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The Blockforce Multi-Strategy Fund is managed by Blockforce Capital Management, LLC, a subsidiary of Reality Shares, Inc. dba Blockforce Capital.
2022 Year in Review
Agenda
2022 Market Review
2022 Fund Review
2023 Trends We Are Watching
2
Agenda
#1 Multi-Strategy
Hedge Fund
Ranked by 2021 Net Returns
Awarded July 2022
2021 Best
Digital Asset Fund
AUM less than $25M
Awarded February 2022
2021 Top 10
Crypto Hedge Fund
Ranked by Net Return
Awarded February 2022
2020 Top 10
Crypto Hedge Fund
Ranked by Net Return
Awarded February 2021
Blockforce Capital did not provide any compensation in exchange for any of the awards listed.
Market Review
2022 Year in Review
Prices fell,
adoption rose
Prices tumbled 60-80% due to forced selling caused
by fraudulent off-chain activities that had nothing to
do with the underlying fundamentals of many crypto
networks. Despite the price crash, the usage and
adoption of crypto grew tremendously in 2022.
4
Market Review
Citizens
The adoption and use of the bitcoin and stablecoins has been
growing exponentially over the last couple of years as citizens in
Latin America, the Middle East and North Africa use crypto in their
everyday lives.
Corporations
2022 saw many brands, from Google to Nike make their foray into
the crypto industry.
States & Governments
Except for New York, nearly every state in the US is beginning to
embrace crypto. Numerous countries throughout the world passed
crypto friendly regulation and/or made crypto legal in 2022.
Wall Street
Nearly every major bank now offers crypto services and numerous
major investment funds added crypto to their portfolios.
Speculators sold,
HODLers
accumulated
5
Market Review
Despite the turmoil of 2022, the percent of bitcoin
that hasn’t moved in over a year grew throughout
2022 and is now at an all time high of 66.4%
indicating a transfer from speculators to long term
holders.
SUPLY LAST MOVED:
OVER 1 YEAR vs LESS THAN 1 YEAR
Bitcoin last moved 1+ year ago
Bitcoin last moved less than 1 year ago
Source: Glassnode
6
This cycle has
resembled
previous cycles
Crypto’s first two cycles were very similar
and thus far, the current cycle is following the
same pattern.
$10.00
$100.00
$1,000.00
$10,000.00
$100,000.00
BITCOIN PRICE OVER VARIOUS MARKET CYCLES
After First Halving (11/28/12 - 7/8/16)
After Second Halving (7/9/16 - 5/10/20)
After Third Halving (5/11/20 - 1/1/23)
Peak
Bottom
Peak
Bottom
Peak
Source: Glassnode
Market Review
7
Many metrics
reminiscent of
past cycle
bottoms
Prior to 2022, bitcoin’s MVRV has fallen
below 0 only three times in the past decade,
each proved to be the very bottom of that
cycle. The fourth time bitcoin’s MVRV fell
below 0 was this past November.
BTC Price MVRV
MARKET VALUE TO REALIZED VALUE (MVRV)
Source: Glassnode
Market Review
Fund Performance
2022 Year in Review
2022 Fund Review
During the bear market of 2022, Blockforce
Multi-Strategy Fund avoided most collapses
and outperformed BTC and significantly
reduced the volatility.
9
Performance data represents actual net performance for the time period from Jan 1, 2022
to Dec 31, 2022. Past performance does not guarantee future results.
-50.6%
-64.2%
-80.0%
-60.0%
-40.0%
-20.0%
0.0%
34.3%
63.2%
0.0%
20.0%
40.0%
60.0%
80.0%
24.1%
42.1%
0.0x
0.1x
0.2x
0.3x
0.4x
0.5x
2022 NET PERFORMANCE
2022 NET VOLATILITY
Multi-Strat Fund
Bitcoin
2022 DOWNSIDE VOLATILITY
Portfolio held up
well though 2022
Ability to navigate
all market
conditions has led
to outperformance
10
Performance data represents actual net performance for the time period from Jan 1,
2021 to Dec 31, 2022. Past performance does not guarantee future results.
Over the last two years, the crypto market
has experienced both extreme bull and bear
markets. In each of the last two years,
Blockforce has outperformed a passive buy
and hold strategy.
54.8%
-42.9%
-60%
-40%
-20%
0%
20%
40%
60%
80%
Multi-Strat Fund, Net Bitcoin
CUMULATIVE NET RETURNS
OVER THE PAST TWO YEARS
2022 Fund Review
Continue to
minimize volatility
11
Blockforce has managed to minimize the
downside volatility compared to bitcoin in
every year of its existence.
16.7%
34.8%
70.9%
34.3%
73.9%
72.0%
80.5%
63.2%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
2019 2020 2021 2022
ANNUAL VOLATILITY
Multi-Strat Fund, Net Bitcoin
Performance data represents actual net performance for the time period from
Mar 1, 2019 to Dec 31, 2022. Past performance does not guarantee future results.
2022 Fund Review
Trends We Are Watching
2023 Look Ahead
Bitcoin
The value proposition of a permissionless,
transparent monetary system that can’t be
controlled or confiscated by a central authority has
only strengthened as sovereign currencies around
the world have shown signs of stress. Furthermore,
the adoption and use of the Lightning Network (and
thus the usage of bitcoin) has been growing
exponentially over the last couple of years.
13
2023 Trends
0
1000
2000
3000
4000
5000
2018 2019 2020 2021 2022 2023
TOTAL BTC IN THE LIGHTING NETWORK
AT THE START OF EACH YEAR
Source: Glassnode
Ethereum, Staking
and Layer 2’s
The Merge marked a fundamental shift in the economic
model of Ethereum, reduced new token issuance by
90% and eliminated nearly $500 million of monthly sell
pressure. As a result, we expect ETH to become net
deflationary in 2023 and staking to increase
substantially after the Shaghai Fork (currently only
13.2% of all ETH supply is staked).
Layer 2 networks quietly had a breakout year in 2022.
We expect transaction count on Layer 2s will easily
exceed transaction volume on Ethereum in 2023.
14
2023 Trends
TRANSACTIONS PER DAY
Ethereum (1,000,777)
Optimism (671,002)
Arbitrum (537,689)
Source: Dune Analytics
DeFi
For every collapse of a centralized company in 2022
there was a perfect substitute in DeFi that not only
survived the turmoil of this past year but worked as
intended without interruption.
Despite the advantages of decentralized financial
infrastructure, DeFi’s market share of global financial
services is a measly 0.6% today giving it a lot of
room for growth in the coming years.
15
2023 Trends
CURRENT DEFI MARKET CAP
CURRENT FINANCIAL
INDUSTRIES MARKET CAP
Source: Research and Markets
$15
Billion
$25
Trillion
Decentralized
Infrastructure
Decentralized infrastructure is a small, but emerging
category of the crypto landscape both in terms of
size and importance. These projects utilize
blockchains to coordinate and align millions of
individuals in the deployment and operation of
trustless, permissionless, and programmatic
infrastructure. This bottom-up approach is both
more equitable and efficient compared to the
traditional top-down deployment model of
centralized entities.
16
2023 Trends
Capacity and utilization for decentralized cloud
storage network Filecoin has steadily and consistently
grown over the past 18 months.
Helium, a decentralized wireless network, has nearly a
million individually owned hotspots in over 180
countries worldwide.
Chainlink continues to see consistent active user
growth as it provides real world data to various
blockchains and DeFi protocols throughout the
ecosystem.
The Graph, which builds and publishes open APIs that
make on-chain data easily accessible, has seen an
explosion of growth over the past six months.
Tokenization of
everything
Tokenized assets represent digital shares that allow
for increased access and liquidity, near-
instantaneous transaction settlement, and
regulatory compliant ownership of any real world or
virtual asset. Tokenizing real-world assets can
create liquid markets for previously illiquid assets
and in doing so, unlock new markets that were never
before possible.
17
2023 Trends
KKR, one of the world’s largest investment firms,
tokenized its healthcare fund and in doing so,
increased access to the fund by simplifying the
onboarding and compliance processes, lowering
investment minimums, and increasing liquidity
Goldman Sachs launched its own Digital Asset
Platform in which it can tokenize traditional financial
products in order to increase efficiency and liquidity.
For example, in November, the platform was able to
reduce the typical bond issuance settlement time for
the European Investment Bank (EIB) from five days to
sub-60 seconds.
A group of 12 banks (including Bank of America, Citi,
BNY Mellon and Wells Fargo), conducted a pilot
program to tokenize various projects in order to
reduce the time it takes to settle transactions from 2 –
3 days down to same day settlement.
Regulation
A growing number of politicians are embracing the
crypto industry and fortunately, many of them got
elected in November. The new House majority whip,
Tom Emmer, is a staunch crypto advocate and one
of the most knowledgeable individuals in Washington
on the industry.
Biggest topics in 2023 to watch are exchanges,
stablecoins, and DeFi.
18
2023 Trends
Stablecoins
Stablecoin issuers will likely face new oversight requirements
including reserve requirements and licensing in order to be in
compliance with US law.
Exchanges
Expect legislation to be passed sometime in 2023 that
officially gives the CFTC oversight of exchanges and
custodians. This would bring much more clarity to the industry.
DeFi
DeFi will be a wild card to watch in 2023. The fact that SBF
was championing for rules against DeFi and then DeFi
protocols held up so well throughout the turmoil is causing
many politicians to distance themselves from the topic, not
that many understand it in the first place. It will be very
interesting to see if any regulation regarding DeFi passes in
2023 or if its largely left alone.
19
FOR ACCREDITED INVESTORS ONLY. MAY NOT BE REDISTRIBUTED.
This material has been created specifically for accredited investors and cannot be copied or redistributed. By accepting this material, you acknowledge that you are a sophisticated accredited investor and
understand the content of this material.
This material is presented for general information purposes only and does not constitute an offer to buy or sell securities.
This publication has been prepared and issued by Reality Shares, Inc., dba Blockforce Capital (“Blockforce Capital”). Blockforce Capital makes no express or implied warranties, and expressly disclaims all
warranties of merchantability or fitness for a particular purpose or use with respect to any data included in this publication. Without limiting any of the foregoing and to the extent permitted by law, in no event
shall Blockforce Capital, nor any affiliate, nor any of their respective officers, directors, partners, or employees, have any liability for (i) any special, punitive, indirect, or consequential damages; or (ii) any lost
profits, lost revenue, loss of anticipated savings or loss of opportunity or other financial loss, even if notified of the possibility of such damages, arising from any use of this publication or its contents.
This publication does not constitute general or personal investment advice or take into account the individual financial circumstances or investment objectives, or financial conditions of the individuals who
receive it. This does not constitute an offer or solicitation to purchase or sell any securities or Funds, nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation,
purchase, or sale would be unlawful under the securities laws of such jurisdiction.
Performance returns are for illustrative purposes only and do not represent actual Fund or portfolio performance. Performance returns do not reflect all possible transaction costs or expenses. The information
herein is not intended to predict actual results, which may differ substantially from those reflected. Investing involves risks, including possible loss of principal. Performance data quoted here represents past
performance. Past performance is not necessarily indicative of future results.
Other than disclosures relating to Blockforce Capital, the information and material contained in this publication has been obtained from sources that Blockforce Capital believes to be reliable, but Blockforce
Capital does not represent or warrant that it is accurate or complete.
This publication contains performance data based on back-testing, (i.e.) simulations of performance of a strategy as if it had actually existed during the defined period of time. The results of such data
presented here are hypothetical (does not reflect actual trading), for illustrative purposes only, and constitute the judgment of Blockforce Capital. Actual strategy returns from live investment may differ
materially from hypothetical returns. Back-tested performance does not represent actual performance and should not be interpreted as an indication of such performance.
While the information has been prepared in good faith, there are inherent limitations that recipients must consider carefully. Back-test results do not present the impact that material economic and market
factors might have on an investment adviser’s decision-making process if the adviser were actually managing investor funds. Different models, different market conditions or different assumptions may yield
different results. Back-tested performance can also materially differ from actual performance because it is achieved through the retroactive application of trading models (in this case, Blockforce Capital’s
Alpha Predator model) designed with the benefit of hindsight. As a result, the models theoretically may be changed from time to time and the effect on performance results could be either favorable or
unfavorable. Past performance does not guarantee future results.
Blockforce Capital keeps certain activities of its business units separate in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of Blockforce
Capital may have information that is not available to other business units. Blockforce Capital has established policies and procedures to maintain the confidentiality of certain non-public information received in
connection with each analytical process. No representation is being made that any investment product will achieve performance similar to those shown.
Additional important disclosures are included at the end of this presentation. Please read carefully.
Copyright © 2022 Reality Shares, Inc. All rights reserved.
Disclaimers

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2022 Annual Review.pdf

  • 1. The Blockforce Multi-Strategy Fund is managed by Blockforce Capital Management, LLC, a subsidiary of Reality Shares, Inc. dba Blockforce Capital. 2022 Year in Review
  • 2. Agenda 2022 Market Review 2022 Fund Review 2023 Trends We Are Watching 2 Agenda #1 Multi-Strategy Hedge Fund Ranked by 2021 Net Returns Awarded July 2022 2021 Best Digital Asset Fund AUM less than $25M Awarded February 2022 2021 Top 10 Crypto Hedge Fund Ranked by Net Return Awarded February 2022 2020 Top 10 Crypto Hedge Fund Ranked by Net Return Awarded February 2021 Blockforce Capital did not provide any compensation in exchange for any of the awards listed.
  • 4. Prices fell, adoption rose Prices tumbled 60-80% due to forced selling caused by fraudulent off-chain activities that had nothing to do with the underlying fundamentals of many crypto networks. Despite the price crash, the usage and adoption of crypto grew tremendously in 2022. 4 Market Review Citizens The adoption and use of the bitcoin and stablecoins has been growing exponentially over the last couple of years as citizens in Latin America, the Middle East and North Africa use crypto in their everyday lives. Corporations 2022 saw many brands, from Google to Nike make their foray into the crypto industry. States & Governments Except for New York, nearly every state in the US is beginning to embrace crypto. Numerous countries throughout the world passed crypto friendly regulation and/or made crypto legal in 2022. Wall Street Nearly every major bank now offers crypto services and numerous major investment funds added crypto to their portfolios.
  • 5. Speculators sold, HODLers accumulated 5 Market Review Despite the turmoil of 2022, the percent of bitcoin that hasn’t moved in over a year grew throughout 2022 and is now at an all time high of 66.4% indicating a transfer from speculators to long term holders. SUPLY LAST MOVED: OVER 1 YEAR vs LESS THAN 1 YEAR Bitcoin last moved 1+ year ago Bitcoin last moved less than 1 year ago Source: Glassnode
  • 6. 6 This cycle has resembled previous cycles Crypto’s first two cycles were very similar and thus far, the current cycle is following the same pattern. $10.00 $100.00 $1,000.00 $10,000.00 $100,000.00 BITCOIN PRICE OVER VARIOUS MARKET CYCLES After First Halving (11/28/12 - 7/8/16) After Second Halving (7/9/16 - 5/10/20) After Third Halving (5/11/20 - 1/1/23) Peak Bottom Peak Bottom Peak Source: Glassnode Market Review
  • 7. 7 Many metrics reminiscent of past cycle bottoms Prior to 2022, bitcoin’s MVRV has fallen below 0 only three times in the past decade, each proved to be the very bottom of that cycle. The fourth time bitcoin’s MVRV fell below 0 was this past November. BTC Price MVRV MARKET VALUE TO REALIZED VALUE (MVRV) Source: Glassnode Market Review
  • 9. 2022 Fund Review During the bear market of 2022, Blockforce Multi-Strategy Fund avoided most collapses and outperformed BTC and significantly reduced the volatility. 9 Performance data represents actual net performance for the time period from Jan 1, 2022 to Dec 31, 2022. Past performance does not guarantee future results. -50.6% -64.2% -80.0% -60.0% -40.0% -20.0% 0.0% 34.3% 63.2% 0.0% 20.0% 40.0% 60.0% 80.0% 24.1% 42.1% 0.0x 0.1x 0.2x 0.3x 0.4x 0.5x 2022 NET PERFORMANCE 2022 NET VOLATILITY Multi-Strat Fund Bitcoin 2022 DOWNSIDE VOLATILITY Portfolio held up well though 2022
  • 10. Ability to navigate all market conditions has led to outperformance 10 Performance data represents actual net performance for the time period from Jan 1, 2021 to Dec 31, 2022. Past performance does not guarantee future results. Over the last two years, the crypto market has experienced both extreme bull and bear markets. In each of the last two years, Blockforce has outperformed a passive buy and hold strategy. 54.8% -42.9% -60% -40% -20% 0% 20% 40% 60% 80% Multi-Strat Fund, Net Bitcoin CUMULATIVE NET RETURNS OVER THE PAST TWO YEARS 2022 Fund Review
  • 11. Continue to minimize volatility 11 Blockforce has managed to minimize the downside volatility compared to bitcoin in every year of its existence. 16.7% 34.8% 70.9% 34.3% 73.9% 72.0% 80.5% 63.2% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 2019 2020 2021 2022 ANNUAL VOLATILITY Multi-Strat Fund, Net Bitcoin Performance data represents actual net performance for the time period from Mar 1, 2019 to Dec 31, 2022. Past performance does not guarantee future results. 2022 Fund Review
  • 12. Trends We Are Watching 2023 Look Ahead
  • 13. Bitcoin The value proposition of a permissionless, transparent monetary system that can’t be controlled or confiscated by a central authority has only strengthened as sovereign currencies around the world have shown signs of stress. Furthermore, the adoption and use of the Lightning Network (and thus the usage of bitcoin) has been growing exponentially over the last couple of years. 13 2023 Trends 0 1000 2000 3000 4000 5000 2018 2019 2020 2021 2022 2023 TOTAL BTC IN THE LIGHTING NETWORK AT THE START OF EACH YEAR Source: Glassnode
  • 14. Ethereum, Staking and Layer 2’s The Merge marked a fundamental shift in the economic model of Ethereum, reduced new token issuance by 90% and eliminated nearly $500 million of monthly sell pressure. As a result, we expect ETH to become net deflationary in 2023 and staking to increase substantially after the Shaghai Fork (currently only 13.2% of all ETH supply is staked). Layer 2 networks quietly had a breakout year in 2022. We expect transaction count on Layer 2s will easily exceed transaction volume on Ethereum in 2023. 14 2023 Trends TRANSACTIONS PER DAY Ethereum (1,000,777) Optimism (671,002) Arbitrum (537,689) Source: Dune Analytics
  • 15. DeFi For every collapse of a centralized company in 2022 there was a perfect substitute in DeFi that not only survived the turmoil of this past year but worked as intended without interruption. Despite the advantages of decentralized financial infrastructure, DeFi’s market share of global financial services is a measly 0.6% today giving it a lot of room for growth in the coming years. 15 2023 Trends CURRENT DEFI MARKET CAP CURRENT FINANCIAL INDUSTRIES MARKET CAP Source: Research and Markets $15 Billion $25 Trillion
  • 16. Decentralized Infrastructure Decentralized infrastructure is a small, but emerging category of the crypto landscape both in terms of size and importance. These projects utilize blockchains to coordinate and align millions of individuals in the deployment and operation of trustless, permissionless, and programmatic infrastructure. This bottom-up approach is both more equitable and efficient compared to the traditional top-down deployment model of centralized entities. 16 2023 Trends Capacity and utilization for decentralized cloud storage network Filecoin has steadily and consistently grown over the past 18 months. Helium, a decentralized wireless network, has nearly a million individually owned hotspots in over 180 countries worldwide. Chainlink continues to see consistent active user growth as it provides real world data to various blockchains and DeFi protocols throughout the ecosystem. The Graph, which builds and publishes open APIs that make on-chain data easily accessible, has seen an explosion of growth over the past six months.
  • 17. Tokenization of everything Tokenized assets represent digital shares that allow for increased access and liquidity, near- instantaneous transaction settlement, and regulatory compliant ownership of any real world or virtual asset. Tokenizing real-world assets can create liquid markets for previously illiquid assets and in doing so, unlock new markets that were never before possible. 17 2023 Trends KKR, one of the world’s largest investment firms, tokenized its healthcare fund and in doing so, increased access to the fund by simplifying the onboarding and compliance processes, lowering investment minimums, and increasing liquidity Goldman Sachs launched its own Digital Asset Platform in which it can tokenize traditional financial products in order to increase efficiency and liquidity. For example, in November, the platform was able to reduce the typical bond issuance settlement time for the European Investment Bank (EIB) from five days to sub-60 seconds. A group of 12 banks (including Bank of America, Citi, BNY Mellon and Wells Fargo), conducted a pilot program to tokenize various projects in order to reduce the time it takes to settle transactions from 2 – 3 days down to same day settlement.
  • 18. Regulation A growing number of politicians are embracing the crypto industry and fortunately, many of them got elected in November. The new House majority whip, Tom Emmer, is a staunch crypto advocate and one of the most knowledgeable individuals in Washington on the industry. Biggest topics in 2023 to watch are exchanges, stablecoins, and DeFi. 18 2023 Trends Stablecoins Stablecoin issuers will likely face new oversight requirements including reserve requirements and licensing in order to be in compliance with US law. Exchanges Expect legislation to be passed sometime in 2023 that officially gives the CFTC oversight of exchanges and custodians. This would bring much more clarity to the industry. DeFi DeFi will be a wild card to watch in 2023. The fact that SBF was championing for rules against DeFi and then DeFi protocols held up so well throughout the turmoil is causing many politicians to distance themselves from the topic, not that many understand it in the first place. It will be very interesting to see if any regulation regarding DeFi passes in 2023 or if its largely left alone.
  • 19. 19 FOR ACCREDITED INVESTORS ONLY. MAY NOT BE REDISTRIBUTED. This material has been created specifically for accredited investors and cannot be copied or redistributed. By accepting this material, you acknowledge that you are a sophisticated accredited investor and understand the content of this material. This material is presented for general information purposes only and does not constitute an offer to buy or sell securities. This publication has been prepared and issued by Reality Shares, Inc., dba Blockforce Capital (“Blockforce Capital”). Blockforce Capital makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to any data included in this publication. Without limiting any of the foregoing and to the extent permitted by law, in no event shall Blockforce Capital, nor any affiliate, nor any of their respective officers, directors, partners, or employees, have any liability for (i) any special, punitive, indirect, or consequential damages; or (ii) any lost profits, lost revenue, loss of anticipated savings or loss of opportunity or other financial loss, even if notified of the possibility of such damages, arising from any use of this publication or its contents. This publication does not constitute general or personal investment advice or take into account the individual financial circumstances or investment objectives, or financial conditions of the individuals who receive it. This does not constitute an offer or solicitation to purchase or sell any securities or Funds, nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Performance returns are for illustrative purposes only and do not represent actual Fund or portfolio performance. Performance returns do not reflect all possible transaction costs or expenses. The information herein is not intended to predict actual results, which may differ substantially from those reflected. Investing involves risks, including possible loss of principal. Performance data quoted here represents past performance. Past performance is not necessarily indicative of future results. Other than disclosures relating to Blockforce Capital, the information and material contained in this publication has been obtained from sources that Blockforce Capital believes to be reliable, but Blockforce Capital does not represent or warrant that it is accurate or complete. This publication contains performance data based on back-testing, (i.e.) simulations of performance of a strategy as if it had actually existed during the defined period of time. The results of such data presented here are hypothetical (does not reflect actual trading), for illustrative purposes only, and constitute the judgment of Blockforce Capital. Actual strategy returns from live investment may differ materially from hypothetical returns. Back-tested performance does not represent actual performance and should not be interpreted as an indication of such performance. While the information has been prepared in good faith, there are inherent limitations that recipients must consider carefully. Back-test results do not present the impact that material economic and market factors might have on an investment adviser’s decision-making process if the adviser were actually managing investor funds. Different models, different market conditions or different assumptions may yield different results. Back-tested performance can also materially differ from actual performance because it is achieved through the retroactive application of trading models (in this case, Blockforce Capital’s Alpha Predator model) designed with the benefit of hindsight. As a result, the models theoretically may be changed from time to time and the effect on performance results could be either favorable or unfavorable. Past performance does not guarantee future results. Blockforce Capital keeps certain activities of its business units separate in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of Blockforce Capital may have information that is not available to other business units. Blockforce Capital has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process. No representation is being made that any investment product will achieve performance similar to those shown. Additional important disclosures are included at the end of this presentation. Please read carefully. Copyright © 2022 Reality Shares, Inc. All rights reserved. Disclaimers