It is difficult to find a more controversial virtual currency than the IOS currency, after it managed to raise $ 4 billion early last month through the "ICO" process, and then devalued the currency by 40%.
Comedian John Oliver has made fun of a HBO program of this currency aimed at developing a software platform based on the Balochine technology to run software that supports the industry. Fortunately, Oliver's mocking did not discourage Maltquin Capital, a hedge fund for digital assets, and Union Square focused on Eos, the largest hedge fund fund for $ 75 million.
One of the founders of Maltecuin Capital, Kyle Samani, said the company still kept the currency, explaining that the launch of the currency was not done as desired but at the same time was not bad people say.
Samani acknowledged recent bottlenecks that were the cause of the OOS currency damage, including system errors that led to temporary closures and problems among developers. But he explained that these errors are possible and will be overcome.
Samani cited the currency of the etherium and the problems it was exposed at the time it was launched three years ago and is now the second largest currency after the Pitcairn and occupies a major position in the hedge fund "Maltecuin Capital". It was released in 2015 without any tools or infrastructure. While the situation is better than that for the currency "EUS".
MaltecWen Capital is different from other encoders, betting on defaults that are expected to fall in price and staying away from some other currencies. In March, the fund moved away from the major virtual currencies, and this decision came to fruition after the Pitcairn and its peers dropped by about 35%.
Currently, the fund reduces the currency of Reebel and Leitcoin, Samani said in response to this. The currency of the Litcoin has no reason to exist and continue in the market because it is just a subsidiary currency of Betquin. As for the ripple, Samani believes that US lawmakers will classify it as securities, which will negatively affect the currency.