Basics (venture fund)

Basics (Cayman Islands GP/LP Venture Fund) is the fund focused on investments into blockchain infrastructure. Integrates in itself lines venture and a hedge fund.

History

2017: Start

The Waves platform announced on December 28, 2017 start of the Basics fund focused on investments into blockchain infrastructure. The initial volume of the involved investments will be $10 million. It is going to increase this indicator to $30 million by the end of April, 2018.

Investments will be performed in the traded cryptoassets and a blockchain projects at early stages — pre-sale, pre-ICO. The fund will also be engaged in arbitration and Event Driven in trade. It is supposed that Basics will pointwise select the most interesting to investments a solution blockchain, analyzing them regarding technologies, commands, applicability and uniqueness.

Alexander Ivanov and Maxim Kuzin, the highly skilled asset manager manage fund. Legally the project functions as Cayman Islands GP/LP Venture Fund.

It is planned that Basics will increase a portfolio due to entry into the most interesting infrastructure and technology a blockchain projects, implemented by strong teams with good track record, counting on> the 10th growth on the horizon 2-3 years with multiple advancing of dynamics of the market.

Waves supports mass implementation of blockchain technologies in economy — Alexander Ivanov commented on an event. — Therefore for us important not only to provide technology superiority of our platform, but also to participate in regulation development, to show specific examples of use of a blockchain. We cooperate with outstanding experts from the sphere of asset management and we create fund for professional investors. I am sure, start of fund will allow to replicate the best of existing in the market the practician and also will show all potential of blockchain technologies.

In spite of the fact that the Basics fund has many similarities to classical venture funds, focus on blockchain technologies means that there is a number of key distinctions. Transactions thanks to tokens are made quickly, and the cost of their carrying out is low. In a case with VC funds, the term of the transaction can be several months, and costs for its carrying out will be much higher. Besides, tokens have bigger liquidity in comparison with assets of traditional VC, explained in Waves.

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