Fritz Nols AG

Fritz Nols AG acquires more than 5% of Megafanstore Marketing Ltd. - New ICO with Blockchain component in preparation - Seite 2

The essential point of this planned Coin ICO with Megafanstore, however, is that the widest possible acceptance of the new coin as a means of payment should be achieved. Coins are used when buying fan merchandise, when using virtual online games and as currency via prepaid cards at major events such as football matches.
Numerous major events in Germany already pay with cash is no longer possible, instead, only the payment with prepaid cards is offered. However, this has the disadvantage that the credit on the respective prepaid cards is not transferable and for the refund of remaining credit often long waiting times at special machines are necessary.
Due to the rapid technical development in the field of fintech, there are now prepaid cards on the market, which can be charged with cryptocurrencies or US dollars, euros or GBP. In addition, the individual currencies can be exchanged at low cost or also be rebooked to other accounts.
The Megafanstore will establish a subsidiary in the next few days, which will carry out the coin issue.
Further information about the Megafanstore can be found at: www.megafanstore.com/ir
The business model of the new business field of Fritz Nols AG is to receive compensation for the advice on the launch and the ICO of cryptocurrencies and to generate ongoing remuneration for the administration of the deposited assets of the respective cryptocurrency. It is also intended to invest in individual ICOs themselves. It can be observed that more and more market participants are turning to asset-backed cryptocurrencies and gaining more and more acceptance and thus achieving fungibility. The regular fees are usually between 0.5% and 2% of the AUM's plus profit sharing in the amount of 10 to 25% (high watermark).

Founded in 1975, Fritz Nols AG was a traditional German floor brokerage company now specializing in capital market advice by listing SMEs, M&A and issuance of corporate bonds from small and medium-sized enterprises (SMEs). A 100% subsidiary asset manager manages investment funds in Singapore and Cayman Islands, specialized in the investment strategy Distressed & Special Situations (companies in difficult phases mainly in the financial services sector) and the HFT related investment strategy Systematic Quantitative CTA (news-related quantitative systems).