Hello all,
We are the
ICOrating team.
Weâre creating the most detailed database of every company that is having or planning to have, an ICO. Weâre also developing ratings and analytical reports that will increase potential investorsâ awareness of such companies.
Weâre happy to announce that
BLOCKCHAIN CAPITAL FUND is now listed on our website. Check it out here
http://icorating.com/project/68/Blockchain-Capital-FundWe appreciate any feedback. Please feel free to contact us if there are any additions/corrections you want to insert.
We appreciate this one. Thank you for the service! Will read.
Thank you for all the correspondence thus far Marina. Let me ask you a reiteration of what I and another user had asked you guys in regard to performance fees specifically:
For comparative purposes, TaaS project claims they will return 50% of fund profits to equity holders quarterly, with a remaining 25% being reinvested into the fund again. Short of stating it directly, they seem to omit what happens to the remaining 25% of fund profits which I could only assume would go to the fund managers. Essentially equivalent to a performance fee unless I am told otherwise.
The rough conclusion I reach from that offering is that you can expect to take away 50% of quarterly gains on your initial investment. Hopefully boosted by whatever accretive gains come from a 25% fund reinvestment. Fine.
Based on your team's offering description, it would sound like you are only exacting the 25% performance fee on profits gained, with the remaining 75% going back to equity holders. Aside from the 2.5% fee on initial equity purchase of course. Would this be correct or am I missing something?
In all, somewhat more appreciative of the fact that your team is at least disclosing performance fees in an up front fashion, instead of users having to request that a missing 25% be spelled out (TaaS). However, we still want a little more light shed on just what happens with the 75% of remaining profit.
