By Jamie – Crypto Broker - 28/01/2022
For years, venture capital has been a closed-door world ruled by multibillion-dollar enterprises. With the advent of tokenisation and blockchain-based corporate efforts in the previous decade, the world of venture capital has become a central participant in Bitcoin investing and its wider popularity.
DAO venture capital is one of these firms, which leverages Decentralised Autonomous Organisations to facilitate venture capital Bitcoin investments. Despite their innovative concept, there have been struggles along the road, primarily regarding operational capacity.
A new project called 420 DAO, on the other hand, tackles this and other issues front on.
420 DAO
420 DAO isn't only a DAO venture capital fund, despite its name. It's also a company that performs three roles: creating decentralised apps (dApps), investing in promising crypto projects and buying altcoins, and managing their own ecosystem.
420 DAO is also addressing the age-old issue of DAO funds' operating capacities with its operational budget. This budget is simply one aspect of the 420 DAO's financial system, which revolves around its native 420 coin.
Users can buy Bitcoin and purchase the 420 token and then stake it in exchange for incentives. Traditional staking awards as well as harmonial benefits are available anytime another staker decides to quit. The staking prize is $220,000, which is split among the stakers based on their staking ratio. Tokens also serve as a means of gaining membership and ensuring voting rights, both of which are important features of DAOs. The value of the 420 tokens is, of course, linked to the assets that the 420 DAO is investing in. Users will be able to purchase the 420 DAO tokens through daily auctions starting in February 2022. The price of the tokens will be determined by the supply on each auction day; however, staking can provide additional tokens. The auctions will take place on the 420 DAO app, which is set to debut in February 2022.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards