X-Capital Crypto Hedge Investment Fund Pledges 2,000 ETH to Dream ICO Contribution
X-Capital Pledges 2,000 ETH Contribution in DREAM ICO
X-Capital, a diversified cryptocurrency hedge and investment fund based in Palo Alto, recently declared that it will donate 2000 ETH during the ICO for DREAM, a blockchain talent ecosystem. As a result of this massive injection of funds, the DREAM team has announced that they are highly likely to realize the project’s ultimate goal, which is to leverage distributed ledger technology to transform freelance hiring, team building and automation of platforms. Notably, X-Capital will support several projects, with DREAM being among of the first three beneficiaries.
Usually, X-Capital uses their proprietary X-Celerator to enable upcoming startups to realize their full potential. X-Celerator itself operates according to instructions derived from advanced mathematical calculations and prevailing economic factors.
For a project to receive funding from X-Capital, it has to satisfy a certain specified threshold. During the evaluation process, the following factors are usually examined:
- Industry Analysis and Market Survey
- Team Composition and Reputation
- Technical Proficiency and Inhibitors
- Project’s Operational Guideline and Practicability
- Token Economics
- Business Model and Member Incentives
By strictly adhering to the guidelines mentioned above, X-Capital achieved a record return in 2017.
Poseidon Ho, a manager at X-Capital, revealed that he initially met with DREAM's CEO Richard Foster in Shanghai, China. Since the first meet, Richard continued to provide updates regarding the development of the project to Poseidon. After weighing several options, Poseidon identified DREAM as one of the standout projects that needed a substantial amount of funding to actualize their goals. This is because the DREAM project addresses real-life challenges and can thereby become an invaluable partner to X-Capital.
On his part, Richard Foster lauded Poseidon and X-Capital at large for their exceptional professionalism. He disclosed that X-Capital conducted a thorough analysis of his startup, ranging from their business model to token economics. Richard added that besides their enormous contribution to the crowdsale, X-Capital will also benefit DREAM with their experience and extensive connections in the market. Foster concluded by encouraging startups to pitch their ideas to X-Capital for consideration. However, applicants should be prepared for a rigorous vetting process with several meetings in-between.