Hong Kong with a new $100 million crypto fund as Signuptoken.com emerges as a Web3 Crypto startup
In October 2022, Hong Kong made it clear that it would join the global cryptocurrency boom as a potential new hub. Hong Kong securities regulators want to let investors use digital assets to invest and are reassessing the city’s stance on crypto regulation and trading requirements.
China has made it clear that they want to ban crypto with their blanket crypto ban in mainland China. However, Hong Kong has taken the opposite stance since it is a city and a special administrative region of China.
On February 20th, Hong Kong’s Securities and Futures Commission issued a proposal for the licensing of cryptocurrency exchanges to take effect in June. The guidelines propose mandatory licensing requirements that include safekeeping of assets, anti-money laundering, along with anti-terrorism provisions. The proposal once live could create a new home for Bitcoin.
ProDigital Future Funding
The ProDigital Future fund is led by Ben Ng and Curt Shi. Ben Ng is a partner at SAIF Partners China, which is a Hong Kong-based equity fund. Curt Shi is a private investor known for investing in technology companies in China. The fund has managed to secure $30 million in funding commitments towards the $100 million goal they hope to achieve.
The fund will focus on supporting start-up Web3-based companies in the regional market. The fund also intends to be present in Australia and Singapore, Europe and the USA. The fund has already invested in metaverse-based projects and companies such as GigaSpace and One Future Football.
Fundraising for the fund has gone smoothly with Sunwah Kingsway Capital Holdings and Golin International GroupSunwah participating. However, when crypto is involved, donors are concerned because of the market volatility of cryptocurrencies.
Signuptoken.com, a Web3 Cryptocurrency
Signuptoken.com is a promising Web3-based project currently in the startup phase. The company outlines a unique approach to crypto investing where the only requirement is an email address that breaks your traditional market trends.
Most other new cryptos will instead have you buy and invest in their pre-sale, while Signuptoken.com wants you to invest your email address.
The white paper outlines a unique approach to crypto adoption by rewarding early adopters with an alert when the crypto project goes live as it reaches 1 million email subscribers.
The project aims to solve the problems of token distribution and adoption by encouraging users to share and promote the project through their email network.
Signuptoken.com understands the importance of community and has chosen not to raise funding. Instead, Signuptoken.com will put its success and failure in the hands of the community.
It is clear that someone in the organization understands that the key to success is not funding or evaluating crypto; instead, it’s the user base, popularity and reach of the crypto.
For many, Signuptoken.com is just the opportunity they’ve been waiting for, so why wait? Head over to Signuptoken.com and register your email address today. This could be the email that helps make you a millionaire.
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