[ad_1]
SEOUL, South Korea – (BUSINESS WIRE) – The BOSAGORA Foundation (President: Kim In-hwan) announced on November 19, 2020 that it has entered into a strategic partnership agreement with FMway (https://fmway.io), owner of the advanced equity investment algorithm based on big data, to launch the first blockchain-based digital equity fund in the global market.
Being the first ICO project in Korea, BOSAGORA is a blockchain platform that helps ecosystem development by providing financial support based on decisions made by congressmen composed of node operators. In order to adopt BOA coins in real life, BOSAGORA is expanding partnerships with a variety of companies that have excellent business models. The company attracted attention by recently applying BOA coins to the online education segment through a partnership with “Gongmanse” which has over 45,000 unique educational video content.
As an innovative company that owns a proprietary big data-based equity investment algorithm, FMway pursues stabilized income through the means of sticking to the basics it invests in the top 50 items with high growth potential by analyzing the latest quarterly financials. Therefore, the algorithm can be applied to any securities market in the world and a back test simulation (BTS) on major securities markets around the world over the past 20 years has shown a phenomenal performance of 39.7% of the average rate of return. annual. And the track record on the securities markets in Korea, where investments have been made since 2014, offers performance similar to that of BTS.
Leveraging the partnership, BOSAGORA will launch blockchain-based digital equity fund products that will allow anyone to easily invest in global securities markets using cryptocurrencies. This means tokenization of equity funds such as tokenization of assets.
The structure of this blockchain-based digital fund is similar to that of the Exchange Traded Fund (ETF), but it is much more efficient and low-cost than the ETF. Moreover, it has the advantage of being able to trade anytime and anywhere and provides transparent transaction details.
Additionally, BOSAGORA will plan to reflect revenue and earnings in BOA coin value using BOA coins in FMway’s global digital equity funds.
“The blockchain-based digital equity fund is significant as it is the first innovative digital equity investment product, a combination of traditional financial technology and advanced blockchain technology, available in the global market,” said Kim In-hwan, President of the BOSAGORA Foundation . “We aim to generate authentic financial services that provide stable revenue to clients and expand the BOSAGORA ecosystem by combining our blockchain spirit of trust and transparency with FMway’s algorithmic investment methodology that sticks to the foundations.”
BOSAGORA’s blockchain-based digital equity fund will be unveiled to investors during the first quarter of next year.
