22x Fund

Invest in top startups via the blockchain

9 followers

Invest in top startups via the blockchain

9 followers

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22x Fund is an index fund for startups, offering access to the 22nd batch of 500 Startup companies.

Launch tags:

Venture Capital•Web3

Launch Team

Nick Abouzeid

Ramp

Hunter

This is cool. Shaun, how are you managing US security law compliance given that this token (representing equities in real companies) would be classified as a security offering?

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7yr ago

Ayush Khanna

@nickabouzeid Hi Nick! I am one of the participating founders. 22X is a private fund that is being offered pursuant to Section 506(c) and is reliant on available exemptions under the Investment Company Act. There's more specifics in our whitepaper, if you're curious.

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7yr ago

Ethan Illfelder

@nickabouzeid @ayushk there are min funding requirements and a 1 year hold period so these tokens are not trading for a while.

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7yr ago

Ayush Khanna

@nickabouzeid @illfee Just to be clear: the holding period applies only to US investors. Outside the US, minimums are lower too. Within the US, we had to choose a compliance framework that made sense given the current legislative landscape.

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7yr ago

Gabe O'Leary

I wish there were some information on the team behind this readily accessible on the website.

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7yr ago

Kela

Haven (Gen II)

@golear Hi Gabe, have you taken a look at the white paper? You can find more information there.

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7yr ago

Gabe O'Leary

@zabimaru_ichigo yeah that's why I specified 'readily accessible' it should be made very easy for interested parties to see who make up the team behind something like this. I rarely read whitepapers when a few red flags go off (can't find team members on the site being one of them).

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7yr ago