The recent YouTube video titled “Buying the Blockstream Mining Note” provides a detailed guide on how to purchase and hold the BMN, a registered security with investor protections. The video walks viewers through the process of setting up a liquid wallet with an Amp ID, whitelisting the Amp ID with the primary issuance platform Stalker, and ultimately purchasing BMN on various exchanges. Unfortunately, due to regulatory restrictions, the BMN is currently only available to non-US qualified investors. However, the video also delves into options for US investors to acquire the BMN through secondary markets like Merge via Digital. Let’s explore the key topics discussed in the video and how individuals can navigate the process of investing in the Blockstream Mining Note.
Setting up a Liquid Wallet and Amp Account
Once you have downloaded a liquid compatible wallet, such as Blackstream Green or Sideswab, the first step is to add an Amp account to your wallet. This process involves recording your unique Amp ID, which is essential for holding BMN, a registered security with investor protections. In order to receive BMN in your wallet, you must whitelist your Amp ID with the primary issuance platform, Stalker, which functions as the Investment Bank of the BMN. Stalker oversees the structure, management, and compliance of the BMN.
To register your Amp ID with Stalker, visit their website at stalker.io and follow the outlined steps for setting up your account. Once approved by Stalker, you can copy the Amp ID from your liquid wallet and input it into your Stalker account settings, ensuring seamless integration between the two platforms. By completing this registration process, you gain access to exchanges where BMN is traded, such as Sideswap, Bitfinex Securities, and Merge via Digital. Each exchange offers different levels of liquidity, so it is recommended to explore the options available to determine the most suitable platform for purchasing BMN.
For individuals residing outside the United States, the opportunity to purchase BMN is open as long as they are non-US qualified investors. However, for US residents like Drew, the possibility of acquiring BMN directly is currently restricted. In such cases, seeking guidance from international contacts, such as Australian friend Jesse, who navigates the secondary market through platforms like Merge via Digital can prove beneficial. By following Jesse’s footsteps and utilizing digital markets to acquire fractional shares of BMN, individuals can gradually build their BMN holdings and eventually withdraw to self-custody for safekeeping.
Registering Amp ID with Primary Issuance Platform
In order to buy and hold the BMN, you will need to first set up a liquid wallet with an Amp ID. After downloading a liquid compatible wallet like Blackstream, Green, or Sideswab, you’ll need to add an Amp account to your wallet and record your Amp ID. The BMN is a registered security with investor protections, so you will need to whitelist your Amp ID with the primary issuance platform, Stalker, to receive BMN in your wallet.
Stalker is the investment bank of the BMN, where they structure, manage, and ensure compliance for the BMN. To register, you can visit stalker.io and follow the steps there to set up your account. Once approved by Stalker, you can copy the Amp ID from your liquid wallet and enter it into your Stalker account settings. Now that you’ve registered your Amp ID with Stalker, you can use one of the exchanges the BMN trades on to purchase some BMN.
At the time of the video, the BMN could be traded on three venues: Sideswab, Bitfinex Securities, and Merge via Digital. Each platform has its trade-offs with varying levels of liquidity. If you’d like to learn which is best for you, check the link in the description box below. Please note that the BMN is only available to non-US qualified investors at this time. If you’re a US-based investor, you may need to explore other options in collaboration with an international contact or intermediary.
Selecting an Exchange to Purchase BMN
To purchase BMN, the first step is to set up a liquid wallet with an amp ID. Compatible wallets include Blackstream Green or Sideswab. After downloading the wallet, add an amp account and record your Amp ID. Since BMN is a registered security with investor protections, you will need to whitelist your amp ID with the primary issuance platform, Stalker, to receive BMN in your wallet. Stalker is the Investment Bank of the BMN, responsible for structuring, managing, and ensuring compliance for BMN. Visit Stalker.io to set up your account and once approved, copy the amp ID from your liquid wallet and enter it into your Stalker account settings.
Now that your amp ID is registered with Stalker, you can use one of the exchanges where BMN trades to purchase it. At the time of the video, BMN could be traded on three venues: Sideswap, Bitfinex Securities, and Merge via Digital. Each platform has its trade-offs with varying levels of liquidity. To determine which exchange is best for you, check the link provided in the description box below. Keep in mind that BMN is currently only available to non-US qualified investors, so if you are located in the USA, you may need to seek assistance from someone in a different region to purchase BMN through the secondary market on Merge via Digital.
Jesse, an Australian investor, demonstrated how to acquire the Blockstream Mining Note on Merge via Digital. By funding his account with USDC, navigating to the assets tab, selecting BMN1, and placing an order, Jesse was able to acquire fractional shares of BMN. He plans to continue Dollar-Cost Averaging (DCA) into this asset until he has accumulated one whole Blockstream Mining Note, at which point he can withdraw to self-custody from the platform. This process demonstrates the steps non-US investors can take to purchase BMN through digital exchanges successfully.
Purchasing BMN through Merger Via Digital
To purchase BMN through a merger via digital, the first step is to set up a liquid wallet with an amp ID. After downloading a liquid compatible wallet such as Blackstream Green or Sideswab, you will need to add an amp account to your wallet and record your Amp ID. This ID is necessary because BMN is a registered security with investor protections, requiring you to whitelist your Amp ID with the primary issuance platform, Stalker, in order to receive BMN in your wallet.
Stalker serves as the Investment Bank of BMN, structuring and managing the BMN, as well as ensuring compliance. To register with Stalker, visit their website at stalker.io and follow the account setup steps. Once approved by Stalker, you can copy the Amp ID from your liquid wallet and enter it into your Stalker account settings. By registering your Amp ID with Stalker, you gain access to exchanges where BMN is traded, such as Merge via Digital, Bitfinex Securities, and SideSwap.
For individuals located in the United States, purchasing BMN may not be an option as it is currently only available to non-US qualified investors. In such cases, seeking assistance from an individual in a different jurisdiction, like an Australian friend, may be necessary to navigate purchasing BMN via the secondary market on platforms like Merge via Digital. The process involves funding your account with the desired amount, selecting the BMN asset, placing an order, and confirming the purchase. After the order is filled, you can continue to dollar-cost average into the asset until you have accrued a whole Blockstream Mining Note.
To Wrap It Up
the process of buying the Blockstream Mining Note (BMN) involves setting up a liquid wallet with an Amp ID, whitelisting the Amp ID with the primary issuance platform Stalker, and then using one of the exchanges where BMN trades to purchase the security. The BMN is only available to non-US qualified investors at this time, but individuals like Jesse from Australia have found ways to acquire it through secondary markets like Merge via Digital.
It is important to follow the necessary steps and procedures to ensure compliance and investor protections when investing in securities like the BMN. With the right knowledge and resources, anyone can participate in the evolving world of digital securities. Thank you for joining us on this journey of exploring the process of buying the Blockstream Mining Note. Stay informed and empowered in your investment choices.