BASE PROSPECTUS BITCOIN TRACKER CERTIFICATES AND ETHEREUM

How To Recover All The Funds If We Can Just Raise $3.5m

My fellow affected users,
I believe at this point, our hopes from the legal process will see recoveries of 5-10% of the total funds. That's still a lot of recovered money, but it's also meaning that most affected users are still losing 90-95% of their funds. For me, this is my single largest financial loss. Many people on here have lost a lot more money, or are affected in serious ways.
I feel a profound sense of duty to help in any way I can. Below is a detailed process (modified version of my last proposal to fix a number of issues pointed out by other Reddit users) which should provide an opportunity to recover all of the lost funds over time. It can be executed now for $3.5m, and of that at least $2m will go right back to affected users within the first year. We have about $200m at stake here, individual users have lost $50m in some cases. It's hard for me to believe that we as a community couldn't pull together these funds.
All of this could be accomplished by purchasing the exchange assets and managing them ourselves in a specific manner. Here's a budget breakdown:
All of these costs add up to $3m and would be expected to purchase and enable the exchange to operate for one full year (12 months). As some costs may not be fully accounted for or unexpected costs can arise, it is recommended to set the funding target at $3.5m.
Raising this money is no easy task. I only have a few recommendations:
Once the funding is completed, the exchange development process would proceed.
Similar ideas have been tried and worked out successfully:
I feel very strongly in doing everything I can to help this situation achieve the best possible outcome. There is a great opportunity here. If we want to proceed with this, we need to build a team and raise the initial capital. I'm happy to help in any way I can, but I can't do this alone. We need some people to sign onto it who can see the potential and are serious about making it happen.
Thank you very much for reading and your support or feedback of this idea.
submitted by azoundria2 to QuadrigaCX [link] [comments]

Leading the Distributed Entertainment Revolution

AVXCHANGE is a new P2P sharing platform .But the different is AVXCHANGE using blockchain technology as it stone foundation . AVXChange stands for audio and video exchange . The idea was base on how common P2P / peer-to-peer networking works .People are rewarded with tokens which is later can be converted to any cryptocurrencies or $cash for sharing their files to other user .lets make this simple , you can see so many website sharing videos , movies , songs ,etc But what do you earn from those beside traffic and small amount of cash ? 0 nada ... only few people get it right and earned some real cash for their extraordinary effort. thats a huge gap in earning
This is what makes AVXCHANGE different . everybody will earn as much as they can without all those complex advertisement embedded or plugin or whatever you name it (you know what i mean).
Yet AVXCHANGE is very simple to use . you don't want to miss this project with new technologies and will be successful in the future. Be part of this technology with this project. New technologies are new opportunities. This company are very worthy and prospectus , I think it will has a great future soon enough. I believe in the future of this project. His will become mainstream in the future. I'm sure of this too. It is obvious that this project has already gathered so many like-minded people and supporters ready to support and be part of such a strong and confident team. Small group of team members and advisors too. Although there are elements that need to be addressed carefully, the concept does sound good, but not sure if and how successful it will be in the long run. From all indication the project looks promising. They also included top of the line developers and I believe that the end of this campaign they will succeed. Every project is different, of course, but the differences when managing a platform projects are especially so, due to its distinct life-cycle processes.
Since the widespread adoption of Bitcoin and other cryptocurrencies, ICOs have been garnering more and more investment capital from investors from all around the world. That is because until cryptocurrencies became popular, investing in projects at such a young stage was limited only to wealthy people – venture capitalists (VCs) and accredited investors.
ICOs have enabled individuals from around the world to come together and fund projects that they find useful. There is nothing to worry about, and investors can participate in ICOs from any part of the world. That is why ICOs are being called the next generation of funding platforms.
Website: https://avxchange.io/
Whitepaper: https://static.icoholder.com/files/29084/9dca12481b2f5c1a8b846344610c0656.pdf
submitted by azisjesika to AVX [link] [comments]

AVX project

AVXCHANGE is a new P2P sharing platform .But the different is AVXCHANGE using blockchain technology as it stone foundation . AVXChange stands for audio and video exchange . The idea was base on how common P2P / peer-to-peer networking works .People are rewarded with tokens which is later can be converted to any cryptocurrencies or $cash for sharing their files to other user .lets make this simple , you can see so many website sharing videos , movies , songs ,etc But what do you earn from those beside traffic and small amount of cash ? 0 nada ... only few people get it right and earned some real cash for their extraordinary effort. thats a huge gap in earning
This is what makes AVXCHANGE different . everybody will earn as much as they can without all those complex advertisement embedded or plugin or whatever you name it (you know what i mean).
Yet AVXCHANGE is very simple to use . you don't want to miss this project with new technologies and will be successful in the future. Be part of this technology with this project. New technologies are new opportunities. This company are very worthy and prospectus , I think it will has a great future soon enough. I believe in the future of this project. His will become mainstream in the future. I'm sure of this too. It is obvious that this project has already gathered so many like-minded people and supporters ready to support and be part of such a strong and confident team. Small group of team members and advisors too. Although there are elements that need to be addressed carefully, the concept does sound good, but not sure if and how successful it will be in the long run. From all indication the project looks promising. They also included top of the line developers and I believe that the end of this campaign they will succeed. Every project is different, of course, but the differences when managing a platform projects are especially so, due to its distinct life-cycle processes.
Since the widespread adoption of Bitcoin and other cryptocurrencies, ICOs have been garnering more and more investment capital from investors from all around the world. That is because until cryptocurrencies became popular, investing in projects at such a young stage was limited only to wealthy people – venture capitalists (VCs) and accredited investors.
ICOs have enabled individuals from around the world to come together and fund projects that they find useful. There is nothing to worry about, and investors can participate in ICOs from any part of the world. That is why ICOs are being called the next generation of funding platforms.
Website: https://avxchange.io/
Whitepaper: https://static.icoholder.com/files/29084/9dca12481b2f5c1a8b846344610c0656.pdf
submitted by Joygalz to AVX [link] [comments]

Why AVXChange is Different from the others

This is what makes AVXCHANGE different . everybody will earn as much as they can without all those complex advertisement embedded or plugin or whatever you name it (you know what i mean).
Yet AVXCHANGE is very simple to use . you don't want to miss this project with new technologies and will be successful in the future. Be part of this technology with this project. New technologies are new opportunities. This company are very worthy and prospectus , I think it will has a great future soon enough. I believe in the future of this project. His will become mainstream in the future. I'm sure of this too. It is obvious that this project has already gathered so many like-minded people and supporters ready to support and be part of such a strong and confident team. Small group of team members and advisors too. Although there are elements that need to be addressed carefully, the concept does sound good, but not sure if and how successful it will be in the long run. From all indication the project looks promising. They also included top of the line developers and I believe that the end of this campaign they will succeed. Every project is different, of course, but the differences when managing a platform projects are especially so, due to its distinct life-cycle processes.
Since the widespread adoption of Bitcoin and other cryptocurrencies, ICOs have been garnering more and more investment capital from investors from all around the world. That is because until cryptocurrencies became popular, investing in projects at such a young stage was limited only to wealthy people – venture capitalists (VCs) and accredited investors.
ICOs have enabled individuals from around the world to come together and fund projects that they find useful. There is nothing to worry about, and investors can participate in ICOs from any part of the world. That is why ICOs are being called the next generation of funding platforms.
To find more relevant details please follow several sources for the following references: Website: https://avxchange.io/
Whitepaper: https://static.icoholder.com/files/29084/9dca12481b2f5c1a8b846344610c0656.pdf
Facebook: https://www.facebook.com/AVXChange/
Twitter: https://twitter.com/@avxchange
submitted by wealthspy to AVX [link] [comments]

Why AVXChange is Different from the others

This is what makes AVXCHANGE different . everybody will earn as much as they can without all those complex advertisement embedded or plugin or whatever you name it (you know what i mean).
Yet AVXCHANGE is very simple to use . you don't want to miss this project with new technologies and will be successful in the future. Be part of this technology with this project. New technologies are new opportunities. This company are very worthy and prospectus , I think it will has a great future soon enough. I believe in the future of this project. His will become mainstream in the future. I'm sure of this too. It is obvious that this project has already gathered so many like-minded people and supporters ready to support and be part of such a strong and confident team. Small group of team members and advisors too. Although there are elements that need to be addressed carefully, the concept does sound good, but not sure if and how successful it will be in the long run. From all indication the project looks promising. They also included top of the line developers and I believe that the end of this campaign they will succeed. Every project is different, of course, but the differences when managing a platform projects are especially so, due to its distinct life-cycle processes.
Since the widespread adoption of Bitcoin and other cryptocurrencies, ICOs have been garnering more and more investment capital from investors from all around the world. That is because until cryptocurrencies became popular, investing in projects at such a young stage was limited only to wealthy people – venture capitalists (VCs) and accredited investors.
ICOs have enabled individuals from around the world to come together and fund projects that they find useful. There is nothing to worry about, and investors can participate in ICOs from any part of the world. That is why ICOs are being called the next generation of funding platforms.
To find more relevant details please follow several sources for the following references: Website: https://avxchange.io/
Whitepaper: https://static.icoholder.com/files/29084/9dca12481b2f5c1a8b846344610c0656.pdf
Facebook: https://www.facebook.com/AVXChange/
Twitter: https://twitter.com/@avxchange
submitted by ifeakinola to ICOAnalysis [link] [comments]

‘Initial Coin Offering: an Inaccurate Term with an Imperfect Regulator’ (some speech given at the first Computational Law & Blockchain Festival – Singapore Node on 17 March 2018 (#clbfest2018))

tl;dr – A speech given at #clbfest2018 on what initial coin offerings are, why governments all over the world eye them curiously, and how governments regulate them – if they regulate them. Also, on why brick and mortar governments regulate something so digital.
I practise cyberlaw, as I like to call it. Although this is derived from the term cyberspace, which seems to be a bit vintage. It shouldn’t be, if you ask me.
I’m here to talk about initial coin offerings, or ICOs. I shall try to do so, and then some.
To be honest, I’m not a fan of initial coin offering as a term. Neither is the MAS, the Monetary Authority of Singapore, which doesn’t call them that. The MAS calls them digital token offerings, which is so much better.
Here’s why.
Initial Public Offerings
Initial coin offering resembles the traditional term initial public offering. An initial public offering is the first time shares of a private company are offered to the public. Think of listings on the stock exchange.
Owning listed stock means you own a part of the company. You’re a bit of an entrepreneur.
But its modern-day meaning doesn’t lie so much in making us company co-owners. It lies in the monetary value of the stock which, after the listing, is tradable on the financial market.
The same applies to other funky things you can find on the financial market. Like debentures, units in business trusts or their derivatives, or to collective investment schemes. Whatever they are. Let’s not even go there. Suffice it to say they’re all rights of one party against another party or even against the general public.
But their modern-day value doesn’t lie so much in owning these rights. It lies in their tradeability as financial assets.
Stocks and debentures, business trust units or derivatives – they’re all investment objects. Also known as securities.
IPO Regulation
And because of that governments all over the world have said: wait a minute, this is an area with huge information imbalances where, at any given stage, one party – say, the company directors who issue the rights – may know so much more than the rest – say, the potential investors. If we let this happen, those who know more may exploit their information advantage. Hugely undesirable from an economic point of view.
We must make sure, the governments said, those who know more will disclose certain information beforehand so everyone can make an informed decision. Hugely desirable, economically speaking.
And so the governments regulated the initial offering of securities to the public. Among other things they made it a duty to disclose a variety of details to potential buyers. This regulation was done by way of law. Because rule of law.
Initial Coin Token Offerings
Enter Mastercoin which, arguably, held the first ICO in 2013. They offered cryptocurrency, or coin. Ethereum and others followed. They offered coin, too.
Later offerings in the young history of ICOs were not for cryptocurrency, but for other rights. For example, as part of a crowdsale, the right to participate with privileges in an online game to be developed with the money collected.
The right to be privileged in an online game isn’t coin. In the world of information technology, the right to perform an operation is represented by a token. So when someone offers a right, she offers a token. This means all cryptocurrency are tokens, but not all tokens are cryptocurrency.
That’s why it’s a bit of a misnomer to call any token offering a coin offering. That’s why I prefer the way the MAS calls it: digital token offering.
Needless to say tokens carry value, some more, some less.
Bitcoin: hodl!
But this obscure offering where they promise you the right to meet A-list sport stars face-to-face if only you buy many tokens: maybe less.
In any case, their inherent value makes tokens tradable assets. Negatively speaking, you can lose a lot of money with them.
ITO Regulation
And that’s, of course, why the MAS has got its teeth into tokens in the first place. The MAS and other regulators worldwide. Because all these new creatures, tokens, were offered unregulated. If there was any information imbalance at any stage – yeah, well, what to do.
But pretty much all regulators have found tokens have a value and are tradable. There are just different schools of thought on how to deal with it.
China has banned token trading entirely. South Korea has banned it, too, but on second thought has started reversing this ban. On the other end of the spectrum is Japan. Not only does Japan allow token trading. It has even enacted laws which accept virtual currency as payment. In Japan cryptocurrency is money. The European Union or Singapore are somewhere in the middle.
This means: if you want to offer tokens to the public, whether you call it ICO, ITO or even IPO, then you may want to check out where you offer them. If it’s in China, you won’t be allowed to do it. If you’re in Japan, you will be allowed to do it very much.
In Singapore
If you’re in Singapore, it depends on the tokens you want to offer. The MAS’ view on it is still pretty new, they’ve only published it last November. They don’t say it like that, but basically the MAS has taken a look at all the tokens out there. Then it has categorised them in three groups.
Cryptocurrency
First category. On tokens which are cryptocurrency the MAS has found: their value may rise or fall. This may attract those who treat them as an investment object. Just like some people invest in traditional currency for the same reason. But just like any traditional currency, the main purpose of cryptocurrency is to be a medium of exchange. A payment method.
The only currency we regulate as a payment method is the Singapore dollar. We do not regulate other currency as such.
Of course, if anyone uses cryptocurrency fraudulently, our general rules shall apply, including our criminal law. And let’s never forget our rules against money laundering and terrorism financing.
Utility Tokens
Second category. On this kind of token the MAS has found: their main purpose seems to be that of an entry ticket to something. They’re also called utility tokens. Yes, this may attract those who buy these tokens because they hope to sell them on with a profit. Like the guy who buys a ticket to the concert of a famous singer only to sell it on right before the show. But their main function is not to be a tradable asset.
Our rules against conning others or against money laundering and terrorism financing notwithstanding, but when a token represents the right to participate in an online game, this is nothing we regulate.
Capital Market Products
Third category, capital market products. On this third category of tokens the MAS has found: the main purpose of these tokens seems to be that of an investment. Granted, they may make their buyer a co-owner or creditor of a company. But ownership in a company or being in some other relationship with a company is really not why you buy these tokens. Rather, you buy them with a reasonable expectation of profit based significantly on the efforts of the entrepreneurs or managers who run the company.
This is just like traditional securities. Tokens in this category are securities.
We regulate securities.
Thus, if you’re in Singapore, you’re allowed to offer your tokens licence-free if your token offering is really an ICO. That is to say an offering for cryptocurrency. Or if your token is a utility token. But if the tokens you want to offer are a capital market product, then that’s regulated. Then you may have to comply with the highest standards of disclosure.
The Prospectus Requirement
This means your offer may have to be made in or be accompanied by a prospectus. This is a formal document which you will have to prepare and lodge and register with the MAS. It’s full of compulsory statements, and believe me, the average token whitepaper you see out there doesn’t cut it.
There are exemptions from the prospectus requirements. For example for small offers of securities worth less than five million Singapore dollars. Or for private placement offers made to no more than 50 persons. Or for offers made to institutional or accredited investors only.
Also, the MAS has the power to exempt a person from having to fulfil some or all prospectus requirements on a case-by-case basis. But this may happen only if the cost of compliance outweighs the need of the public for protection. And if dispensing isn’t prejudicial to the public interest.
In any case, all these exemptions come for a limited period of time or with other conditions, including advertising restrictions.
The Sandbox
For the sake of completeness I’d like to mention the sandbox. I don’t know if you’ve heard of it. The MAS offers a so-called regulatory sandbox for financial services. In the sandbox, legal and regulatory requirements are relaxed for a while. Companies admitted can experiment there.
But the MAS will only admit you to the sandbox to experiment with new or emerging technology, or with existing technology in a new way, or with a new financial service which addresses a problem or brings benefit.
At the moment there’s no one in the sandbox experimenting with token offerings. But the MAS seems to be keen. It has stated it would consider admitting token offerings, if such fundraising efforts were by companies focused on new technology that will improve the efficiency of capital markets. For example, something that can build a ‘smarter’ initial public offering. Whatever this is.
However, you don’t enter the sandbox easily. You have to apply and you have to be accepted. To be accepted you must demonstrate you’re willing and able to deploy your financial service in Singapore when play time is over. You will have to define test scenarios and expected outcomes and report on them to the MAS. Among other things.
Hence, no one should expect to be admitted to the sandbox just because they do something with token in it.
Questions
Put another way, offering securities, digital or not, is a stiff job, in Singapore or elsewhere. Because of regulatory compliance.
But we know now what kind of token is regulated in the first place and what kind of token isn’t. That’s settled then.
But, you see, I’ve highlighted the situation in Singapore. What about other places?
Yeah, about that. I have a few questions there.
Why Regulate?
First, a quick repeater. Why regulate the offering of securities again?
Okay, trivial. Any textbook on economics has it. Regulation of behaviour exists, mainly, to protect the interests of certain market participants. The offering of securities is regulated to protect worthy potential investors from getting fleeced. The information imbalance thing I’ve mentioned at the beginning. It’s economically undesirable.
Why the State?
Another question. Why regulation of security tokens by the state?
You don’t hear this one so often. That’s probably because, normally, there doesn’t seem to be a reason to ask. I mean, who else, right?
Traditionally, regulation is a service provided by the state to the citizenry. This makes perfect sense in a setting where the state is the first-choice regulator of things in our lives.
But where is there such a setting? And where is there not?
We are many in the confined space on this planet. We live in societies. Due to certain benefits that we see in it many of these societies are constituted as states. As part of our social contracts, we as individuals surrender some of our freedoms to the state. In exchange the state is to protect us. For example by way of regulation.
Where There’s a Limit, There’s a State
But regulation by the state has limits. The state is our provider of regulatory services only within its territory. As soon as we reach the borders, the state meets its limits to regulate.
In the era of globalisation, this happens really often. This is why states have come up with supranational and intergovernmental organisations and policies. Cue Irene, who’s going to speak about the UNCITRAL Model Law on Electronic Transferable Records later. UNCITRAL is the United Nations Commission on International Trade Law. It’s one of these intergovernmental organisations.
However, globalisation still refers to borders in physical space or how to overcome them.
The regulation of security tokens though.
Where There’s No Limit…
Tokens are inherently cyber. Not only that, their main area of application is that limitless, incorporeal space which we’ve created and started to inhabit a while ago: cyberspace.
State territory is physical whereas cyberspace is not. We have started to inhabit cyberspace with the software part of what makes us up. But we have not stopped inhabiting physical space with our physical bodies. We just do both.
There is a fairly distinct border between these two spaces, yet many of us do not realise it well. Perhaps because it runs right through us and we cross it all the time. As a consequence, we tend to obliterate the differences between both physical space and cyberspace.
I daresay states obliterate these differences a lot. For example, they tend to forget where the social contract grants them power and authority and where it doesn’t.
Regulating Remote Areas
Although traditionally they regulate what happens in their territory, states have sought to regulate behaviour in cyberspace, too. But come to think of it what they really do is regulate behaviour in their territory. Because they can’t go beyond that.
In forbidding token trading, China regulates behaviour in China space. In allowing token trading, Japan regulates behaviour in Japan space. And in applying certain brick-and-mortar rules made for traditional securities on security tokens, Singapore regulates behaviour in Singapore space.
Supranational bodies like the European Union may go beyond that and regulate behaviour in European Union space. But that’s because its members are states which allow that.
As of today, there is no cyber state. There’s also no cyber United Nations or cyber European Union. This is why any effect of state regulation on cyberspace is but indirect.
Of course many (perhaps all) laws have, wanted or unwanted, indirect effects. But indirect effects are usually side effects. I daresay the direct effects of law are usually its main effects. But when it comes to regulating behaviour in cyberspace by states, there’s nothing but indirect effect.
As a result, to me the indirect regulation of behaviour in cyberspace by physical-space states smells like a compromise. Like a workaround, until there’s something better. Like a colonial master who insists his home laws shall apply to his colonies far away, as outlandish as the results may be.
Then Who? or What? Why Law?
As we continue to develop tokens, the blockchain technology to register them, or the smart contracts to trade them, maybe we should reflect on who – or what – could be a direct regulator of token offerings in cyberspace?
Who said regulation must be done by way of law anyway, especially by public law? Yes, it’s a great way of regulating in physical space. But in the cyberspace of today, isn’t code the more appropriate way of doing it? If so, we may want to make sure our coders are good regulators. Like we want our lawmakers to be good regulators.
Of course this leads to the greater question of who could be a better regulator of life in cyberspace in general.
Is it anyone’s own business to protect himself? Or as we spend more and more time there, is it better to delegate regulation to some entity in exchange for protection? Some form of cyber social contract?
Perhaps, due to the infinity of cyberspace, there will be no cyber states with limited territory and all that. If so, who else might be our social contract partner? Facebook or Google?
Really?
Or will there be some novel form of cyber state? With some kind of cyber government?
Call me coo-coo, but I don’t think it’s too early to ask. Because, look, with cryptocurrency and digital securities we have money and investment for cyberspace now. And the emergence of money and investment is a token of civilisation.
(First published here.)
[EDIT: grammar mistake]
submitted by Greentica to CryptoCurrency [link] [comments]

Know your limit, invest within it

Paywall / Subscribers
The Globe and Mail
Rob Carrick Published January 26, 2018 For Subscribers
Surging investor confidence in early 2018 is starting to look like reckless enthusiasm.
Investors have lately shown a willingness to take on risk in search of home-run returns, and the investment industry is serving up products to capitalize.
The stock markets are not the problem, particularly the Canadian market. Annualized returns over all periods – from the past 12 months to the past 20 years – are far from excessive and could even be called modest. The U.S. market has been a lot stronger in the past decade, but it's now supported by a growing economy. Remember, it's recessions that usually cause a bear market.
Strong market fundamentals support aggressive investing, but there's a limit. Here are four examples of how these limits are being tested right now.
Adviser shame
Financial planner Rona Birenbaum has noticed a trend lately of people disparaging advisers on the basis of it being so easy to invest for yourself that paying someone to do it for you is pointless and a waste. "I'm starting to hear client comments like 'my brother thinks I'm an idiot for using an adviser,'" she said. "You're almost afraid to say you pay for financial advice."
You can see this same thinking in a recent exchange on The Globe and Mail's Gen Y Money Facebook page. After someone asked for referrals to a financial adviser, other members of the community tried to convince him to invest on his own.
Dismissing advisers sends a message that investing is easy, which is an attitude that develops when a bull market is in full swing. There are simple ways to invest on your own – the exchange-traded fund portfolio with just four funds I wrote about recently is one example. But the overall investing process involves a lot more than just buying four ETFs.
You have to rebalance a portfolio when the mix of stocks and bonds gets out of sync, resist the temptation to sell at market lows and tamp down your greed in market highs. And then there's the question of whether the results you're getting are sufficient to achieve your financial goals.
DIY investing is a righteous choice, but it's harder than it looks in today's investing climate. There's no shame in paying a reasonable price for help.
The rise in margin debt
Buying on margin means putting down some of your own money to buy stocks and covering the rest of the cost by borrowing from your broker. If the shares go up in price, you make more of a profit than if you just used your own money. Falling share prices would likewise magnify your losses.
The total amount of debt in investment accounts set up for clients to buy on margin was up 8 per cent between the end of 2016 and Nov. 30, 2017. But this number undersells the extent to which investors are embracing margin.
The Investment Industry Regulatory Organization of Canada reports that margin debt soared to $25.6-billion at Nov. 30 from $15.9-billion in June, 2008, which is just before the last bear market began.
Low interest rates explain a lot of this increase, just as they do the rise in mortgage debt and house prices. But rising margin borrowing also signals a growing acceptance of risk.
In the Maclean's list of the 91 most important economic charts to watch this year, analyst Alexander MacDonald of Cowan Asset Management noted that margin debt no longer closely tracks the ups and downs of the S&P/TSX composite index. Since 2013, margin debt has grown steadily despite an up-and-down market.
It's worth noting that in the latter half of 2008, the total amount of margin debt plunged 44 per cent. Margin debt is toxic in fast-falling markets.
ETFs tied to current trends
Marijuana stocks are driving the unprecedented trading volumes that have jammed up websites and phone lines at some online brokerage firms in early 2018. A few exchange-traded fund companies are capitalizing on this and other hot investing trends.
The Horizons Marijuana Life Sciences Index ETF (HMMJ-TSX) has been a big hit for a fund not even a year old, with a one-month gain to midweek of 47 per cent and high trading volumes that one day this month reached a stunning 5.6 million shares. Horizons now plans an encore – the Horizons Junior Marijuana Growers Index ETF, which must still be approved by regulators.
One other ETF provider has filed a preliminary prospectus for a marijuana ETF, while still other firms are readying niche products in cryptocurrencies such as bitcoin and the blockchain technology on which these currencies are based. Preliminary prospectuses have been submitted for such miscellany as the Harvest Blockchain Technologies ETF, Purpose Investments' Bitcoin Trust and the Evolve Bitcoin ETF.
National Bank Financial reports that 72 per cent of ETF flows in 2017 went into traditional index-tracking products, which is a positive trend because these funds tend to be cheapest to own. But the success of HMMJ highlights the strong potential for lucrative niche ETFs as well. The management expense ratio for this ETF is 0.89 per cent, compared with 0.06 per cent for a cheap Canadian equity ETF.
The "must buy stocks" mindset
The growing thirst for stocks can most clearly be seen in the unprecedented levels of trading done by individuals through online brokerage firms. Basically, investors have broken their brokers' websites by logging on in swarms to trade stocks and see how their accounts are performing.
Brokers were unprepared for this onslaught, which is a fail on their part. But let's understand that the level of trading people are doing today is not normal. It's a speculative surge triggered by a few hot sectors.
A quieter but no less noteworthy move into stocks is being made by mutual fund investors. The Investment Funds Institute of Canada reports net sales of $7-billion in equity funds last year, compared with $6-billion in net redemptions in 2016. More speculative specialty funds generated net sales of close to $2.6-billion, compared with $36.7-million in redemption in 2016.
Mutual funds are typically sold by advisers, a point that raises questions about the advice industry's claim to deliver value by tempering client urges to get aggressive after stock markets rise and to lose heart after declines.
This isn't any kind of stock market forecast, but it does seem late in the game for investors – DIY or advised – to recast themselves as aggressive stock jocks.
Follow Rob Carrick on Twitter @rcarrick
https://www.theglobeandmail.com/globe-investoinside-the-market/know-your-limit-invest-within-it/article37751748/
submitted by SirEbrally to weedstocks [link] [comments]

Seeking angel investor(s) to start 45 PH/s mining farm

We are seeking $18,925,000 from a group of angel investor(s) that want to get into bitcoin mining.
We have property that can handle 13MW of power, of which 12MW can be used for mining, with the expenses for electrical cost under $0.03 USD KW/h. The electricity company requires a substantial deposit of $675,000 based on 2.5x the monthly average usage of $270,000.
With the announcement of the new ANTMINER S7 we can achieve 45.0+ PH/s.
We can have a complete build-out done by mid-November, and we have made a deal to place the miners in a hosting facility until the build-out is complete. This hosting is about 2.5x more than our costs, but given the time frame, should bring an additional $2,500,000 before our build is complete.
We currently do not have a business plan written as this does not fall under a conventional BP model. We do have a P&L spreadsheet available for potentially serious investors, and we plan to have a BP in place by the first week of September.
Based on a Bitcoin target price of $210.00, if we could complete funding by the end of September, we would reach a break-even point just prior to the bitcoin halving mark of July 2016. This is critical junction, as we want to remain profitable past the halving mark, and be fully prepared for the dramatic hashing power increase of the next generation machines.
It is imperative that we get started quickly to avoid the halving, so the break-even point does not extend into the halving point.
Legal
Some statements contained in this document or incorporated by reference into this document are forward-looking and involve uncertainties that could significantly impact results. The words “believes,” “expects,” “estimates,” “anticipates,” “will be” and similar words or expressions identify forward-looking statements made on our behalf.
You should be aware that this investment has a risk of losing your capital. The amount of risk varies with each type of investment but in the very worst case scenario this can mean all of your capital is lost. If your attitude to risk is that you are not prepared to take any risks with your capital you should instead consider investing in a guaranteed return investment.
We intend to use the net proceeds for our operations and general corporate purposes not limited to purchasing all necessary equipment, permits, deposits, payroll, and any unforeseeable expenses.
Neither the Securities and Exchange Commission (USA) nor any state or governmental securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete.
NOTE: We have spreadsheet information available on google docs, for serious inquires.
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Prospectus is valid for a period of twelve months from the date of approval. XBT Provider has not authorised any party to provide information regarding XBT Provider, any other company in the group in which XBT Provider is a subsidiary (the "Group") or the Certificates with any other meaning than described in this Base Prospectus. Prospectus is valid for a period of twelve months from the date of approval. XBT Provider has not authorised any party to provide information regarding XBT Provider, any other company in the group in which XBT Provider is a subsidiary (the "Group") or the Certificates with any other meaning than described in this Base Prospectus. When available, copies of the prospectus supplement and accompanying prospectus related to the offering may also be obtained from: BofA Securities, address: NC1-004-03-43, 200 North College Street Codefi, backed by Ethereum development group ConsenSys, is working on an Eth 2.0 staking API, which aims to help large exchanges, wallet providers, custodians and funds earn income from a portion Bitcoin is a digital or virtual currency created in 2009 that uses peer-to-peer technology to facilitate instant payments. It follows the ideas set out in a whitepaper by the mysterious Satoshi

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