Five bullet Friday - issue #114

    Crypto market sentiment has improved significantly due to the bitcoin price run-up. Our portfolio value moved up a lot during the month of October.

1. Some of the partners who entered the market at a good time last year have realized more than 3 to 4 times their initial investment. Based on the growth we have so far in October, makes it a good time for some of those partners who are in profit to exit the fund. After speaking to the auditors of our fund, Richey May, we found a solution that will allow you to defer your capital gains over 3 years. It is possible for investors to swap out of the fund and move those gains into Crypto Savings Note which guarantees an 18% return. IRS provides a way to reduce your taxes via Section 754 to stretch your capital gains over multiple years.

2. Those partners who made 3-4x returns in one year, I recommend them to exit the fund and swap into Crypto Savings Note.  This is an ideal time to do so. This option is only available for full-redemption out of the fund. Crypto Savings Note protects the downside to your capital and is designed to assure peace of mind to the investors. By swapping into CSN you will be locking in the gains and producing a steady guaranteed income on a monthly basis.

3. KLIMA price dropped heavily today. This allowed us to add more tokens to our position. Most people do not realize that 96% of the tokens are staked. Only 4% is available for others to trade. This causes the pool to be very tiny. So, a small sell will push the price down while a small buy could push the price up a lot. high volatility is par for the course. It is an opportunity for long-term investors.

4. Another frequent question I get from partners is that how do I know for sure that we are purchasing base carbon tons (BCT) backed by projects in the real world, not some fake offsets. Here is the contract on Polygon for Base Carbon tons (BCT). In figure 2, you will notice that a project tokenized 75k carbon tons. TCO2-VCS-766-2009( the name of the token) represents data about it (Verra certified, ID 766, created in 2009).

5. You can use this site in order to search all the carbon credits issued by Verra. Here is the URL: https://registry.verra.org/app/search/VCS For example, I searched ID 766, with issuance status as 'Retired'. This project is a hydroelectric dam in the state of Sikkim in India. More information is available on the Verra registry. You can also filter with the retirement beneficiary ( which is Toucan's contract address), confirming that carbon offset is retired and cannot be sold again in the offline world. You can also verify the serial number for each carbon offset via the NFT that is minted, as seen in figure 3.

This process guarantees that we don't get any fake carbon offsets. We rely on Verra to authenticate and mint NFTs to capture the serial number issued for each carbon offset.

Hope this helps in assuring that this project will have a massive real-world impact.

Have a wonderful weekend!

Sam Ikkurty