What is Every?
Every Capital (or Every for short) is Australia’s leading retail cryptocurrency investment fund. We allow every Australian to safely and simply invest into cryptocurrency and Initial Coin Offerings (ICOs).
When is Every launching?
We’re rolling out to select customers in Q3 2018. You can reserve your place on our waitlist now at www.every.capital, and move up the waitlist by sharing Every with your friends and networks.
Is Every only open to Australians?
Yes, only Australian residents can invest in the fund. You have to be older than 18 as well.
Australian Self Managed Super Funds, trusts and companies can also invest with Every.
How does the Every fund work?
When we refer to the “fund” we are referring to what is legally known as a Managed Investment Scheme (MIS).
MIS have existed in Australia for a long time. They allow money to be pooled together from a number of investors (often small amounts from many hundreds or thousands of investors) and people receive an interest in the scheme.
In the case of Every Capital the MIS (or fund) invests into cryptocurrencies and ICOs on your behalf. MIS’ are also used for a wide variety of investments such as cash trusts, share trusts and property trusts.
A 'responsible entity' operates the scheme and thus investors do not have day to day control over the operation of the scheme, this is left in the hands of professionals. MIS’ are regulated by the Corporations Act 2001 (Cth) and overseen by the Australia Securities and Investment Commission (ASIC).
What are cryptocurrencies?
Cryptocurrencies are a new form of money… and asset… and more. They are a digital item which can be used as currency (e.g. Bitcoin and Ethereum), that can run unbreakable digital contracts (e.g. Ethereum), and can incentivise users of digital networks to maintain those networks. Each type of cryptocurrency is unique.
Where is Every located?
Every is based in Australia, with our team working across the country. You can reach us anytime at firstname.lastname@example.org.
Who are Every's partners?
Every has partnered with leading crypto fund manager Astronaut Capital and specialist alternative asset manager Global Merces for its fund.
Are cryptocurrencies trustworthy?
Cryptocurrency is based on blockchain technology. This uses cryptography (read: very complicated mathematics) to create a secure ‘distributed ledger’ of transactions with exact copies of the ledger stored across a whole lot of computers and devices. Blockchains are very hard to hack or attack, and unlike other digital items, cryptocurrency can’t be copied or counterfeited.
It’s important to note that there are thousands of different cryptocurrencies, not all are worthwhile and some are not trustworthy. That’s why we believe Every should be organised as a MIS, investing in a diversified portfolio of crypto-assets.
What are Initial Coin Offerings (ICOs)?
ICOs are a fundraising mechanism for businesses and organisations using cryptocurrency. Unlike an Initial Public Offering (IPO), investors don’t purchase shares in the company, instead they purchase ‘crypto tokens’, a type of cryptocurrency.
These tokens are often categorised as ‘security tokens’ or ‘utility tokens’. Security tokens function like a traditional investment - there is an expectation of making a profit from holding them. Utility tokens are used to power networks or gain access to a company’s services or products.
In reality, crypto tokens and currencies represent a new form of asset. Many have multiple applications and blur the lines between utility, security and other types of assets due to their programmable nature.
Where can I find your Product Disclosure Statement (PDS)?
Our PDS will be available once we launch Every. You’ll be able to find a link here, as well on the Every Capital homepage.