|Monkey Capital and Digital Developers Fund Announce Strategic Investment, Partnership|
Monkey Capital, the blockchain hedge fund, today announced its strategic partnership with us.
Money Capital today took a significant investment in our ICO. At the same time, we have entered an agreement for Monkey Capital to acquire a further stake in DDF within 90 days after the end of the ICO. While this acquisition won’t affect token holders who invest in the ICO, it will significantly increase assets under management, allowing us to accelerate our profitable investment strategy.
DDF tokens represent a Proof-of-Membership in the Digital Developers Fund. They grant access to 50% of fund profits, distributed by an Ethereum smart contract.
A total of 247.5m DDF token are sold for 247,500 ETH (1,000 DDF = 1 ETH)
Use of Proceeds
From the total proceeds, 15% will be used for operations (software development, human resources, legal, marketing), 15% will be stored in a reserve fund of at least 25% BTC, 25% ETH and max. 50% cash, and 70% will go into portfolio.