Blockchain Based Startup Fund, BitcoinGrowthFund Raises $2.5M
BGF invests collective capital in upcoming startups operating in fields such as blockchain, internet of things, loyalty programs and other innovative technologies with growth potential and shares returns with investors.
BitcoinGrowthFund (BGF), blockchain based startup fund for Venture Capital Industry has been successful in raising more than $2.5 million as a part of its initial Coin Offering (ICO).
BGF launched the ICO on 27th April, 2017 in Bangkok and within 24 hours had received 1.6 million dollars of investment from retail investors globally. ICO is like an ‘IPO’ where investors get coins/tokens instead of shares in a company or fund.
BGF is a blockchain based venture capital fund where regular/small investors invest into the fund by buying tokens named “MCAPS” and the fund collected are invested in the mining of various cryptocurrencies like DASH, Ethereum, Monero, Litecoin, Z-cash, Bitcoin and others. Also, part of the fund is further invested in upcoming ICO’s of interesting blockchain projects based on analysis. Mcap owners are paid dividends monthly based on returns earned from investment in these activities.
Arvind Sehmay, Director – Communications, BitcoinGrowthFund says, “We received an overwhelming response to our ICO and we were able to raise 1.6 million dollars in the first 24 hours itself. BGF is a liquid fund targeting investments in Crypto-currency mining and startup ecosystem. We provide investors (regular/small) opportunity to invest in Crypto currency ecosystem through purchase of our Mcap tokens. Mcap owners are entitled to monthly payouts based on fund’s performance. Token owners can also trade and exchange these token amongst themselves and other users anytime.”
Bitcoin Growth Fund is a startup fund that is utilizing the power of blockchain technology to revolutionise venture capital industry. It is the world’s first publicly traded private equity which gives small investors an opportunity to invest in big businesses in small amounts and earn great returns.