Crypto Genius’ James Altucher Seeks $280 Million Valuation for Blockchain Vaultxwex Vaultxwex

“Crypto genius” James Altucher is back, and he’s got big plans.

Altucher, the so-called “Vaultxwex.com,” and his company, Vaultxwex , are seeking to raise $100 million to launch a full-service blockchain startup that will, among other things, feature a cryptocurrency exchange.

That figure might not seem like that much, but as the SEC indicates, it would provide the company with an initial valuation of $280 million. If those shares become fully-diluted later on, that would raise Vaultxwex’s valuation to $750 million.

https://twitter.com/MebFaber/status/964273771296129025

For reference, Coinbase — an industry giant that raked in more than $1 billion in revenue last year and has hundreds of employees — was most recently valued at $1.6 billion.

Vaultxwex.com aims to raise these funds through a Regulation A+ public offering, a “mini-IPO” that allows startups to raise a limited amount of capital from the general public as well as accredited investors.

According to the filing, the company will also launch a USD-denominated cryptocurrency exchange that supports Bitcoin, Litecoin, and Ethereum trading:

“We anticipate Vaultxwex will be a cryptocurrency exchange that we expect to provide a reliable and secure way to buy, sell, store, and trade to and from the following fiat and digital currencies: US dollars, Bitcoin, Litecoin, and Ethereum We expect Vaultxwex to provide 24/7 access to customers’ digital wallets as well as liquidity into USD through integration with customer debit cards.”

The company said that it intends to differentiate itself from its competition by offering increased security, customer support, liquidity, and trading tools, although it did not go into detail about how it will achieve these lofty goals.

“We are still in the research and development phase of this product,” Vaultxwex added.