August 15, 2022

Daily Company News

Better Informed Today

BUSINESS NEWS

Meet The SquatchFund – A Cryptocurrency Fund Powered By NFT’s Minting On The Polygon Blockchain

The SquatchFund recently announced the launch date for the first-stage of NFT minting on July 27, 2022, coinciding with the release of the...
Listen to this article

Below is our recent interview with Jenny Gough, Project Lead & Founder at The SquatchFund:

Q: Could you provide our readers with a brief introduction to your company? 

A: The SquatchFund is an enterprising and forward-thinking cryptocurrency fund, powered by unique Sasquatch-design NFTs, minting on the Polygon blockchain.

The company, incorporating in the Seychelles, evolved from three ideas;

  • A desire to share the benefits from a pool of broadly diversified crypto investing and trading strategies (“The Fund”)
  • A mechanism to maximize “ease-of-use” for investors (“The NFT”)
  • A cool bass-playing Sasquatch design on a t-shirt worn by one of the team members at the kick-off meeting (“The Squatch”)

Within the SquatchFund, investors simply buy and hold a Squatch NFT in their wallet, and receive a monthly dividend distribution arising from the proceeds of trading and investing activities by the SquatchFund trading team.

There are seven individual profiles within the SquatchFund trading team, each backed by experienced crypto investors and traders, and each controlling a pool of investment capital.

Available to NFT investors worldwide, each NFT featuring a Squatch design benefits by receiving monthly dividends in the form of SquatchGifts, based on the proceeds of the trading pool. There are also “bonus gifts” distributed, based on individual rarity elements of the NFTs.

Q: Any highlights on your recent announcement?  

A: The SquatchFund recently announced the launch date for the first-stage of NFT minting on July 27, 2022, coinciding with the release of the InfoPaper for the project.

Early Squatch NFT Investors can benefit by registering for the Early Access List at our website, enabling them to be ‘first-in-line” to mint their Squatch, as well as to jump in at the special 25% discounted pre-sale pricing, equivalent to $300 USD.

Believing that “slow and steady wins the race”, the SquatchTeam are taking a gentle approach to build a solid community of NFT holders for the long-term, and will be hosting weekly ‘Money Mindset Mondays’ and ‘Founder Friday Q&A’s’ on the SquatchFund’s TwitterSpace.

The SquatchFund Logo

Recommended: An Interview With Joana Fonseca Orvalho, Career & Mindset Coach At Coaching For Professionals

Q: Can you give us more insights into your offering?

A: Each Squatch NFT is a unique and randomly generated digital art collectible featuring a fun Sasquatch design – some playing musical instruments, while others carry golf clubs, roses, or giant lollipops.

To satisfy the team’s mandate to deliver the highest possible value with maximum “ease-of-use”, investors simply buy and hold a Squatch NFT, and monthly dividends from the SquatchFund are delivered directly to every wallet holding a Squatch.

Investors in Squatch NFTs are investing in a digital art collectible, not in the fund itself. The benefit of investing in the NFT is that the investor owns the NFT. The benefit of holding a Squatch NFT is that they receive gifts from the SquatchTeam, as per the protocol outlined in the InfoPaper.

Squatch NFTs can be transferred or sold on the OpenSea marketplace after minting, with no creator royalties.

Q: What can we expect from your company in next 6 months? What are your plans?

A: The SquatchFund team is understandably very excited about the next 6 months, which will include the project launch and the minting of the collection of 10,000 Squatch NFTs, providing the maximum capital for the trading pools in the SquatchFund.

“Pre-launch” investing and trading has already started for the project in order to take advantage of some great deals in the current market, which will subsequently be delivered into SquatchFund Trading pools as the NFTs are minted.

The first round of monthly gifts based on the proceeds from the trading activities will be distributed to all Squatch NFTs on October 27, 2022, with 25% of monthly proceeds being reinvested back into the trading pools.

In this way, the trading pool continuously grows, thereby increasing the amount of gifts distributed to NFTs.

Q: What is the best thing about your company that people might not know about?

A: The SquatchFund team operates according to a manifesto which guides all trading and investing activities, ensuring confidence and consistency in the approach while managing risk through broad diversification.

The Squatch InvestoManifesto states “The SquatchFund portfolio maintains a moderately conservative foundation topped with higher-risk investments, spiced up with a dash of WILD.”

One of the great things about The SquatchFund is that the trader profiles are flexible enough to evolve as new developments arise in crypto and defi, yet stay within the guideline set by the manifesto, to maximize healthy positive proceeds to share with all Squatch NFTs.