Banz Capital Officially Approved to Accept Tron (TRX)
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Banz Capital Digital Asset Fund LP would like to announce we have officially green-lighted the acceptance of Tron (TRX) and Bitcoin (BTC) as viable contributions to our fund. This marks a major advancement, as prior to this we were only positioned to accept U.S. currency as a viable form of subscription. This puts Banz in a finite category of firms, and an even more exclusive category of funds that can verifiably, legally accept Tron as investments. This confirmation comes after working on verification from our fund administrators and legal counsel.
*Same contribution/subscription laws, regulations, and compliance applies. This does not change the internal structure of the Banz Capital fund in any way.*
In July of 2018 TRON acquired BitTorrent for $130M+ and launched Project Atlas, their initiative aimed at decentralizing the internet’s content using blockchain technology. They announced BTT tokens — which will be BitTorrent’s cryptocurrency, running on the Tron blockchain. On February 11, any user that holds TRX on a wallet will be given BTT tokens for free via what is called an “Airdrop”.
Tron (TRX) price has grown 150%+ in the past 2 months; the amount of applications built on the Tron blockchain has now surpassed all other competitors. The Tron blockchain aims to provide fast, scalable solutions for cryptocurrency. We’re happy to now take the initiative and be a part of their ecosystem in a compliant manner. Check out Tron’s website here.
This post and the information contained herein is for informational purposes only. Under no circumstances does any of the information posted represent a recommendation or solicitation to buy or sell any securities or interests. Any such offer or solicitation can and will only be by means of the appropriate offering materials, only in jurisdictions in which such an offer would be lawful, and only to individuals who meet the investor suitability and sophistication requirements in such materials — which should be read in the entirety before considering such investment.
