ATCCOIN is a new age Venture Capital platform that disrupts traditional norms of fund raising for startups by leveraging cryptocurrency and blockchain technology. The ATCCOIN Platform solves some of the inherent drawbacks in the traditional VC model that prevents participation of (regular?) individual (small) investors who are not active early stage investors; or lack awareness about the latest developments in the VC ecosystem.
Err, I didn’t know that the VC model had any issues, they are always in the news these days. What could possibly be wrong with the current VC model?
Issues (for investors) with the current VC Model are:
- Liquidity and ability to enter/exit is very prohibitive
- No Direct access to “hot deals” or promising start ups
- The technical talking is hard to be followed by an individual investor?/Unlike expectation, no community build or access to market to grow the startups
- Direct participation from Startups growth like shareholders
So how does ATCCoin solve the problem?
ATCCoin allows small ticket investors to have the opportunity of a VC, and hence have a spread de-risk of startup investment to many. ATCCoin resolves the issues by simulating a “secondary trading market” for traditional VC/Private Equity (PE) Fund model, thereby solving the core issue of Exit in a start-up. Core Concept of ATCCoin Platform makes it easy for individual investors to have entry and exit liquid.
Can You Explain more on Startup investments?
Sure, our team of seasoned VC fund managers and technocrats are able to identify promising start up opportunities early and also invest and manage the portfolio of such start-ups. We simplify the process of decrypting the business and financial results of such companies and shall provide a frequent update to our investors on the progress of the companies in the portfolio thereby making it easy for the investor to take the decision on how to manager his or her asset position.
Does ATCCoin have some Revenue model built in?
Investors will buy ATCCoin, which will be invested into Start-ups, Pre-Seed, Seed or Series A (and Series B?) companies. A portfolio will be created and presented through the portfolio performance report every quarter. When a portfolio shows a positive growth through the growth in the underlying companies, it will be monetized by issuance of ATCCoin, which would basically capture the income generated from the portfolio. The concept is very simple, when the start-ups make money as in 5X or 10X return as presented in the quarterly reports, ATCCoin will be mined for those profits and will be paid in the form of dividends in their ATCCoin Wallets. The investors will have liquidity to sell the coin peer to peer or in the exchanges.
So you are offering two coins!
Yes, we are offering two coins, ATCCoin which is the asset back coin linked to the equities in startups and ATCCoin— the revenue coin generated from the appreciations of the investments in startup.
What is ICO?
ICO stands for “Initial Coin Offering” and it is a means of raising crypto-capital through a crowdfunding campaign by distributing token to the contributors. A digital asset or token is issued for a specific purpose with platform utility in mind. After the ICO process is done, the tokens may be used in a platform or traded on crypto-exchanges, with market supply and demand deciding on its fair value.
ICOs have been a popular way of raising funding in the past years. However, the common issue with most ICO’s is that the value of these Coins are only relevant if they are used heavily (since usage drives demand) and such demand and supply mechanics ultimately provide the appreciation of the Coins.
Ok, so what’s different with your ICO?
What ATCCoin does is turn the whole ICO paradigm on its head and provide a platform that bases the value of the Coins against the balance sheets or valuations of start-up companies that is used as the underlying asset. Every 3 months, enterprise valuations and progress of these start-up companies are provided to the Investors in an easy to understand manner. This information combined with a platform that facilitates easy trade of Coins between investors allow the creation of the “Enhanced Secondary Market” where Investors can trade their positions easily among each other.
How will the price of ATCCoin get determined on the exchange?
Efforts would be made to get ATCCoin as a medium for facilitating exchange for availing goods and services, thereby driving its usage and demand. These measure will result in the market forces of demand and supply setting the price on the Coin while ATCCoin value grows or decreases based on the performance of the underlying assets – i.e. valuation of the start-ups to which the funds were allocated and its usage as a medium facilitating exchange.
Why are you starting with a Private-Round?
The purpose of our Private-ICO round is to ascertain community interest regarding our platform and obtain pre-seed funds for our aggressive marketing strategy plan. It will also help to fine-tune the product, project or proposition from the evolved investors to ensure its de-risked for the small investors. Private round will allow us to avoid traditional venture capital funding, and still obtain some leverage before launching our full-blown ICO.
How will I receive the ATCCoin after I send my contribution?
If you are an investor and have otherwise invested in traditional investment choices and are looking to branch out to the VC asset class, we are your right choice. Our minimum investment size is USD 5,000, so the barrier to entry is minimal. In addition, Cryptocurrency has proven to be a very large investment opportunity as proven by Bitcoin, Ethereum and the like. Combining this trend, with our team of seasoned investment professionals who can identify exciting start up opportunities and nurture them to maturity; we have a formidable proposition that should provide a high return on the investment raised.
Ok, how does it attract the founder of a “hot” start-up?
If you are founder or a start-up, we are a destination of choice for you as a friendly VC who is able to provide better exit and liquidation options and also a market place where your ideas get instant rating through a network of investors. Unlike most VCs we are also a green source of funding not just for your seed or A round, but also future rounds to come. We work as partners with the founders and structure the investments into the company which can be in the form of equity or quasi-equity investment. Thereby creating a win-win situation for both us and your start-up.
Ok, so what is your fee structure? Is it transparent?
Our business model is very transparent and exactly the same way as how a mature stage VC firm would behave from a compensation perspective. Fees will be deducted from the ICO and Pre ICO funds as following:
- One time ICO and Pre ICO related fees: ICO Management Fees 5% of total ICO.
- Marketing, Legal and Mobilisation Fees 9.5% of the total ICO.
- ICO Funds is allocated to ATCCOIN Charity: 0.5%
- Annual Fund Management Fees 3% (charged upfront)
- ATCCOIN Prive Investment UK will have a 20% share (as management bonus) in the carry upon successful exits from any investment made by the firm.
- 2% of the gains from such successful exits would be allocated to ATCCOIN Charity for CSR activities.
Why invest only in Start-ups, why not mature companies?
Our team’s DNA is early stage and have considerable experience in high risk high reward investments. We also feel that to be able to give the investor a super high return, early stage is probably the best avenue to deploy capital, so long as you are judicious in balancing your portfolio. There have been many instances of over 100x returns on initial capital deployed in early stage start-ups.
There have also been numerous cases where start-up companies have gone bust leading to erosion of the Investors’ investment. However, we strongly believe that if you follow a sane investment approach balancing a portfolio with very early stage, early stage and growth stage bets, we can mitigate the risk and also optimize on a high return of investment.
How are your coins issued?
50 million ATCCOIN have been mined out of the total 250 million ATCCOIN that will be mined over 20 years. The pre-mined token distribution is as follows:
- Management and Board of Advisors holdings: 7.5 Million
- Marketing and Endorsements: 2.5 Million
- Token sale: 35 Million
- Treasury Reserve: 5 million
All future coins will only be mined when a collection of startups has been identified during the preset investment days. It will be generated via a unique address for you in your favorite crypto flavor, you will be using this address to deposit your investment. Any transaction using the given address will count as your contribution to the project.
What is your mining process? How it differs from Bitcoin Mining?
ATCCOIN will issue a sum of 250 million Coins i.e. the total supply which will be mined over the period of 20 years. The ATCCOIN founding and operating team would be responsible for mining operations and will carry out the mining process only when good startups are gathered, and further amount needs to be raised for these startups. The decision of mining won’t be unilateral, but, would be based on the democratic voting system. ATCCOIN will only be mined as and when a collection of startups has been identified during our set investment cycle. In case we don’t have capacity startups or businesses of worthy investments, ATCCOIN will be held and no mining operation i.e. new tokens would be issued.
This system would allow the investment committee to initiate the mining process when required. The funds raised through these newly mined ATCCOIN tokens would only be used to take equity positions in the newly identified target investments.
What is Investment Committee?
The Investment Committee manages the investment and mining decisions for the ATCCOIN community and ecosystem. The committee would help educate its membership and provide an outlet for them to develop financial and managerial leadership within the group. This process will include a mentorship program at the beginning of each year designed to teach newer members about the basics of our program.
The investment committee will be managed by all concerned investors from these areas:
- a) ATCCOIN founding team.
- b) Executive team.
- c) Board of advisors.
What is going to happen in case you are not able to collect the estimated funds?
We will continue developing the ATCCOIN platform with any collected ICO proceeds, following our tentative roadmap of operational development. We already have a sufficient number of preliminary agreements with supporters involved, which allows us to count on the worthy results of this crowd Sale.
I am a US or Chinese citizen. Can I participate in the ICO?
Unfortunately, US and Chinese citizens and residents are not allowed to participate in the ICO due to the Security Law restrictions in these countries. We wholeheartedly respect all country laws in all locations we operate, and urge you to obtain more information regarding specific financial laws in your jurisdiction.
You can participate in the ICO if you are neither a U.S. and citizen nor permanent resident of the United States or China, nor have a primary residence or domicile in the United States, including Puerto Rico, the U.S. Virgin Islands, and any other territories of the United States. The same rules apply to all Chinese residents as well.
Are ATCCoin Coins Tradeable?
Yes, Access tokens as well as ATCCoin tokens are tradable through third parties.
Is there a minimum investment stake?
Yes, our current minimum investment stake is set at $5,000 USD.
Is there a maximum investment stake?
Not at present. However, if you plan on contributing a significant amount we encourage you to contact us directly before the round opens, as we have a limited percentage allocation for private backers.
I want to participate in your ICO.
Can I contribute with fiat currency (eg: USD, EUR, GBP, CHF, RMB)?
Unfortunately, we can only accept contributions in Bitcoin, Ethereum, Litecoin, Coin.
What are the ICO timelines?
ICO Whitelist registration will be open from — of —month—,2018. ATCCOIN Pre-ICO sale will start on —th of Feb,2018, and end on Feb –, 2018. The ICO sale will then start in — 2018.
Are there any bonuses available during the ICO?
During the ICO there will be an active bonus structure which will be derived from a combination of two parameters: size of participation (same throughout the entire ICO) and time frame of the participation (this will actively change on day to day bases), so the earlier and stronger your support is – the more generous the bonus looks.
What wallets can I use to receive tokens?
Based on a dedicated blockchain i.e. Cubeuron, ATCCOIN can only be held at dedicated ATCCOIN Wallet. However, the good news is, when a startup appreciates in its value over the time, the ATCCOIN wallet holder will receive bonus in the shape of ATCCOIN.
Will there be a lock-up for the tokens issued during token sale?
Yes, tokens are non-transferable until the ICO is completed.
Will the ATCCoin token be listed on exchanges and when?
ATCCoin token will be listed on leading crypto trading exchanges after the ICO ends.
How can I get ATCCoin ?
Other cryptocurrencies can be exchanged for ATCCoin during the contribution period.
1 – Buy any of top 5 Crytpos i.e. Bitcoin, Ethereum, Litecoin, Ripple and Monero by signing up to a cryto-wallet, cryptocurrency exchange website, localbitcoins or crypto trading platform website, any of these avenues will allow you to deposit and exchange FIAT currency (USD, EUROS, etc..) into Bitcoin or other crypto-currencies.
2 – Once you have converted or exchanged your money into crypto-currency you can now use the SEND function in your wallet to purchase ATCCoin Tokens.
3 – Login to http://atccoinplus.com, once you’re in the investor panel, ATCCoin choose what crypto you will use, copy the crypto-currency public key and paste it in your SEND field of your wallet, and send payment.
4 – Once you’ve sent the payment you would have to make sure you provide the transaction ID and Receivers token address.
5 – Be attentive when sending crypto-currency: make sure you copy and paste the correct key, ETH to ETH, BTC to BTC, etc. if you copy and paste the incorrect cryptocurrency, for example, ETH to BTC, your payment will not process and it will be lost.
What is a Bounty/Referral Campaign?
A bounty campaign is a PR event when a project is being promoted by its participants. Usually, a term “bounty campaign” is being used in ICO (Initial Coin Offering) crowdsale campaigns. The membership in such campaigns is being rewarded with blockchain tokens offered for sale during an ICO. Therefore, each user can participate in a bounty campaign and get a reward.
How does the Referral Program Works?
We are launching a referral/air drop campaign for expanding our community. For this purpose, we have created a white listing and referral form (available on our website) using which a person can invite other crypto enthusiasts and earn free ATCCOINS. Currently, ATCCOIN coin is valued at USD 2. We would be offering 1 ATCCOIN to every member for joining our community, and he can further invite 20 members. For every 2 members, he will get one ATCCOIN as a referral incentive. The program will last until first 30K Subscribers (can be increased later)
Can You give me an Example?
Mary Joins our social media groups/pages (all groups not just telegram) and fill the form. She gets 1 ATCCOIN.
- She invites 20 friends (no more than 20 referrals are allowed to join).
- For every 2 person joining our pages, Mary also gets 1 ATCCOIN.
- So in total, after 20 people successful join our group, Mary gets 11 ATCCOIN in total.