THELOGICALINDIAN - Asia has emerged as the new assertive for cryptocurrency and its basal blockchain technology The exponential advance in appeal and association associates in the growing economies is accompanied by ascent appeal for blockchain solutions amid assorted industry segments in the arena Bitcoin Advance Armamentarium a blockchain based startup armamentarium is on a mission to animate the growth
With a primary focus on Indian and Chinese markets, Bitcoin Growth Fund has auspiciously aloft about $14.5 actor through its contempo antecedent bread offering. According to reports, the Bitcoin Growth Fund ICO admiring over 6 lakh participants from India alone. With a minimum advance of $5, 60 percent of the absolute addition has appear from Indian retail investors. The Chinese accomplish up for addition 30 percent of the contribution, followed by the cryptocurrency communities from South Korean, Philippines and added countries.
Founded by Phil McCauley, Nagraj Konda and Mattias Frost in Dubai, Bitcoin Growth Fund will affair MCAP tokens to all the ICO participants. In a address on one of the arch Indian financial account publications, the Director of BGF, Arvind Sehmay mentions the accord of Indian cryptocurrency association saying,
“Sixty percent of the armamentarium has been subscribed by retail investors from India. Most of the retail investors are from tech and accounts accomplishments who usually accept this affectionate of new asset chic investment.”
Bitcoin Growth Fund has disconnected its funds into three altered classes, anniversary accouterment to altered segments of the industry. The Mining and ICO Fund focuses on cryptocurrency mining projects, the Adherence and New Technologies Fund has its eyes on blockchain-based adherence programs for retail and casework sector. The Blockchain and IOT Fund has a abundant added focus are that includes a advanced array of blockchain projects including the ones with applications in the Internet of Things segment.
With the blockchain anarchy aloof starting in the Asian market, Bitcoin Growth Fund, if managed appropriately can accomplish a huge aberration by acknowledging a ambit of cryptocurrency projects with a abeyant to advance assorted industry segments in developing economies.
