For a fund to want to invest, it must mean that they do not expect to get burnt by this investment, especially when the time comes for PHT is listed on exchanges. Also they must see a long term growth for this project - as a fund’s business model is about making good investments for their clients. So they are placing a lot of confidence in Photochain.
Fund investors have been burnt a lot by the December hype, so now they are being smarter and looking at the smart projects to invest in.
Topic: [ANN] UAE crypto fund purchases 25 million PHT tokens in Photochain project (Read 143 times)
April 18, 2018, 07:19:24 AM
April 17, 2018, 01:09:18 PM
We have closed the first big funding deal during our main sale, as a crypto fund based in the UAE buys into our project. The fund has acquired 25,000,000 PHT tokens — 13.9% of total tokens available — plus an option to acquire a further 4.6% of PHT tokens. The fund has asked to remain anonymous as part of the agreement.
We are very happy to have closed such a large amount for our first deal, as our talks with high potential investors continue and these news might have a domino effect.
Crypto funds recognize Photochain as a highly regarded ICO, as our expert ratings have consistently shown. They share our vision for long term execution — agreeing with our detailed product roadmap and future business projections — and align with us on our ambition to take 10% of the stock photography market by 2020.
This fund buys into a selected circle of high quality ICO’s, after which they promote the fund to institutional investors as a prime possibility to participate in such a diversified portfolio. Funds play a crucial role in traditional financial markets and it is an honor for Photochain to be selected in this capacity. Read the full story here or at Photochain.io
https://medium.com/photochain/photochain-agrees-deal-with-uae-crypto-fund-for-25-million-pht-tokens-f714c7b5ff2f
(words of Photochain, not mine)
We are very happy to have closed such a large amount for our first deal, as our talks with high potential investors continue and these news might have a domino effect.
Crypto funds recognize Photochain as a highly regarded ICO, as our expert ratings have consistently shown. They share our vision for long term execution — agreeing with our detailed product roadmap and future business projections — and align with us on our ambition to take 10% of the stock photography market by 2020.
This fund buys into a selected circle of high quality ICO’s, after which they promote the fund to institutional investors as a prime possibility to participate in such a diversified portfolio. Funds play a crucial role in traditional financial markets and it is an honor for Photochain to be selected in this capacity. Read the full story here or at Photochain.io
https://medium.com/photochain/photochain-agrees-deal-with-uae-crypto-fund-for-25-million-pht-tokens-f714c7b5ff2f
(words of Photochain, not mine)
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