Tokenpot Capital – Private Investment Cryptocurrency Fund

Tokenpot Capital Master Fund, LP was a private fund investing in cryptocurrencies and innovative projects supporting blockchain and distributed ledger technology. The fund strategy relied on fundamental analysis and provided key differentiators to investors including: portfolio diversification, a means for socially responsible investing and adherence to strict security measures. An offshore feeder fund was also available for international investors. Tokenpot Capital Offshore Fund, Ltd.

The fund invested primarily in long term "core" large cap positions and shorter term small cap "edge" positions. The remainder of the fund was held in partnerships with pre-ICOs and at cash balance. Among the core cryptocurrencies, the fund supported those with true technical innovations or those designed to guide towards a decentralised economy and governance. Infrastructure was of course a large consideration when selecting core positions, as it enabled applications to be built on top which was seen as the first required layer in this new era.

The fund understood the real world implications of this new movement based on innovative blockchain technology and invested consciously in only the best interests of humanity and the social good in mind. Tokenpot believed that blockchain and distributed ledger technologies would help revolutionise the world by solving problems related to poverty, healthcare and energy among other issues and took pride in supporting this new movement which had the potential to change life as a whole.

TOKENPOT CAPITAL (TPC) is a private investment fund not advised by the FDIC or any other federal government agency. Any investment in TP is not guaranteed by TP or any of TP's affiliates. Involves investment risk, including possible loss of principal. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment.

TP does not make recommendations to purchase or sell specific securities; provide investment advisory services; conduct a general investment business. Neither TP nor its officers, directors, employees, or agents shall have any liability for any loss or damage of any kind arising out of the use of all or any portion of this material on this website.

The materials on this website are for illustration and discussion purposes only and do not constitute an offering, may be made only by delivery of a confidential offering memorandum to appropriate investors. This performance of the investment in TP or any of TP's returns.

THE MANAGER

Introduced to Bitcoin in 2012, I quickly became passionate about the movement, technology, and community behind it. It's a long love story from there and while it started with mistakes, experience came in wide and diverse along the way.

I envisioned that the future society would incorporate some of the revolutionary ideas to some degree - true ownership, immutability, decentralization, trustless accounting(ledger), or self sovereign identity.

Micka, Managing Partner, Atsala

Unofficial T01 NAV

This was a live estimation — official valuations were provided monthly and privately by the administrators, Atlas Fund Services.

THE BIRTH

Back then the expressions of my family and friends when telling them about this whole new world emerging were palpable – I was crazy or extremely nerd at best. But eventually, they started to ask questions. At the same time, I wanted them to be part of what I thought would be a huge disruption. In my mind, the potential was so enormous that the people involved would become much more powerful than those not involved. We had to be there, good folks!

I was always terrified by its potential, something powerful can be used for the good or can be used for the bad. But it remains powerful regardless. And the objective was and still is, of course, to make the world a better place. It is more obvious today than it was in those early years somehow. I also wanted to serve the community by onboarding "outside" folks in the movement, as well as educating those new ones. In late 2015, I decided that it was time to satisfy those common interests, win-win for everybody. And Tokenpot was born.

THE NAME

The "token" word was not much used yet in 2015, but having followed projects such as Ethereum, Bitshares, NXT, IOTA and other early experiments, I knew the name of the fund had to be as generic as possible. Indeed the next phase after Bitcoin and its clones emerged as platforms rather than just cryptocurrencies as money (coins). Platforms that would enable the creation of many decentralized applications (smart contracts), or tokens.

Additionally, fully knowing that the new asset class represented a unique growth opportunity, the connotation to "Jackpot" came secretly to my mind. Combined with the fact that the fund would simply be a basket of many tokens, "Tokenpot" was born. I was never interested in day trading or derivatives, the mission being much more fundamental than instant profits.

$Blockchain Shift 2018 - Market Overview Panel$

Blockchain Shift 2018 | Market Overview Panel

MISSION

The goal was simple: allow people to follow and be invested in the fundamental technologies of the crypto space, without the various technical difficulties involved while getting started (setting up accounts, wallets, exchange trading, maintaining the nodes, private keys management, etc). The strategy was even more concise on paper: research on fundamentals, investment long term and as early as possible when the former is satisfied. We focused on exploring and supporting the core infrastructure.

Tokenpot only emerged as a bootstrapping service to my personal environment. I feel I completed this task and more: monthly detailed reports, technology focused newsletters, personal assistance and advisory, network introductions, fun interactions and of course, decent ROI over the years. Most of the investors are now educated enough to invest on their own (big caps only). There is always a need for experienced managers due to lack of knowledge and time. Knowing how to custody assets securely and understanding the nuances of the various distributed technologies is, well, not for everybody. That being said, this was at the time — mission accomplished. and of course, decent ROI over the years. Most of all the hard work I put and also the years in it. There is a context. There is a process. Management and coordination was becoming a diminishing experience with institutional providers not yet caught up to working with crypto funds (custodians, banks, administrators). Their knowledge lacked a proper understanding of the new asset class and therefore demanded more than the typical effort on the manager's end, which in itself, is already pretty high. The processes were costly and inefficient. – mission accomplished.

BarclayHedge

Recognition Award
for Excellence

#1

Tokenpot Capital
Net Return For
April 2018
Sector: CTAs Managing
Less Than $10M

BarclayHedge

Recognition Award
for Excellence

#1

Tokenpot Capital
Net Return For
October 2018
Sector: CTAs Managing
Less Than $10M

BarclayHedge

Recognition Award
for Excellence

#2

Tokenpot Capital
Net Return For
February 2019
Sector: CTAs Managing
Less Than $10M

Top 20 CTA

Tokenpot Capital
#3
YTD Return
53.38%

2019 Performance
Recognition

MANAGER'S AWARDS

Recognition from BarclayHedge for consistent top performance in the CTA sector. Multiple #1 rankings and top 20 performance demonstrates the fund's successful execution of its cryptocurrency investment strategy.

These awards reflect the fund's ability to navigate the volatile cryptocurrency markets while delivering superior returns to investors during the 2018–2019 period.

ENDING IN 2019

At Tokenpot we knew that we wouldn't see a quick recovery of the alternative crypto projects from their fall down since early 2018. Only BTC and ETH would lessen the risk for some time. Popular exchanges were starting to close doors on US entities at that point. It became challenging as the fund was only able to trade on Coinbase and several lower quality exchanges, leading to a low liquidity environment. Regulation in the US was hinting at hitting hard on many projects. And indeed, it did (Goodbye ICOs).

There is a context. There is a process. Management and coordination was becoming a diminishing experience with institutional providers not yet caught up to working with crypto funds (custodians, banks, administrators). Their knowledge lacked a proper understanding of the new asset class and therefore demanded more than the typical effort on the manager's end, which in itself, is already pretty high. The processes were costly and inefficient.

Beyond this, we knew that on-chain technology was coming and we wanted to operate on the new rails. For the dream of operating end to end efficiently with full transparency, we had to be ready. That meant terminating the fund running on the dinosaur rails as soon as possible.

Ultimately, we underestimated the amount of time to transition and to adopt the new technology, but we did get there.

"For now, I am still enjoying the last mile, and there may be a shadow of Tokenpot remaining afterward, especially with the rising of virtual funds – platforms such as Genesis Vision did not exist before, but it was always my intention to provide convenience, paperless, transparency, and anytime liquidity to a fund structure. This realm of possibilities is perfect timing with the upcoming end of Tokenpot standard funds: for a new beginning, and expansions to other directions. Atsala, the parent company of Tokenpot, is not done innovating."

I stated the above in an interview with Zage and others in 2019. Indeed the 2022 update followed the intention described in 2019, and the output is called 10102 Capital.

Finally, this last letter to my French investors explains it all in more detail.

TOKENPOT CAPITAL WAS UNIQUE

From the Manager's interview with Zage

"I started from nothing, with less than $10k investment in operational costs. The lawyer was not specialized, the accountant either, the choice of the structure was not right, I got it all wrong at first. On top of that, it is nearly impossible to create a proper fund structure with so little…. or so I realized later on — we had to go in a complete restructure, and I understood then what it took to get a chance to compete in the financial world. That could be a whole other interview in itself, but in summary, the regulatory and practical barriers are very hard to overcome — money and network make a good part of the solution."

Long story short, I'd say this ground zero starting point makes Tokenpot a unique story in the financial world.

Besides, we did implement a few unique and attractive terms:

Relatively low minimum: $30k USD
No lock-up period for investors
Scalable R&D team to cover a growing market (ICO rewards mechanism)
Boosting local projects and providing a quality network in the Miami hub area

Always remember, the "crypto" scene right now is more than just a market with currencies, it is a movement. It is shaping the future in many industries, in many ways. It is the intersection of many essential and profound topics. It is for us, people, our power and our right to really speak, act, and implement.

2015 – 2019

Tokenpot Capital was a Private Investment Fund investing in cryptocurrency as well as innovative projects supporting blockchain and Distributed Ledger Technology for the greater good.

About us

Our Story

THE MANAGER

THE BIRTH

THE NAME

MISSION

MANAGER'S AWARDS

ENDING IN 2019

TOKENPOT CAPITAL WAS UNIQUE

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