The ARK Platform ICO - Funding - Blog# 03
If there is one word to describe how the Ark Team are handling their Funds, it would be ‘Professionally’.
From all of the Crypto projects I have seen handle their funds, the Ark team has put an awful lot of thought into how they will be handling their funds, and the amount of forward and strategic planning is second to none taking every imaginable step in order to protect the value of the funds they raise.
What I like about the approach of the ARK teams' approach to handling their Funds/Funding is that they are taking very intelligent steps to protect the value of their funds by diversifying the assets/ amounts raised I the ICO/TEC in order to protect against volatility or any unforeseen swings in the markets. The Funds will not just be parked in Bitcoin and Lisk, but diversified into other assets.
Because they will need to pay salaries and expenses in fiat, they are putting strong emphasis on having a legal entity present within the Ark project.
The financial planning they are instilling into the Ark project is second to none, they are treating this as a true business venture and not cutting any corners or taking any unnecessary risks, the forward planning will serve the project well as any legal issues that come up will be swiftly dealt with should anything come up.
ARK will have a Professional Fund Manager and a Portfolio of assets low risk assets such as fiat (Singapore dollars Norwegian chroner Swiss Francs. As well as higher risk, altcoins, precious metals bitcoin to ensure that it has and continues to have the required funds to move forward with their roadmap and ensuring that they will not run out of funds further down the road and to ensure that they can deliver on the salaries of the ARK team.
Also the ARK team will have the ARK Shield fund which will be in the form of the 7% of Ark tokens distributed to assist with the long term sustainability that can be used in the future to fund operations.
The idea is to have enough liquidity for the first two years of development and use the funds grown in this time to payroll the long term growth.
The Budget Allocation of the funds raised is weighted heavily towards the development of the project with a modest portion allocated to to Legal and then a little less for operations and miscellaneous items.
The chart below gives a visual representation of how the ARK team plan on spending the funds raised.
This alloactaion of funds is for the ICO funds to be spent for the first two years.
So far Ark is at about 75% of hitting their target of 2,000 Bitcoins, so the project is on track to succeed in their endeavor and launching their main net within the projected timescale on their Roadmap.
Any additional funds over the 2,000 BTC will enable the team to be able to extend the funding period of the 2 years, and avoid additional unnecessary investments from VC’s.
There is still over 1 week left of the ICO/TEC so you still have time to participate in this potentially ground-breaking project with regards to bringing all of the dominant Blockchains together and helping to speed up the adoption and widespread use of Blockchain technology.
You can find further information on ARK and how to invest in ARK,by clicking on the following Link: https://ark.io/
