Account Growth
Over the past 2 Seasons we have approached and then surpassed the first Benchmarks for account growth and investment.
Firstly, Account Growth: From Inception, Initial Funding ($20K), and finally to the Phase II threshold. ($25K in TAV) This has all happened much faster than I could have ever dreamed; all while maintaining the value and integrity of the ASII token as well as keeping 90% of the tokens in the account. (ASII-rentals holds 18,000.6 of the 20K Issued ASII Tokens)
Secondly, Investment: Beyond the Initial (Angel) investments of $20K to get this Fund setup and running- we have had 15 people invest a total of $2K into the fund and begin reaping the benefits of HODLing the ASII Tokens.
Each of these were Benchmarks for the Fund to move from Phase I to Phase II ($25K of TAV and 10% of Issued Tokens sold) as outlined in the 'Roadmap to Maturity': @axrho/the-phases-of-asii
Token Issue/Release
Given the amazing growth in both earnings and TAV (Total Asset Value) and the fact that we have hit both the Benchmarks for Phase I- it is time to both Issue more ASII Tokens and Release more for sale. As per the guidelines setup for the Fund- the initial sale of these additional Tokens will, first, be to current HODLers of the ASII Token. Since the TAV of the account(s) has increased by 20% from $20K to $25K, the amount of Tokens Issued will increase from 20K to 25K. At the same time, the percent of Tokens held by the ASII-Rentals account will decrease from 90 t0 80% of the outstanding Tokens.
This Means: 5,000 Tokens will be issued to ASII-Rentals, in order to reflect the increase in TAV for the account. Also, 3,000 of those Tokens will be offered for sale by ASII-Rentals.
For the Private Offering of these Tokens, we have come up with a formula that seems fair to all involved: Current HODLing + 75 Tokens.
As you can see from the above chart- of the 3,000 Tokens available for Distribution: 3,124 Options are being offered to current HODLers. The discrepancy between those 2 numbers will be handled in 2 different ways:
First Come, First Serve: Each HODLer who contacts me/purchases their allotment will receive their full allotment. If/when the amount taken approaches the MAX for released Tokens, the amount allowed for purchase will drop- to a minimum of 75 Tokens/account. I will update both this list and the Discord for ASII as orders come in/are filled. (https://discord.gg/tYAbrADNsu)
IF, after 7 days, the Options have not been filled- they expire. Any Tokens not taken in the first round of sales, will be offered to any HODLers who did fill their allowed amount. (in order from first to last)
Any Tokens (of the 3,000 available for Release) not sold through the Private Offering, will be listed on HE at a significantly higher price- after EOS.
The current pricepoints are:
1 SWAP.HIVE/ASII during the Private Offering
1.334 SWAP.HIVE/ASII on HE (last sold price)
Contact Me
I am available through Discord (https://discord.gg/tYAbrADNsu) or here.
If anyone is interested in investing in The Cardlord Fund beyond current HODLers- reach out to me and any leftover Tokens can be purchased at the Private Offering price, before they hit the open market.