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October 19, 2018
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Befund Service Platform Welcomes Backing of DAOS Capital as They Prepare for BFDT Crowdsale

As the Singapore-based Befund service platform gets ready to launch their own crowdsale this week (May 16, 2018), they have been busy connecting with established funds who want to help them realize a future of decentralized cryptocurrency fund management. Daos Capital recently joined their supporters, as Befund moves forward on its quest to become the go-to solution for cryptocurrency funds.

The Befund Platform aims to mitigate the potential problems faced by would-be crypto holders by bringing them together with their platform’s venture capital professionals. Befund’s goal is to build a standardized blockchain-based service platform that complies with various jurisdictional regulations, with an eye to providing guidance to cryptocurrency funds, fund managers, and token holders anywhere in the world. Their long-term goal is to build an ecosystem that will encourage widespread participation in the crypto market by the entire financial industry. They are currently working on an alliance with a provider of compliance audit services, to give their users assurance that they are receiving trusted crypto financial planning advice. The platform will also allow subscribers to interact directly with industry experts who have backgrounds in angel investing, along with financial planning and private equity.

One of the key pillars of the platform is the number of established funds it can attract to its ecosystem to provide a more robust service for its users. This week the non-profit company announced that Daos Capital will use the service. Daos is made up of a group of senior investors and venture capitalists with experience in blockchain and cryptocurrency trading. They focus mainly on the digital assets secondary market, where they leverage arbitrage space on behalf of their backers. The fund employs short-term mechanisms to mitigate the effects of cryptocurrency volatility, while screening existing funds through benchmark professional fund standards. Daos is an AI-driven company that offers various risk-level strategies, depending on backers’ needs and preferences.

The Befund Service Platform team is led by a group of financial, technology, and legal industry experts, who bring many years of experience in their respective fields to the table. CEO, Winston Zhang, has served as a senior officer for a number of international companies, including IBM, Oracle, and i2. He has a background in the financial and banking industry and has been focusing more recently on blockchain and AI technologies. He is joined by COO, Chris Wu, who holds Master’s degrees in computing and AI technology and Finance, and has served in senior roles in the past at Duncan-Williams Investment Bank in China and currently at the Trivantis Corporation. The company’s CTO is Jack Hong, who was formerly CTO of Mars Venture Technology (Beijing) before serving as GM and CTO of Heze Technology (Beijing).

Khalil Lin is the company’s Director of Overseas Operations. He holds a JD from UC Davis, and has published extensively on blockchain and media in the United States and specializes in global jurisdictional laws around the technology. Lin believes that blockchain technology can truly transform trading and investment as we know it. “We trust that our platform has the power to dissolve traditional silos that create inefficiency and poor cooperation,” he says. “Befund breaks down both interpersonal as well as geographic barriers. With our system, people all over the world will have much easier access to powerful financial tools to manage their crypto assets, which in turn will create the conditions for greater trust between global funds and international investors.”

The company’s advisory board and early-stage investors include Duncan-Williams COO, Dan Clanton; chairman and CEO of Flypaper Studio, Inc., Charles J. Beech; MetLife Director of Annuity Product Management, Lucas Lui; Bitcoin86.com founder Li Fude; and Cisco cryptography lead researcher Dr. P. Duan. They are joined by a number of other finance and technology leaders who share a passion for blockchain technology and its potential.

Befund aims to be the app that connects potential crypto holders with professional fund managers through the learning modules, subscription platforms and more created by the latter using Befund’s SaaS platform. The entire ecosystem is powered by the BFDChain token, known as the BFDT, which has transaction, gas and currency-like functions. All of the subscriptions available on the Befund technology solution will accept the token and the Befund SaaS toolkit will require the token for access. Moreover, on some of the platforms built using the Befund technology solution major holders of BFDTs may also be entitled to participate in exclusive advance fund sales. 500 million BFDT will be available for sale, with a maximum of two billion BFDT to be issued, including the sale of 9% to strategic backers, a 25% private placement (including the public crowdsale starting this week) with whitelisted buyers who pass their KYC procedure, and a distribution of 20% to the Befund team.

You can find out more about Befund by visiting http://www.befund.io/ and its Telegram group at https://t.me/BefundOfficial

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