Actually, it is Harvard University or the Harvard Management Company?
Actually, the name of Harvard University will really give the big influence to the project, however, previously if this project is absolutely great, everyone will see it, not only because of the Harvard University's involvement.
I read that in the article, 3 of the advisory board members are designees of the affiliates of Harvard Management Company, Lux Capital and Foundation Capital. It may influence the involvement of Harvard as well. Let's see the progress and how this will go on.
Topic: Why has Harvard University invested in Blockstack’s token sale? (Read 195 times)
AFAIK it is not started yet, so Harvard is not invested in them at this moment. It's a bit misleading imo.
Anyway, the one who (reported) going to invest in this token sale is Harvard Management Company, not the university itself. They're mainly an organization which aims to provide funds for Harvard if I get it correctly.
Interesting that they are okay with 'gambling' their money through a token sale like this.
Anyway, the one who (reported) going to invest in this token sale is Harvard Management Company, not the university itself. They're mainly an organization which aims to provide funds for Harvard if I get it correctly.
Interesting that they are okay with 'gambling' their money through a token sale like this.
Yes it seems like that, they are "just" funding the university.
Indeed it's a little bit strange they are putting their money out like that, if it was 2017 maybe would have been kind of ok, you may have made something out of it.
It could also be they have some information not everybody is aware of about this project.
AFAIK it is not started yet, so Harvard is not invested in them at this moment. It's a bit misleading imo.
Anyway, the one who (reported) going to invest in this token sale is Harvard Management Company, not the university itself. They're mainly an organization which aims to provide funds for Harvard if I get it correctly.
Interesting that they are okay with 'gambling' their money through a token sale like this.
Anyway, the one who (reported) going to invest in this token sale is Harvard Management Company, not the university itself. They're mainly an organization which aims to provide funds for Harvard if I get it correctly.
Interesting that they are okay with 'gambling' their money through a token sale like this.
Upon checking the article, it is clearly stated that blockstack will be the first SEC-qualified token offering of its kind.You don't have to be in harvard to consider this kind of cryptocurrency. The only opportunity the blockchain had was this. Being SEC qualified. I only scanned the article, but the reason may be is because blockstack made a new options and regulations for their coins to be qualified with the SEC's judgement and approval.
Please check this article for another preferences.:
https://www.coindesk.com/blockstack-to-raise-50-million-in-first-reg-a-crypto-token-sale
Please check this article for another preferences.:
https://www.coindesk.com/blockstack-to-raise-50-million-in-first-reg-a-crypto-token-sale
Harvard understands that blockchain technology is revolutionary, so they want a part of the action. However, given that it is an established institution with a rarefied history, they obviously will not put all of their funds into this industry. More than likely, this is a tiny sliver of their portfolio, though still significant for the industry given how small it is at this point. Another takeaway is it gives the green light to other institutions thinking similarly.
According to https://www.chepicap.com/en/news/8836/harvard-becomes-first-major-university-to-directly-invest-in-a-crypto-token.html , Blockstack sold 98.53 million tokens for Harvard Management Company’s affiliates. The question is why Harvard decided to invest in BlockStack's token sale?
Firstly, Blockstack CEO, Muneeb Ali said that "Upon approval, the offering is expected to be the first SEC-qualified token offering of its kind. The net proceeds of the offering will be used to accelerate the development of the Blockstack decentralized computing network and app ecosystem,"
Secondly, I think that, Harvard has too much money and they found out that Blockstack is a good deal in the future because they used to buy a lot of mortgage back securities in 2008
Thirdly, Harvard, because of using Blockstack's ecosystem, can lower their tuition for their students and help parents to transfer money to their children quickly.
What's your thought?
Firstly, Blockstack CEO, Muneeb Ali said that "Upon approval, the offering is expected to be the first SEC-qualified token offering of its kind. The net proceeds of the offering will be used to accelerate the development of the Blockstack decentralized computing network and app ecosystem,"
Secondly, I think that, Harvard has too much money and they found out that Blockstack is a good deal in the future because they used to buy a lot of mortgage back securities in 2008
Thirdly, Harvard, because of using Blockstack's ecosystem, can lower their tuition for their students and help parents to transfer money to their children quickly.
What's your thought?
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