First Crypto ETF has announced it will give key investors the chance to have a say in the company. Any investor or group of investors who control more than 1.000.000 tokens can nominate an individual to become a member of the Board of Directors.
“It´s a natural step towards greater transparency, giving pre-ICO and ICO participants the chance to control the company´s daily business and activities,” said First Crypto ETF Chief Executive Officer Peter Vrabel. First Crypto ETF said it would help ward against the experience of some ICOs, which saw projects raise money only to disappear soon after. “This kind of behaviour is unacceptable,” said Vrabel. “Investors should not be victims.”
First Crypto ETF is to launch a pre-ICO process before embarking on a full coin sale. This will be the first ETF in the crypto-currency world, and First Crypto ETF will invest in 10 highly liquid crypto-currencies that have high daily trading volumes.
Its portfolio will include Bitcoin, Ethereum and Litecoin as well as Zcash and Monero. Against this package, a token will be issued that can be traded on crypto-currency exchanges worldwide. The tokens offered in these rounds are very attractive as First Crypto ETF provides a guarantee to hold regular buybacks once the platform is launched and introduced to the market.
Trading will also take place over peer-to-peer platforms, with day-to-day operations controlled by the company’s unique technology – the Authorize Engine – running on proprietary hardware infrastructure and algorithms.
First Crypto ETF offers new possibilities for daily traders, beginners and portfolio managers alike. Active traders will experience a reduction in daily trading costs, and beginners and portfolio managers will be able to obtain an easier way to enter the crypto-currency market. In turn, this will provide liquidity to crypto-currency exchanges and boost daily trade volumes.
Secondary access will be provided using a unique product, named the Black Card, which can be purchased on First Crypto ETF’s website using a debit or credit card.
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