New types of currencies very impressed by the patron.
Billionaire mark Cuban considers bitcoin a bubble and even collapsed the price of cryptocurrency, and then suddenly promised to invest in ICO. We now know that the unpredictable entrepreneur invested in the venture Fund 1confirmation cryptocurrency created by a former employee of the exchange Coinbase.
According to Forbes, cryptocurrency venture Fund 1confirmation going to raise $20 million for its development. The founder of the company Nick Tomaino previously worked in the Coinbase, and have now decided to develop an innovative approach to investment.
Fund 1confirmation plans to enter into with the companies “standard agreement on future tokens” (SAFT), which legally obliges them to issue tokens in the future, and “standard contract convertible loan” (SAFE). As reported by CoinDesk, the first phase, the Foundation will spend $100 000-$500 000 on SAFT and SAFE.
Tomaino the Fund will invest in companies developing new blockchain products and tokens. Creator 1confirmation promises to support startups that ICO is carried out not with the purpose of fundraising, and to create new products in the new token economy.
Mark Cuban praised the project, Tomaino. In a letter to Forbes, the billionaire said: “I think Nick is smart and versed in this area. For me 1confirmation — another opportunity to learn more about [the cryptocurrency market]”.
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