En
  • En
  • Ru
  • Kr
  • Jp
  • Cn
  • Fr
  • It
  • De
  • Sp
  • Pt
  • Tr
  • Pl
  • Ar
  • Ph
  • Id
  • Hi
  • Nl
  • Vi
  • Cs
  • Gr
  • Ro
  • Hu
  • Dk
  • He
  • Hr
  • Sr
  • Lv
Sign in Sign up
#Blockchain All projects

Hyperion: Tokenized Venture Capital Fund

Provides independent investors access to the earliest stages of investing in blockchain projects

stage Ended crowdsale

KPLs

  • Employees20

Team

20
man Daniel Schwartzkopff

CEO

Serial digital entrepreneur Schwartzkopff is a South African business executive with firm start­-up experience and a proven background in the technology and social networking sectors.
He was the founder of BetVIP, the world’s first licensed bitcoin­-only sportsbook and casino and has been featured in everything from Business Day to the Wall Street Journal.
He previously founded FSMS, a VC-­funded telecoms startup with more than 400,000 registered users where he first found a passion for using machine learning to discover rich interactions and extract value from massive datasets. Schwartzkopff is a graduate of the University of Cape Town, where he studied Chemical Engineering.

man Luke Schwartzkopff

Technical Director, Data

A highly motivated electronics, software engineer and data scientist with love for problem-solving and an insatiable hunger for knowledge.
Luke has a vast collection of interests ranging from politics, economics, philosophy, literature, and language to physics, statistics, mathematics, machine learning, data science and computer science.
His most significant passion lies in technology where he has the ability and freedom to create and have a tangible impact on the world. He is always looking for opportunities to solve challenging problems, learn and improve his skills.

man Raymond Botha

CTO

CTO and co-founder of the first tokenized cryptocurrency index fund, managing funds valued at over $75 million.

He manages systems engineering and architecture for everything from the front-end to automated trading and integration with several blockchains and the companies own smart contract.

man Matthew Finlayson

Technical Director, Blockchain

Co-founder and lead blockchain developer at Crypto20.
Strongly entrepreneurial with exposure to numerous startups in sectors ranging from renewable energies to data science and investment management.

man Bobby Jonker

Fund Manager

Experienced fund manager with a demonstrated history of working in the financial services industry.
Specialising in insurance and investment management mainly focused on core audit & assurance.He has gained significant exposure to Hedge funds, Asset management, private equity, structured finance, alternative finance transactions and special purpose vehicles.




Crowdsale details

Distribution of tokens
  • Crowdsale (97.5%)
  • Hyperion Fund Team (1.5%)
  • Invictus Hyperion (legal, security & marketing) (1%)
Budget allocation
  • Investing in projects which intend to have a public token sale or ICO (98%)
  • Operational expenses (2%)
Details Indicators
Token Symbol IHF
Full Token Name IHF Token
Pre-crowdsale Start April 30th, 00:00 GMT+03:00
Pre-crowdsale End May 3rd, 00:00 GMT+03:00
Crowdsale Start May 4th, 00:00 GMT+03:00
Crowdsale End Hard cap is reached or May 30th, 00:00 GMT+03:00
Crowdsale Hard Cap Fixed, $15000000
Crowdsale Soft Cap Yes, $2000000
Incorporation Details George Town
Domain registration date 2006-06-17
Domain owner Raymond Botha, Invictus Capital Financial Technologies

Cost of the token

1 token for 0.11 $

Price without discounts

Accepted currency

  • Bitcoin
  • Ethereum


Rate the project

Estimate the project on a five-point scale or switch to the simple scale

Five-point scale Simple scale

Relevance of the problem and Market size

1 2 3 4 5

Product competitiveness

1 2 3 4 5

Founders, Team & Advisors

1 2 3 4 5

Budget allocation and roadmap

1 2 3 4 5

Token economy, Tokenization & Business model

1 2 3 4 5

Distribution & Lock up of tokens, Discounts for early buyers

1 2 3 4 5

Summary rate the project

1 2 3 4 5

FAQ

FAQ

When will I be able to buy Invictus Hyperion Fund (IHF) tokens?

IHF tokens will be sold from 30 April 2018 during an Initial Coin Offering (ICO) over a period of 30 days.Suggested: IHF tokens will be sold in an Initial Coin Offering (ICO) that will begin on the 30 April 2018 and last for 30 calendar days.

How can I buy Invictus Hyperion tokens?

You will require BTC (Bitcoin) or ETH (Ethereum) to purchase IHF tokens. A full investment guide will be released closer to the time.

I am currently a C20 token holder, will any preference be given to me?

Yes, 3 days of priority access will be given to BOTH CRYPTO20 ICO investors and current C20 token holders. For the latter case, you will need to prove ownership of at least 500 C20 tokens (using a verification tool being released soon). Note that USA, Cayman and South African citizens are not permitted to invest in the Hyperion ICO, regardless of C20 ownership

When I contribute to the ICO in BTC or ETH, what exchange rate will be used to calculate my contribution in USD, and so the number of tokens I receive?

During the ICO, a live exchange rate will be used to calculate the USD value of your contribution. The exchange rate will be an average of the live exchange rates of major exchanges (eg. Binance, Bittrex, etc), weighted by the 1 minute trade volume on each exchange.

Are there any limits to individual contributions during the priority-ICO?

Yes, to enable more investors to participate and to ensure a wider token distribution, investments during the first three days of the priority ICO have been limited to $15K USD per investor. The minimum investment is $50. Following the first three days, there are no limits to the contribution that an individual can make.

What happens if I contribute more than $15K during the first two days of the priority-ICO?

If more than $15K in total is contributed by any individual before 09:00GMT on 03 May 2018, the excess will be held in reserve and then used to purchase tokens on the last day of the priority-ICO at $0.095 per token. The portion of the contribution in excess of $15K will be placed in a queue in the order it was received and placed in reserve for addition to the fund. The USD value assigned to these contributions will be calculated using the live USD/Crypto exchange rate starting at 09:00GMT on 03 May 2018. In the event that the fund’s hard-cap is reached at any point, the excess contributions will be refunded to the contributor.

What is the minimum amount I can invest in the ICO?

A minimum investment of $50 (in either BTC or ETH) is required for participation in the ICO.

What does Invictus do with funds raised from investors from the initial raise of capital to the actual ICO?

98% of the total amount contributed during the ICO will go directly towards the underlying venture fund. 2% of the total amount invested is set aside for operating expenses, legal and security.

When will the IHF ICO finish?

The IHF Initial Coin Offering (ICO) will end on the 30th May 2018, or when the hard cap of 15M USD is reached. Thereafter no further tokens will be issued, and you will only be able to purchase IHF tokens once they list on exchange.

What will happen to coins that are not sold?

IHF tokens are created as they are sold, there is therefore no such thing as unsold tokens. Further, no new coins will be minted, mined or created after the ICO closes.

What fees will Invictus Capital charge on the Hyperion Fund?

The only ongoing fee paid to Invictus Capital is a performance fee. The Hyperion fund performance fee is calculated as 12.5% of the fund performance for the quarter, where performance is defined as the realized gain in the fund value from a USD perspective. The fee is only applicable if the closing balance is greater than the opening balance adjusted for unrealized gains, dividends and performance fees paid in respect of the previous quarter.

How much of the funds raised during the ICO go directly into the fund?

98% of the total amount contributed during the ICO will go directly towards the underlying venture fund. 2% of the total amount invested is set aside for operating expenses, legal and security.

What is a buy-and-burn?

A buy-and-burn is a process by which IHF tokens are purchased on the open market (by Hyperion Fund managers) using an allocation from the fund, and are subsequently ‘burned’ - effectively removing those tokens from circulation indefinitely. This is achieved by sending tokens to the Ethereum zero address.

How and when will buy-and-burns take place?

The buy-and-burn process will be triggered when the overall valuation of the fund exceeds Adjusted Net $30M USD. Once this condition is satisfied, 50% of the returns realized each quarter will be used to purchase IHF tokens on the open market for burning. Burning will be carried out by sending the tokens to the Ethereum zero address. The token buying using this allocation will take place throughout the subsequent quarter. Tokens purchased will be burned in short succession.

What is the purpose of buy-and-burns?

In a normal scenario, as a fund grows, the value of each token grows. A buy-and-burn allows for the size of the fund to be reduced, without token holders losing the value by which it is reduced— the primary use for buy-and-burns is to control the size of the fund without token holders losing value. In an ideal buy-and-burn, the size of the fund can be reduced by a set amount and the cumulative value of unburned tokens increases by the same amount. With a manageable fund value, the Hyperion team at Invictus Capital can ensure that the fund does not grow beyond what can be invested responsibly.

How are buy-and-burns different to issuing dividends?

Buy-and-burns have several positive spin-off benefits beyond being an efficient mechanism for managing a fund’s size. Buy-and-burns increase the stability of a token’s price and the liquidity of the tokens. In contrast to the situation with dividends, the buy-and-burn can directly impact the token’s value and market price in a positive way. The transfer of value to the token through buy-and-burns is dependent on the difference between the open market price and the ANAV of the token.The benefit to token holders when the token trades below ANAV, increases exponentially as the discount increases. When tokens trade at a premium to the ANAV, the value transferred to the token is diminished. Interestingly, as tokens trade at larger and larger premiums, value transferred decreases. The Buy-and-Burn Medium article discusses the principle of value transfer through buy-and-burns in more detail. In this process of distributing value, less market volatility is also to be expected. Additionally, the Invictus team received feedback from a large number of potential investors who communicated concerns regarding taxation and operational requirements. Many requests, for example, were seen for roll-forward options. After in-depth consideration, the team is of the view that buy-and-burns will serve the majority of investors better than dividends.

After the ICO, in what way is the open market price of the IHF token linked to the assets (valuation) of the fund?

The price of the token on the open market is determined by market forces and cannot be predicted. Regarding the valuation of the fund and the value allocated to each token, fund managers will continuously report the ANAV and NAV of the fund. It is reasonable to expect that the market will then decide the price of the token relative to these reported values. When the fund is eventually wound up, token holders will receive the ANAV of their tokens.

Can I liquidate my tokens?

A liquidation function (on demand) is not possible - this is due to the illiquid nature of the fund’s investments leading to the majority of the fund’s holdings being locked up at any given time. Tokens can however be sold on exchange. Invictus Capital also reserves the right to liquidate and pay out the underlying assets of the fund if this is deemed in the best interests of the investors. This would constitute the end of the fund with token holders receiving their proportion.

What is the lifetime of the fund and under what circumstances will the fund be liquidated?

The fund’s lifetime will be finite and the fund’s holdings will be liquidated and distributed to token holders at the end of operations. Invictus Capital has reserved the right to determine the lifetime of the fund in order to be able to protect the interests of investors. For example, if the token is trading at a premium, it would not make sense to close the fund and pay out the ANAV to token holders which would be lower than the exchange price. If the token is trading below ANAV and returns are being realized, the buy-and-burns will lift the price back up. However if the token trades below ANAV and the ICO market is in decline with no prospects of returns, it would be responsible to consider closing the fund and allowing token holders to realize the gains through the distribution of the ANAV.

Will the Invictus Hyperion Fund be audited?

We will engage with a reputable auditing firm to verify fund assets post ICO, the results will be published as an agreed upon procedure report.


or

or