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AdvisorShares Launches Sabretooth ETF for Blockchain Tech and Cloud Computing

AdvisorShares Launches Sabretooth ETF for Blockchain Tech and Cloud Computing

AdvisorShares, a US-based investment management firm has announced that the trading of the AdvisorShares Sabretooth ETF (ticker: BKCH) will begin on February 7 on the Nasdaq stock exchange, according to a MarketWatch report on February 7, 2019.

BKCH to Launch on Nasdaq Exchange

Per the press release, the trade of AdvisorShares Sabretooth ETF (ticker:BKCH)  has been scheduled to begin on February 7, 2019, and it will commence on the American stock exchange, Nasdaq.

BKCH is an Exchange-Traded Fund (ETF) managed by Sabretooth Advisors, a Pennsylvania-based firm that has significant expertise when it comes to the ETF and capital markets ecosystem. Per the team, the investment thesis for BKCH stipulates that cloud computing and blockchain-based firms can realize massive profits as well as increased value in their stock prices over time.

In the same vein, BKCH invests in equities and American Depositary Receipts (ADRs) listed in the United States for these companies, an area the portfolio manager firmly believes represents the future of record-keeping and information dissemination powered by new technologies.

Reportedly, it can also bring about a strong investment theme targeted at the growth of equity opportunities and long term performance.

Investors Warned

While the new ETF may present new opportunities to firms in the blockchain world, the team, through Foreside Fund Services have also made it clear that investors’ need to tread carefully as a lot of risks are involved.

Importantly they pointed out that it is possible for computer software/services to lose their principal, the firm can also be adversely affected by changing domestic demands, technological developments, aggressive pricing and more.

Another challenge is in the area of proprietary rights where another entity can forge a company’s products and technologies despite the trademarks, trade secret laws, copyrights, and patents that have been put in place.

Will 2019 be the Year for BTC ETFs?

While some crypto enthusiasts believe that the launch of a Bitcoin ETF may bring back the good times for the cryptocurrency markets, the regulators seem quite reluctant approving any ETF filing for now.

As reported by BTCManager in December 2018, the U.S. SEC postponed its decision on VanEck’s BTC ETF filing until February 27, 2019. Interestingly, on January 24, 2019, BTCManager informed that the Cboe BZX Exchange had withdrawn its proposed rule change that would have made it possible for it to list the VanEck SolidX ETF.

However, on February 2, 2019, reports emerged that the CBOE and VanEck had resubmitted the BTC ETF proposal to the Securities and Exchange Commission (SEC) on January 31, 2019.

Whether the SEC will approve the filing this time around, remains to be seen.

Advisorshares launches sabretooth etf for blockchain tech and cloud computing

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Published at Fri, 08 Feb 2019 23:00:54 +0000

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DIMCOIN Offers Equity Through Blockchain Ecosystem, Proudly Announces ICO

Tech startup DIMCOIN has recently announced the dates for its upcoming pre-ICO and ICO crowdsale. The crowdsale will offer investors a chance to support a digital ecosystem that enables individuals and businesses to conduct encrypted transactions, including trading and management of company shares and assets through online wallets.

The DIM blockchain-based ecosystem allows altcoin stock trading and equity tokenization on all devices and/or password-encrypted paper certificates. The ecosystem also gives users a plethora of financial services and products for different types of digital transactions.

The platform utilizes two separate types of digital tokens viz., DIM Currencies and DIMCOIN. DIM Currencies are digital equivalents to fiat currencies, designed to mimic them in value. DIMCOIN, however, is more of a traditional cryptocurrency, an asset tradable against all other cryptocurrencies, with a more speculative value.  

DIM TOKEN investors holding more than 50 DIM TOKENS will be entitled to voting rights and 30% of the fee’s collected by the ecosystem. Built with NEM blockchain technology, DIMCOIN employs a two-tier design, using spam protection, node reputation, and incentivized infrastructure through supernodes, all to ensure transparent and secure online trading and transactions. DIMCOIN is aiming to reinvent the blockchain financial services industry and deliver a cutting-edge platform for assets and services.

DIMCOIN ICO

DIMCOIN has announced that its pre-ICO will begin from the 1st of July 2017 at 12:00 CET and go on until the 15th of July at 23:59 CET. The Pre-ICO will give early investors the chance to support the project. DIMCOIN will be rewarding early investors with a 30% bonus during the pre-ICO. Every 100 DIMCOIN purchased during the pre-ICO will receive 1 DIM TOKEN and 30 DIMCOINS BONUS. The pre-ICO price will be set at 100 DIMCOIN per $1.00.

The DIMCOIN ICO will run from the 16th of July at 00:00 CET until the 27th of August at 23:59 CET. The platform has announced a maximum cap of 10 million DIM TOKEN, and 1 billion DIMCOIN, which can be purchased during the ICO campaign.

The bonuses offered during the ICO will gradually decrease after the Pre-ICO starts on the 1st of July 2017. During the Pre-ICO (1 July – 15 July), a bonus of 30% will be offered for the purchase of DIM Tokens.  After that, Phase 1 of the ICO (16 July – 29 July) will have 20% bonus, Phase 2 (29 July – 12 August) will offer 15% bonus followed by Phase 3(13 August – 19 August at 10% bonus.  The final Phase 4 (20 August – 27 August), last week of the ICO will offer a 5% bonus.

After the first ICO target of $10 million is achieved the price will raise from $0.01 per DIMCOIN to between $0.02 and $0.12. Once it reaches the second goal of $30 million, the price per DIMCOIN will remain fixed at $0.12 until all tokens are sold. DIMCOIN is set to be listed on a few major exchanges shortly after the completion of the ICO.

Images courtesy of bitcoin PR Buzz

The post DIMCOIN Offers Equity Through Blockchain Ecosystem, Proudly Announces ICO appeared first on Bitcoinist.com.

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