In light of the events surrounding the explosion of the Ethereum based game CryptoKitties, digital asset securitization company CyberTrust is preparing a prospectus for the release of its newest securitized product, a Collateralized Cat Offering (CCA).
The inordinate opportunity presented itself just a few days ago when the game was released. No one could have expected its network crippling power, nor the explosive value of the cats traded within. Now investors will have a chance to secure their investment tier in this forthcoming trade.
A CCA is structured like a Collateralized Debt Offering, which were all the rage in 2008. We all know it was the banks which messed up the beauty of CDO’s back then. If they had been on the blockchain, there would have been RULES. These cats are governed by smart contracts, they are immutable, ergo decentralized!
It’s all going to turn out ok…
CyberTrust has already started to acquire a portfolio of CryptoKitties, which it will the bundle into tranches and sell off to cat loving investors around the world. The tranches will go as follows and present the following expected returns:
Abyssian — 9000% a year
Bengal — 200% a year
Cornish Rex — 50% a year
Donskoy — 25% a year
Persian — 5% a year
Commenting on the situation, CyberTrust Managing Director Evgeny Xata said to reporters
“this securitization opportunity just picked itself up out of nowhere. Last week, I didn’t even know about these digital cats. Now we have hundreds of them!”
He also said that he was excited to sell out of the CCA and that the major buyers have been banks and feline enthusiasts so far.
By buying up hundreds and then selling tranches, CCA purchasers can choose the amount of returns and risk they would like to take on. The majority of buyers have been in the Donskoy and Persion tranches so far. Paul Roy, from American Trust Bank was quoted as saying
“Cats? Yah I’ve got one, but these are on the blockchain! You can’t go wrong here.”
The first CCA offering will go to public auction at the end of the month and investors will be able to instantly trade their Cats on the Irish stock exchange in second half of next year. For more information and to find out how to purchase a CCA go to CyberTrust.io.
Website: CyberTrust.io
Whitepaper: https://www.cybertrust.io/CyberTrust-WhitePaper.pdf
Telegram: https://t.me/cybertrustbank