SMAPE Capital is pleased to announce that they recently participated in Bit2me’s ICO (https://bit2me.com/), which will go live this September.
About SMAPE Capital
The SMAPE team has very strong ties to European regulators and relevant NGOs in the space and 30+ years of experience in the digital asset ecosystem.
Christian Niedermueller set up and managed the Fintech Advisory Board of the Austrian Finance Ministry and is as well a current board member of the DAAA (Digital Asset Association Austria);
Astrid Woollard has been as well Head of Research at Scytale Ventures before SMAPE; Daniel Resas being one of the most well known digital asset lawyers in Europe is as well a senior fellow of Wharton University and established there the DeFi working group, plus co-authored the ‘DeFi beyond the Hype’ for/with Wharton University and the ‘DeFi policy maker toolkit’ together/for Wharton and the WEF (World Economic Forum).
SMAPE is a team of experienced investors and industry thought leaders investing in digitally native ecosystems built by value-driven founders solving fundamental problems shaping the future of business. What started as an investment collective of like-minded professionals will transform into a venture capital fund/ecosystem in the coming months. If you want to know more about them, you can write to – welcome@smape.capital
About Bit2Me as a platform and the team:
Bit2Me was founded in 2014 by Andrei Manuel and Leif Ferreira, who before Bit2Me had already established themselves as leaders in the European crypto scene by introducing Bitcoin ATMs and building on-ramping services such as Bitphone. Andrei and Leif have grown the Bit2Me platform from providing brokerage services to one that now hosts great financial tools and services that increase crypto accessibility to European users, not least by combining these with their own blockchain academy.
Bit2Me is now an industry-leading company in the cryptocurrency sector in Spain. Its suite of services includes more than 20 solutions to buy, sell and manage virtual currencies and euros from a single place, safely and easily. The company has private customers, professionals, and companies in more than 100 countries and has managed operations worth more than €1 billion since being founded in 2015.
Bit2Me is a very versatile runner-up in Europe with very strong ties to the local regulator and a fast-growing consumer base across its suite of financial products and services. We believe it will grow into its place among the big players in digital asset brokerage.
Especially since launching the brokerage service in a more sophisticated way in October 2020, the user base skyrocketed. We at SMAPE believe this significant growth of users was only the beginning, and that their team setup will allow them to outperform other runner-up exchanges over the next few years.
Through the strategic investment, SMAPE intends to establish a permanent strategic partnership. The SMAPE team has accompanied known exchanges/brokers over the last couple of years and therefore has been close to these exchange token starts. Through this experience we can strategically deliver input for the Bit2Me team and the successful development of the token.
About the token & token sale:
The private sale of the Bit2Me token B2M was oversubscribed and raised EUR 2.5m from significant ecosystem participants, e.g. the Icon Foundation (ICX protocol/ecosystem).
The 1st public sale of the token will take place from September 6th to September 13th, the 2nd from September 13th to September 21st, and finally the 3rd from September 21st to September 30th. During those cycles the token will have different increasing prices and decreasing lock-up periods. Further information about the usual and special B2M token exchange token attributes/features can be found here: https://bit2me.com/token. The token has been audited by Deka Labs.
The B2M token will be very soon after launch listed on Bittrex, Uniswap and Sushiswap; we are confident other major exchanges will follow soon.
Further interesting facts about Bit2Me:
One of the first initiatives of the company after its birth was the creation of Bit2Me Academy, which trains more than 1.7 million students every year. Currently Bit2Me Academy is the largest cryptocurrency training portal in Spanish (with a really good LATAM coverage), with more than 400 free articles, certified courses, and videos for those interested in learning about the birth, operation, and evolution of cryptocurrencies and the world of blockchain.
Reasoning for the investment – how does it fit our investment narrative:
Within the SMAPE investment narrative Bit2Me fits into our ‘Infrastructure & Services’ category, and more concretely in the sub section ‘Consumer-facing applications’.
Dr. Astrid Woollard (General Partner, Head of Research & Investments): ‘We strongly believe it is of high importance for the whole ecosystem, that digital assets are made accessible beyond the usual, tech-savvy ‘crypto pros’. Good, easy-to-use and especially innovative consumer facing applications like Bit2Me, will bring digital assets to the masses and will also help to bring in more talent to foster further innovation in this space’.
Christian Niedermueller (General Partner and Managing Director) adds: ‘We see especially huge potential for Bit2Me with their exceptional digital asset academy, the Southern European and LATAM market focus and also their close ties to the regulatory bodies – in Europe and the rest of the world, especially those exchanges that embrace regulation, will thrive in this still vastly untapped market. The utility and usage of exchange tokens are anyway undisputable.’
Sectors that we preferably invest in can be seen below:
Further reading on our investment sweet-spot can be found or read up here.
SMAPE is a team of seasoned investors and industry thought-leaders investing in internet-native ecosystems that are built by value-driven founders, obsessively solving fundamental problems by shaping the future of doing business. What started as an investment collective of like-minded professional investors, will transform into a token VC fund/ecosystem in the coming months. If you want to learn more about us, reach out to us – welcome@smape.capital
The SMAPE team has very strong ties to European regulators and relevant NGOs in the space and 30+ years of experience in the digital asset ecosystem; Christian Niedermueller set up and managed the Fintech Advisory Board of the Austrian Finance Ministry and is as well a current board member of the DAAA (Digital Asset Association Austria); Astrid Woollard has been as well Head of Research at Scytale Ventures before SMAPE; Daniel Resas being one of the most well known digital asset lawyers in Europe is as well a senior fellow of Wharton University and established there the DeFi working group, plus co-authored the ‘DeFi beyond the Hype’ for/with Wharton University and the ‘DeFi policy maker toolkit’ together/for Wharton and the WEF (World Economic Forum).
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