We Welcome Cash, plus
BitCoin & Cryptocurrencies
The AngelPreneur FoundersClub (FoundersClub ), is an exclusive Membership program designed by our Founder
The Shark for individual entrepreneurs worldwide who want to help address the ocean plastic waste issues and build-out our consolidated socially focused and impact-driven business Vision.
Because The Shark was an early adapter of the BitCoin cryptocurrency, he elected to accept not just cash in USD, but a portfolio of cryptocurrencies, including donations to our CBO Foundation. This includes
BitCoin, BitCoin Cash, LiteCoin, Ethereum, and USD Coin, through CoinBase, the leading cryptocurrency exchange. Click on the Bitcoin button above to go to our product page for more details, make a donation, join our FoundersClub or subscribe to our PodCast series.
The Shark remembers a time that you could buy 10,000 Bitcoins for USD $600, and owned over 20,000 at one point. It helped fund his projects over the years. in 2011, when BitCoin grew to one USD dollar ($1.00)) per coin, with just 5 million in circulation, we knew that one day cryptocurrency could replace the dollar. Yet we never thought it would shoot to near USD $20,000 per coin as it did for a brief time in 2017.
The Blockchain technologies have come a long way since, with greatly improved exchanges and security features. Today, 10 years after The Shark first discovered BitCoin, they are valued at around $9,500 to $10,000 each, and The Shark wishes he still had his former stash of coins.
Despite being burned by several now defunct crypto-exchanges during the initial years and a wild valuation ride to say the least for BitCoin the past 10 years, The Shark still believes in cryptocurrency. Many of The Shark's international friends, associates and members of the BitCoin entrepreneurs network have already expressed an interest in using BitCoin to help us address the ocean issues and build our projects.
Through our FoundersClub membership program, a BitCoin owner can fix the USD $3,750 one-time fee plus $200 first year dues to join, and reduce the volatility of future Bitcoin value swings. Many have made a small fortune over the years, and by electing to join our fee Rebate Credit Program (RCP), the member will receive their full one-time fee value paid back in USD cash over 10 quarters, while retaining all the values and benefits the membership offers.
Why offer the rebate program? simply put, it is a taxes strategy. We book the membership as a payment liability, much like a note, over a sale, thus no income is produced and no tax is due on any profits generated since we have an agreement to refund the value paid with each individual member who opts into the RCP.
This allows us to use more of the funds for our purposes initially, over paying a substantial amount of the value in potential taxes, by expensing the rebate out as repayments of principal or a loan, not interest. Dues and transaction fees will remain income, and any profits therefrom are taxable. The FoundersClub will be a Wyoming LLC once launched.
BitCoin Cash is a fractional, yet separate version of BitCoin currently valued around USD $250 per coin as of 8/1/20. The other cryptocurrencies are younger and even less costly to own, so we have included them as well as payment options. Membership fees are converted based on the value of the cryptocurrency used at the time the member joins. The full membership must be paid in one crypto coin, no splits allowed.
Cryptocurrencies are volatile and subject to swing substantially up or down in value. Once paid, we assume that risk. We have established our CoinBase wallets to accept payment in a centralized system. To learn more about the world of BitCoin, and cryptocurrencies we suggest you subscribe to BitCoin Magazine.
Note, all cryptocurrency or cash payments provided, whether for a CBO Foundation donation, membership fees or subscription are not tax-deductible in the U.S., nor do they represent ANY form of investment in or equity-based purchase of, any of our proposed projects, programs or related companies or productions.