DDF tokens represent a Proof-of-Membership in the Digital Developers Fund. They grant access to 50% of fund profits, distributed by an Ethereum smart contract.
With over 700 crypto currencies, it’s easy to lose the overview. Through our structured investment approach we allow anyone to profit from the extraordinary growth in this space.
DDF offers investors an opportunity to participate in high growth digital asset such as domain names and crypto currency. The roots of the DDF go back to 2010, when DDF was incorporated as “Domain Developers Fund” in the Cayman Island. DDF holds over 1,350 premium domains such as Swords.com, Audits.com, Exhibitions.com or PR.uk. In 2017, the fund rebrands to “Digital Developers Fund” and raises funds via an ICO to expand its asset allocation.
ABOUT THE ICO:
The ICO runs over 30 days or until all tokens have been allocated. Oour goal is to ensure fair and balanced access for small and larger investors, end users, and the overall community. For this reason, and in order not to place undue burden on the Ethereum network, we have decided not to implement an accelerator or discount function for early birds.
Use of Proceeds:From the total proceeds, 15% will be used for operations (software development, human resources, legal, marketing), 15% will be stored in a reserve fund of at least 25% BTC, 25% ETH and max. 50% cash, and 70% will go into portfolio.
How It Works
- ICO participants send funds to the Ethereum Smart Contract above.
- The Smart Contract mints DDF tokens instantly and sends them directly to the user’s wallet.
- Once the ICO has been completed (total duration or maximum tokens issued) the Ethereum funds are transferred to the fund’s wallet.
What Token Holder Get
Token holders profit from the value increase in digital assets through a proof-of-membership in the fund. In addition, they participate in the distribution of fund net profits as quarterly dividend. Token holders receive their dividend through a smart contract as Ether payment. The first net profit will be distributed September 30th, 2017.Net Profit Distribution 50% of net profit is distributed to investors.Performance fee (5% hurdle):
- 0-5% net profit: 0 % performance fee
- 5-10% net profit: 5% performance fee
- 10-15% net profit: 12% performance fee
- > 15% net profit: 15% performance fee
The remainder (50% minus the performance fee, so at least 35%) is reinvested).
DDF TOKENS PRICE
One Ether will purchase 1,000 DDF Tokens. There is no sale price for Company DDF Tokens, which is created by the Smart Contract System and pre-allocated to the Company before the Sale Period.
TOTAL NUMBER OF DDF TOKENS TO BE CREATED AND SOLD :
Company will create up to 250,000,000 DDF Tokens through the Ethereum Smart Contract System. Before the Sale Period Begins, the Smart Contract System will create and directly release a pool of 2.5 million pre-allocated DDF Tokens to the Company (“Company DDF Tokens”) for certain uses
COMMENCEMENT AND DURATION OF TOKEN SALE :
Company’s sale of DDF Tokens will (a) begin on July 10, 2017, at 12:00 GMT+2 and (b) continue until the time that (i) 247,500 Ether has been received by Company or (ii) or until August 10th, 2017, GTM+2, whichever is earlier (the “Sale Period”). If less than 5,000,000 DDF Token have been sold by Company during the Sale Period (the “Activation Threshold”), each purchaser will have the possibility to initiate the transfer of the respective amount of Ether submitted to the Smart Contract System from the Smart Contract System’s address back to the address used by that purchaser to transfer Ether to the Smart Contract System.
PROCEDURES FOR BUYING AND RECEIVING DDF TOKENS
In order to purchase DDF Tokens during the Sale Period, and to receive the DDF Tokens you purchase, you must have an Ethereum wallet that supports the ERC20 token standard. Company reserves the right to prescribe additional wallet requirements
Approximately forty-eight (48) hours prior to the commencement of the Sale Period, Company will publish an address for the DDF Tokens sale via its website. To initiate a purchase of DDF Tokens during the Sale Period, you must send an amount of Ether to an Ethereum address (the “ICO Address”) that will be provided to you only after you agree to these Terms by clicking the “I Agree with the Terms – View the ICO Address” button at the bottom of these Terms. Sending Ether to the ICO Address during the Sale Period triggers a smart contract operation, pursuant to which the Smart Contract System will automatically create and promptly deliver the corresponding DDF Tokens to the ERC20 wallet address from which the Ether were sent
Ether must be sent to the ICO Address during the Sale Period in order to purchase and receive DDF Tokens. Sending Ether to any other address may result in loss of Ether. Attempted transactions to purchase DDF Tokens will be rejected if Ether is sent to the ICO Address at any time before or after the Sale Period.
The Smart Contract System is deployed by Company from the Cayman Islands, and is programmed so that all transactions it executes will be executed in the Cayman Islands. As such, title to, and risk of loss of, DDF Tokens created and delivered by the Smart Contract System passes from Company to purchasers in the Cayman Islands.
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Website: https://www.digitaldevelopersfund.com/
Whitepaper: https://www.digitaldevelopersfund.com/wp-content/uploads/2017/07/Prospectus.pdf
news: https://www.digitaldevelopersfund.com/news
bitcoin profile link: https://bitcointalk.org/index.php?action=profile;u=1033505