These funds reap the benefits of both crypto and fiat investments: the crypto space provides transparency and enhanced liquidity, while the fiat side offers diversification and access to the multi-trillion traditional assets market. Allen & Overy, will we are told, provide the Blackmoon team with expertise regarding the integration of the cryptosphere and the financial world.
We’re all familiar one way or another with unsuccessful ICO projects. From July 1 through September 25th, 2017, 51 ICOs launched with high hopes and big promises, yet failed to meet their own objectives. These companies represented an astounding 59% failure rate for all ICOs during that time period, where the blame fell mostly on the leadership.
Blackmoon hopes to put an end to these schemes and false promises by establishing trust in the FinTech blockchain industry. It builds this trust by embracing the Ethereum blockchain, which establishes a contractual relationship between different parties, based on democratization, decentralization, and trust. Transparency means that investment funds will no longer be labeled as “black boxes” for investors, with reports of intentional schemes, unknown motives, and other potential problems.
Blackmoon aspires to create a new and obtainable ledger for investors in order to negate the problems associated with traditional funds. In the Blackmoon economy, investment managers would be able to run a crypto fund without having to go through the hassle of creating a legal infrastructure. This effectively eliminates the barriers for a crypto fund creation, an aspect that is an important milestone in bridging the fiat and crypto economies. Crypto funds are more cost-efficient than the traditional way of investment, due to low infrastructure and setup costs.
Blackmoon has already raised $30 million after holding a successful ICO for its issued token, the BMC. BMC holders who enroll as continuous contributors will receive an immediate revenue stream from the first fund created on the Blackmoon Crypto platform. Blackmoon will establish different funds in collaboration with external asset managers and by this, will expose investors to both the broader crypto market and traditional funding. Additionally, Blackmoon has a proven track record of solid, double-digit returns in euros to its investors.