Fellow CoinTiger users,
To explore and support more superior blockchain projects, boosting a sustainable blockchain industry, CoinTiger Exchange, together with Ticker Capital, jointly launch Unicorn Booster Scheme, using a dedicated fund to increased holdings of quality assets on CoinTiger.
The dedicated fund was raised in June 2019 by Ticker Capital. FOFbit and Embellish of Venture Capital Fund Management (Shenzhen) co., LTD, are the LPs with a capital scale of 15 million USDT and a lock-up period of 2 years.
Unicorn Booster Scheme: The fund raised is mainly for the practices of screening and increasing holdings of high-quality projects via the secondary market on CoinTiger exchange. The screening of high-quality projects is based on its market liquidity, community dynamics, major technical breakthroughs and business ecosystem expansion, etc.
The Unicorn Booster Scheme will screen quality project and gradually increase the holding of it based on the condition of the secondary market. The initial projects that entered the Unicorn Booster Scheme are Ultiledger (ULT), TigerCash(TCH), and Dengba Planet(DBT). The initial holdings of respective tokens are 35 million ULT, 10 million TCH, and 20 million DBT, with an approximate holding ratio of 14% of total scale. Future selected projects and holding ratios will be announced monthly from now on.
Adhering to the concept of value investing, the Unicorn Booster Scheme introduced by Ticker Capital and CoinTiger aims to hold long-term high-quality projects to obtain long-term growth, not for short-term profit. During the lock-up period, the holding ratio will be between 15% - 85%, and holdings of each asset will not exceed 10% of the total scale. While striving to minimize investment risks, the Unicorn Booster Scheme aims to raise the liquidity of high-quality blockchain assets and support the long-term development of blockchain industry through a strategic investment of potential unicorn blockchain projects on the secondary market.
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