So far, token buyers have not had an easy life in the ICO market. They receive conflicting information about existing projects or hear about them only at the very last minute. They can also be disturbed by the turbulence of the sector such as the almost daily fluctuation of cryptocurrencies. Soon, they will be able to benefit from advice from professionals thanks to the Befund Service platform which has just announced the start of its crowdsourcing), scheduled for May 16, 2018. The Cryptocurrency Fund Services Decentralized Platform will provide solutions for potential token holders, cryptocurrency funds, blockchain entrepreneurs and general fund managers, as well as all other parties. interested in taking advantage of the benefits of this innovative project, which aims to revolutionize the cryptocurrency market.
The moment could not be better chosen. For a long time token holders have been guided by blind faith and have been victims of various scams. It sometimes happens that carriers of ICO disappear with the fund. In other cases, ICO projects have been rushed without any testing of the products or real underlying services. Tokens buyers often lack the time or expertise to properly evaluate projects that interest them.
The Befund platform looks at these issues, drawing on the expertise of its team of venture capitalists, with deep expertise in due diligence, management and technical expertise. The main goal of the project is to build a blockchain-compliant and standardized cryptocurrency fund service platform for fund managers and token holders, both large and small. It targets the global market, paying due attention to the different legal requirements in the relevant jurisdictions.
The Befund platform intends to provide a technology solution for users and fund managers interested in creating their own cryptocurrency funds, enabling them to issue tokens for use at ICOs. The platform also plans to offer behind-the-scenes services to help fund managers manage all aspects of their funds, including investment, management and compensation assistance. The platform consists of two parts: a technology solution for the fundraising platforms, and a management toolkit for cryptocurrency funds including cryptocurrency portfolios and a software tools platform as a service ( Software as a Service or SaaS).The end goal is to build its own financial ecosystem based on a public blockchain to facilitate cooperation within the financial industry. The platform's public channel (known as BFDChain ) has been specifically designed for the financial sector and will enable the creation of decentralized financial applications to improve coordination and collaboration within the financial industry.
The team is also working to provide the platform users with compliance audit services , which will ensure the sustainability of the funds running on the platform. Befund customers will have access to cryptocurrency appraisal reports and will be able to participate in platform-sponsored offline communication activities, seek cryptocurrency financial planning advice, interact and meet personally with industry gurus, including representatives of global angel, hedge funds and private equity funds.
The Befund platform will be driven by the BFDChain Token (BFDT). Users will need BFDT to participate in tokens sales created with Befund's technology solutions and realized on the fund subscription platform. The BFDT token will also be needed to access the "smart contract" modules and templates in the Befund Management Toolkit. By taking advantage of the appropriate options embedded in certain platforms built with Befund's technology solutions, the main holders of BFDT may be entitled to participate in anticipated and exclusive sales that will be made on the platform by cryptocurrency funds.
Commenting on the project's objectives, Khalil Lin, Befund's Director of Overseas Operations, said:
"We want to transform the financial sector by using the blockchain to eliminate geographical constraints and improve communication and trust between global funds and international investors. A new trend is emerging in which users designate professionals to manage and invest their cryptocurrency funds, and to support this new evolution, we are building a highly relevant toolbox of solutions and services. We also note that silos in the financial sector lead to inefficiencies and poor cooperation. And we believe that by introducing our powerful public financial chain and using a single token to connect market players, we can help improve the situation and change the current industrial landscape. Finally, we are confident that our platform can play a positive role in the global financial system: people around the world will have much easier access to powerful financial tools to manage their assets in crypto, which in turn will expand the base customers for cryptocurrency funds in general. "
While crowdfunding is about to start soon, Lin also mentions some of Befund's initial agreements, as well as short and long-term plans:
"We intend to launch our subscription platform solution (Befund.io V1.0) in June. We already have pre-orders of funds for the solution. We are also entering into agreements with several funds to use our technology solution to issue their tokens, and we signed with a crypto exchange to list our token once crowd funding ended. "
A maximum of two billion BFDTs will be issued, including the sale of 9% of tokens to strategic lenders, a 25% private placement for our whitelisted buyers, in accordance with our KYC procedure, as well as the distribution 20% to the Befund team. In all, 800 million BFDT will be sold.
To learn more about Befund and its crowdfunding plans, visit http://www.befund.io/