How does the Future Project works?

How does it work?

• You have the choice: deposit in EURO or USDC.
• Once the deposit is made, the EURO or USDC are exchanged for different tokens, the nature of which is determined by the type of investment compartment in the Future solution's Allocation. In other words, in exchange for these EURO or USDC, you will receive different tokens linked to the investment compartments recommended by the Future solution’s Allocation. This conversion is carried out through an OTC (Over the counter) mechanism.
• The Future solution’s Allocation is specified on the deposit confirmation page and can be consulted at any time in the “How it works” section of the app.
• The Future solution’s Allocation indicates the current distribution of the deposit between:

- A reserve in EURO

- Various investment compartments linked to Digital Assets

- Mining or Cloud Mining Program (**) as defined in section 4.2.8 of our T&Cs.

You can only create one Future solution.

How often will I receive my interest?

Your returns are credited daily. Please note that only the investment compartments actually held in the Future solution can generate interest.

After your deposit, your returns will be paid the next day. This allows us to collect the funds and make them available on the Mimo DeFi platform. If you make your deposit after the daily interest payments have been triggered, in this case, the first payment will be made two days later, as your funds wouldn’t have been collected in time to be made available.

Unlocking my deposits:

Please note that deposits in the Future solution are locked for 12 months.
All deposits made over the course of one month will be released on the first day of the following month, 1 year later.

For example, if you make several deposits in December 2023, the funds deposited successively will all be released at the same time on January 1, 2025.

Is the Future solution liquid?

Generally speaking, your deposit/withdrawal is instantaneous.
It’s possible that there may be a delay between the deposit/withdrawal made in EURO or USDC and the receipt of the tokens representing the actual subscription to investment compartments.

You will be informed in the app about the status of your deposit, i.e., if any part of the investment compartments could not be subscribed to.

*Please note that these returns are not fixed and may change depending on market conditions.

**VANCELIAN Cloud Mining Program

Vancelian, through its subsidiaries, has established partnerships with third-party entities (notably Hearst, Bitmain) to offer bitcoin mining services (the “Cloud Mining Program”) to its users.

Bitcoin mining is a process that creates new bitcoins by using computers to solve mathematical problems through a process known as proof of work. This process requires significant computing power and electricity consumption.

The Mining Program allows users of the Future solution to rent computing power (hashrate) from mining machines owned by Vancelian’s subsidiaries and operated by Vancelian’s Partners (“Cloud Mining”), in exchange for daily rewards earned in bitcoins and converted by the relevant Service Provider into EURC (the “Mining Rewards”).