An investment of $100 in Bitcoins in 2010 would be worth over $70m today. Cryptocurrency, or “Digital Money” may just turn out to be one of the best performing investments in history. Founded as Domain Developers Fund (DDF) under Cayman Islands Mutual Fund Law in 2010, DDF already knows a thing or two about investing in digital assets. DDF holds 1,540 high-value domain names such as Audit.com, Exhibitions.com, Swords.com, PR.uk or a portfolio of country.net names (such as Belgium.net or Spain.net). DDF has already realized chart leading sales, for example, cars.net for $170,000 USD.
To take advantage of extraordinary growth opportunities in cryptocurrencies and other digital assets, DDF has announced a rebrand as “Digital Developers Fund”.
DDF will raise investment funds using an Ethereum-based token sale. In the upcoming token sale, DDF is targeting sale proceeds as high as $60m USD and a cap of 247,500,000 tokens. The ICO will commence July 10th, 2017, and DDF will provide specific instructions on how to participate, including how participants will need to send Ether to a smart contract.
The bulk of the Ethereum proceeds from the token sale (70%) will be used directly for portfolio investments. A further 15% will be used for a reserve fund, and 15% will be used to fund operations. With this ICO, the crowd can participate in the growth from digital assets.
The ICO runs over 30 days or until all tokens have been allocated. The goal is to ensure fair and balanced access for small and larger investors, end users, and the overall community. For this reason, and in order not to place an undue burden on the Ethereum network, DDF has decided not to implement an accelerator or discount function for early birds.
Use of Proceeds
From the total proceeds, 15% will be used for operations (software development, human resources, legal, marketing), 15% will be stored in a reserve fund of at least 25% BTC, 25% ETH and max. 50% cash and 70% will go into the portfolio.
How It Works
- ICO participants send funds to an Ethereum Smart Contract. The address will be provided on the DDF website shortly before the start of the ICO.
- The Smart Contract mints DDF tokens instantly and sends them directly to the user’s wallet.
- Once the ICO has been completed (total duration or maximum tokens issued) the Ethereum funds are transferred to the fund’s wallet.
- Portfolio 70%
- Reserve Fund 15%
- Operations 15%
Fund net profits are distributed as quarterly dividend. Token holders receive their dividend through a smart contract as Ether payment.
Net Profit Distribution
50% of net profit is distributed to investors.
Performance fee (5% hurdle):
- 0-5% net profit: 0 % performance fee
- 5-10% net profit: 5% performance fee
- 10-15% net profit: 12% performance fee
- > 15% net profit: 15% performance fee
The remainder (50% minus the performance fee, so at least 35%) is reinvested.
To learn more, visit DDF at www.digitaldevelopersfund.com.