A new era of wealth mangement? Certainly you will pay for it

in #ico6 years ago

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The documents included in their site seem more serious than others, but still there are many doubts.

They argue they will become a new system for wealth management investing in cryptoassets. But for doing so, first they need to launch the ICO, and their target is CHF 100 million. The founders will keep 20% of the issued tokens, which seems a lot for a company not yet created.

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Expected revenues:

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Not that bad!.But how are they going to obtain it? They will need to manage a very important amount of money for their cryptoassets funds. Where the funds come from? From investors? Who are they? As they say, their founders are very capable (800m in Cyrus Fazel career), but they will need much more. And what about expenses? They do not mention them.

They link a press release in Forbes:

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But there is only a mention of the company in one sentence on a long article.

In conclusion, it could be a good project, but the information provided does not solve my doubts about it.

Last but not least, if you are raising CHF 100 million. you would better avoid spelling mistakes:

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