108 Token provides a diversified, low-cost and simplified exposure to the burgeoning asset class of cryptocurrencies. 108 Token gives investors ETF-style access and eliminates the complexities pertaining to coin selection, wallet management, etc. The token is an indexed ERC20 token that tracks the performance of top 15 cryptocurrencies by a supply-adjusted market cap. In order to provide a diversified exposure to investors, a maximum weight cap of 20% is imposed on each of the index constituents, and the underlying index is rebalanced on a monthly basis. The fee structure is aligned towards long-term performance and low due to the absence of intermediaries and other overheads. We provide investors the flexibility to contribute in either BTC/ETH or fiat for the ICO. To know more about 108 Token and its historical performance against BTC and other benchmarks.
"The Token Generator.
ZCF II, is a Cayman Islands exempted company incorporated under the Companies Law.
The Token Generator is not an investment fund and Tokens do not represent debt or equity interests in the Token Generator.
Investment objective and strategies.
Tokens are intended to provide Token-holders with a convenient, transparent, low cost and diversified tool that allows for easy investments into the blockchain economy. There can be no assurance that the investment objective will be achieved.
The directors of the Token Generator will seek to achieve the investment objective by utilising the investment strategies set out in the section below headed ""Investment Objective, Strategies and Restrictions"".
The directors of the Token Generator have overall responsibility for the management and administration of the Token Generator. However the directors of the Token Generator may delegate certain investment management responsibilities to a third party investment manager from time to time. The directors of the Token Generator may also delegate to the Administrator certain administrative functions.
The Token sale
Tokens will only be offered to Eligible Purchasers.
A purchase of Tokens involves significant risks and is suitable only for those persons who can bear the economic risk of the loss of their entire purchase and who have limited need for liquidity. There can be no assurance that Tokens will perform as ntended.
Potential Token purchasers should review carefully the discussion under the section below headed ""Certain Risk Factors"". They should carefully review this White Paper and the documents referred to herein before deciding to purchase Tokens.
Index Administration Fees; Expenses
The Token Generator will be entitled to an Index Administration Fee of 0.5% per quarter of the Token Generator Net Asset Value before deduction of that quarter's Index Administration Fee as at the last Valuation Date in each quarter.
The Token Generator will pay all the costs of its operation and management, including the organisational expenses, the fees and expenses payable to service providers and all expenses related to its index administration program, any direct or indirect transaction costs as well as brokerage fees.
Restrictions on sale and transfer
Tokens will only be issued to, and may only be transferred to, persons who are Eligible Purchasers.
Token-holders will not receive any distributions as a result of holding Tokens. This does not preclude the directors of the Token Generator from making a distribution at any time in the future if it considers it appropriate to do so.
Token Generator will undertake best efforts to facilitate liquidity for token holders via partnerships/arrangements with both affiliated and unaffiliated partners.
Taxation The Token Generator is not subject to tax in the Cayman Islands (other than an annual filing fee and an annual registration fee) under the current laws of the Cayman Islands. Token-holders should consult their own advisers as to the particular tax consequences for them of their proposed investment."