Today we have prepared several important news for our investors and subscribers. We thought, what news must be told first, and decided that it would be better to start with a good one.
We are pleased to announce that two projects from the first Hypercube Ventures pool continue preparations for the launch. The start, in our understanding, is the moment when the project is already starting to earn and make a profit, which we all are waiting for. But the circumstances, which we will discuss below, forced us to tell about this earlier.
Projects that are almost ready to launch are Hypercube Billing and TetraTerra. The first project team is at the final stage of completion: it finishes writing the program component and is in the process of waiting for the necessary permits. The team of the second project, except for software development, is preparing documents for the company's opening. After the launch of these two startups, the third project, First Venture Insurance, will be prepared.
"How can you run as many as two projects and prepare a third one if the ICO has not raised the necessary funds?", - investors often ask us about cryptocurrency in the chat rooms. Obviously, these people did not carefully study the documentation and even the fund website. We answer this question again:
ICO Ventureon is not the only (and especially not the main) source of financing that Hypercube Ventures has. From the very beginning of its existence, the fund cooperates with private investors and other Western funds, which bring the necessary amount of funding. Therefore, we have the opportunity to maneuver and, if necessary, accelerate the development of projects. ICO Ventureon for the fund is a separate, pilot project designed to complement the created ecosystem of launching startups in the niche of blockchain. But its participants, in this connection, in no way carry additional risks. It is exactly the opposite
Please note that since the launch of the closed pre-sale, only 4 months have passed, and half of the pool projects are already at a low start. How many ICOs can boast of similar results? ICO Ventureon we continue in the previous regime, as was mentioned in the previously published release, so we will not repeat it again.
We also made sure that investors do not worry about their investments, waiting for them to be in demand by a current project. We launch a robot trader from December 25 to ensure that even during this waiting period the investor could receive additional profit. Thanks to the Hypercube Trust service, which fund investors and ICO members are already familiar with, all attachments are automatically transferred to a cryptocurrency asset.This is demonstrated in the investor's account in his personal account. The robot trader increases the invested capital even before it is used by the startup team. While the projects collect the necessary funding, the investor's invested capital already generates revenue. The service has two modes: manual and automatic. In manual mode, you independently monitor the growth and fall of the cryptocurrency and transfer your contribution to a particular currency without the help of an automated trader. In automatic mode, the program analyzes quotations on world stock exchanges and retains capital in that cryptocurrency that grows faster than others. This happens automatically in non-stop mode, without taking up your time.
Against the backdrop of all the positive news there is one negative one. In our environment, particularly among investors, there appeared extremely impatient individuals who, through provocations, wish to return their deposits. They not only let the team down and their сolleagues - investors, but also damage the reputation of Hypercube Ventures. They threaten to collect a group of the same "deceived" and file a class action lawsuit against us. We asked our lawyers to comment on this situation:
"The investment in Ventureon ICO is confirmation by the investor of the fact of unconditional acceptance of all obligations, risks and conditions associated with venture investment. Because of the fact, that investors from very different countries take part in the VentureOn ICO project, the use of legislation that can resolve any disputable issues is chosen taking into account the norms of private international law. Hypercube Ventures LP, has chosen the laws of England and Wales, in particular, the contractual law of these countries. The desire of the investor without the proper grounds (for example, failure by our company to fulfill its obligations, refusal by our company to fulfill its obligations, violation of the terms of performance of obligations, etc.) to withdraw its funds is a unilateral refusal of the investor to fulfill its obligations under the contract. In this case, our company, according to the rules of the contract law of England and Wales, is the injured party and has the right to demand from the party that violated the obligations to recover all the losses incurred, including "missed opportunities", reputation losses, moral harm. Accordingly, the funds contributed by the party unilaterally refusing to fulfill its obligations under the contract are an integral part of compensation for the losses of our company as the injured party from the early termination of the contract by an unfair investor. The full amount of compensation will be calculated additionally and exposed to such an investor in the relevant claim. Such an unscrupulous investor may demand any refund by submitting an official written claim with reasonable requirements for the return of funds that have been credited to the account through the private office. The claim must be drafted in English or French, sent to the Hypercube Ventures LP mailing address listed on the company's website no later than one month after the account was blocked. The time for consideration of the claim is not more than 90 days from the moment of its presentation to the official representative of Hypercube Ventures LP.".
We decided that those who raised an unreasonable panic would be blocked in the Personal Account and on all of our company resources, and also suspended from participating in the distribution of shares.
Congratulate you and your family with the upcoming Christmas and New Year! We wish you success and prosperity. Gifts from Hypercube Ventures are on the way. Follow our announcements.