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Showing 20 of 20 results by ApisCapital
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Topic
Board Altcoin Discussion
Re: An alternative to tether?
by
ApisCapital
on 21/06/2018, 12:55:30 UTC
I agree, many alternatives to Tether is a good thing. I did see Tether had a "lawyer" look at their bank accounts on June 1st. Doesnt' mean much to me though
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Topic
Board Announcements (Altcoins)
Re: [ANN] [XDM] Stellar Dolphin - Fork 1:1 of Stellar Lumen - Finite coin supply
by
ApisCapital
on 13/06/2018, 16:06:24 UTC
Under NO circumstances should ANYONE be giving our their private (secret) Stellar Account key to ANYONE! This is clearly a scam and needs to be deleted ASAP by the moderators.

It's discussed here on reddit: https://www.reddit.com/r/Stellar/comments/8qttb3/beware_of_stellar_hardfork_called_stellar_dolphin/
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Topic
Board Altcoin Discussion
Re: An alternative to tether?
by
ApisCapital
on 07/06/2018, 01:17:59 UTC
Posted one and didn't came back. I bet he wont be reading any comments here anymore.
Or he could have been pulled by some ICO already to try how much of an expert is him.

But still why want to create something like Tether? It is like an escape pod for whales and you are just helping them.
It could be one of the reason why value of every coin and tokens have been dropping cause whales can now play in and out using Tether.
Don't like the idea. Go to bitcoin platform instead.

I understand what you're saying but for crypto to become mainstream, it HAS to apply to the real world. No one is accepting BTC because it's too volatile.

I disagree about whales, they can easily cash out to fiat (there's $billions being traded in OTC) if they want. But it's the average investor that is stuck if they want to take their gains out to actually use them for something because coinbase limits them to $1000 a day!

A solid stablecoin helps everyone because it brings more credibility and use to blockchain. People can use the stablecoin for real world payments, and invest in BTC as a store of value/inflation hedge etc
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Topic
Board Altcoin Discussion
Re: An alternative to tether?
by
ApisCapital
on 06/06/2018, 19:46:10 UTC
Here is an excellent stabelcoin, fully redeemable in and out of $USD as well as BTC, ETH and XLM

http://www.businessinsider.com/elizabeth-white-crypto-white-standard-cryptocurrency-lamborghini-2018-6
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Topic
Board Altcoin Discussion
Re: An alternative to tether?
by
ApisCapital
on 04/06/2018, 19:07:35 UTC
With the relative sucess of tether, almost every exchange are coming up with price linked crypto. There's even a so called decentralized bank called cryptobank that is issuing dollar, euro, yuan, ruble and others in crypto.

Yes but those exchange based so they're not worth anything. If the exchange goes down you are screwed (like the USD token on Circle/Poloniex). The cryptobank is interesting but again they have to be backing the dollar, euro etc with something otherwise it's not worth anything.

The KEY part of a stabelcoin is being able to REDEEM it into the underlying currency. If you can't do it, it's not worth anything and there's no way I am putting my cash/savings/investments into it
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Topic
Board Announcements (Altcoins)
Re: [ANN] Apis Token: The first Hedge Fund Token - Proven Performance - Stellar
by
ApisCapital
on 04/06/2018, 15:02:49 UTC
What plans do you have for the tokens that are not sold in the preICO and ICO? Will be burned or blocked by smart contract?

Great question. Tokens are only issued when they are sold/invested. The issuance is controlled with a multi-sign process, with Apis Capital Management having one signature and Tower Fund Services (an independent Third Party Administrator) having the second signature. This ensures that only when funds from investors are received are Apis Tokens issued. Therefore, there are no tokens to burn after the ICO.


You can see the current circulating supply in real time here: https://stellar.expert/explorer/public/asset/APIS-GCYKQ2627BPKMSUZJK64GPYVKD4TRNACP45X6B754PR6TCYJXCHGUTWB

This ensures there is never an oversupply of Apis Tokens and maximizes the profits investors receive.

It's important to remember that unlike many ICO's that invest in "projects" where it's not really known how investors will receive profits (just because a project is famous, doesn't mean its coin will go up in value in the long term), the Apis Token is asset backed by the Investment Balance of the strategy in the hedge fund.

Investors will always have the right to redeem their Apis Tokens for their pro-rata share of the Investment Balance, so the token will always go up in value as the strategy earns profits. When they do, that is in fact when those Apis Tokens will be burnt and taken out of circulation (which will be visible in the Stellar Blockchain Explorer as a decrease in the circulating supply)

It does NOT go up in value just because "someone else is buying it a higher price because it's famous" (which is the "Greater Fool Theory" powering many ICO's) but rather because it has actually accumulated real, $USD backed earnings in an independently verified and audited account. In fact, after June, we will publish monthly reports on our website from the third party auditor showing the exact Investment Balance "owned" by the Apis Token holders.
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Board Announcements (Altcoins)
Re: [ANN] Apis Token: The first Hedge Fund Token - Proven Performance - Stellar
by
ApisCapital
on 04/06/2018, 13:29:52 UTC
I see that you have a lot of experience in the field of securities, and the price of the token is very appropriate, I'm a little silly in this regard, could you explain to me what a hedge Fund is and what tasks it performs

Thank you. We are happy to explain. In fact, that is the reason why we are offering our Apis Token, because many people do not understand hedge funds or how to profit from them. And even if they do, typically a hedge fund investment has only been available to the ultra-rich in the US, not to the everyday investor.

A hedge fund is an investment fund. It is run by a group of traders who should have a lot of experience in trading specific things. For example, a hedge fund may trade energy products (i.e buy and sell barrels of oil or natural gas). Or like in our case, we specialize in trading Volatility, which is a mathematical measure of the psychological state of the market. Our group of traders

The difference between a hedge fund a mutual fund or ETF is that a hedge fund allowed to have complete over their strategy and thus is able to earn much more profits. It's unfortunately a silly US law that mutual funds can actually only buy stocks (they can't trade volatility, can't short stocks they think will go down, they can't trade cryptocurrencies etc). This is bad because of this most mutual funds are useless and make no money for investors who might as well just buy the SPY ETF which is directly investing in the stock market. I have seen in my career mutual funds being sold as "safe
 and "good" to Mom and Pop investors (that's what we call the average investor in the USA) and over the years they lost a lot of money so the only people that got rich were the bankers.

As a hedge fund, we are not restricted by the mutual fund rules. We are able to have complete flexibility in how we trade. This has allowed us to develop a combination ERP/VRP strategy that takes advantage of the volatility mathematics in the market. We have extensively tested (over 10 years of data) and traded it live (over 2.5 years) with great results. One of the biggest advantages is that it's capable of generating profits both in up, down and sideways markets. Of course, it's not fool proof and it can have some months where it will not profit, but overall it has returned about 70% per year.

Tokenization of assets on the blockchain, and especially the Stellar protocol is what has allowed us to share our strategy and performance with the whole world and enable everyone to profit from our expertise. Hedge funds normally cannot accept small investments and have to charge large fees for administering the strategy, but in a Token like Apis Token, that problem is easily solved.

I hope that helped answer your questions!

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Topic
Board Altcoin Discussion
Re: An alternative to tether?
by
ApisCapital
on 04/06/2018, 01:32:10 UTC
I have heard about a project called True USD or TUSD. As I understood correctly, they will be listed on major exchanges as a currency against others. For example, maybe on Binance we will see such a pair: BTC/TUSD. I bought some TUSD when the market was falling

Well, technically you should be buying the stabelcoin when the market is UP (to protect your gains) and then buy cryptos with your stablecoin when the market is down (and ride it back up).

The TrueUSD project is decent attempt to replace Tether but there's a few problems

1) It's built on ERC-20 which is just too slow for modern payments and processing. It's maybe ok on a few exchanges as a "cash" option but that's about it. Not useful to send payments to others, not useful for merchant processing etc

2) TrueUSD has not actually published any reports of their holdings. They keep saying they are fully audited and transparent but yet I have no idea where and how much actual $USD they are holding on deposit. While it doesn't mean it's a fraud by any stretch, it's not a good start for them to be at $43 million market cap and still not a single published report/audit
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Topic
Board Altcoin Discussion
Re: An alternative to tether?
by
ApisCapital
on 04/06/2018, 01:08:46 UTC
I don't think we need an alternative for tether. First thing firet if you don't have unique aspect that differentiate your project from tether, than your project is not necessary. Second, more exchange are offering direct real fiat exchange, and soon all exchange will do the same, and stable coins like tether will be left.

I agree that more exchanges will offer direct fiat exchange over time. But it will not be anytime soon because the regulations are very complex.

In the meantime, there absolutely is a need for an alternative because Tether simply does not have the $USD on deposit. They are about to fall apart any day because the CFTC IS investigating them: https://www.bloomberg.com/news/articles/2018-05-24/bitfinex-said-to-find-bank-in-puerto-rico-after-wells-fargo-exit

A very key phrase here:  "The regulator is investigating whether Tether’s $2.1 billion in customer money backing its virtual coin is really there, a person familiar with the matter said in January."

What will happen soon is that Tether will fall apart and be worth $0. However I do not think at all this will cause the price of BTC to fall. While it's true that upwards pressure on BTC price may have been due to fake Tether's buying, unless someone is buying BTC ON MARGIN with Tether, the fact that your Tether holdings go to 0 does not really affect BTC price, in fact people will have to put whatever amount of Tether they are selling into something, and it will most likely be into BTC. There certainly may be a temporary FUD scare and a drop also, but no one will be selling BTC long term just because of Tether.

Why is a cryptocurrency backed by $USD important? Simply because you can make fast, virtually free transactions to anyone in the world. Normal $USD payments are slow, expensive and full of unncessary regulations (banks routinely shut down accounts that send a lot of wires in or out, even if it's a fully legitimate business collecting customer money and paying vendors). Cryptocurrency eliminates all that but no one can do real business in BTC right now, so the need for a stablecoin crypto is clearly there.

Sometimes people say "Oh your project needs to revolutionize the world. I think that's completely false. It just needs to be doing something better, simpler, faster and/or cheaper.
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Topic
Board Altcoin Discussion
Alternative to Tether
by
ApisCapital
on 03/06/2018, 21:20:54 UTC
There is in fact an altnernative to Tether that is launching very soon. It is built on Stallar, which is fast, cheap and secure. It will hold 100% USD for each stabelcoin issued (1:1) ratio and by fully redeemable anytime. Most importantly it will allow UNLIMITED buying or selling with FIAT for anyone (subject to a KYC/AML check of course obviously if they are trustworthy they must comply with the law)
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Topic
Board Announcements (Altcoins)
Re: [ANN] Apis Token: The first Hedge Fund Token - Proven Performance - Stellar
by
ApisCapital
on 03/06/2018, 19:09:36 UTC
One Apis Token is currently $1.00 (payable in USD, BTC, ETH or XLM). In our June pre-sale, we are able to provide a 10% discount ($0.90 per Apis Token). All funds collected in the pre-sale in June will be directly invested in the strategy on July 1st and the Apis Tokens issued to pre-sale investors (so you don't have to wait to get your tokens).
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Topic
Board Announcements (Altcoins)
[ANN][ICO]Apis Token: The first Hedge Fund Token - Proven Performance
by
ApisCapital
on 03/06/2018, 06:00:22 UTC


Apis Token is the first tokenized hedge fund strategy, focused on algorithmic, signal based volatility trading strategy in the S&P 500 Options and VIX Futures markets, with a proven track record and a management team with over 15 years securities trading experience. It is built on the powerful Stellar network, which is the most efficient, fastest and secure block chain protocol currently available

||| PERFORMANCE |||

The strategy powering the Apis Token has returned 192% since January 2016.



||| BENEFITS |||

||| Built on Stellar ||| Fully Liquid: Instantly tradeable on Stellar Decentralized Exchange ||| Proven Track Record |||  No Minimum Investment ||| No Management or Incentive Fees ||| | US Investors Defer Tax Indefinitely |||


||| FAQ|||

What is the Apis Token?
The Apis Token is the first tokenized hedge fund strategy, focused on an algorithmic, signal based volatility trading strategy, with a proven track record. The Apis Token is built on Stellar, the most efficient, secure and fastest blockchain protocol currently available.

How does the strategy generate profits?
The strategy, managed by Apis Capital Management, focused on trading volatility in the S&P 500 Options and VIX Futures markets, taking advantages of psychological patterns identified through careful market analysis based on 15 years of trading experience. In general, the strategy sells volatility risk premium in VIX futures and equity risk premium in S&P 500 options, dynamically rotating between two complementary algorithms enabling it to maximize profits in multiple market scenarios, including down, up and sideways markets.
 
How long does the ICO run?
The current pre-sale for the Apis Token run from June 1st to June 27th. Unlike a traditional ICO, funds invested into the Apis Token during the pre-sale will be immediately allocated to the strategy on July 1st, and the Apis Tokens for those investors issued at that time, enabling early investors to begin earning profits. Afte July 1st, we will move to the Phase I of the public sale.

What is the advantage of investing in pre-sale or ICO versus investing after?
Investors in the pre-sale or "ICO" benefit from their investment earning profits earlier, and also benefit from a discounted initial offering price. The current ICO price is $1 USD for 1 APIS token, while the pre-sale discount is 10%, allowing investors to buy 1 APIS token at $0.90. As the token will continue increasing in value, future Apis Token investors will be forced to invest at higher and higher prices, having given up the earlier profits that early investors have received.

Why is investing in the Apis Token better than investing in the fund directly?
While Apis Capital Management has accepted and will continue to accept direct investment into the ACM Market Neutral Volatility Strategy Fund as Limited Partners, investors can benefit from multiple advantages of investing in the Apis Token.

Investors will be able to have full liquidity of their Apis Token by being able to trade it peer to peer on the Stellar DEX (please note, purchase by or sale to US persons who are non-accredited investors is currently prohibited, Apis Token holders are responsible for following these rules)
There are no minimum investment requirements for Apis Token, whereas the ACM Fund is limited to $250,000 or more
The Apis Token benefits 100% from the profits generated by the strategy and is not subject to the 2% management fee and 20% incentive fee charge to ACM Fund LP investors. Investors benefit from compound interest, resulting in returns 350% higher over 10 years.
US investors holding Apis Tokens do not pay tax until they sell their tokens, unlike LP investors who must pay tax on profits every year even if they do not receive distributions from the fund. This can result in up to 300% higher return over 3 years.
 
Are there any restrictions for investing in Apis Tokens?
The Apis Token is currently available for investment by US Accredited Investors and all foreign investors (except those in North Korea, Syria, Cuba and Iran), subject to KYC/AML verification.

How will the Apis Token increase in value?
An investor holding an Apis Token has a right to redeem, at regularly scheduled intervals, their tokens for the pro-rata share of the Investment Balance Value . Investors can request their redemptions to be paid in $USD, BTC, ETH or XLM. As the underlying strategy earns profits, these are allocated to the Investment Balance, which grows, while the supply of tokens remains the same (because Apis Tokens are only issued when investment funds are received from investors).

For Example: If the Investment Balance is $10,000,000 and there are 1,000,000 Apis Tokens issued, each Apis Token is redeemable for $10 worth of BTC, ETH, XLM or USD. In the next month, if the strategy earns $500,000 in profits, the Investment Balance now has grown to $10,500,000 which now entitles every Apis Token holder to $10.50 per Apis Token.

Where can I trade the Apis Token?
Investors can trade the Apis Token anywhere they are legally permitted to. Currently, the Stellar Decentralized Exchange has listed the Apis Token and we expect others to soon.

Please note, purchase by or sale to US persons who are non-accredited investors is currently prohibited, Apis Token holders are responsible for following these rules)
 
What does the Apis Token actually entitle me to?
The Apis Token holder is entitled to redeem the Apis Token for the pro-rate share of the Investment Balance, which grows as the trading strategy generates profits.

How do I redeem my Apis Tokens?
Investors are able to redeem Apis Tokens at regularly scheduled intervals (currently set at 12 months from initial issuance) by making a redemption request to Apis Capital Management not less than 30 days before they wish to redeem their tokens. The investor will then send the quantity of Apis Tokens they wish to redeem and specify the method of payment for their redemption. At the redemption date, the investors will receive the pro-rata share of the Investment Balance on that date.

What can I redeem my Apis Tokens for?
Investors currently may redeem Apis Tokens for $USD, BTC, ETH and XLM, although additional currencies will likely be supported later.

Current Pricing: $1.00 per 1 APIS

Pricing as of September 1st will depend on the performance of the fund in August.


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Topic
Board Altcoin Discussion
Re: Stellar becoming platform of choice for Tokens
by
ApisCapital
on 29/05/2018, 21:16:55 UTC
We have found the Stellar is actually the most user friendly platform as well. With StellarTerm or StellarPort, one can easily create an account and receive an asset in seconds. Best of all, it has built in decentralized security so that you NEVER have to share your key with an exchange and expose yourself to hacks. There is no doubt the Stellar is the best platform for securities/asset-backed tokens
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Topic
Board Altcoin Discussion
Re: Stellar becoming platform of choice for Tokens
by
ApisCapital
on 29/05/2018, 17:32:17 UTC
It has officially launched on Stellar: details here https://medium.com/@eradjabli/apis-token-launches-on-stellar-a17203804f6
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Board Altcoin Discussion
Re: Still believe in ICO ?
by
ApisCapital
on 19/05/2018, 18:01:15 UTC
Almost every ICO to date has been effectively a VC investment (i.e an investment into a company to give them funds to complete a project which hopefully somehow will generate value in the brand and hopefully that value will translate into higher coin prices). This is unfortunately a very difficult economic proposition for many reasons:

1) The project is itself is an effective solution to an important problem and has an effective team that can not only implement the technology but also drive adoption. This criteria eliminates more than half of the current ICOs, because many are applications of blockchain that are unnecessary and can be accomplished more efficiently using traditional technology

2) The project has a clear revenue model that will actually generate future income for the company issuing the ICO. This is critical because without income, there is no long term value to a token. The concept of “utility tokens increasing in value because of their use” is a fallacy. Because tokens are always comparable to similar services in $USD (for example file storage), a utility token which increases in price too fast will become underutilized as users flock to other solutions. Another fallacy is the theory of “brand name” or “popularity”, which suggests that just because a project achieves milestones and becomes well know means that the value of its token will increase. This is simply an extension of the “greater fool” theory which does not exist without speculators, who do not appear to be returning en masse to the market anytime soon. Therefore, by eliminating all the erroneous drivers of token value, we are left only with revenue. Once we eliminate projects that do not have a revenue path, we are down to about 10% of the current ICO’s.

3) Even after the above criteria are met, we still have to wonder how revenue translates into higher valuation of a token. After all, tokens do not confer any equity in the actual company. Especially concerning is ICO issuers who have taken on VC funding for actual equity in their companies, while still doing an ICO which effectively represents no rights or benefits to token holders. For all the SEC talk of a token being a security, it confers absolutely none of the benefits of being one. Typically, investors realize profits when a company is acquired, yet in the case of tokens, an acquirer would simply buy out the actual equity and leave the token holders with nothing. There are only a handful of projects that actually promise to provide economic benefits to token holders
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Topic
Board Altcoin Discussion
Re: Stellar becoming platform of choice for Tokens
by
ApisCapital
on 19/05/2018, 16:07:13 UTC
I think stellar was founded one of the co-founders or employee of ripple, so there should be great vision behind stellar coin, it is even now in top 10, no need to talk about its success, this can make it much more popular.

That's correct. It was founded by Jed McCaleb and it is a Ripple fork initially (although now it has built out many more features). Not sure why anyone would consider it to be "less trustworthy", it's still a blockchain and decentralized, and unlike Ripple, anyone can run a Horizon node for Stellar so it absolutely does NOT depend on a few big name players. In any case, people sort of mistake Bitcoin as being decentralized because anyone can mine but the reality is that 90% of the hash power is controlled by a very limited number of miners, so in that regard, Bitcoin is just as centralized as Ripple, Stellar etc.

The one advantage of ERC-20 is that the Ethereum Virtual machine is Turing-complete. That is helpful to build complex smart contracts. However, most tokens really are not very complex as effectively they are representing ownership and are securities, so they need minimal code to run. I fully agree that ERC-20 will absolutely be around and is a great platform for making complex smart contracts that solve difficult problems. However, for asset backed tokens (which is the new big push in the crypto industry), it's just not fast enough and the tx fees are too high.

There's a reason why Tokensoft.io for example is also building many of their partner projects on Stellar.

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Topic
Board Altcoin Discussion
Stellar becoming platform of choice for Tokens
by
ApisCapital
on 19/05/2018, 14:32:31 UTC
Hello,

I have seen more and more movement of tokens being built on Stellar (speed, low tx fees, decentralized exchange). This was especially evident as Consensus because going around the rooms there was distinct chatter that the ERC-20 token standard was just not sufficiently powerful to back a security token economy that is used to having hundreds if not thousands of transactions per seconds (as in the traditional equities markets)

Here is the first Hedge Fund Backed token and it chose Stellar as well

This is not a price speculation because truly I don't know if more tokens being built on the platform would actually drive the price up or not, but for sure it is pointing to a shift away from ERC-20 towards Stellar as the choice for institutional grade tokens.

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Topic
Board Exchanges
Re: Cointal- removed due to legal action
by
ApisCapital
on 06/05/2018, 20:09:43 UTC
I heard about this in Yahoo News: https://finance.yahoo.com/news/litigating-cryptocurrency-fraud-wait-time-160018264.html

I also found some additional info here: https://www.reddit.com/r/Bitcoin/comments/80s19k/cointal_exchange_is_a_fraud_they_are_being_sued/

It looks like there is some serious issues going on with this exchange.
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Topic
Board Altcoin Discussion
Re: How to build community for a Tokenized Fund?
by
ApisCapital
on 06/05/2018, 01:11:15 UTC
Makes sense. In regards to your two suggestions, our current plants are
1) During the ICO period, we can already invest the funds of early investors into our strategy, and would pay out the profits monthly (via airdrops)
2) After doing a lot of market research, it seems that a bounty program makes sense (something like 1-2% of the tokens). It looks like it's a pretty complex system to manage (between facebook, telegram, medium, steem etc) and there's quite a few managers out there What do you think is a fair cost for someone to manage it?

By the way, you mentioned White Paper, so I should probably link it: http://apiscapitalfunds.com/wp-content/uploads/2018/05/Apis-Token-White-Paper-v1.2.pdf

One more question. In terms of marketing, are there any specific tools people are using to market to investors in Asia, specifically China, South Korea and Japan? Or are those investors typically already on the current channels (telegram, facbook, steemit etc)

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Topic
Board Altcoin Discussion
How to build community for a Tokenized Fund?
by
ApisCapital
on 05/05/2018, 23:31:17 UTC
Hello,

I am new to Bitcointalk but not crypto. One of the things that attracted me to it is the community. I wanted to ask some advice about a project we are launching. Apis Capital Management has been a professional money management firm (hedge fund) for several years and has successfully implemented an effective and consistent strategy. Without going into too much technical details up front (happy to with anyone who asks), we focus on trading volatility in the S&P 500 index and VIX futures. Over 28 months we have had great success and have returned 170%. That probably doesn't sound like much by crypto standards! But it is quite good in the professional money management industry, and the key is it's not susceptible to the wide volatility of crypto. Our back tested track record from 2009 onwards yields about 50-70% per year. That means if you invested $10,000 in 2009, you would have over $700,000 now. We believe that consistency is key, and our strategy has delivered that.

The reason why we are looking to tokenize is simple: to offer our strategy to investors who cannot afford to invest $250,000 (our current minimum), and who also want to be able to freely buy more and sell out of their investment at any time (typically hedge fun like ours have limited redemptions for normal investors every 12 months or so). Lastly, while our normal investors pay the typical fees of 2% per year plus 20% of their profits, the token investors would not pay any fees at all.

I have followed with great interest many projects here on Bitcointalk, from the top ones like EOS and Tron to the multitude of others such as Siacoin etc. In each case, it seems there is a huge community that is already excited about the concept before an ICO is launched. I know bounty programs help a lot with this, and we would of course do one as well. But more so, how can we get people interested in a Tokenized Fund, where rather than creating a product, we are simply offering an excellent investment for people to make money in a way that's not tied to crypto at all?

I appreciate any suggestions you may have. I know there are quite a few marketing managers out there, so referrals would be helpful as well. Depending on how this goes, I would be happy to provide details on our ICO, marketing budget etc

Thank you!