Coinomat (the instant cryptocurrency exchange, Nxt asset issuer, SuperNET service partner and Bitcoin Foundation Member) has just released its Cryptoasset.fund asset on the Nxt Asset Exchange. The asset is to be made available via a Dutch auction.
Cryptoasset.fund is the first “classical” venture fund to be launched on the Nxt platform. Inspired in part by innovative jl777’s SuperNET asset, which itself is a revolutionary asset both in the technology it represents and in helping to lead the way in launching investment funds on the Nxt platform, Cryptoasset.fund is focused on investing in projects which are close to the Coinomat.com team, and also any other promising cryptocurrency projects.
The launch of Ethereum is further evidence of segmentation taking place in the crypto economy. It’s now clear that in order to survive and prosper cryptocurrencies must focus on what they do best. In the case of Nxt, of course, this is decentralized crowdfunding on the asset exchange. One of the fund’s future projects will be the creation of a fully-compliant crowdfunding platform based on blockchain-issued assets which we hope will help make NXT platform the go-to place for decentralized crowdfunding.
At its launch cryptoasset.fund will hold shares in several assets in which the Coinomat team is involved, including Coinomat.com, MMNXT.com and EIX.fund, which will make the Net Asset Value of the fund around 3 million NXT. During the coming months several new projects will be launched with cryptoasset.fund participation, including:
forkpay.net – a merchant platform and plug-in for e-shops that wish to accept cryptocurrencies in addition to Bitcoin. Based on the Coinomat API it offers a way to accept all Coinomat supported e-currencies in one interface. The service will charge a transaction fee, from which it will derive its revenue.
bitnames.io – Blockchain-based domain names. We believe that blockchain technology should become the cornerstone of the DNS industry. Bitnames.io is going to provide an easy way to register and manage .bit, .nxt and other domains on various blockchains, and offer custom DNS servers and browser plugins to resolve them.
morze.us – secure communication for open channels. A messaging application with integrated value transfer, based on the Coinomat API. On top of the messaging app which enables encryption of any web-traffic (email, facebook, any other social networks) Morzeus software will allow the creation, transfer and redemption of BTC and fiat denominated vouchers.
cryptojoin.com – social network for cryptocommunity with integrated reputation system and escrow service.
The range of the projects is diverse: we will not simply be focusing on stand-alone applications of Blockchain technology, but instead aim to start projects which are in synergy with each other. For example, all payment transactions in all the fund’s projects will be realized using Coinomat’s API. Several other projects are currently being discussed; we plan to launch 6 to 7 projects within the next year.
The Cryptoasset.fund ICO is planned for 12.00 GMT, September 15, 2015. Currently it is possible to place bids to secure a share in cryptoassets.fund.
Asset ID at Asset Exchange: 5562590132594876791.
The initial portfolio has been transferred to the issuing account and can be seen in the blockchain (Nxt acct ID NXT-Y8FL-UJCB-R25H-23BT2). It’s 240K Coinomat1, 90K MMBCD, 40K EIX ,700K MMNXT, upon which the Cryptoasset.fund will be built. It will provide the dividends for the shareholders right after the fund’s launch. Also more of the core fund assets will be bought from AE after launch.
New project in our portfolio is shylock.io! It is being launched together with Twinwinnerd who has extensive experience with p2p lending at Bitcointalk. This is going to be a fully automated crypto pawnshop, where you will be able to borrow funds providing crypto assets as collateral.
For example, you hold SuperNET asset and expect it to rise soon. You spot a promising new coin and want to invest in it, but have no BTC. You can get a collateralized loan, by depositing your SuperNET asset with shylock.io and receiving BTC in exchange. When, hopefully, you make profits with the coin you return the BTC with interest and get your SuperNET asset back. The monthly interest will be in the range of 3-5%, and that’s where the profits of the project will come from.
NXT is the best, we’ll do the rest!