Publicly traded Nevada-based company, ICOA Inc (OTCMKTS:ICOA), acquiring blockchain-driven ventures, on May 19, 2022, announced that the ICOA Fund is now live and available for subscription.
Trading Data
On Monday, ICOA stock moved up 25% to $0.0010 with 49.54 million shares, compared to a volume of 54.70 million shares. The stock moved within a range of $0.0006 – 0.0011 after opening trade at $1.0007.
Key Updates
As a bitcoin sub-fund of a VCC structure regulated under the Monetary Authority of Singapore, the ICOA Fund’s principal strategy is to look for opportunities, exploit arbitrage in key derivatives markets and incorporate AI methodologies for scaling up promising options. It gives unparalleled safety features such as insurance coverage as well as underwriting for public offering security insurance.
Its crypto assets are protected through a hybrid infrastructure named CGCX.io, the world’s first fully insured crypto exchange. This harnesses a number of security-focused tools as well as services provided by Copper. co. The partnership will make it possible to safely acquire, trade, and store cryptocurrencies.
All investors will be accredited and will undergo KYC/AML verification. The fund’s philosophy is maximum of 70% towards BTC yield generating strategies and 30% into Market Making and liquidity pools of carefully selected projects. The core trading strategies are Negative Gamma, Covered Call, and Volatility Trading.
ICOA CEO Hadria Wong said that the ICOA team is excited about releasing the fund to the crypto community. Wong added that through combined network and visions, the company is looking forward to pouring fortitude back into this exciting project.
Technical Data
ICOA stock is below the 20-Day and 50-Day Moving averages of $0.0030 and $0.0054 respectively. However, the stock is trading below the 200-Day moving average of $0.0085.
