SkyBridge Capital's investment in Bitcoin reaches $ 182 million
Investment company SkyBridge Capital invested $ 182 million in the first cryptocurrency. This is stated in a brochure for investors, writes CoinDesk.
The company, which manages $ 9.3 billion, will open access to the SkyBridge Bitcoin Fund to potential clients on January 4, 2021. The minimum investment amount is $ 50,000.The first cryptocurrency has been named an emerging asset class with an attractive supply / demand ratio and lower risks.
SkyBridge pointed out that bitcoin has become more widespread thanks to "an unprecedented policy of printing money." As a result, "a premium was formed as in other scarce goods, for example, in gold, art and real estate."
In addition, the presentation includes quotes from representatives of major Wall Street asset managers, including BlackRock, Citibank and JPMorgan.
According to SkyBridge Capital, hedge funds, treasury public companies, insurance companies, pension funds, banks and brokerage firms will also invest in cryptocurrency.
-OKEx cryptocurrency exchange has revealed the timing and details of the launch of the OKExChain main network.
The deployment of the network is planned in four stages, the number of tokens is limited. OKExChain's monetary policy provides for halving.The first stage involves the so-called "genesis-stage" OKExChain. It will run from December 31, 2020 to January 14, 2021.
At the second stage, the developers will test the stability, security and reliability of OKExChain. After that, the developers will make available transactions on the network - users will be able to deposit OKT tokens on OKExChain.
The fourth stage involves the inclusion of a virtual machine of smart contracts. OKExChain network will become compatible with projects on Ethereum. The move marks the full launch of the mainnet.
Economic model OKExChainOKExChain (OKT) has a monetary policy similar to Bitcoin, involving halving. The initial block reward is 1 OKT and is halved every three years.
After the official launch of the mainnet, OKT holders will be able to receive transaction fees and rewards for validating OKExChain blocks.
Initial release limited to 10 million OKT. The theoretical supply limit is 72.2 million tokens.