DDF is a fund to invest in digital assets, designed to reduce risks
and profit from extraordinary growth in the space.
Domain names and crypto currencies have high barriers to entry
and risks due to lack of regulations, technical hurdles and lack of
Proven Model, Team
DDF was established in 2010 as “Domain Developers Fund” and
has a solid track record in domain investing. To expand, we are
adding crypto currencies and other digital assets to our portfolio.
Initial Coin Offering
Through an Ethereum-based ICO, DDF will raise up to 249,000
ETH (as of June 13th, about $90m USD).
Initial Coin Offering
The ICO runs over 30 days or until all tokens have been allocated. Oour goal is to ensure fair and balanced access for small and larger investors, end users, and the overall community. For this reason, and in order not to place undue burden on the Ethereum network, we have decided not to implement an accelerator or discount function for early birds.
Use of Proceeds
From the total proceeds, 15% will be used for operations (software development, human resources, legal, marketing), 15% will be stored in a reserve fund of at least 25% BTC, 25% ETH and max. 50% cash, and 70% will go into portfolio.
How It Works
- ICO participants send funds to the Ethereum Smart Contract above.
- The Smart Contract mints DDF tokens instantly and sends them directly to the user’s wallet.
- Once the ICO has been completed (total duration or maximum tokens issued) the Ethereum funds are transferred to the fund’s wallet.
What Token Holder Get
Token holders profit from the value increase in digital assets through a proof-of-membership in the fund. In addition, they participate in the distribution of fund net profits as quarterly dividend. Token holders receive their dividend through a smart contract as Ether payment. The first net profit will be distributed September 30th, 2017.
Net Profit Distribution 50% of net profit is distributed to investors. Performance fee (5% hurdle):
- 0-5% net profit: 0 % performance fee
- 5-10% net profit: 5% performance fee
- 10-15% net profit: 12% performance fee
- > 15% net profit: 15% performance fee
The remainder (50% minus the performance fee, so at least 35%) is reinvested).
ICO Fact Sheet
|ICO Start||July 10th, 12:00 GMT+2|
|ICO End||Token Cap Reached or August 9th,12:00 GMT+2|
|Token Full Name||Digital Developers Fund Tokens|
|Smart Contract Address||Announced 48 Hours Before ICO|
|Smart Contract Source||https://github.com/digitaldevelopersfund/ddf|
|Token Supply||247,500,000 DDF 2,500,000 Internal Fund|
|Exchange Rate||1,000 DDF = 1 ETH|
|Unused Tokens||Burnt After ICO|
|Role of Token||Proof-of-Membership, Access to Profit Distribution|
|Incorporation Details||DDF Asset Ltd, 89 Nexus Way, Camama Bay, Grand Cayman|
|Team||Michael Marcovici, Davies Guttmann|
|History||On Market Since 2010|
|Fund Investment Focus||45% Crypto Currencies, 27.5% Domain Names, 7.5% Mining Operations, 5% Other Digital Assets, 15% Reserve Fund|
|Fund Management Fee||2.5%|
|Fund Performance Fee||Up to 15% After 5% Hurdle|