Name: Phoenix (PHX)
Asset ID: 15610018253699198756
Supply: 10,000,000
Advisor: whale, Nxtinspect
Phoenix (PHX) is an initiative to help fund crypto startups, altcoins and other related projects. It does not pay dividends, rather it uses Net Asset Value (NAV) as a price indicator.
By supporting the crypto ecosystem, carefully selected projects are able to reach their full potential by applying for funding requests. In return, Phoenix negotiates a percentage of the projects assets.
Furthermore, other value-increasing initiatives will be undertaken; such as altcoin, mining and precious metal investments.
Phoenix aims to be one of the most well-rounded and respected assets on the NXT AE through aggressive investment decisions.
Fundraiser:
On February 27 2015 at 20.00 UTC our offering will commence.
Asset distribution:
9,000,000 shares @ 0.1 NXT will be put up for sale (6,000,000 on the NXT AE and 3,000,000 on an exchange which will be announced in a few days)
1,000,000 shares will be distributed among management
All Phoenix projects, status, holdings and grants will be listed under a dedicated board: https://nxtforum.org/phoenix/
100 point scale: Is this asset a worthwhile investment?
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Last updated: 2015-02-28
a) Does this asset have a business plan and/or prospectus? (/10)
Executive summary yes. Business plan no, prospectus no. (+2)
b) Do shares represent ownership and control? Do they pay a dividend?
Shares do not represent ownership or control, nor do they pay a dividend. (+2)
c) Does this asset provide regular financial updates to investors? (/10)
The asset issuer has stated he will provide a list of 'all projects, status, holdings and grants' on the sub-forum
https://nxtforum.org/phoenix/ in the future, but has not done so prior to selling shares. (+5)
d) Is there a contract or any other form legal guarantee which protects investors?
No. (+1)
e) Is the asset issuer qualified to do what he states he wants to do? (/10)
The asset issuer has declined to discuss his qualifications (+1)
f) Is there any sort of proof that the asset is conducting business as stated? (/10)
No. (+1)
g) Does this asset provide contact information to investors? (/10)
The asset issuer has given his ID to NXTinspect but is otherwise anonymous. (+6)
h) Does the asset issuer communicate professionally and with customers and investors? (/10)
The asset issuer has a history of ignoring investor questions and insulting his investors. (+1)
i) Does this asset issuer co-operate with community ratings services? (/10)
the asset issuer is being advised by NXTinspect, but has shown antagonism towards KNS. (+5)
j) Has the asset been in profitable operation for at least one year? (/10)
Just out of IPO (+5) no other information available.
1-30: Not worth a second look; the asset is either a scam or a failure.
31-60: The asset is unlikely to succeed due to serious flaws in setup or management. Not investment grade.
61-79: The asset has problems but warrants a closer look.
80+: Pass; a more detailed analysis is suggested to clear the asset for investment.
Phoenix (15610018253699198756) scores:
2015-02-28: +29 (Comments: Primary negatives are poor investor relations, no business plan, and a lack of experience running similar assets. Likely to fail within 6 months.)