The aim of my presentation was to help the audience understand if they want to care about the bulls and bears of the crypto market. Three main topics were covered: 1. Structure of cryptoassets; 2. Tools available for investing; 3. Indicators to look at when investing short term.

2. All information contained on any slide of this
presentation should not be considered as
financial, investment, legal, tax or any other
advice.

3. Exorior Capital is different from the typical
crypto fund – we do not look for
fundamentally “strong” coins to hold.
Crypto space is attractive in terms of market
inefficiencies.
Our strategies ensure episodic participation
and our exposure is hedged.

4. Source: “Cryptoassets” by Chris Burniske and Jack Tatar
CRYPTO-TOKEN
CRYPTO-PLATFORM
CRYPTO-
CURRENCY Unit fulfilling three fundamental purposes
to exist: store of value, medium of
exchange and unit of account.
Raw online material to build
finished digital goods
Finished digital good and
services of the future

5. CRYPTO-TOKEN
CRYPTO-PLATFORM
CRYPTO-
CURRENCY
% of total crypto
network value,
2017-12-31
Nominal change
of network value
over 2017, USD
6%
94%
+$37B
+$531B

6. CRYPTO-TOKEN
CRYPTO-PLATFORM
CRYPTO-
CURRENCY
Associated risks
Regulatory
uncertainty
Liquidity
Incentive to
invest
Adoption
Scalability Competition Adoption
AdoptionScalability

7. CRYPTO-TOKEN
CRYPTO-PLATFORM
CRYPTO-
CURRENCY
Main reward drivers
Team
activity
Decentralized application activity
Real usage
Community
engagement

8. Liquidity (24h exchange volume)
Community engagement, partnerships
Market trend
Regulatory issues
1
2
3
4

9. Source: CoinMarketCap
✔
✔
✔
✔
✔
✘
Screenshot from CoinMarketCap

10. Liquidity (24h exchange volumes)
Community engagement, partnerships
Market trend
Regulatory issues
1
2
3
4

11. Source: CoinMarketCap
BNB/USD exchange rate

12. Liquidity (24h exchange volumes)
Community engagement, partnerships
Market trend
Regulatory issues
1
2
3
4

13. Source: TradingView, CoinMarketCap
BTC/USD exchange rate
Top cryptoasset performance

14. Liquidity (24h exchange volumes)
Community engagement, partnerships
Market trend
Regulatory issues
1
2
3
4

15. Source: CoinMarketCap
Crypto market cap

16. Exchanges
ICODerivatives

17. Brokerage
OTC
Cold wallet
Hot wallet
Buy Trade Save/use
Online exchange

18. Total daily visits, May 2018
CENTRALIZED
Binance
Huobi
Bittrex
Bitfinex
Bitstamp
DECENTRALIZED
IDEX
ForkDelta
Bisq
Radar Relay
WavesDEX
50 521
1 616 667
Source: Semrush

19. Mt. Gox
2 500 BTC stolen in 2011 and another
850 000 BTC ($450M) in 2014
Bitstamp
19 000 BTC ($5M) stolen in 2015
Bitfinex
120 000 BTC ($65M) stolen in 2016
Coincheck
532 000 000 NEM ($420M) stolen in
2018

20. Source: CoinMarketCap, Fortune
The status of ICOs finished in 2017
41%
13%
31%
16%
2017
902
Semi-failedFailed before raising funding
Failed after raising funding Ongoing
+213%
16
2018-06-14
50
2017-06-14
Average value of a crypto-token, M USD

21. PROVIDERSVOLUME
Margin
trading Index
Futures
CFDs
Options

22. IN CRYPTO INCOMING
Growing amount of crypto funds
“1 in 5 Financial Institutions Exploring
Crypto Trading, Survey Finds”
(NASDAQ, GoldmanSachs, Venrock)
Source: AutonomousNext, Coindesk
291
250
553627129
20172016 20182013 2014 2015Prior
20%
80%