Open Source Luminary Marc Fleury Enters Crypto Arena with Announcement of New Crypto Asset Class and Continuous Token Offering Sale

Dr. Marc Fleury Ph.D. a well-known open-source guru and founder of JBoss (acquired by Redhat for $420 million in 2006) has introduced the launch of Two Prime, a fintech agency that focuses on the monetary functions of crypto to the actual financial system. Atomic Capital founder Alexander S. Blum can be appearing COO and Fleury will helm the challenge as CEO. They plan to  introduce what they are saying is a brand new breed of cryptocurrency with safeguard mechanisms that use actual belongings.

In a press launch, Fleury stated:

“It’s been 11 years since Satoshi Nakamoto revealed the now notorious Bitcoin Whitepaper. Regardless of its debut instead monetary structure in response to the monetary disaster, crypto has but to succeed in its full potential as a viable asset. The trade has largely been centered on discovering blockchain’s ‘killer app,’ which has not been fruitful so far and largely ignores Bitcoin’s unique thesis — monetary functions. To ensure that the trade to mature and evolve, we should refocus on finance and check out the place crypto has succeeded. Particularly, crypto has succeeded 1) as a retailer of worth; 2) in speedy fund formation, as demonstrated throughout the ICO growth; and three) within the prevalent use of asset-backed tokens within the markets. By bridging the very best practices of conventional finance and crypto, our intention is to create a brand new asset class by making use of conventional monetary fashions and theories to crypto and bringing belief and professionalism to the trade.”

Based mostly in Hong Kong, the corporate is providing a Continuous Token Offering (CTO) so as to construct funds raised to assist make crypto a correct new asset class that appeals extra to the monetary world.

“One of the best successes of cryptocurrencies is in speedy fund formation, as demonstrated throughout the ICO growth,” stated Alexander S. Blum. “In 2017, seed funding for startups by way of tokens choices on exchanges overtook personal fairness. As VCs usually shun the seed stage, it stuffed a distinct segment that conventional monetary gamers left unaddressed. In stark distinction with VC or PE buildings that lock up restricted companions to their investments for years, the ICOs offered a liquid instrument for purchasers. Sadly, in a traditional case of misallocation, many ICOs in 2017 wasted their proceeds on ineffective tech, lavish events, and illicit actions. With the CTO, Two Prime goals to carry conventional asset allocation to crypto so as to reignite speedy fund formation, restore the trade’s repute, and professionalize the crypto markets.”

In response to a report by David Pan at Coindesk, Two Prime intends to launch an preliminary 5 million tokens (simply 5 p.c of the 100 million to be created in complete) onto the secondary markets, with the remaining being launched over the subsequent 10 years which mirrors the strategy taken by Ripple and its XRP gross sales and extra resembles fairness fundraising.

Two Prime’s FF Accretive Token (FF1) will initially to be traded on Japan-based crypto trade Liquid in late February, beginning at $three per token.

Calling it a brand new breed of token on their web site, they add that the FF Accretive Token (FF Token) is an element Retailer of Worth and half Asset-Backed token and worker a mannequin that leverages the fund formation dynamics of crypto exchanges by way of the Continuous Token Offering.

“A Continuous Token Offering permits a list to fund itself over time whereas displaying actual progress to the markets, changing the atom bomb of ICOs right into a managed and sustainable nuclear reactor.”

CEO Fleury has apparently dedicated $2 million of his private wealth to the fund and additionally revealed to CoinDesk the primary exterior investor in its token is Hong Kong-based personal fairness agency SIB Funding Ltd.

The press launch additionally famous that the FF Accretive Token will de-risk digital belongings by way of the standard mannequin by way of making rigorously calculated capital allocations, and enhancing fund’s efficiency by investing in real-world initiatives, together with BabelFinance, one of the world’s largest industrial crypto finance establishments, and main crypto funding fund NGC Ventures. Two Prime is registered in Hong Kong and FF Accretive Token represents a brand new asset class. The token is anticipated to be listed in Q1 2020 on Liquid, a cryptocurrency trade with greater than US$50 billion in transactions, and could have a securitized providing within the U.S.

About Richard Kastelein

Founder and writer of trade publication Blockchain Information (EST 2015), a companion at ICO providers collective Token.Company ($750m+ and 90+ ICOs and STOs), director of training firm Blockchain Companions (Oracle Companion) – Vancouver native Richard Kastelein is an award-winning writer, innovation govt and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain know-how and startups at Blockchain Information and has additionally revealed pioneering articles on ICOs in Harvard Enterprise Overview and Venturebeat. Irish Tech Information put him within the prime 10 Token Architects in Europe.

Kastelein has an Advert Honorem – Honorary Ph.D. and is Chair Professor of Blockchain at China’s first Blockchain College in Nanchang on the Jiangxi Forward Institute of Software program and Know-how. In 2018 he was invited to and attended College of Oxford’s Saïd Enterprise Faculty for Enterprise Automation programme.  Over a half a decade expertise judging and rewarding some 1000+ innovation initiatives as an EU knowledgeable for the European Fee’s SME Instrument programme as a startup assessor and as a startup decide for the UK authorities’s Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain know-how in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He’s a Canadian (Dutch/Irish/English/Métis) whose writing profession has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He is written often for Harvard Enterprise Overview, Wired, Venturebeat, The Guardian and, and his work and concepts have been translated into Dutch, Greek, Polish, German and French. A journalist by commerce, an entrepreneur and adventurer at coronary heart, Kastelein’s skilled profession has ranged from political publishing to TV know-how, boatbuilding to judging startups, skippering yachts to advertising and marketing and extra as he is travelled for almost 30 years as a Canadian expatriate dwelling all over the world. In his 20s, he sailed all over the world on small yachts and wrote a sequence of journey articles referred to as, ‘The Hitchhiker’s Information to the Seas’ travelling by hitching rides on yachts (1989) in main journey and yachting publications. He at present lives in Groningen, Netherlands the place he is elevating three teenage daughters with his spouse and crusing companion, Wieke Beenen.

Go to Web site

  • Open Source Luminary Marc Fleury Enters Crypto Arena with Announcement of New Crypto Asset Class and Continuous Token Offering Sale – January 16, 2020
  • UN Warns Public Not To Attend North Korea Blockchain and Cryptocurrency Convention 2020 – January 16, 2020
  • Fiat-to-Crypto Gateway Answer, Banxa, Raises $2 Million USD Sequence A Spherical Led By NGC Ventures – January 15, 2020
  • United Africa Blockchain Affiliation Plans to Hearth Up Blockchain Adoption – January 14, 2020
  • Thai Actor and Sufferer’s Bitcoin Buddy Implicated in Kidnapping and Ransom of Singaporean Nationwide in Thailand – January 14, 2020
  • Securitize Runs First-Ever IRA Funding In Digital Securities – January 14, 2020
  • NBA Star Spencer Dinwiddie “Tokenizing” His Contract With or With out NBA Inexperienced Mild – January 13, 2020
  • European Central Financial institution President Christine Lagarde Says ECB Bullish on Digital Currencies – January 13, 2020
  • Canadian Crypto Firm Voyager Digital Completes Acquisition of US Registered Dealer-Seller – January 13, 2020
  • Cogito, Hong Kong-Based mostly Leisure Studio, Launches Decentralised Autonomous Digital Horse Racing Recreation – January 9, 2020
  • Blockchain Bandwagon Firm Longfin CEO Settles with US SEC for $400,000 – January 7, 2020
  • Winklevoss Brothers Spend money on $5 million Seed Spherical for TaxBit – January 7, 2020
  • Securrency Secures $17.65 million in Sequence A funding spherical Led by WisdomTree – January 7, 2020
  • Measure Protocol Backed with £2m in New Funding for Blockchain-Powered Particular person-Based mostly Information Market – January 7, 2020
  • The Subsequent Wave of Crypto – Traction is Key – And Cell Mining is Gaining Huge Adoption – January 2, 2020
  • Google Reverses Metamask Ban from Playstore – January 1, 2020
  • Bankex Launches Token Alternate Engine in Telegram – December 31, 2019
  • Josh Lawler: Distributed Info — The Lacking Hyperlink to Fixing “Pretend Information” – December 31, 2019
  • 2gether Provides WAVES to it’s Roster of Cryptocurrencies Built-in to the 2gether Pay as you go Visa Card – December 18, 2019
  • 2nd Open Name for EU-Funding As much as Fairness-Free €200Okay Funding for 16 Fortunate Blockchain Startups to Construct MVPs – December 16, 2019

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