Assetcoin

Assetcoin Capital Fund is a cutting-edge venture capital fund. Its core mission is to invest capital in urban communities across America. The fund’s concentration is mortgage lending, real estate development, construction projects, and qualified early-stage growth companies which create jobs and a financial return for investors. Assetcoin intends to disrupt and expand the financial market domestically using its proprietary Alternative for Collateralized Loan Obligations (ACLO) product.

Bookmarks

Progress: 7 %

Funding Raised

$700.00

Funding Goal

$10,000-$5,000,000

Days Remaining

139 Days

Assetcoin

Assetcoin Capital Fund is a cutting-edge venture capital fund. Its core mission is to invest capital in urban communities across America. The fund’s concentration is mortgage lending, real estate development, construction projects, and qualified early-stage growth companies which create jobs and a financial return for investors. Assetcoin intends to disrupt and expand the financial market domestically using its proprietary Alternative for Collateralized Loan Obligations (ACLO) product.

Progress: 7 %

Funding Raised

$700.00

Funding Goal

$10,000-$5,000,000

Days Remaining

139 Days

Business Description

Assetcoin Capital Fund focus is on urban America. At the core of its business model the company provides investment advisory services for each investment fund it partakes in to ensure the growth of the fund. The company is exempt from registration under the Investment Company Act of 1940 and their securities are not registered under the Securities Act of 1933, as amended.

The company raises capital from investors in exchange for securities in the form of a SAFT Agreement (Simple Agreement for Future Tokens). The monies raised will help fund operations and develop urban communities by way of investments in mortgages, real estate acquisition, construction projects, and qualified early-stage growth companies that create urban job opportunities. The aim of the company is to invest wisely, make a profit and share those profits with its investors.

The company is governed by a strict set of criteria and investment guidelines in accordance with the U.S. Securities and Exchange Commission. Investment advice is provided by Assetcoin Capital Fund and is subject to the discretion and control of the Board of Directors. The investment parameters are established and outlined in the governing agreements or offering documents of each applicable fund initiated.

Problem

Problem 1: Homeownership – Access to Credit

The wealth gap continues to grow; although homeownership is the single greatest asset for many individuals and families today, access to homebuying capital remains a key front-line issue. With black homeownership declining to lows not seen since the 1960’s, a large mortgage-ready population remains underserved by financial institutions. These underserved communities represent both the future of this country and a major business opportunity; therefore, to ensure the American Dream (homeownership) remains within reach, a guaranteed pathway must exist for all qualified homebuyers.

Problem 2: Build Back Better – Racial Inequality

Citigroup Investment Bank and Financial Services reported that an estimate $16 trillion is lost in GDP due to racial inequality in the United States. “Racial inequality has always had an outsized cost, one that was thought to be paid only by underrepresented groups,” said Raymond J. McGuire, Vice Chairman of Citigroup and Chairman of Banking, Capital Markets and Advisory. “What this report underscores is that this tariff is levied on us all, and particularly in the U.S., that cost has a real and tangible impact on our country’s economic output. Now, more than ever, we have a responsibility and an opportunity to confront this longstanding societal ill that has plagued Black and brown people in this country for centuries, tally up the economic loss and as a society, commit to bringing greater equity and prosperity to all.

Solution

Solution 1: Homeownership

Underserved communities represent a missed opportunity for lenders and investors and Assetcoin has emerged to help the many communities waiting in distress for a life sustaining solutions. Lenders can tap into the potential through existing products, incentives, fees, and partnerships; doing so, increases volume and revenue for lenders. In addition, benefits the bank Community Reinvestment Act goals and Government Sponsored Enterprises (GSEs) in their Duty to Serve (DTS) rules. Most importantly, unlocks credit access for our underserved communities allowing them to achieve homeownership and build wealth.

Solution 2: Building a Bridge to the Future

We agree with Raymond J. McGuire and Citigroup, Black and brown lives do matter, and it is time for all of us to tally up the economic loss and commit to bringing greater equity to those urban communities waiting in distress. At Assetcoin we see ourselves as a catalyst for change; as such, have launched the next generation digital token (A$$ETcoin(R)) as a bridge and vehicle to homeownership, community renewal and job development in urban America. For the next generation of digital currency to succeed, it must incorporate three components; it must be adaptable to urban America, serve as that bridge to the future, and serve as a pathway to generational wealth.


Business Model

Assetcoin intends to disrupt and expand the financial market domestically using its proprietary Alternative for Collateralized Loan Obligations (ACLO) product. ACLO is designed to create opportunities for responsible homeownership, asset acquisition. As an investment grade loan product, ACLO is built on a self-dissolving debt platform that is 100% default protected. ACLO was designed to reduce the risk and cost of asset acquisitions. ACLO is designed to protect the lender/investor through a self-dissolving debt platform. ACLO is designed to incentivizes and protects the borrower by providing a wealth building component to assist or help the borrower guard against future financial crisis.

According to the Homeownership Council of America, 10 million mortgage ready homebuyers are going underserved across America. By successfully lending in these underserved communities, lenders could conservatively increase their loan volume by at least $1.5 Trillion. The lack of origination in underserved communities is a missed opportunity for lenders; likewise, Assetcoin’s primary mission is to fill this gap and provide underserved communities with the resources and homeownership opportunities they deserve.

Traction & Customers

The Company does not have customers in the traditional sense.

Investors

Assetcoin Capital Fund currently has had no investors in their company. This means we have no short-term or long-term debt to date.

Become an Investor

Generally, ground floor opportunities like this never reach urban America and only reach the masses after wealthy investors have positioned themselves ahead of them. Assetcoin by design has made it affordable for everyday common folks with not a lot of resources to be an investor in the Assetcoin movement.

The Minimum Investment is only $10.00. Assetcoin is seeking only $5,000,000 in this round, so the opportunity will not last long. If you invest $10.00, you will receive a 2x bonus multiplier on the number of tokens you receive once they are distributed. For example, if the token was trading at $1.00 and you invest $10.00, your 2x bonus multiplier doubles your book value to 20 coins/tokens. The investor receives 20 coins/tokens for their $10.00 investment: thereby, reducing the base price of the coin/token from $1.00 down to $0.50 per coin/token.

When Assetcoin closes its initial Seed Round, the 2x bonus multiplier will no longer be offered.

Terms

Assetcoin Capital Fund is offering a Simple Agreement for Future Tokens (“SAFT”) under registration exemption 4(a)(6). This offering must raise a minimum of $10,000 by March 14th, 2022 at 11:59pm ET. If this offering doesn’t reach its target, then your money will be refunded. Assetcoin Capital Fund may issue additional securities to raise up to $5 million, the offering’s maximum.

On the Initial Token Generation Date, before the expiration or termination of the SAFT, the Token Issuer will automatically issue the Tokens to the investor provided that (i) the investor will execute and deliver to the Token Issuer any transaction documents related to this SAFT and/or the Tokens upon reasonable request in order to give effect to the transaction(s) contemplated by the SAFT and (ii) the investor will provide to the Token Issuer a public Ethereum wallet address to which the Token Issuer may deliver tokens during the anticipated Token Generation Event.

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment.

In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature.

These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

Neither PicMii Crowdfunding nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.

The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Security Type:

SAFT

Post Money Valuation:

No Post Money Valuation

Regulatory Exemption:

Regulation Crowdfunding – Section 4(a)(6)

Deadline:

March 14, 2022

Minimum Investment Amount:

$10

Target Offering Range:

$10,000-$5,000,000

*If the sum of the investment commitments does not equal or exceed the minimum offering amount at the offering deadline, no securities will be sold and investment commitments will be cancelled returned to investors.

Market Projection

The lack of origination in underserved communities is a missed opportunity for lenders. Homeownership is still affordable for far more people than have been given the opportunity to achieve it. A 2017 data set compiled by Freddie Mac, ”Future Borrowers: Challenges and Opportunities” demonstrates that there were over 36 million people across the country who were credit-ready and have not yet purchased a home. Another study released by the Urban Institute in 2016 showed that conservatively, over 5.2 million qualified people did not access credit from 2009-2014. Little has changed in the lending and the business model in the past 5 years. We extrapolate that number to estimate that over 10 million mortgage ready homebuyers are going underserved in 2019. By successfully lending in underserved communities, lenders stand to conservatively increase their loan volume by at least $1.5 Trillion.

The Citi GPS Report identifies the underlying causes of the racial and economic gaps exacerbated by the COVID-19 pandemic and discusses the value of closing gaps. Report authors prognosticate that if racial inequity gaps were closed today, the equivalent add to the U.S. economy over the next five years could be $5 trillion of additional GDP, or an average add of 0.35 percentage points to U.S. GDP growth per year and 0.09 percentage points to global GDP growth per year.

Competition

The Company’s competitors include other firms that focus on investing in mortgages, real estate and in early-stage companies, particularly those who invest in underrepresented people. It may also compete with financial institutions, large publicly traded companies and other venture capital firms in providing financing to business that the Company will attempt to. Many of the Company’s competitors have greater resources than those available to the Company.

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Assetcoin
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  • Duane Quamina
  • Assetcoin Capital Fund focus is on urban America. At the core of its business model the company provides investment advisory services for each investment fund it partakes in to ensure the growth of the fund. The company is exempt from registration under the Investment Company Act of 1940 and their securities are not registered under the Securities Act of 1933, as amended. The company raises capital from investors in exchange for securities in the form of a SAFT Agreement (Simple Agreement for Future Tokens). The monies raised will help fund operations and develop urban communities by way of investments in mortgages, real estate acquisition, construction projects, and qualified early-stage growth companies that create urban job opportunities. The aim of the company is to invest wisely, make a profit and share those profits with its investors. The company is governed by a strict set of criteria and investment guidelines in accordance with the U.S. Securities and Exchange Commission. Investment advice is provided by Assetcoin Capital Fund and is subject to the discretion and control of the Board of Directors. The investment parameters are established and outlined in the governing agreements or offering documents of each applicable fund initiated.
What kind of income will LLC unit holders be allocated on Schedule K-1?
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Rev. Duane Quamina
Senior Manager, President, and CEO
BackgroundResponsibilities include fundraising and firm leadership, managing deal flow, sourcing new deals, supporting portfolio companies, investor relationships, as well as brand development and awareness efforts. Associate Degree, Business Management 4 Years Military Service

Burena “Bree” Morris
Senior Manager, COO
BackgroundResponsibilities include managing operations, implementing and evaluating operation processes and procedures in accordance with company standards and ensuring operational processes stay within budget. She also assists the CEO in developing strategies and implementation plans to improve operations. B.A. in Business Administration, B.S. in Social Entrepreneurship and an MBA with a concentration in Entrepreneurship

Allen Redic
Senior Manager, Executive VP Of Construction and Evaluation
BackgroundAllen’s responsibilities include developing and managing the residential and commercial real estate division, supporting real estate related portfolio companies, insuring timely completion of all projects, overseeing quality control of all construction related projects. Bachelor of Science in Business Administration, and he also carries an MBA specializing in Human Resource Management.

Wayne King
Senior manager, Executive VP of Real Estate
BackgroundResponsibilities include conducting due diligence on portfolio companies, providing support communications, management and internal operations controls, including helping with project plan reviews, project team coordination, and oversight of outsourced services. Attended Macalester College and is presently a member of the Utility Resources and Infrastructure Group in Philadelphia, PA.

Rhonda Coleman, Esq.
Manager, Board Members
BackgroundResponsibilities include contract review and deal negotiations with portfolio companies. Legal review of documents and guidance on legal matter. Degree in English from Christian Brothers University, Master of Arts from the University of Memphis, Juris Doctor (JD) from Loyola University of Chicago, studied at the University of Beijing’s School of Business and Economics and at the University of Granada in Spain.

Gregory “Bo” Kimble
Manager, Board Member
BackgroundResponsibilities include government and public relations. Communicate critical information effectively to the public. Write press releases and prepare information for distribution by media outlets. Draft speeches and arrange interviews. Respond to requests for information from the public and media outlets. Degree in Communications from Loyola Marymount University, Los Angeles, CA

Legal Company Name

Assetcoin

Location

1309 Coffeen Avenue
Suite 1200
Sheridan, Wyoming 82801

Number of Employees

6

Incorporation Type

LLC

State of Incorporation

Wyoming

Date Founded

July 28, 2021

Bookmarks

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