Category Archives: Blackmoon Updates
Sergey Vasin of Blackmoon Crypto joins the advisory board of Narrative, the content creation platform where users make the rules and pocket the money
Narrative signs on Sergey Vasin of Blackmoon as an advisor, in a move that will bring Narrative the expertise of a seasoned Fintech expert and crypto community leader
Gibraltar – December 2017 — Narrative Ltd., the blockchain-based content platform, is announcing the newest exciting addition to its advisory board: Sergey Vasin, Chief Operations Officer at Blackmoon Crypto, a blockchain-based platform that provides a seamless way to tokenize real world investment funds. This addition adds another expert to Narrative’s team of advisors, which already includes marketing keynote speaker Christopher S. Penn, author and brand strategy expert Michael B. Moore, noted vlogger Chris Pirillo, and Ancestry.com founder Paul B. Allen.
The new advisor helps Narrative strengthen its ties with the crypto community, as Sergey Vasin is a Fintech industry leader and Blackmoon’s Chief Operations Officer. He manages Blackmoon’s business development, company’s operations, and finance personnel. Before joining the founding team of Blackmoon in 2014, he served as a financial analyst and investment director for a venture capital fund.
Narratives takes the power out of the hands of the corporations behind social networks and puts it back into the members who create the content. Narrative members have total control over the social communities they help create, and all actions on the network are completely transparent. The user body appoints its own moderators and even decides which ads run on the platform. Members earn money from any kind of contribution: writing posts and comments, posting images, and monitoring content. Narrative’s value is represented by cryptocurrency, based on the Ethereum blockchain. Blockchain allows the network to be instantly funded, so that users are paid for their efforts, even while the network is in its infancy. However, even users who know nothing about cryptocurrency can easily take part in Narrative, and can choose to receive rewards in fiat currency.
Narrative will hold an ICO for its NRV token on February 15, 2018, with a presale phase from February 7-14, 2018. Narrative has capped the ICO at 50 million tokens.
“We’re honored that Sergey Vasin has agreed to join our board of advisors,” says Ted O’Neill, Founder of Narrative and Social Strata. “We’ve assembled a powerful team of experts, and we believe that our combination of business expertise, proven technology, and self-sustaining economic model will help propel Narrative to success.”
“Narrative offers an exciting new use for the blockchain, and it’s going about it in the right way: giving members the power to govern their community and making sure that they profit from the content they create,” says Sergey Vasin, co-founder and COO of Blackmoon. “I’m happy to be joining this team of creative thinkers and thought leaders.”
Narrative Ltd. was founded in 2017 by Ted O’Neill, the CEO and founder of Social Strata, a leader in online community technology for the past 20 years, serving Fortune 500 customers. Narrative Ltd. is now launching its blockchain-based social network, Narrative, where content creators and readers monitor their own communities and receive the revenues from the platform. Narrative will launch the ICO for its NRV token on February 15, 2018. The Narrative network is planned to roll out within 9 months of the token sale.
After raising $30M, Blackmoon signs with ninth largest global law firm to legalize crypto investment funds
Blackmoon signs with Allen & Overy to create a legal framework for tokenized funds, in order to deliver investment opportunities in both fiat and crypto economies
London, November, 2017— Blackmoon Crypto, a fintech blockchain based company that raised $30 million during its ICO on September 12th , announces today its agreement with one of the most acclaimed global law firms, Allen & Overy LLP. The agreement will help establish the legal infrastructure that will serve as the backbone for Blackmoon’s crypto and traditional funds. Blackmoon’s platform represents a one-stop solution for asset managers, by allowing them to legally create and manage investment funds. These funds reap the benefits of both crypto and fiat investments: the crypto space provides transparency and enhanced liquidity, while the fiat side offers diversification and access to the multi-trillion traditional assets market. The prestigious Allen & Overy LLP law firm, which is the ninth largest global law firm and has 46 offices in 31 countries around the world, will provide the Blackmoon team with expertise regarding the integration of the cryptosphere and the financial world. The partnership will allow Blackmoon to prepare and thwart any sort of potential scheme that could be caused.
We’re all familiar one way or another with unsuccessful ICO projects. From July 1 through September 25th 2017, 51 ICOs launched with high hopes and big promises, yet failed to meet their own objectives. These companies represented an astouning 59% failure rate for all ICOs during that time period, where the blame fell mostly on the leadership.
Blackmoon hopes to put an end to these schemes and false promises by establishing trust in the FinTech blockchain industry. It builds this trust by embracing the Ethereum blockchain, which establishes a contractual relationship between different parties, based on democratization, decentralization and trust. Transparency means that investment funds will no longer be labeled as “black boxes” for investors, with reports of intentional schemes, unknown motives, and other potential problems.
The partnership with Allen&Overy will allow for the time to a tokenized investment fund, to comply to an existing securities’ regulations and will help minimize counterparty risks. The law firm will work on multiple aspects such as fund incorporation and structure, will reduce the settlement times and improve the constructual term performance that the technology offers.
Blackmoon aspires to create a new and obtainable ledger for investors in order to negate the problems associated with traditional funds. In the Blackmoon economy, investment managers would be able to run a crypto fund without having to go through the hassle of creating a legal infrastructure. This effectively eliminates the barriers for a crypto fund creation, an aspect that is an important milestone in bridging the fiat and crypto economies. Crypto funds are more cost-efficient than the traditional way of investment, due to low infrastructure and setup costs.
Blackmoon has already raised $30 million after holding a successful ICO for its issued token, the BMC. BMC holders who enroll as continuous contributors, will receive immediate revenue stream from the first fund created on the Blackmoon Crypto platform. Blackmoon will establish different funds in collaboration with external asset managers and by this, will expose investors to both the broader crypto market and traditional funding. Additionally Blackmoon has a proven track record of solid, double digit returns in euros to its investors.
“Setting up the proper investment structure is a difficult and costly endeavour. Not all tokenized funds set up a proper structure, which leads to greater regulatory risk for investors,” Oleg Seydak, CEO of Blackmoon Financial Group explained. “Now is the time to introduce the industry standard for setting up tokenized investment vehicles that can attract investments from private individuals and institutional investors of any kind. That’s what the Blackmoon Crypto platform does; it pays attention to regulatory risk and bridges the gap between the fiat and crypto worlds.”