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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 bitcoin 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 bitcoin 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 bitcoin 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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IMMLA: Multimodal Transportation ‘UBER’ to Raise $500k in Crowdsale

IMMLA’s mission is to provide multimodal deliveries service with decentralized control system of transportation, document flow and payments.

Its authors say, that new technology allows dramatically reduce trust deficit, information barriers and legal costs. This is to be achieved due to interaction of cargo owner and the transporter through IMMLA working on the base of Etherium blockchain and smart contracts. It will allow monitoring of cargo damage, time of delivery, cargo location, selection of suitable delivery route and other cool parameters.

IMMLA is founded by consortium of logistics and IT leaders. It includes such names as Formag Fowarding (subsidiary of Global Transport Investment), experts of a leading logistics services giant Hellman Worldwide Logistics and SBSolutions.  The software solution will be based on the logistics industry leading ERP solution Logismart.

1-2% market share in 5 years

IMMLA is planning to launch real third party transportations using smart-contracts based on Ethereum blockchain as early as in the first quarter of 2018. According to the White Paper, in 2019-2020 IMMLA service will be offered on the CIS market. In 2021, it is to enter the markets of Western Europe and China. Thus, 5 years after the launch of the IMMLA product is estimated to occupy 1-2% of the world’s freight forwarding market.

“International freight forwarding market is annually estimated at approximately 200 million teu’s (twenty-foot equivalent unit). Thus, the goal of 1-2% market share 5 years after the full-scale launch, constitutes roughly 3 million teu’s (to date, it is an approximate volume provided by the DHL company). Our estimations show that high quality service for around 8000 multimodal international transportations daily, including all the possible deviations from an ideal process, will be the minimum performance level that we will be able to provide over this time horizon”.

-Mikhail Astakhov, the founder of the IMMLA consortium

Based on working product

Logismart, the basis of IMMLA service, functions in several dozen multinational logistic corporations. IMMLA’s team affirms that the product serves and supports tens of thousands transported TEU-s in terms of both legal issues and document workflow. However, IMMLA claims to be new service inheriting only logic from its predecessor.

“Initially a client puts into the service the information about the necessity to deliver a specific cargo from one place to another at a specific time. Further, the platform through the use of statistical and forecast data provides the client with a price point for such service and an approximate delivery plan. If the client is satisfied with the basic conditions of the offer, then he places an order for a proposal formation”.

-Mikhail Astakhov

The system, in turn, allocates the basic scheme of transportation among the registered participants, whose advertised and/or statistical profile allows them to take part in such transportation process. It also takes into account alternative delivery plans where it is possible to improve the price and/or time parameters.

ICO

IMMLA plans to raise during the first round ICO around $500,000 (http://immla.io/pre-ico). The first round begins at 00.00 UTC+3, the 15th July 2017 and finishes on the 30th July 2017. Full-fledged ICO will be held on September 2017 and can bring $12,1 million into the project.

The base currency of IMMLA’s Pre-ICO is ETH. During the pre-ICO campaign IML token price is 0,000192 ЕТН, during the ICO this price will grow up to 0,000275 ЕТН. So early birds bonus is 43%. Pre-ICO is successful if more than 577 ЕТН (~$150К) collected, otherwise all funds are transferred to pre-lCO participants.

Images courtesy of Shutterstock, IMMLA

The post IMMLA: Multimodal Transportation ‘UBER’ to Raise $500k in Crowdsale appeared first on Bitcoinist.com.

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