Qualifying funds and projects admitted into the Two Prime Partner Program will receive fiat funding in exchange for the collateral, which will add to the value of FF1s and trigger the release of additional FF1s from the treasury into the secondary market.
1st April, 2020, Singapore – Digital assets trading platform BiKi.com lists Two Prime’s inaugural token, the FF1, which offers purchasers a type of cryptocurrency that provides a safeguard mechanism, using a well-diversified and risk-managed structured portfolio in the blockchain industry.
Borrowing the traditional model of monetary creation and circulation, Two Prime will initially emit one million FF1 tokens into circulation onto secondary markets, such as onto exchanges like BiKi.com.
“Having built the BiKi global platform over the last year to where we are today, I am excited to bring the strength of our global communities to an innovative token such as the FF1 token,” states Ethan Ng, CEO of BiKi.com Southeast Asia. “I believe that our users will be thrilled to welcome the addition of this unique token with its diversified store of value. We look forward to the growth we are committed to achieving together with a stellar project like Two Prime.”
BiKi Exchange has a thriving, active and engaged community in crypto-dominant regions such as China and Southeast Asia. The partnership between Two Prime and BiKi will provide millions of retail crypto traders with a managed and diversified way to store value through a token.
In times of global market turmoil, such as what we are facing with the COVID-19 global pandemic, the FF1 token is a great way to hedge against the highly-correlated markets and protect purchasers’ wealth.
Pioneered by Two Prime, the FF Token replicates the private equity approach of staged, de-risked financing in a token format and will continuously release additional tokens into circulation in line with real demand. The token is a store of value supported by a fractional reserve of blockchain industry assets.
The FF Token model can be applied to any sector, representing a well-diversified basket of public and private sector projects. Its first iteration, the FF1 token will be invested in the blockchain sector in a structured portfolio of cryptocurrencies, debt, and equity instruments. This will demonstrate how a cryptocurrency — backed by assets — can generate demand and velocity with rapid fund formation.
Qualifying funds and projects admitted into the Two Prime Partner Program will receive fiat funding in exchange for the collateral, which will add to the value of FF1s and trigger the release of additional FF1s from the treasury into the secondary market. This will create cash flows on the demand side and ensure accretive value of the FF1.
This model may be replicated in a multitude of verticals such as green mining and smart cities, offering a first-of-its kind purchasing option that brings real value to investors.
“Our vision, with the FF1 Token, is to provide a unique offering to the market. We offer a better way to get diversified exposure to crypto. For retail crypto purchasers, this means access to funds to which you would otherwise not be allocated. And for institutional purchasers, it means a hedged and safe approach to the next crypto wave. We bring professional risk management and capital allocation from traditional finance into the crypto space,” explains Dr. Marc Fleury, CEO of Two Prime. “For far too long, crypto trading has been based on speculation. We need to rethink the way we approach crypto and focus on what has worked best — financial applications. Two Prime’s vision is to bring greater abundance to the industry through the FF Token and the Continuous Token Offering model, .”
The FF1 token, which will give token holders exposure to the blockchain vertical, is targeting a Sharpe Ratio of 1.55 and a Beta of 0.75 or less compared to Bitcoin. What these ratios mean is that, when achieved, consumers will be able to get back an average higher rate of return on their investments, and experience lesser market volatility as compared to Bitcoin.
Alexander S. Blum, COO of Two Prime says, “Ultimately, we’re looking to partner with those who can drive our mission — to bring maturity and professionalism to the industry and to create greater abundance for all. BiKi — with its focus on community and its users, and track record of partnering with leading blockchain firms — fits very well into our mandate and we are proud to work alongside BiKi to bring the FF1 token to the masses.”
A stellar team to bring the mission and vision into fruition, Two Prime is led by an outstanding leadership with a strong track record.
Two Prime was founded by Dr. Marc Fleury, a pioneer of open source software and creator of one of the first sustainable and commercially successful open source business models. Founder of JBoss, an open source application server, Fleury turned JBoss into a commercially viable business and sold it for $420 million. Also a highly regarded investor within the IoT, Deep Tech, Open Source, and Blockchain sectors, Fleury is a pioneer of open source software and creator of one of the first sustainable and commercially successful open source business models.
Co-founder and COO, Alexander S. Blum, has worked across blockchain hedge funds, startups, and consulted in the space for over seven years. Prior to founding, Alex started digital investment group Atomic Capital, developed a cryptocurrency mining operation and AI-crypto hedge fund, and worked as a technology advisor for the Bill & Melinda Gates Foundation, The World Economic Forum, an economic development specialist for the Peace Corps.
With the funds raised through sales of the FF1 token, Two Prime makes allocations to a diversified group of blockchain-related funds, projects, and leading cryptocurrencies. Funds are allocated through its Two Prime Partner Program whose members include leading crypto venture capital firms NGC Ventures and SPiCE VC, commercial crypto finance institution BabelFinance, and BlockFi, a top provider of wealth management products for crypto investors.
For more updates and to participate in FF1 campaigns on BiKi.com, please follow these channels:
Telegram Group: https://t.me/BikiEnglish
Facebook Page: https://www.facebook.com/bikiexchange/
Twitter Account: https://twitter.com/BiKiEnglish
Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange ranked Top 20 on CoinMarketCap. BiKi.com provides a digital assets platform for trading more than 150 cryptocurrencies and 280 trading pairs. BiKi.com is focused on providing the safest, most stable and most effective cryptocurrency trading platform. 100% of the transaction fees are used in buyback and burning of platform token, BIKI.
Since its official opening in August 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 2 million registered users, 130,000 daily active users, over 2,000 community partners and 200,000 community members. BiKi.com has received investments from Huobi co-founder Du Jun, Genesis Capital Zhu Huai Yang, FBG Capital, ChainUP and others totaling approximately 10 million USD.
Chang Jie Lin, BiKi.com
Cecilia Wong, yourPRstrategist.com
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Last modified: May 19, 2020 8:03 PM UTC