Leading Token Venture Investor, Multicoin Capital Partners With Apex Token Fund for Upcoming ICO

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Feb 22, 2018, 05:00 ET

TORTOLA, British Virgin Islands, Feb. 22, 2018 /PRNewswire-USNewswire/ -- The Apex Token Fund, the first tokenized Fund-of-Funds, announces that Multicoin Capital will be joining its partner ecosystem with other leading blockchain investment funds. The first fund to be announced through Apex, Multicoin has developed a proven strategy for investing in cryptocurrencies. Partnering with Multicoin will enable Apex to further diversify and enhance its pool of investments for the upcoming ICO March 1, 2018.

Founded by tech entrepreneurs Tushar Jain and Kyle Samani, Multicoin Capital seeks to profit from the latest digital token ventures while promoting a decentralized marketplace. The company focuses on alternative coins, though it also has exposure to BTC/BCH/ETH. It invests in cryptocurrencies at every stage, but particularly those that are already trading and liquid. Founded in 2016, the company has achieved quick success.

Having assisted Multicoin Capital in its startup phase, Apex is now bringing Multicoin in as a partner. The Fund-of-Funds expects Multicoin to continue picking promising cryptocurrency ventures while contributing valuable expertise. This should increase both the overall value and the robustness of the Apex Token Fund.

Multicoin's Recipe for Cryptocurrency Success

Multicoin has come up with an effective strategy for picking quality investments. Whenever it is considering a coin, it asks the following questions:

What problem will this solve? The Multicoin team believes that cryptocurrency ventures can only succeed if they solve significant problems. The fund thus only buys tokens if it decides that the underlying venture has identified a real problem and is likely to address it. Multicoin is particularly focused on problems related to the role of intermediaries, who often add to the cost of various business activities. Ventures that show they can get rid of intermediaries are especially likely to get funding from Multicoin.
How large is the market? Once Multicoin knows what problem the venture will solve, it asks how many people the problem affects and how significant this effect is. The larger and more serious the impact, the greater the venture's prospect for growth.
What are the risks and requirements? The fund considers what technical and team requirements the ventures have, as well as what risks it will face when going to market. It weighs these risks and requirements against the venture's potential revenues.
Is it a good fit? Multicoin seeks to develop a portfolio of assets that fit well with one another. Thus in addition to considering whether each venture is viable in isolation, the fund makes sure that it will contribute to the overall success of its portfolio.

Multicoin is currently gearing up for more intense competition in the coming year, seeking to gain a leg up by focusing more heavily on privacy tech and clarifying how to scale blockchains. All of these precautions make it valuable to the Apex Token Fund, which wants to invest in funds that anticipate and prepare for market changes. By joining the Apex partner ecosystem, Multicoin Capital will make the Apex Fund-of-Funds a more reliable source of upside potential while expanding the sheer number of cryptocurrencies it is involved in. Apex can thus grow exponentially and potentially sustain that growth.

SOURCE Apex Token Fund