What is BMC token?
BMC token is the token of Blackmoon Platform. Holders of BMC tokens will be able to register as Continuous Contributors to the Platform and receive proceeds for performing specific roles which benefit the platform as a service. Also, Continuous Contributors will have the right to participate in “members-only” discussions regarding the Platform strategy and development plan.
Those Contributors who want to be qualified as Investment Managers and manage funds on the Platform are required to own a specified number of BMCs.
What are proceeds to BMC holders?
BMCs holders registered as Continuous Contributors to the Platform will receive proceeds in the form of BMCs. The reward system will work according to the BMC-days concept.
Who are Continuous Contributors?
Continuous contributors are the BMC holders, who perform specific roles related to the continuous platform development. One of the main roles that will be available is that of an Investment Advisor who manages tokenized investment funds created on the platform. Other roles will include platform promoters, investment analysts, legal advisors, public auditors, GR advisors. A full list of roles will be publicly available and updated as needed to reflect the current needs of the platform’s development. We plan to introduce more than ten different roles to provide both common and professional holders with the means to participate in the Platform’s development.
How can I register as a Continuous Contributor?
To register as a Continuous Contributor the holder of BMC tokens can choose the role that she/he is willing to execute as a contributor to the Platform and deposit BMC to the depository wallet. The registration will be available on the website before the first fund is started.
What is the total supply of BMC tokens?
60,000,000 BMC. The BMC token is not mineable.
On what exchanges BMC is currently traded?
HitBTC, Liqui, TIDEX, EtherDelta, Bancor Protocol and Qryptos
Does BMC have plans for other exchanges in the near future?
We are be doing our best to increase our market presence, including exchanges.
Are there any reviews on the historical trading results?
Yes, we publish updates monthly here:
Are BMC tokens securities?
Based on legal advice and opinions we gathered during the preparation process, BMC tokens would not be deemed as securities by SEC based on the famous Howey test. We pay a lot of attention to that matter and are in continuous communications with US attorneys while formalizing our position.
Are Asset Tokens securities?
Asset tokens are going to be securities. And we are going to comply with all necessary regulation regarding that fact.
Why do you exclude citizens of Singapore and China?
Singapore is excluded for the tax reasons. China citizens are excluded due to China’s central bank regulation.
Will you distribute Asset Tokens in the USA?
Currently the US citizens cannot participate in the Asset token sales due to regulatory restrictions. We are actively monitoring the regulatory developments and hope to be able to offer our services to the US investors soon.
What is the timeline for the funds creation?
Blackmoon will continuously set up investment funds on the Blackmoon Platform to serve as a proof of concept. To leverage the existing expertise of Blackmoon Financial Group, the first fund will be a high-yield fixed income fund in alternative lending. We are going to launch it not later than in the first quarter of 2018.
The next fund in the roadmap will be oriented toward a low-risk fixed income to provide more diversification and protection for investors seeking safe-havens. The second fund shall be launched within 3 months after the first one.
The third fund will be oriented toward ICO and cryptocurrency investments to serve the needs of those investors who want to have exposure to the broader crypto-currency market. Please, refer to the timeline in the whitepaper.
Taking into account current level of interest from investment managers, we probably will have more funds on the platform sooner than we forecasted in the White Paper.
What are the advantages of the tokenized funds?
Tokenization of interests in funds (share in profits, assets or other entities specified in the fund’s memorandum) provides auditability and transparency to the investment process as well as to the results. Tokenized funds are more cost-efficient thanks to lower infrastructure and setup costs and this economy is transmitted to investors in the form of higher net return. On top of that, asset tokens give access to a worldwide liquidity and are immediately tradable.
Can external asset managers become investment advisors?
Yes, Blackmoon Platform welcomes external investment advisors. Blackmoon will offer the Fund Issuer Administrative Tool designed for investment advisors and asset managers. This tool is the comprehensive fund management system that acts as a one-stop solution. It covers main aspects of running the tokenized investment vehicle and provides the investment advisor or asset manager with access to the Blackmoon Platform IT and legal infrastructure. This product will allow investment advisors and asset managers to focus on the investment management for the benefits of the token holders while Blackmoon takes care of all the rest.