Topic: 🔥[ANN][STO]Isonex: Boost Your Portfolio Returns & Outperform BTC by 189%🔥 - page 3. (Read 1147 times)

Dear Dhoe

Thank you for your question.  The 97% we are referring to is the fund allocation.  For example if we raise USD 100k then 97% of that will go to purchase the cryptocurrencies in the fund, therefore USD 97k.  If we raise USD 10k then USD 9.7k will go to purchase the cryptocurrencies in the fund.

Continuing with the example above.  Once the token sale is over, we collect all the funds and purchase the cryptocurrencies in the top 15 equally dollar weighted, which means USD 970k divided by 15 coins = USD 64667 for each coin.  BTC, ETH, XRP....... to the 15th Coin. 

The remaining 3% will go to paying for exchange listings, legal costs etc.

There will not be a cancellation of listing on exchange because there is no soft cap.  Whatever amount we raise we will launch with because like we said we are not raising money for development, we are raising money to invest in the top 15 digital currencies.  We are already fully developed.

Appreciate your response here. And we all know that you are not the first to have that disclaimer.
Most of the blockchain platforms have that kind of disclaimer.
But the difference is, you put your time to properly answer my questions.
Most of the time it will just be ignored by the dev team.
So I think, I am seeing that you are addressing issues and concerns from the community which is a good start.
I do hope that we will still see this kind of response after your STO. Good luck!

Please read the following article published by our legal counsel regarding our responsibility as token issuers - https://www.loebsmith.com/cayman-legal/digital-assets-five-questions-to-ask-your-cayman-counsel/143/

"ICO founder teams and promoters looking at the Cayman Islands for incorporation of their company or companies were warned that, while the Cayman Islands had flexible pragmatic rules encouraging business and innovation, they also had stringent anti-money laundering (“AML”) and know-you-customer (“KYC”) requirements. In addition, other regulatory requirements may be applicable and the company and even its directors and founders may be held liable, under certain circumstances, for any misleading statements made in the White Paper or in additional documentation communicated to token purchasers."

If we are held liable for statements in our White Paper how much more liable are we for the funds we raise.

Obligations under the Cayman Islands Companies Law (2018 Revision) (the “Companies Law”)

Directors are generally not liable except in cases of negligence, fraud, breach of fiduciary duty, or an action not within their authority which is not ratified by the Company.

As you can read from above, the Directors of Isonex Capital are liable for fraud or breach of fiduciary duty. 

Regardless of the disclaimers in the White Paper, Isonex Capital Directors are responsible for the funds raised. 

As mentioned earlier, we would have wanted to list on a larger exchange however because IX15 would be considered a security token in most jurisdictions, we were turned down from the larger exchanges.

Fund raising is important but because Isonex Capital is 100% self funded and fully developed, it is not a concern compared to traditional ICO's that are raising money for development.  Isonex Capital is raising money to purchase the underlying assets in the fund. 97% of every dollar received will go to purchasing the cryptocurrencies in the fund and the remainder will go to pay for more exchange listings, legal and marketing.

I hope this answers your question. 

Dear Dhoe, thank you for your question. 

A few things to take note of:

1. The exchange that we list on is almost irrelevant for IX15 investors because IX15 holders can liquidate anytime via the Smart Contract

2. The specified hard cap has been put there because the market cannot at this moment in time handle more volume for the 15th coin in the fund. The fund is equal weighted which means that there will be the same dollar value in BTC as there will be in X 15th coin, obviously X 15th coin will have less volume available to trade than BTC, which is why we have capped the fund at USD15 million.

3. IX15 does not have a soft cap because the cost of running such an operation is low (which is why the annual costs are 0.5%)

4. we would have jumped at the chance to list on any of the major exchanges however none of them excepted our offering because undoubtedly IX15 is a security token.

5. 97% of the fund raised will go to purchase the underlying assets, the rest will go to listing the token on exchanges, legal and marketing costs.

6. Cayman Islands regulations are strict with their requirements for KYC / AML in relation to cryptocurrencies because cryptocurrencies are considered legal tender in their jurisdiction.

They have a cooperative relationship with Exchange Exmarket, so they will most likely sell their tokens on the Exmarket Exchange. If it's true then I'm a little pessimistic about them can reach the specified target. Indeed, selling tokens in large markets can definitely help with the fundraising for sure, But they must have large funds to be able to list there.

Which exchange are you gonna conduct your STO? Go for big ones with large volumes, it will definitely help with the fundraising for sure.

That's classic, WP is not a legal document. All projects do the same to protect themselves from SEC. Only the difference between most of token sales out there - which promise huge returns etc. This one depends on market performance and not on market making by team. So token value can't drop any lower than it's value from TOP 15 coins, otherwise people will sell into huge losses, which is irrational if they can sell for value of INDEX FUND.

The most interesting fact is that you do not need to invest into TOP 15 coins one by one and do rebalancing based on algorithm, but you can hold one - IX15 and win on performance of all TOP 15, which is better than BTC itself, while making the lowest risk. That's perfect for people who do not have funds to invest into all TOP 15 coins and rebalance every month if coin drops out of TOP 15. This is done automatically by ISONEX.

This is almost hands-free investing with 100% liquidity, anytime. While most focus on Bitcoin now. This can really beat Bitcoins because it has done it for last 5 years while they were testing its performance in the long run.

I am in, have made a call with their team to check all. Legit and approved.

You should get deeper into this. They will use 97% to fund their INDEX FUND, which token investors are buying. And those tokens value depends on performance of top 15 coins. Plus the best part - people can transform those tokens to ETH, anytime through the smart contract. So they only will hold 3% to ourselves to maintain operations. Also, as I know this is just the first product to create an audience for their company.


Legal disclaimer says : United States people can't invest into this. That's what all companies are doing to protect self from SEC.

Dear TimeTeller, thank you for taking the time to review our white paper. 

Isonex Capital is not seeking approval for this token sale from any regulation and we have stated that in our white paper. 

The Cayman Islands has the largest number of investment funds located anywhere in the world because of its favorable tax advantages for investment companies.

Incorporating in Cayman doesnt make us above the law, we are still responsible for the funds raised in this token sale.

dear tippytoes, with regards your question about why we need huge money from the STO.

The money that is raised will not go to Isonex Capital, it will go to purchase the cryptocurrencies that make up the fund.  97% of the funds raised goes to purchasing the assets, not to Isonex Capital.  Isonex capital is already fully developed and 100% self funded. 

We are responsible for managing the money in the fund, which belongs to the investors, not us.

Thank you for your message gold969. 

Indeed it is a simple strategy. You can purchase the top 15 digital currencies and every month you would need to go onto the exchanges and make the relevant purchases and sales to bring the fund back into balance. Plus you would need to sell completely those coins that fell from the top 15 and buy the new coins that went in.  Then you would transfer your amount to cold storage and repeat every month.

This is doable but there is some work involved.  The more money that is involved the more work, the more exchanges, the more transfers etc etc.

Isonex Capital manages this process for your plus it screen the exchanges and coins before entering the fund with a low fee of 0.5% per year.

thank you for pointing this out, we will speak to our Advisors and the financial consultant to have the project listed on their Linkedin pages.  I will inform you here once this has been done.

If this project has initial funds to begin their operations, then why would they still need huge money from their STO?  As lestherat have said, your group might have never have to work again if you raise this $16M. If in case you can raise that amount in this bearish period.

And by the way, can you request some of your Advisors to add this ISONEX project in their portfolio? This is also to prove that they are really part of this project and not just listed by the team without their knowledge. And also your financial consultant's linkedin page is not available. One of the most important people of your team. We are talking money on this investment.

  if only it were that simple... then tell me, why should I invest in your token, now knowing your scheme I can its use on their own? What benefits will I have from your token?

Also, potential buyers should browse their whitepaper and I just took a snippet from their Disclaimer of Liability Section -



The above statements will make you think twice investing on this project.
And if you read even at the start of their wp, you should have the insights on how they might do their business later on.
This company is incorporated in Cayman Islands, so we know already what kind of company you are dealing with.
Just make sure you do your own homework so not to regret a thing or two later on.

97% of the funds raised will go to purchase the underlying assets, it will not go to Isonex Capital because we are 100% self funded and already fully developed.

With regards the unsold tokens, we will make them available to token sale participants who want to participate in the automated scheduled re-investment program.  Essentially they will be able to purchase these tokens at the Net Asset Value of the token, therefore not diluting existing token holders.

More information about this can be found in our white paper pages 25 to 27 and page 38 https://isonex.io/documents/whitepaper

Also in our CEO's video here - https://www.youtube.com/watch?v=5zh9fwvj9jQ&t=68s

Equal Weight Cryptocurrency Index Fund: Always Hold The Top15 Cryptocurrencies
IX15 is a tokenized equal weight cryptocurrency index fund. It invests in the top 15 cryptocurrencies (ranked by market cap), rebalanced every 30 days. The IX15 index fund is expressly designed to deliver outperformance against the wider cryptocurrency market with one SIMPLE yet LOW-COST investment, thanks to the fund’s equal weight smart beta strategy. Therefore, investors will no longer need to be concerned with multiple exchange accounts and wallet solutions, or with the time and effort involved in rebalancing a cryptocurrency portfolio on their own. Investors can liquidate their portfolio at any time via the smart contract. Using price data from the past 5.5 years, back-testing shows that IX15 significantly outperformed BTC, CRIX and the S&P in both a bull and bear market.

Start time:
2019-10-15 12:00:00
End time:
2019-10-22 11:59:00
Supply:
16170000 IX15
KYC:
Yes (mandatory)

Taken from: https://exmarkets.com/launchpad/ix15-btc



So, you want for this project 16 million USD, nice, you never need to work again after this ico, what you going to do with unsold coins/tokens?


Also very important message

IMPORTANT LEGAL DISCLAIMER ACCESS TO PRODUCTS AND SERVICES DETAILED ON THIS WEBSITE MAY BE RESTRICTED FOR CERTAIN PERSONS OR COUNTRIES. YOU MAY NOT MAKE OR ACQUIRE AN IX15 TOKEN IF YOU ARE A CITIZEN, RESIDENT (TAX OR OTHERWISE) OR GREEN CARD HOLDER OF THE UNITED STATES OF AMERICA

The token pricing schedule is available here - https://exmarkets.com/page/ix15-ieo

Tokensale info
The sale is seperated in 3 rounds:

Round 1: Oct 15th 2019 - Oct 21st 2019 | USD 1.00 | 9.09%
Round 2: Oct 22nd 2019 - Oct 28th 2019 | USD 1.05 | 4.55%
Round 3: Oct 29th 2019 - Nov 29th 2019 | USD 1.10 | 0%

For private sale investors the price currently is USD 0.95 for investments over 10k USD

Wow, that's amazing. Basically no risk in this. Do you have discounts for early birds?