-looking statements”. Nothing contained in this White Paper or such other statements is or may be relied upon as a promise, representation or undertaking as to the future performance or policies of the Company.Further, the Company disclaims any responsibility to update any of those forward-looking statements or publicly announce any revisions to those forward-looking statements to reflect future developments, events or circumstances, even if new information becomes available or other events occur in the future. The Tokens may be placed on third-party exchanges, giving future Purchasers an opportunity to openly buy Tokens. A user seeking to enter the BTD Platformfollowing the Token Launch will have to buy Tokens on such exchanges. Conversely, Tokens may be sold on such exchanges if the holder of Tokens would like to exit the BTD Platformecosystem. Existing laws on the circulation of securities in certain countries, such as the United States of America, People’s Republic of China, South Korea, Canada and Singapore, may prohibit the sale of the Tokens to the residents of those countries. In addition, the Company in circumstances may block proposed transfers of the Tokens where the proposed transferee has not already completed the Company’s KYC and AML procedures (including, without limitation, verification of identity and source of funds) to its satisfaction. Purchasers should be aware of the restrictions on their subsequent sale.
The Tokens are not redeemable at the option of a Purchaser and are in essence “closed-ended”. The Tokens are non-refundable save in the limited circumstances expressly set out in these terms.The minimum aggregate Token purchase amount initially isUS$100,000for the first 3 million Tokens. After the sale of the initial 3 million Tokens of the presale, the minimum aggregate Token purchase amount will be US$1,000during the pre-sale, the dates of which are to be announced in the future. After the expiry of the pre-sale period of the Tokens, the minimum aggregate Token purchase amount is reduced to 0.2Ether (approximately US$34at the date of this White Paper)during the main sale of the ICO.The Company is not currently required to register with the Cayman Islands Monetary Authority because the Tokens are not shares, trust units or partnership interests and accordingly are not currently considered equity interests for the purposes of the Mutual Funds Law (2015 Revision) of the Cayman Islands (“MFL”). In addition, the Tokens are not redeemable at the Purchaser’s optionwithout the consent of the Company. Purchasers must appreciate that the Cayman Islands Monetary Authority has therefore not reviewed this White Paper and have not passed any judgment on the merits of the Company or acquiring the Tokens. The Cayman Islands Monetary Authority will have no oversight of the operations of the Company or the Tokens.The Cayman Islands Government has not yet proposed or passed any legislation expressly regulating crypto currencies, cryptographic tokens, initial coin offerings or token generating events and its regulatory intentions are unclear. Each Purchaser should be aware that any new laws imposed in the Cayman Islands (or amendments to the existing laws of the Cayman Islands, such as the MFL) could, among other things: (i) prohibit the sale, purchase or transfer of the Tokens or otherwise make holding them illegal, (ii) require the Company to register itself or the Tokens with the Cayman Islands Monetary Authority and become subject to its supervision or (iii) adversely affect or destroy the value of a Purchaser’s Tokens, and that such new laws or amendments could be imposed very quickly and without warning.
Accuracy of Information, No Consent of Parties Referenced in White Paper
This White Paper includes market and industry information and forecasts that have been obtained from internal surveys, reports and studies, where appropriate, as well as market research, publicly available information and industry publications. Such surveys, reports, studies, market research, publicly available information and publications generally state that the information that they contain has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of such included information. Save for the Company and its respectivedirectors, executive officers and employees, no person has provided his or her consent to the inclusion of his or her name and/or other information attributed or perceived to be attributed to such person in connection therewith in this White Paper and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information by such person and such persons shall not be obliged to provide any updates on the same.Neither the Company nor any of the Associated Parties has conducted any independent review of the information extracted from third party sources, verified the accuracy or completeness of such information or ascertained the underlying economic assumptions relied upon therein. Consequently, neither the Company nor its directors, executive officers and employees acting on its behalf makes any representation or warranty as to the accuracy or completeness of such information and shall not be obliged to provide any updates on the same.
To facilitate a better understanding of the Tokens being offered by the Company for purchase, and the businesses and operations of the Company, certain technical terms and abbreviations, as well as, in certain instances, their descriptions, have been used in this White Paper. These descriptions and assigned meanings should not be treated as being definitive of their meanings and may not correspond to standard industry meanings or usage. Words importing the singular shall, where applicable, include the plural and vice versa and words importing the masculine gender shall, where applicable, include the feminine and neuter genders and vice versa. References to persons shall include corporations.
Forward Looking Statements
All statements, estimates and financial information contained in this White Paper, made in any press releases or in any place accessible by the public and oral statements that may be made by the Company or any Associated Party that are not statements of historical fact, constitute “forward-looking statements”. Some of these statements can be identified by forward-looking terms such as “aim”, “target”, “anticipate”, “believe”, “could”, “estimate”, “expect”, “if”, “intend”, “may”, “plan”, “possible”, “probable”, “project”, “should”, “would”, “will”or other similar terms. However, these terms are not the exclusive means of identifying forward-looking statements. All statements regarding the Company’s financial position, business strategies, plans and prospects and the future prospects of the industry which the Company is in are forward-looking statements. These forward-looking statements, including but not limited to statements as Bitdollar Fund | George Town, Cayman Islands| www.bitdollarico.com7to the Company’s revenue and profitability, prospects, future plans, other expected industry trends and other matters discussed in this White Paper regarding the Company are matters that are not historic facts, but only predictions.
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Bitdollar Fund (BTD) ICO Scam or Not?
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