Lets take a deep dive into the Befund platform today,
Befund wants to be your professional cryptocurrency financial advisor. In a world that is largely still relatable to the Wild West, the Blockchain and Cryptocurrency industry is undergoing a regulatory assault that has increased scrutiny of ICOs and other platforms in more recent years.
The people working on Befund recognize this problem. They know that for everyday cryptocurrency consumers (especially those who are new to this space) must wade through a peat bog of ICO scams and shady platforms/forks that look legitimate. For the newcomer to this space, the amount of scams that pop up each week can be daunting to face.
So Befund as a platform wants to help you with that. The platform is based around providing users and fund manager's with tools to build their own cryptocurrency funds, and gain access to professional advice within the network. On the Befund platform, user's can issue tokens to be used in their ICOs (not for scam purposes just to clarify!) and Befund acts as a conduit for investment, management and clearing assistance.
Their are two main components to the platform.
The first is a technological solution for fund subscription platforms. Befund can be seen as an all-in-one solution for cryptocurrency investors where they can find compliance audit services, gain access to crypto-valuation reports, and participate in offline activities that are sponsored by the platform. On top of this, Befund provides users with crypto financial planning advice, and allows for interaction with major industry players, gurus, hedge funds, private equity and angel investors.
The second component of Befund is a Management Toolkit for cryptocurrency funds. These tools include such staples like Crypto wallets and SaaS tool platforms.
And of course, Befund wouldn't truly be a blockchain company if they didn't have their own cryptocurrency to back the platform up.
BFDChain Token (BFDT) is the proposed cryptocurrency that will be issued on the Befund network. BFDT would be needed for all token sales and is a requirement for accessing smart contract templates and modules with the Management toolkit. For those who HODL a lot of BFDT, they will receive priority for all advance token sales.
The project was designed to help eliminate the global and geographical constraints that hold back fiat currency markets, while utilizing blockchain technology to improve trust between international funds and global investors. Each fund has a professional managing and investing in it, just like a mutual or hedge fund. Banks can also work in this financial ecosystem on BFDChain, and through collaborations and partnerships can do business on the main chain.
BFDT has a grand total of 2 billion tokens to be issued with the following breakdown:
- 9% to Strategic backers
- 25% to private buyer's who have passed Know-Your-Customer protocol.
- 20% to the Befund team
- The rest of it (around 800 million BFDT) to be distributed to the network through consensus and transactions.
As a fund subscription platform, Befund looks like a solid project that can help bring blockchain to the mainstream fund investing space. With it's token sale right around the corner on May 16, 2018, so be sure to stay tuned for when this platform launches!