As being sincere creatures we always work in such a way that our nature of working could be improved. People invest in the companies and startups but actually, they invest in the idea, they invest in people who will work relentlessly to execute the idea. It is the potential of that idea that drives a person to invest in a small startup. Generally there is a very long wait in today’s startup world before an investor, in order to reach the conclusion about his investment. The frequency of exits is less due to which investors become a little worried about the future.
An innovative solution to the chronic problem faced by the investors has been proposed by Hackers/Founders, it known as "Hack Platform". It is a highly liquid investment platform which is based on blockchain technology, which is used and implemented to manage the liquidity obtained from investor payments. At present they have more than 50 companies in their portfolio.
Hackers/Founders (H/F) created HACK to bring its successful approach to the blockchain, increasing accessibility and liquidity for investors. Hackers/Founders manage a portfolio of post-product stage tech companies, and provide services in exchange for equity. Equity is combined into funds and offered to investors. Its first tech entrepreneur group was launched in Silicon Valley, and over the past decade, the community has grown to more than 300,000 people in 133 cities, across 48 countries.
Why Hack Fund?
To make startup investing available to people around the world and who are at all levels of investing, Hack Fund uses blockchain technology which is very safe and secure.
Hack Fund offers risk diversification.
A proprietary startup program by the creators of Hack Fund yielded growth of 30% year over year for the last five years and has had seven exits out of fifty-five companies around the globe.
$1 million worth of stock from existing H/F funds 1 through 4 will be contributed by the team so that without having to wait for the fund to acquire strongly performing assets, investors can buy into Hack Fund.
Token:
The HACK token is the central key for all the transaction on the platform. It is based on the Ethereum Blockchain. It is based on ERC-223 standard which is an updated version of the ERC-20. Its price will be 1 HACK = 1 USD. Hack is a tradable token that can be used for participation, representation, roof of membership in Hackers/Founders, or can be used for any other suitable purposes in the Hack ecosystem. The selection of industry for investment is decided by the Global community of HACK. The open nature of the platform allows users, founders and investors to exchange and share their solutions easily on the HACK ecosystem. Accepted currencies are ETH, BTC.
Token Distribution:
78% tokens will be sold during the Token Sale; it will include 8% tokens sold for operations & advisors.
18% tokens will be kept as company reserve.
2% tokens will be used for Portfolio Founders.
And remaining 2% tokens will be kept for community development.
If you want to know more about this interesting platform then you can access its official website and whitepaper in the link mentioned below:
Website: https://hack.hf.cx/
Whitepaper: https://docs.google.com/document/d/19gNjTd1pdikcGJ8laLC7-8DuSji2wcvIeDr_0qRs9pE/edit
My BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1993237