Bitdollar Capital Announces Addition Of Former US Treasury Official To Its Advisory Team
Chip Poncy, New ICO Advisor For Compliance & Regulatory Issues, Provides An Impeccable Background Along With Key US Government Relationships To Firm
BITDOLLAR CAPITAL announced an agreement with Chip Poncy to become the firm’s ICO advisor for all regulatory and compliance issues worldwide, with specific emphasis on the United States. Chip is an outstanding addition to the Bitdollar Capital advisory team, with over a decade of experience as a Director in the US Treasury’s Office for Terrorist Financing and Financial Crimes and possessing degrees in government, international relations, and law from Harvard, Johns Hopkins, and Georgetown, respectively. Currently he is Co-Founder and President of the Financial Integrity Network, a strategic advisory firm dedicated to assisting sovereign nations, financial institutions, and vulnerable organizations in combating and protecting against the full spectrum of illicit financing threats and vulnerabilities. As an advisor for Bitdollar Capital, he will advise both of its collectively managed funds, Bitdollar Fund and i2 Fund.
“Chip is a very important addition to the advisory team given his experience, both in the Treasury and thereafter, and his relationships will be key for us in being able to accept US investors, hopefully as soon as 2019”, said Nick Kitcharoen, Founder and CEO of Bitdollar Capital. “We are extremely fortunate to have someone of his caliber advising us on critical regulatory issues.”
Bitdollar Capital, an Estonian limited company, aims to provide clarity to the cryptocurrency community by guiding fundamental analysis and facilitating research through its two planned collectively managed funds, Bitdollar Fund and i2 Fund. Both funds will thrive from the collective knowledge of their investment communities, and registered investors will make investment decisions based on long-term fundamental analysis and will have a say in the fund’s composition by participating in quarterly or annual elections. Both offerings will provide those that are new to cryptocurrencies a relatively safe place to get started by providing the ability to learn from community resources and by including cryptocurrencies that have underlying physical assets, such as gold, to reduce volatility. Both funds are meant to be an easy choice for those wanting exposure to major cryptocurrencies or ICOs, while reducing volatility and the risk of a bad investment.
The ICO for Bitdollar Fund (bitdollarico.com) will begin on October 13th, and its pre-sale will start on September 8th. Investment minimums vary during the pre-sale, but the investment minimum during the ICO will be only 0.1 Ether, or roughly $27 at the time of this writing. Prices per Token in the pre-sale range from $0.55 to $0.95, and range from $1.00 to $1.10 during the ICO, increasing by 1 cent per week. Cryptocurrency investing involves significant risk of loss and is not suitable for everyone. Please do your own research or consult your investment professional before investing.
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