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Bnk To The Future Is Changing The Way People Invest In Startups

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The blockchain industry is closing in on a decade worth of development and innovation but, to many, this remains a brand new sector. The wave of mainstream interest in the space that’s arisen, for the most part, over the last twelve months, has led to many (who are new to bitcoin, blockchain and cryptocurrency) believing that the companies that comprise the industry are all brand new.

On the contrary, a number of companies have developed and grown alongside bitcoin and other early entrant cryptocurrencies, fostering the build-out of the infrastructure and framework that now supports this $500 billion dollar plus industry.

One of those companies is Bnk To The Future.

Back in 2010, Bnk To The Future founder Simon Dixon set out to create the largest and most reputable online investment platform in order to co-invest with other professional investors in the future of finance and technology.

Since that date, and in line with the tremendous growth we have seen in the bitcoin and blockchain spaces, the company has logged over $250 million interested in funding rounds listed on its platform, has invested in some of the biggest and most well-known blockchain startups (long before the term ICO was coined), has developed a portfolio and provided investors with access to some of the biggest names in the space and has paved the way for a completely reimagined future financial and investment landscape.

But it doesn’t stop there. Indeed, this really could be just the beginning for the company and its platform.

As outlined in this white paper, Bnk To the Future investors have pushed the company to offer next-level access to some of the up and coming top tier blockchain companies and, in response, Bnk To The Future has developed (and intends to launch this year) a secondary market with a compliance-driven Blockchain-based trading platform.

In line with this launch, the company is launching a token called the BF token, which it intends to use as the basis for the technological and community-driven demands of the secondary market and its associated platform.

The token solves a number of problems that face this sort of secondary market right now.

For example, it can be used to incentivize investor relations activity between the companies that Bnk To The Future’s platform investors are invested in and the companies themselves.

But that’s not all. Through a combination of the token and the secondary market, investors in the platform and its companies will be able to trade equity in the funded companies among one another, which should serve to provide liquidity for these (essentially) privately owned entities – something that for all intents and purposes doesn’t exist right now and certainly is something that’s available to anyone outside of the high net worth venture capital circles that have dominated tech startup financing historically.

Essentially, and as pointed out at the end of last year by Bloomberg, what Bnk To The Future is trying to create is a competitor platform to the Nasdaq Private Market, but with a primary focus on blockchain technology.

Focused on, that is, and built using, blockchain technology, of course,

So what’s next for Bnk To The Future?

This space is one that’s riddled with regulatory risks and potholes and, as such, progress has to be slow and steady as opposed to the company employing a ‘try it and see’ approach. This will ensure that there’s no (or at least reduce the risk of) trouble down the line, but it also means that the hard work is front-loaded as far as progress towards the above-outlined goals is concerned.

With that said, the company is already (tentatively) distributing its BF tokens as part of an early pre-registration program. By the third quarter of this year, the goal is to launch the full tokenized securities marketplace with Bnk To The Future’s first two companies on its secondary market.

Check out the company’s White Paper here.


Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of bnktothefuture.com

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Bitcoin Price Dumps Below $41,000 Amid Uncertainty

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Bitcoin price dumped hard on Monday, briefly slipping below $41,000, erasing gains recorded in the previous week. The premier cryptocurrency seems to have exhausted its recent rally propelled by industry vulnerabilities. At the time of writing, the world’s largest cryptocurrency was trading slightly lower at $41,385. Bitcoin’s total market cap has dipped by 2% over the past day, while the total volume of BTC tokens traded over the same period climbed by 58%.

Fundamentals

Bitcoin price has been facing retracements and a rollercoaster over the past few days after recently rocketing to a 20-month peak. On-chain data has suggested that many investors used the opportunity to take some profits, leading to a decline in the asset’s price.

Bitcoin’s price slump is mirrored in the wider crypto market, with the global crypto market cap decreasing by 1.85% over the past 24 hours to $1.55 trillion. The total crypto market volume has increased by 32% over the same period. The Crypto Fear and Greed Index has plunged from a level of extreme greed to a greed level of 70, suggesting a decline in risk appetite.

Ethereum, the largest altcoin by market capitalization, is currently trading at $2,167, down almost 3% for the day. Meme coins have been hit hard by the market slump, with Dogecoin and Shiba Inu down by more than 4% over the last day.

Last week on Thursday, cryptocurrency experts took notice of…

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Bitcoin Price is in Consolidation Mode Despite Market Optimism Post-Fed Decision

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Bitcoin price edged lower on Thursday despite optimism in wider markets on the back of the Fed’s interest rate decision. The flagship cryptocurrency has been consolidating above the critical level of $42,000 after briefly topping $44,000, its highest level in 20 months. Bitcoin was trading 0.71% lower at $42,569 at press time. BTC’s total market cap has increased by more than 3% over the last day to $832 billion, while the total volume of the asset traded over the same period jumped by 22%.

Economic Outlook

Bitcoin price has been trading sideways over the past few days, suggesting a pause in its recent rally towards $45,000. The premier cryptocurrency has decreased by 4% in the past week but remains 15.22% higher in the month to date. The digital asset has staged a significant recovery this year after a torrid 2022 in which a string of scandals, including the collapse of FTX, led to a market meltdown, undermining the credibility of the sector.

The crypto market has been buoyed by the Fed’s latest interest rate decision. The US Federal Reserve on Wednesday held its key interest rate unchanged for the third consecutive time, in line with market expectations. With the easing of the inflation rate, members of the Federal Open Market Committee (FOMC) voted to keep the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%.

Additionally, the central bank indicated that three rate…

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Bitcoin Price Blasts $44K in Spectacular Surge as Spot Bitcoin ETF Approval Looms Large

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Bitcoin price has been hovering above the $43,000 psychological level over the past two days amid anticipation about the potential approval of a spot bitcoin ETF. The flagship cryptocurrency has climbed more than 16% in the past week and nearly 170% in the year to date. Bitcoin’s total market cap has increased by nearly 5% over the past 24 hours to $858.9 billion, while the total volume of the token traded rose by 43%. The Bitcoin price was trading at $43,914 at press time.

Fundamentals

Bitcoin price has posted significant gains over the past few days, climbing to its highest level since April 2022, before the crash of a stablecoin that started a litany of company failures, pummeling crypto prices. The world’s largest cryptocurrency briefly topped the crucial level of $44,000 on Wednesday amid rising momentum despite being massively overbought.

According to analysts, with no spot bitcoin ETF approvals yet and the halving event five to six months away, the market is riding on FOMO. Capital has been flowing in the Bitcoin market amid enthusiasm that the launches of spot ETF will bring in billions of dollars of new investment into the crypto sector.

Investors have already started providing capital as seed money for ETF products. Notably, a recent report by CoinDesk showed that the world’s largest fund manager, BlackRock, received $100,000 in capital from a seed investor for its spot bitcoin exchange-traded fund…

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