BnkToTheFuture will be offering qualifying investors a no win / no fee structure when converting their BFX tokens. We charge nothing to invest and no management fee and we provide you with a platform that has been in development for over 5 years to communicate with the team, download all legal documents online and a team of support staff that will be available as well as a team constantly developing the platform to streamline distribution of any returns, communication with investors, displaying important information for investors and a structure that has been through the due diligence of our legal counsel in several jurisdictions as well as our registration with our regulator CIMA to offer additional investor protections.
Our only fee is if you receive returns . We charge 5% of dividends and 5% of any exit proceeds should they be paid.
In summary we are offering no fee on the way in and 5% should you receive dividends or exit proceeds in order to cover the cost of providing all the tools you need to track your investments in a compliant environment that will continually develop as we have a whole team and funding dedicated to doing what we do.
As an example we have provided a deep integration with Bitfinex to allow easy conversion of BFX tokens through the platform with all the records and documentation you will need to completely streamline the process. We intend to continue development of such integrations to help you manage your investments and receive your returns and have access to all the information you need when you need it. We have also completed the ability for you to receive your returns to your Bitfinex account meaning you can convert your returns to Bitcoin or other Bitfinex supported currencies.
We also provide an invaluable private investor forum to communicate with the management team on an on-going basis giving you more transparency, access and the benefit of other investors questions, due diligence and intelligence as the company progresses. You can see see how the forum works and how responsive the management has been by visiting the Bitfinex pitch now from within your Bitfinex account. This forum will only be available to our SPV investors and the Bitfinex management team once the conversion period ends.
You will need a minimum of 1,000 BFX tokens and an account with BnkToTheFuture, but there is no maximum.
While there is no secondary market, your SPV shares are still fully transferable to another qualifying investor and held in your name on a private register. You will be able to register your shares in joint names or in a company structure.
Here is a copy and paste from our FAQ on our SPV structure should it help too:
If a pitch reaches at least its minimum funding goal then a special entity is set up called a ‘Special Purpose Vehicle’ (SPV). This SPV is like a company that does nothing else but hold your investment for you and you will own shares in the SPV.
Additionally an agreement is put in place called the ‘Investor Agreement’ which lays out the terms of how the SPV will represent your interests in the investment and is displayed when you select to convert and will be available for download in your investment portfolio online whenever you need it alongside your share certificates. This is all outlined at point of investment.
Benefits for investors
In the absence of an SPV and investor agreement, investors would normally hold the shares in each investee company directly as registered shareholders.
Investors are left to manage the administration of their investments on their own, tracking corporate events, attending meetings and issuing consents where necessary. The bureaucratic hassle alone can be a pain, but the far greater problem is that there is no coordinated effort to monitor and enforce shareholder rights. Without the coordinated effort, minority shareholders can easily fall prey to abusive actions by directors and majority shareholders.
The SPV and investor arrangement also helps your investment grow as it can prevent companies having issues in the future when raising additional capital caused by having too many shareholders. Having too many shareholders can often block deals due to the fact that the company shareholder register is too complicated to administer.
BitFinex & BnkToTheFuture Update Video
BnkToTheFuture is a global online investment platform that allows qualifying investors to invest in the future of finance and technology by offering financial innovation and technology investment opportunities online. BnkToTheFuture has hosted funding rounds resulting in over $70m worth of investments from qualified investors over the past year including investments in BitPesa, Uphold, ShapeShift and many others. They now host the largest global community of qualified investors investing online in FinTech, Bitcoin, Blockchain and Technology companies.
You can find out more About Us here.