I envisioned that the future society would incorporate some of the revolutionary ideas to some degree - true ownership, immutability, decentralization, trustless accounting(ledger), or self sovereign identity.
I was always terrified by its potential, something powerful can be used for the good, or can be used for the bad. But it remains powerful regardless. And the objective was and still is, of course, to make the world a better place. It is more obvious today than it was in those early years somehow. I also wanted to serve the community by onboarding “outside” folks in the movement, as well as educating those new circles. In late 2015, I decided that it was time to satisfy those common interests, win-win for everybody. And Tokenpot was born.
Disclaimer: this is a live estimation data
only - official valuations are provided
monthly and privately by the administrators,
Atlas Fund Services.
Disclaimer: this is a live estimation data only - official valuations are provided monthly and privately by the administrators, Atlas Fund Services.
Tokenpot Capital Community
Additionally, fully knowing that the new asset class represented a unique growth opportunity, the connotation to “Jackpot” came secretly to my mind. Combined with the fact that the fund would simply be a basket of many tokens, “Tokenpot” was born. I was never interested in day trading or derivatives, the mission being much more fundamental than instant profits.
Tokenpot only emerged as a bootstrapping service to my personal environment. I feel I completed this task and more: monthly detailed reports, technology focused newsletters, personal assistance and advisory, network introductions, fun interactions and of course, decent ROI over the years. Most of the investors are now educated enough to invest on their own (big caps only). There is always a need for experienced managers due to lack of knowledge and time for most people. More importantly, knowing how to custody the assets securely and understanding the nuances of the various distributed technologies out there is, well, not for everybody at best. That being said, this was at the time – mission accomplished.
Market Overview Panel
There is a context. There is a process. Management and coordination was becoming a diminishing experience with institutional providers not yet caught up to working with crypto funds (custodians, banks, administrators). Their knowledge lacked a proper understanding of the new asset class and therefore demanded more than the typical effort on the manager’s end, which in itself, is already pretty high. The processes were costly and inefficient.
eMerge Americas conference
Ultimately, we underestimated the amount of time to transition and to adopt the new technology, but we did get there.
“For now, I am still enjoying the last mile, and there may be a shadow of Tokenpot remaining afterward, especially with the rising of virtual funds – platforms such as Genesis Vision did not exist before, but it was always my intention to provide convenience, paperless, transparency, and anytime liquidity to a fund structure. This realm of possibilities is perfect timing with the upcoming end of Tokenpot standard funds: for a new beginning, and expansions to other directions. Atsala, the parent company of Tokenpot, is not done innovating.”
I stated the above in an interview with Zage and others in 2019. Indeed the 2022 update followed the intention described in 2019, and the output is called 10102 Capital.
Finally, this last letter to my french investors explains it all in more detail.
Collaborative Lunch and Learn
Collaborative Lunch and Learn
“I started from nothing, with less than $10k investment in operational costs.
The lawyer was not specialized, the accountant either, the choice of the structure was not right, I got it all wrong at first. On top of that, it is nearly impossible to create a proper fund structure with so little…. or so I realized later on — we had to go in a complete restructure, and I understood then what it took to get a chance to compete in the financial world. That could be a whole other interview in itself, but in summary, the regulatory and practical barriers are very hard to overcome — money and network make a good part of the solution. I learned so much and that is why today I can appreciate even more what some of the game changers like Genesis Vision, Melon and Blackmoon bring on the table. This type of business should be an equal opportunity for everyone, and anyone proving the necessary skills shouldn’t be stopped by those administrative obstacles.
Besides, we did implement a few unique and attractive terms:
- Relatively low minimum: $30k USD
- No lock-up period for investors
- Scalable R&D team to cover a growing market (ICO rewards mechanism)
- Boosting local projects and providing a quality network in the Miami hub area