Did you think having the 2nd highest priced token in the world was enough for Monkey Capital (MC) and their CEO Daniel Harrison?
Nope. They were apparently not satisfied with merely churning up the high seas of finance and decided to go ahead and invent the concept of an ICO Acquisition.
Using a combination of their flagship token COEVAL and MNY, their dividend generating token, MC has purchased a stake of Digital Developers Fund (DDF), an ICO that is already in progress and set to complete on August 10th, one day after the MC ICO starts.
Now, why would they just crash another ICO’s party, jump behind the bar, and start handing out tequila shots? It turns out, when you look at it, that it’s a perfectly reasonable thing to do given the structure of Monkey Capital.
DDF is a digital asset manager. That means they purchase high-value domain names, cryptocurrencies that meet certain standards and also invest in crytpo-mining. It sure seems to have worked out well for them given they have a seven year track record of bringing in returns in excess of 30%.
Hmm, a company generating revenue from new and innovative concepts having their projects infused with value from Monkey Capital while maintaining independent management? If you’ve been watching MC at all what comes will be no surprise.
DDF will change it’s name to Monkey Ventures and will issue their token as MVS which will become the first active Child token on the Monkey Capital Family Tree and pay its first dividend in September. I have previously written about COEVAL and also the Token Family and how it is structured to work once MC is in full swing but this acquisition will bring that theory immediately into practice.
Monkey Capital will be fully operational almost as fast as the first contributions to their ICO can manage to get fully confirmed on the blockchain!
I know what you’re thinking: Will these guys please calm down for a day or two? There are other ICOs out there. They are putting a lot of hard work into their token offerings that allow holders exclusive access to discount banana smoothies, psychic readings, or future gains in the spray-on hair industry...
You're right. It's not. But, if you're as heartless as the Monkey Capital team and you want to participate you are no longer limited to just purchasing COEVAL, now you can participate directly in the running DDF ICO.
1 Ether will get you 1000 DDF (now MVS) which is nice given the recently disappointing ETH prices.
As usual I will state that I am not affiliated with Monkey Capital and that I hold COEVAL but this time I get to mention that I am also holding DDF in addition, having invested in the company on its own merits before MC joined the fray.
excellent post
Very interesting!!! Love the idea of how it gonna flow and work. Will try some. Very much thanks for sharing. Please update more on any news or activities of MC.
i will participating in this ico
OK but what would this mean to DDF investors? Is this is an acquisition where DDF will still be kept as a separate working entity, still being a fund that will pay dividends?
DDF becomes Monkey Ventures but they remain independently managed. Dividends will come out through the child token MVS to holders of that token.
Do you have to own MVS as well to receive dividends? Or is it enough to just hold MNY?