Pre-Sale Dates To Be Announced
Phase 1 Pre-sale Lowest Price: $0.10
Phase 1 Main Sale Starting Price: $0.90
About Bitdollar Fund
Disclaimer: There is a high risk of loss in cryptocurrency investing due to extreme levels of volatility, please only risk what you can afford to lose. Please do your own research or consult your investment professional before deciding to invest.
INCENTIVIZED NETWORK ASSET MANAGEMENT
As a decentralized cryptocurrency fund, it is vital that investors share their ideas with the Bitdollar Fund community so that the best ideas to rise to the top, sound allocation decisions can be made during elections, and superior returns can be achieved. In order to facilitate this dialogue, investors that contribute to the community are rewarded with Crypto Pro (CPRO), the Fund’s secondary token, which also permits its holders to stake part of the Fund’s management and performance fees. CPRO can only be earned and will not be directly sold and issued by the Fund. It is important to note that content contributors can be well compensated for providing quality content, regardless of how much of the primary token, Bitdollar (BTD), that the contributor possesses. An overview of the Bitdollar Fund process can be seen below:
For more in-depth details regarding the incentivized process of Bitdollar Fund, please check out the links below:
INITIAL BITDOLLAR COMPOSITION
Even though Bitdollar Fund will be the world’s first decentralized crypto fund with annual elections determining both components and allocations, the initial cryptocurrency components of the Fund are chosen by its founder. The percentages allocated to each core cryptocurrency component in the initial state were chosen to reflect the long-term fundamental strength of each cryptocurrency. Please see our white paper for more details.
For those that are new to cryptocurrencies and are confused by all of the options, Bitdollar (BTD) will be an easy choice since it already contains the best cryptocurrencies within it from a long-term, fundamental basis. Bitdollar also aims to reduce the impact of cyclical bear markets (which can see losses of up to 90%) by shifting allocations to cryptocurrencies during that time that are asset-backed, such as by gold, fiat currency, or oil. By making such allocation adjustments during cyclical bear markets, we believe that Bitdollar (BTD) will be able to financially outperform Bitcoin (BTC) over the long-run.
Note: For regulatory purposes, we have decided that the initial components of Bitdollar, and the percentage of the portfolio allocated to each component, will be determined by a special investor election shortly after our pre-sale begins. In all likelihood, the initial composition will be a mix of Bitcoin, Ether, Dai and Paxos Gold. Once this special investor election has taken place determining the initial composition of Bitdollar, this section will be updated.
MAIN OBJECTIVES OF THE FUND
COMMUNITY & ELECTION PROCESSES
The quarterly community process of Bitdollar Fund, along with a culture that emphasizes intellectual honesty and humility, will be key in facilitating the sharing of the best ideas among investors, which will allow for sound decision making and superior returns.
The election process will take place every quarter, with the first 3 quarterly elections determining the non-core components allocation of the Fund as well as vetting the Fund’s potential new core components in a fun, tournament-style format. In the final calendar quarter of every year, the main annual election of the Fund will take place, which will determine the core components of the Fund as well as percentage allocations for each component.
An overview of the Bitdollar Fund community and election processes can be seen below:
BITDOLLAR FUND APP
See your balances of Bitdollar (BTD), with its underlying cryptocurrency assets, and other Ethereum based tokens such as Crypto Pro (CPRO). See your financial performance and adjust features of your account settings such as undergoing simple KYC/AML background checks.
See prices and charts of any cryptocurrency, as well as links to news related to that cryptocurrency. You can also choose to view saved lists of cryptocurrencies.
See major news headlines from around the world that are relevant to cryptocurrencies, as well as articles from Bitdollar Fund community members.
Debate fundamental analysis with your fellow registered Bitdollar (BTD) investors, or simply browse the forums to learn more. Those experienced in the field can build a strong reputation in the community and earn CPRO by providing good fundamental analysis on major cryptos.
Watch top videos from Bitdollar (BTD) investors regarding fundamental analysis, or watch educational videos about cryptocurrencies, blockchain, trading, and other finance-related issues.
Vote in the annual Bitdollar Fund elections or the quarterly elections for non-core cryptocurrency components of the Fund.
Founder & Chief Executive Officer
Nick has a love for financial markets and is an entrepreneur at heart. He has 15 years of combined experience in corporate finance (mostly in a forecasting, planning, and analysis capacity) and trading in financial markets, both manually and algorithmically. Most recently he was head of Acumen Algorithms LLC, a Commodity Trading Advisor (CTA), but has moved on to completely focus on Bitdollar Capital. Mr. Kitcharoen holds a Bachelor’s degree in economics from the University of Michigan and an MBA in finance from Cornell University.
Co-Founder & Chief Operating Officer
Henry is an accomplished business development leader with experience identifying and closing marketing and product enhancement partnerships to increase territory coverage and build the sales pipeline, working for companies such as Oracle in the past. Prior to his business development career, Henry had a career in finance, which included roles in sales and trading, mergers and acquisitions, audit, corporate consolidations, and financial planning. Mr. Avery holds a Bachelor’s degree in finance from Morris Brown College and an MBA in finance from Cornell University.
Co-Founder & Chief Marketing Officer
Kent brings over 20 years of financial service experience to the team. Most recently, Kent was the SVP of Product and Marketing Operations of Meridian-IQ, a FinTech start-up, and the leading supplier of sales and marketing data on financial advisors. For the bulk of his career, Kent was involved in strategic marketing and product development at leading financial services firms including Jackson National Life, INVESCO Funds, PNC Institutional Management, and Accenture. Mr. Schmeckpeper holds both an MBA and Bachelor’s in economics from the University of Michigan.
Co-Founder & Chief Strategy Officer
Marty has over 35 years of executive leadership in the fintech, wealth management, and alternative investment marketplaces. He has served as a Managing Director with two different FINRA broker dealers, overseeing their Wealth Management and Investment Banking divisions. Marty’s former clients have included broker-dealers, RIA’s, trust companies, financial intermediaries, advisors, family offices and investors from around the world. Mr. Jensen holds a Bachelor’s degree in Business Administration from the University of Nebraska.
Idea Conceived & Founders Formed
Developed the concept and formed the team of founders. Established corporate entity and decided on advisors and strategic partners. Finalized first version of white paper and ICO website, as well as development for all smart contracts.Read More
January - May 2018
Initial BTD Smart Contracts released on the Ethereum Network
BTD Smart Contract released on the Ethereum Network. Promotion of the ICO goes live, social media accounts become active, and introduction to the cryptocurrency community both online in person commences.Read More
Continued Promotion & Development
Continued promotion of ICO. Further planning in the development of the investor portal, online community, integrated voting ability, and mobile app takes place.Read More
July 2018 - February 2019
White Paper 2.0 & Secondary Token
Second major version of white paper is finalized with new secondary token, CPRO, and an incentive based community contribution structure.Read More
February - September 2019
Bitdollar Private Sale Begins
BTD exclusive private sale begins. All 20 million tokens available in the pre-sale, or 20% of the total available in Phase 1, will be available in the private sale on an invitation-only basis. Investment minimums of $100,000.Read More
Bitdollar Presale Begins Early 2021
BTD Presale begins. There will be up to 20 million tokens available, or 20% of the total available in Phase 1. Investment minimum of $1,000Read More
Phase 1 Of ICO Begins Early 2021
Token regular ICO sale begins (Phase 1) starting at a price of $1 per Token. The price will go up by 5 cents, or $0.05, after every week of the sale elapses, with the price ending at $1.10 after the 3 week main sale period. Investment minimum of 0.2 Ether.Read More
Bitdollar Listed On Exchanges
Phase 1 of ICO ends. Tokens will be listed on exchanges as soon as possible. A major accounting firm will perform a public audit of ICO funds.Read More
Next Phase Of ICO Begins
Phase 2 or 3 of the Token Sale begins after Tokens are listed on exchanges. Beta version of community platform launched. Continued promotion of the Fund and its entities to the general public.Read More
First Annual Fund Elections Are Held
The first annual Fund elections begin. Token holders will collectively decide the Fund’s components and the percentage allocations to each.Read More
November - December 2021
First Quarterly Elections Are Held
The first quarterly Fund elections begin. Investors will collectively decide the Fund’s percentage allocation to non-core components, and will collectively select 8 core cryptocurrency candidates for addition to the Fund in its annual elections.Read More
First Quarter 2022
Second Quarterly Elections Are Held
The second quarterly Fund elections begin. Investors will collectively decide the Fund’s percentage allocation to non-core components, and will collectively select 4 core cryptocurrency candidates for addition to the Fund in its annual elections.Read More
Second Quarter 2022
Third Quarterly Elections Are Held
The third quarterly Fund elections begin. Investors will collectively decide the Fund’s percentage allocation to non-core components, and will collectively select 2 core cryptocurrency candidates for addition to the Fund in its annual elections.Read More
Third Quarter 2022
Second Annual Fund Elections Are Held
The second annual Fund elections begin. Token holders will collectively decide the Fund’s components and the percentage allocations to each.Read More
Fourth Quarter 2022
Subsequent Quarterly & Annual Elections
Regular quarterly and annual elections take place, as well as rebalancing. Continued promotion of the Fund and its entities to the general public.Read More
Multi-phase Token Sale Ends
Token sale ends if maximum supply of 7 billion Tokens has not been reached.Read More
Have any questions about Bitdollar Fund?
See our FAQs below
A collectively managed fund is a fund that is managed jointly by its investors through elections or voting. The transparency of blockchain technology enables the peace of mind of knowing that all investors will have the exact amount of voting power based on how many tokens that they hold.
Another way to think of this concept is as a worldwide investment club with perfect voting rights or perfect input on investment decisions. Generally speaking, investment clubs are local and while investment decisions are supposed to be determined by the club as a whole, oftentimes decisions are made by the leader of the club.
You certainly could, but you would also need to rebalance core-components yearly and non-core components as often as quarterly. When you invest with us, you don’t need to worry about all of that. Additionally, you would not benefit from any market premium over the value of the underlying assets of the Fund. Lastly, you wouldn’t get to take part in the fun of being part of our community, giving your opinion, getting exposure, helping others, and being part of something new that has never been done before. We hope you’ll join us!
Bitdollar Fund will have a 2% management fee per year and a 5% performance fee per year. As time goes on and we get more assets under management through subsequent phases of our ICO, we plan to reduce the management fee to as low as 1%. Our intent is not to maximize profits operationally via fees, but to optimize the value of the coin (or its market premium) by increasing its overall appeal and popularity in the world.
Bitdollar Fund is limited company that is registered in the Cayman Islands.
Overall, we intend to provide clarity to the cryptocurrency community by guiding fundamental analysis and facilitating research, while at the same time providing a relatively safer entry point for new investors. We want to be the organization that brings cryptocurrency to the masses in a responsible way, by simplifying the initial choice of which crypto to pick while also providing great community and educational resources to learn from about the field to get started. We also hope to become a trusted, respected, and everlasting institution of the cryptocurrency market that will help “self-regulate” crypto in that it will try to protect investors from bad investments on a fundamental basis by holding these organizations accountable and performing the necessary due diligence on them.
During Phase 1 (2021), we intend to market Bitdollar Fund to the cryptocurrency and finance communities, targeting those that already have experience in cryptocurrency or finance. In the year 2022 and beyond, we intend to have more of a mass market advertising approach targeting primarily millennials that have no experience in either cryptocurrency or investing/finance.
In terms of our brand, we want to be different than everyone else. First and foremost we wanted a name and logo that were catchy, distinctive, and easy to remember (which for some odd reason seems to be rare in crypto). Not only do we want to be perceived as futuristic or innovative like everyone else in the industry, but we also want to be perceived as youthful, cool, and luxurious in order to eventually bring cryptocurrencies more mainstream. We are confident that we have the overall vision and the team in place necessary to accomplish this.
Bitdollar Capital is the management company, or administrator, of Bitdollar Fund.
Yes, we plan to release our 2nd fund, the ICO Innovation Fund, or i2 Fund, after the successful launch of Bitdollar Fund. As is the case with Bitdollar Fund, i2 Fund will be a collectively managed fund as well, however this time the investment focus will be on innovative ICO investments. The cryptocurrency for i2 Fund will be iCash and will be a safer way for those that are new to cryptocurrencies to get exposure to ICO investment opportunities.
Bitdollar Capital intends to be a force for good in the cryptocurrency markets by providing clarity regarding blue chip cryptocurrencies and ICOs, therefore reducing the number of bad investments made due to the power of investing by consensus. Bitdollar Capital does not intend to be a fund factory motivated by operational profit and prefers to focus on its 2 planned funds by administering them well.
The Bitdollar Index is a present state gauge of the Fund’s core cryptocurrency components weighted by market capitalization and rebalanced quarterly. The desired outcomes for the index are to provide a good barometer to compare the Fund’s financial performance with, to increase awareness of the financial performance of the best cryptocurrencies in terms of fundamentals, and to become known as the Dow Index of cryptocurrencies
The Bitdollar Index is calculated by starting with $1,000 US Dollars on a day (ex: January 1, 2020) and allocating to the core components of the Fund on a market capitalization basis. The index is then rebalanced quarterly for changes in market capitalization and the addition or removal of cryptocurrencies.
The logic is simple really. The Bitdollar Index is the best cryptocurrency index because it is decided by the people, or the cryptocurrency community itself, and not some group of individuals in a room somewhere. That already clearly sets it apart from the competition.
In addition to that, a financial index should be flexible in an immature financial market such as cryptocurrencies, and the Bitdollar Index is just that. Please see our white paper for more details on why a financial index should be flexible in an immature market.
Fundamental and technical analysis are two different ways of analyzing a financial market or financial instrument. Fundamental analysis is based on the factors that should have the ability to affect the given financial instrument’s value. Corporate profits for stocks and supply changes/shocks for oil would be examples of fundamental factors impacting value.
Technical analysis uses indicators on price charts to try to determine where the price will go next. Even though there are many that criticize technical analysis for a multitude of reasons, it is hard to deny that certain price patterns tend to repeat themselves. For this reason and the fact that there are enough market participants that believe that technical analysis matters, technical analysis tends to matter in more mature markets.
More experienced traders and investors use varying combinations of fundamental and technical analysis, but fundamental analysis is associated more with long-term investing, whereas technical analysis is more associated with shorter-term investing or trading.
The number of transactions and transaction volume should be the most important fundamental factors for a cryptocurrency since it reflects the level of demand for it.
Our argument is that if a fiat currency’s value (relative to other currencies) is a reflection of the activity within its economy, then a cryptocurrency’s value (as a store of value and medium of exchange) is a reflection of the activity within its economy, or on its blockchain or decentralized application. This activity is represented in the number of transactions and transaction volume. As a result, in attempting to forecast the future value of these cryptocurrencies on a fundamental basis, the most relevant question to ask is what is the organization doing to increase the number of transactions and transaction volume on its blockchain or decentralized app in the future? Additionally, when assessing these organizations on a fundamental level, another important question to ask is how much have these entities actually achieved compared to the hype surrounding them?
Absolutely! Differing views and healthy debate in the fundamental analysis of cryptocurrencies are fully welcomed at Bitdollar Fund.
All chats and debates in our forums must stay respectful. All registered investors that violate this culture of mutual respect in our forums could face the loss of rights such as the ability to post videos or in the forums, as well as potentially losing the right to vote.
It’s pretty simple really; treat others how you would like to be treated and be respectful. Do not act childish toward your fellow registered investors or call them names. Doing these sorts of things will result in the revocation of your registered investor privileges, and repeat offenses will result in more privileges lost and could result in losing your registered investor status altogether. It is imperative that everyone in our community treats each other respectfully, and we will highly enforce this going forward.
We plan to facilitate research on the fundamentals of cryptocurrencies by making it easier to access information. As of now, prices, charts, news, forums, and videos are spread out over many different websites. This can be confusing for some, especially those that are new to cryptocurrencies. We intend to have all of those sources of information cleanly available within one site or mobile app for the convenience of our investors.
All cryptocurrency components of the Fund will be added via quarterly or annual elections where investors will decide whether or not to add a new cryptocurrency to the Fund. The core components of the Fund must have between 3 and 30 cryptocurrencies within it, while the non-core components must have between 3 to 5 cryptocurrencies within it. No more than 2 core cryptocurrency components can be added in a given election, and no more than 1 core cryptocurrency component can be removed in a given election year. Please see the Bitdollar Fund Constitution in our white paper for further details.
Absolutely not! We are quite sincere in what we are attempting to accomplish and we truly believe that we can be a great asset for the entire cryptocurrency community by providing clarity and bringing on new investors in a safer and more responsible way. We want to be a force for good in the cryptocurrency community, and ideally, it can one day become a permanent self-regulating institution of the cryptocurrency market.
We are also far from a money grab. Assuming all phases of the ICO sold out, the founders would only receive 5% of all coins in supply. This is far lower than other ICOs out there and should not be considered egregious in this case. However, the founders of Bitdollar Fund and Bitdollar Capital do need to be rewarded for the originality of their concept and their hard work, and hopefully granting 5% of all tokens to the founders should be considered very fair by everybody.
The Bitdollar Fund team is concerned about the dilution of investors’ underlying assets going forward and is committed to keeping such dilution low while at the same time being able to finance our operational objectives. Dilution decreases as the phases of the ICO progress. Once all phases of the Bitdollar Fund ICO are complete and assuming that all phases sold out, the founders will receive a total of 5% of all tokens in supply. This is far less than many other ICOs out there, and should not be considered egregious.
The founders of Bitdollar Fund want to be transparent in providing their services to the cryptocurrency community, and will only dilute investor funds to the extent necessary to achieve the goals of the Fund. Rest assured, dilution is not something we take lightly, and we will do it to the least extent possible as we grow and progress through the phases of the ICO.
Phase 1 of the ICO is anticipated to start in 2021. The dates of Phase 1’s pre-sale and main sale will be announced following the completion of the private sale phase, which is currently in progress.
You can click here to begin the process. You will need to fully complete the registration process as well as KYC/AML background checks in order to become eligible to participate in the ICO.
Residents from the United States, Canada, Cayman Islands, Estonia, China, South Korea, Singapore, and New Zealand are not eligible to participate in our ICO at this time. We hope to work with the regulators in these jurisdictions to become fully compliant in the future in order for citizens from these countries to be able to participate in our ICO in future years.
No, the only investment contributions to the Fund will be in cryptocurrency. No fiat currency or cash will be accepted.
All tokens generated during the pre-sale will be sent to the investor as soon as possible, typically within a week. All tokens generated during the ICO will be sent to the investor immediately after purchase.
There are two ways to withdraw your funds. The first option is to sell your Bitdollar at an exchange where you will receive the best price for it. Alternatively, if you would like to sell your Bitdollar for only the value of the underlying cryptocurrency assets, you will be able to do so via the withdraw function on our site and app. Withdrawals will be processed within 24 hours or the next business day. To get the best price for your Bitdollar though, you should sell it on an exchange for its full market value and not just its underlying value.
Due to the extreme levels of volatility in the cryptocurrency market, investing in cryptocurrencies should be considered very risky, and you should only risk what you can afford to lose.
With high risk comes the potential for high returns though, and those that got in early on the major cryptocurrencies of today would certainly tell you that it is a great investment regardless of the higher level of risk. At the same time, there is a lot of hype around cryptocurrencies at the moment and there have been many ICOs that have taken advantage of investors through scams and deception. The cryptocurrency market is very immature and has a high degree of confusion at the moment, and we hope to make it more mature and provide more clarity to all.
At the bottom of this page is a form to contact us, we look forward to hearing from you!
You can also chat with us on Telegram @BitdollarFund.