The digital revolution has launched a new era and with it came new opportunities that used to be far beyond the reach of most people before. One of these major opportunities is the domain name industry.
There are currently over 300 million registered domain names but only a fraction of these – the most descriptive and memorable – have incredible potential and are traded at premium prices. Investing in the right ones requires incredible expertise, but can in turn be extremely rewarding. HomeAway founder and CEO Brian Sharples once revealed that his company bought VacationRentals.com for $35 million, just so the competition couldn’t get its hands on it.
Cryptocurrencies are another major investment opportunity a lot of people miss out on. Bitcoin, the number one cryptocurrency by market cap, allowed a 12-year-old to turn a $1,000 gift into $100,000 in only a few years. Now, he’s a successful entrepreneur that doesn’t even consider going to college. Ethereum, the second biggest cryptocurrency, surged from just $8 a token to about $400 this year before plunging. Selling at the right time was extremely rewarding for savvy investors.
To take advantage of these extraordinary opportunities, users need to study a lot and thoroughly understand what they are doing, in order to see further ahead. Moreover, managing digital assets can be cumbersome and risky.
Enter Digital Developers Fund
Digital Developers Fund (DDF), founded as Domain Developers Fund under Cayman Islands Mutual Fund Law in 2010, currently holds 1,540 high-value domains such as Swords.com, Audit.com, and Exhibitions.com, with a combined value of $3.3 million.
The recently rebranded fund is now also investing in upcoming ICOs and in established cryptocurrencies with a market cap above $100 million that are listed in at least three different exchanges. The team in charge of these investments has a combined experience of 15 years in the cryptocurrency market, keeps up with current trends, and is able to keep cryptocurrencies safe, no matter what.
DDF gives users a chance to be a part of these extraordinary opportunities, by helping them skip complex management barriers and by studying market opportunities. DDF has already sold high-value domains such as cars.net for $170,000, and users can now be a part of its success.
The Fund has announced an Initial Coin Offering (ICO) that will begin on July 10 and run for 30 days. Distributed tokens will serve as “proof-of-membership” in the Fund, and will allow users to receive quarterly dividends according to their stake. Through Ethereum smart contracts, these will be distributed in a secure, automated, and transparent way.
The upcoming ICO
In DDF’s ICO, a total of 247,500,000 DDF tokens will be issued, at a rate of 1 Ether per 1,000 DDF. Only Ether will be accepted on the ICO, and raised funds will be split into three hardware wallets, so that 70% can then be invested in the portfolio, and 15% in a reserve fund. The final 15% will be used to fund operations.
To participate, all investors need to do is buy DDF tokens by sending Ether to an address that will be listed on the DDF’s ICO page. After the ICO, the token will be listed on participating exchanges, in which investors will then be able to buy and sell them. U.S. citizens are not allowed to participate in the ICO.
The fund’s investment will focus 45% of its resources on cryptocurrencies, 27.5% on domain names, 7,5% on mining operations, and 5% on other digital assets. 15% will be reserved. If you would like to know more, visit DDF’s website. Alternatively, you can keep up with the fund via Facebook Twitter, or Telegram.
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