Just a few years ago, Bitcoin was introduced to the world as a form of currency. With little support at the start, the Bitcoin industry was even being mocked as a one-time currency that was due to fail. Well, it’s 2017, and the currency is still here with us, though not as appreciated and used as other forms of currency. The coin is highly valuable with one of its unit being equivalent to almost $2000. Lately, though, the world of cryptocurrencies has expanded and is showing signs of improvements. Recently, they have introduced new transaction types with one being in the limelight, the ICO. The Initial Coin Offering is like the IPO in the money stock markets. It is a tool that is involved in the trade of future crypto-coins, with the aim of, or in exchange for immediate value.
Judging by the remarks of radio host celeb, Chris Waltzek, the hedge fund is making quite a success, as a decentralized hedge fund. While interviewing the company’s managing partner and also its founder, the radio presenter said that the idea was for the future and that it was quite long since he heard such a fresh idea on the table. Another media giant, the Huffington Post described the fund’s ICO as a “billion dollar baboon.” The company has also achieved being the first company with a ten digit crowd funding campaign which will see it rise in this rather interesting new currency world.
So far the company has distributed its ICO to the public, and the top tier of the company also distributed COEVAL tokens to friends and family, who will buy their stock options at a relatively low rate. The company is led by Daniel Harrison, an innovator who has greatly shaped the crypto-currency world.