MCAP, which stands for Mining Capital, is a Mining and ICO Fund token launched by Bitcoin Growth Fund (BGF) which is a Blockchain based Venture Capital Fund. BGF is a kick-starter where customers can own equity in the form of tokens in various investment opportunities. MCAP uses the ERC 20 protocol for peer-to-peer transactions. MCAP transactions will be recorded to the Ethereum Blockchain to ensure immutability and transparency.
Where will the funds be invested?
MCAP diversifies the portfolio for a long term investor into the complete Blockchain based ecosystem. The funds raised from the sale of MCAP tokens will be invested in various mining projects and other ICOs.
Mining.
Mining is a process where clients offer the computational power of their systems to record data onto the Blockchain. For each successfully uploaded transaction, the miners are rewarded with a small portion of newly created coins.
Bitcoin Growth Fund will invest in the mining of various Altcoins which we have shortlisted such as Bitcoin, Litecoin, Ethereum, Zcash, Dash Coin and Monero. They constantly update their portfolio as and when new coins are released to gain maximum profits from mining.
ICO.
Initial Coin Offering (ICO) is the latest development in the market to raise funds for projects where companies raise money through tokens to invest in other avenues. There many start-ups successfully raising money through ICOs such as Gnosis, Humaniq and Matchpool.
Since there are a lot of ICOs taking place in the market, it is difficult for investors to identify which ICO would offer a better return on their investments. The dedicated team of analysts at Bitcoin Growth Fund continuously analyze the various ICOs based on more than thirty parameters such as background of the team, viability and scope of the product idea so that MCAP investors never need to worry about their investments.
Why MCAP?
MCAP is the only way as of now to enter and invest in Bitcoin Growth Fund. Investing in Bitcoin Growth Fund, through MCAP tokens offers the following advantages.
1. MCAP is the best option for an average user.
Instead of investing in various cryptocurrencies and hoping for their price to increase, the users can invest in our MCAP tokens.
2. MCAP offers high returns on investments to the users.
Bitcoin Growth Fund founders have realized the potential profits which can be generated from mining and have developed an algorithm to calculate which Altcoin would be most profitable to mine at any given moment based on its difficulty level, trading volume and the profit it would generate.
3. MCAP enables the average user to help fund start-ups they see profitable.
Instead of relying on a select few VCs for raising funds, start-ups can raise funds through crowd sales. For example, investors who participated in funding of ventures such as Facebook, Uber and Alibaba at an early stage have earned returns in multiples of thousands on their investments.
Access to such investments was always limited to a few select large investors. BGF enables regular investors to act as VCs in the process of funding startups and profit from the success of such ventures.
4. Price predictions.
European Hedge Fund Managers and Crypto Analysts have predicted that once launched to trading platforms, the supply and demand will determine the price of the tokens and the price of MCAP tokens can easily touch the $100 mark by the end of November this year.
5. $5 m raised.
BGF raised a little over $5 million in ten days through the sale of MCAP tokens. Raising such a huge amount shows the increased trust placed in BGF and MCAP by the public. There’s an air of excitement in the cryptocurrency world about the progress of the tokens as people are enthusiastically participating.
MCAP (MCAP) Token
Overview:
Current coin Value: $2.16
Market Cap: $156,560,525
Total Supply: 100,000,000 MCAP
Circulating Supply: 72,545,874 MCAP
MCAP, the digital token is the unit of Bitcoin Growth Fund. As an investors buys certain amount of units to invest in the specific Mutual Fund scheme, similarly the investor interested in BGF needs to buy MCAP for investing in Bitcoin Growth Fund Schemes. If Bitcoin Growth Fund is a country, MCAP is it’s currency.
Investors will receive semi-annual dividends on the amount invested in BGF and also can trade MCAP when it gets listed in crypto currencies exchanges.
$4 million raised so far!
BGF launched the ICO sale of MCAP tokens on the 27 April 2017 and shocked the Blockchain-Crypto world by raising over $4 million in 10 days.
The sale of MCAP tokens will end when it will reach the sale cap or when the number of tokens released is exhausted. BGF has planned to release a total of 100 million tokens and has only released 20% of the MCAP tokens as of now. The remaining 80% will eventually be released in the coming months. MCAP will be available to the public for trading on various platforms in the coming months.
Exchanges
• C-CEX
• Bitcoin Growth Fund Exchange
Wallets
• ERC20-compatible wallet of choice
Future of MCap
Only few people on the planet are aware about Bitcoins and other Cryptocurrencies. As more and more people are getting to know about it, the popularity of these magical financial instruments is rising and thus the demand. Countries are now starting to review it and accept it as an official mode of payment.
Recently, Japan recognized Bitcoins as legal tender. In US/Europe it is already being used like a normal fiat currency. Russia may do it by 2018. India has established a committee to examine virtual currencies and probably may legalize it by June 2017.
Increasing Mass adoption of Crypto currencies, specifically Bitcoins Is raising the demand and thus the price . Increasing prices are attracting investors worldwide who are willing to invest in the existing crypto currencies as well as the ICO of upcoming crypto currencies. This fact is boosting the confidence level of developers and techies around the world and are already working to launch more magical financial instruments in future. With so many options available for an investor to invest in crypto world, it becomes difficult to pick the best option. Also it takes a lot of time and research before investing the hard earned Money.
Here Bitcoin Growth Fund (BGF) and it’s token MCAP helps the investor to invest his/her hard earned money to the best option available at the moment. BGF aims to enable the average investor to earn huge returns in the long run by investing in one single coin rather than investing in multiple cryptocurrencies.
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