HACK VC Token Sale
HACK VC is a liquid venture fund on the blockchain. HACK is the Ethereum-based token issued to HACK VC investors.
Hackers/Founders (H/F) is an organization that has been investing in top startups through an expansive global network. H/F’s portfolio of fifty-five technology startup companies has produced seven exits in only five years, including acquisitions by Facebook and Cisco.
Hackers/Founders (H/F) created HACK VC to bring its successful approach to the blockchain, increasing accessibility and liquidity for investors.
Traditional startup investors can only realize gains when a company is purchased or goes public. Liquidity events, such as acquisitions or IPOs, rarely happen in Silicon Valley, and even less so elsewhere. As a result, investors seldom profit, and have to wait approximately a decade to find out if they made a good investment decision.
However, HACK VC is liquid. Investors in HACK VC can buy, sell and trade tokens in a fund that derives value from H/F’s pool of well-performing startups. HACK tokens act like digital stock certificates.
Hackers/Founders manages a portfolio of post-product stage tech companies, and provides services in exchange for equity. Equity is combined into funds and offered to investors. H/F’s four funds have yielded seven exits in five years.
H/F launched its first tech entrepreneur group in Silicon Valley, and over the past decade, the community has grown to over 300,000 people in 128 cities and 47 countries. This unique network is key to H/F’s ongoing access to high-quality startups for its portfolio.
A community-sourced selection process translates into higher quality startups in the H/F program, and these portfolio companies tend to outperform similar companies in other funds or accelerators. Unlike others, H/F individually tailors its program to meet the needs of each startup. The result is that the H/F portfolio has seven exits out of fifty-five companies in four funds.
HACK VC will benefit from the same processes, community and experience that resulted in seven Hackers/Founders portfolio exits over the past five years.
With the use of blockchain technology, HACK VC will make it more possible for people at every level and in every part of the world to invest in startups. In addition, the liquidity of HACK VC means investors will be able to reap the rewards of a diversified startup portfolio without having to wait for years.
HACK is a new Ethereum-based token issued by HACK VC, and can be bought, sold and traded through online exchanges as a liquid transaction.
HACK is based on the ERC223 protocol. ERC223 solves issues with the ERC20 standard while remaining backwards compatible with ERC20-compliant wallets. HACK is a tradeable digital token that can be used for participation, representation, proof of membership in H/F or any other suitable purpose.
KrowdMentor, a strategic investment and advisory firm empowering blockchain investors, funds, startups and entrepreneurs, developed the token. KrowdMentor also provided smart contract development, smart contract management systems as well as through other advisory roles in support of HACK VC.
Token Sale Launches After Cap Stage 2 Reached
Token exchange rate
1 USD = 1 HACK
Currency received: ETH, BTC
Minimum transaction amount:
buy 1 HACK
US: $ 50K
Rest of the world: $ 1
Revealed when 80% achieved
Token Sale Bonus
Allocation of Token
70% Token Discount
5% Operational & Advisory
75% Total Token Sales
20% Reserve Company
Founder Portfolio 3%
2% Community Development
25% Company + Misc.
75% of all tokens will be allocated for sale, with 5% of the amount leading to operational costs. Any additional operating costs will be borrowed from the remaining 70% and will be paid back at 5% interest per annum.
The company reserves will calculate an additional 20% of all tokens. The company will impose a 4-year vest with a 1-year cliff for every evidence issued to the team. 3% will be distributed to the founders of the H / F portfolio company and 2% will be used for community development.
Presale Phase 1 begins
Wednesday 15 November 2017 at 12.00 PST
Visit hackvc.hf.cx for more information or to participate
Token exchange rate
$ 1 USD = 1 HACK
Currency received: ETH, BTC
Minimum transaction amount: purchase 1 HACK
(US citizens have a higher minimum due to existing laws Contact us for more details)
You can get a HACKVC token for free If you are a member of the Bitcointalk forum.
1% Hack token issued will be given to people who share their time, knowledge, expertise and help all of this come true.
The stock you will get from your campaign will get 1% Token Hack at the end of the campaign.
Bounty will be divided among participants in proportion to the amount of the bet.
Total Bounty Pool will be divided as follows:
Twitter Campaign — 10%
Facebook Campaign — 10%
Translator & Moderator — 20%
Blog + Medium — 30%
Signature Campaign — 15%
Telegram Campaign — 5%
Youtube Campaign — 2.5%
LinkedIn Campaign — 2.5%
Medium Campaign — 2.5%
TokenMarket Campaign — 2.5%
Details Information :
My profile Bitcointalk:https://bitcointalk.org/index.php?action=profile;u=1018014