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Paxtradings Report: Apex Token Fund

//Paxtradings Report: Apex Token Fund

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What is Apex Token Fund?

The Apex Token Fund is the first tokenized cryptocurrency fund of funds. While a fund of funds is a standard investment vehicle in traditional financial markets, Apex has applied a tokenized framework in which $APEX tokens represent fractional ownership of the Apex master fund. The master fund is invested across the top performing crypto hedge funds, so $APEX tokens increase or decrease in value relative to the value of the underlying portfolio fund investments.

The tokenized framework allows the democratization of access to these top hedge funds, as any investor can purchase $APEX tokens. Moreover, $APEX tokens are tradable, meaning this is a liquid investment vehicle from day one.

— Apex Team

Paxtradings Quick Facts

  1. A tokenized fund of funds.
  2. Private Pre-ICO: $0.75 = 1 APEX token; Pre-ICO: $0.85 = 1 APEX token; ICO: $1 = 1 APEX token.
  3. Private Pre-ICO: January 1, 2018 — January 19, 2018; Pre-ICO: March 1, 2018 — April 30, 2018; ICO: May 1, 2018 — May 31, 2018
  4. 102,000,000 total available / 117,300,000 total supply
  5. Access to 8+ different crypto hedge funds.

Q&A with Apex Token Fund

Paxtradings: How does the APEX token function within the platform and why is it needed?

Apex team: $APEX is a security token, meaning it does not have a utility function within a platform, but instead is a tokenized representation of an investment. $APEX tokens represent shares of the master fund, which is in turn invested across the top ten performing crypto hedge funds. When the Apex fund is wound down between 2–3 years after launch, $APEX token holders will be paid out the commensurate value of the fund, based on their number of $APEX tokens.

Paxtradings: Was APEX Coin influenced to create this platform due to the attractiveness of diversifying investments or are you looking to help the users make sound investments?

Apex team: Apex provides broad, diversified exposure to the leading trading strategies in the space. As this emerging asset class continues to mature, it is becoming harder for the average investor to realize gains, or appropriately select lucrative investments. By holding $APEX tokens, investors effectively have their capital managed by professionals, who are engaged with the crypto market full time. This also means that $APEX tokens have true value based on investments that are actively managed by the top crypto fund managers. Another great benefit to the tokenized structure is that it allows investors access to funds that they were formerly unable to access due to high minimum requirements. This true democratization of investing is a new concept in the fund of funds space.

Paxtradings: Ari (Apex Managing Partner and CIO), did your experience with former U.S. President Barack Obama’s administration have any influence on this project?

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Apex team: My previous experience made me aware of emerging trends and disruption in the financial technology space at-large. Those trends include, automated investing (e.g. Wealthfront and Betterment), cryptographically secured databases (i.e. blockchain), and distributed ledgers. During my time in the administration, I had the opportunity to interact with various leaders of the fintech-oriented blockchain space, including Blythe Masters of Digital Asset Holdings and Chris Larsen of Ripple Labs (which created the Xrp token). This motivated me to dive deeper into the blockchain technology, learn about its potential uses beyond interbank settlements and into fundraising mechanisms (e.g. ICOs via ERC20), governance structures (e.g. DAO), and the tokenization of securities (e.g. Apex Token Fund).

Paxtradings: The team representing APEX and your many new partnerships are U.S. based, while APEX is based in the British Virgin Islands. Is APEX striving to become a regulated investment fund?

Apex team: The Apex Token will be offered to a limited amount of accredited U.S. investors, and resale to U.S. investors will be limited to accredited U.S. investors, as in compliance with U.S. Securities Law. Apex takes legal compliance very seriously, and as such we employ one of the world’s top legal firms — DLA Piper — to ensure we are compliant with the local regulatory requirements of every country we offer in. The security of our token holders is our biggest priority, and we can ensure the safety of their investments by taking these extra measures to ensure regulatory compliance across the board.

Paxtradings: According to a CNBC article from October 27, 2017, there are 120 crypto hedge funds out there, including several funds-of-funds. Which crypto hedge funds is APEX coin aiming to collaborate with?

Apex team: The Apex Token Fund will be investing in 10 of the top crypto hedge funds, based on these fund’s previous track records, team experience, and investment strategies. Some of these funds are Pantera, Multicoin Capital, Brian Kelly Capital Management, to name a few. A full list can be found at our site: apextokenfund.com. We also have done interviews with most of the fund managers of these funds to give token holders an idea of the strategies and teams behind our various partner funds. These interviews can be found at apextokenfund.com/blog.

Paxtradings: Christopher (Apex Managing Partner and CEO), in an article published on December 21, 2017 from whatinvestment.co.uk, you state: “Rapid evolution of the blockchain market has made it harder for individual crypto investors to realise consistent, substantial gains as they have to compete with advanced algorithms and data rooms afforded by new hedge funds.” Are you arguing that the crypto mantra of “do your own research” (DYOR) is not viable anymore? If so, is APEX the answer?

Apex team: I am arguing that it is becoming increasingly difficult to perform due diligence on deals and analyze the dynamic market. As the pace of acceleration continues to increase, with technical developments to protocols, and new projects emerging every day, someone who is not doing this full time will be hard pressed to compete with the maturing market. Apex provides an alternative to having to stay abreast of these changes yourself, as your funds are managed by professionals who are engaged with the space full time.

Paxtradings: How far along is the project today and when can contributors expect to use the platform? What does the roadmap look like for 2018?

Apex team: The private presale was completed on January 19. The public presale is in process, and will conclude at the end of March. The public sale will begin May 1. The fund will launch on June 1, 2018.

Paxtradings: As a non-Apex Token Fund question, we like to ask for unique predictions for the ICO and cryptocurrency space in the future. Where do you see both in the next 3–5 years?

Apex team: [Functional] governments and Central Banks will begin to issue state-backed cryptocurrencies. Central banks and financial institutions will begin to hold Bitcoin as a digital store of value. Most of the current cryptocurrencies will depreciate in value as token valuation models emerge and teams fail to execute on their roadmaps. Debt and derivative instruments will move onto a blockchain for settlement and perhaps origination. I expect at least some of these contracts to be underwritten using a cryptocurrency, such as a Stablecoin or Bitcoin.

Privacy-focused cryptocurrencies are widely adopted for non-drug and violence related transactions and as a store of value, particularly as people realize Bitcoin (in its current iteration) is not as private as they were lead to believe. Due to scalability and cost-related advancements in the protocol, Bitcoin will be worth over $100,000 by Summer 2020.

Private Pre-ICO Information

Private Pre-ICO begun on January 1, 2018 and sold out the same day. There was a total of 3,000,000 Apex tokens (APEX) available during the Private Pre-ICO, representing 2.5% of the total APEX supply.

$0.75 = 1 APEX token

Pre-ICO Information

Private Pre-ICO begun on March 1, 2018 and will end on April 30, 2018. There was a total of 10,000,000 Apex tokens (APEX) available during the Private Pre-ICO, representing 8.5% of the total APEX supply.

$0.85 = 1 APEX token

ICO Information

The main ICO will begin on May 1, 2018 and will end on May 31, 2018. There are a total of 89,000,000 Apex Token Fund tokens (APEX) available during the main ICO, representing 75.5% of the total APEX supply. A hard cap of $100,000,000 is set for this period.

$1 = 1 APEX token

The accepted currency for Apex Token is BTC, ETH, XML, and USD.

Apex Token Fund is an ERC20 token, so it’s important that contributors use ERC20 compatible wallets to send funds to the ICO smart contract, and to receive the Apex Token Fund tokens.

Token Distribution Information

There are a total 117,300,000 APEX tokens being created, with 102,000,000 available during the ICO phases.

Contribution information

Visit the Apex Token Fund website

  1. Click on begin registration
  1. Click on begin registration

2. Fill out your information

3. Confirm your email by clicking on the link inside the email that was sent

4. Click on Get Started

5. Complete Identity Verification and Investor Verification sections

Contributors will have their tokens distributed shortly after the end of the ICO.

Allocation

Team

View the Apex Token Fund website here.

View the only comprehensive list of active and upcoming Initial Coin Offerings (ICOs) here.

References

  1. Apex Token Fund Website, Apex Token Fund (2018)
    https://www.apextokenfund.com/
  2. Apex Token Fund Whitepaper, Apex Token Fund (2018)
    https://s3.amazonaws.com/scott-public-images/ptf/ApexWhitePaperv1.5-20171215.pdf
2018-03-12T20:45:42+00:00 March 12th, 2018|Categories: ICOs|

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