Two Prime Overview By BlockTalks!
What is Two Prime?
Two Prime is a fintech company that focuses on the financial application of crypto to the real economy. It applies traditional investment models and economic theory to crypto, bridging the best practices of traditional finance and crypto.
Two Prime’s vision is to bring abundance to the crypto industry. By introducing a new breed of cryptocurrency backed by real assets that hold accretive value Two Prime will reinvigorate the crypto markets and bring real value to investors.
Why was Two Prime established?
Two Prime was established to mature the way we approach crypto.
Despite its debut as an alternative financial architecture after the financial crisis of 2008, crypto is yet to reach its full potential as an accretive and viable asset. The industry has largely focused on technological advancements, which has not been fruitful thus far and has overlooked its original thesis, i.e. financial applications.
In order to move the industry forward, the founders believed that industry must refocus on what
works best for crypto — finance. Specifically, crypto has succeeded 1) as a store of value; 2) in
rapid fund formation, as demonstrated during the ICO boom; and 3) prevalent use of
asset-backed tokens in the markets. Building upon the strengths of crypto, Two Prime at the
forefront of the industry’s search for a new investment model that pushes the boundaries of and
brings trust and professionalism to the field.
How does Two Prime fund its investments?
Two Prime will initially emit one million FF1 tokens into circulation onto secondary markets, such as exchanges, through a Continuous Token Offering aka the CTO. The CTO replicates the private equity approach of staged, de-risked financing and will continuously release additional tokens into circulation in line with real demand.
FF1 is a BRAND NEW asset class that combines the top killers apps of crypto — a safety of a stable coin and the finite supply of a Bitcoin.
The FF1 token offers a global, liquid store of value with upside potential alongside asset-backing. In other words, a safe haven to park your assets in turbulent times and GROW them in all weather conditions.
How it works?
FF1 is a hybrid token that allows for demand-driven price fluctuations and asset-driven price support. Token economics respond to market interest and drastically reduced volatility (no pump and dump, ever).
Proceeds from FF1 purchase go into a treasury portfolio of crypto, fixed-income, and venture investments that return cash flows. You get exposure to institutional-grade investment opportunities that were previously available only to private investors.
What is CTO (Continuous Token Offering)?
A Continuous Token Offering is the mechanism in which Two Prime releases tokens into a secondary market and raises funds to be invested in qualified projects. Unlike a traditional ICO, tokens are not released all at once. In a CTO, tokens are released periodically, based on the token’s value accretion and demand for the token.
“One of the greatest successes of cryptocurrencies is in rapid fund formation, as demonstrated during the initial coin offering boom,” the firm’s chief operating officer, Alexander Blum, said.
Here are the more details about CTO model ~ CoinDesk
About Founders
Marc Fleury (CEO)
Marc was born in Paris, France. After earning his Ph.D. in Theoretical Physics from the French École Polytechnique, for work he did as a visiting scientist at the Massachusetts Institute of Technology, Marc was the founder and Chief Executive Officer of open-source software company JBoss. Marc raised $10 million of venture capital and sold JBoss to Red Hat for $420 million in April 2006. In retirement, Marc went back to research, including Biology and Modern Monetary Theory (MMT). In finance, he published MMT research on endogenous monetary growth under Basel regulation, and successfully operated hedge fund synthetic strategies as a proprietary fund manager throughout the 2008 financial crisis.
Alexander S. Blum (COO)
Alexander is a finance and technology leader. Alexander has led blockchain hedge funds and startups for 7+ years, developing Atomic Capital, a cryptocurrency mining operation, an AI-Crypto Hedge Fund, and leading projects at both Fortune 500s and prominent blockchain start-ups. Alexander has written for Forbes, The Pacific Council on International Policy, The Huffington Post, and Seeking Alpha and spoken at events around the globe.
Here are few links about Two Prime ~
Bloomberg about Two Prime: https://www.bloomberg.com/news/articles/2020-01-16/open-source-guru-fleury-s-crypto-firm-to-debut-asset-token
CoinDesk about Two Prime:
https://www.coindesk.com/fintech-startup-aims-to-create-new-asset-class-with-continuous-ico-model
Marc Fleury for Charlie Shrem’s “Untold Stories” podcast: https://www.youtube.com/watch?v=jqr6zejxnpw
Marc Fleury on Bitcoin Halving for Cointelegraph: https://cointelegraph.com/news/why-i-am-cynically-bullish-about-the-bitcoin-halving
Official website: https://twoprime.io/
FF1 on Bithumb Global: https://www.bithumb.pro/en-us/exchange/professional?q=FF1-USDT
FF1 on CoinMarketCap: https://coinmarketcap.com/currencies/two-prime-ff1-token/
Two Prime on Twitter: https://twitter.com/two_prime
Whitepaper ~ Link
TO ABUNDANCE!