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Business Summary: BMCS Sumcoin Index Fund Inc. has a statutory trust that holds Sumcoin (SUM) on behalf of its shareholders. The fund seeks to track approximately 100 cryptocurrencies in the ecosystem the Sumcoin value. The investment objective of the Trust company is for the shares to reflect the value of the Sumcoins held by the Trust, determined by reference to the Sumcoin Index Price, less the Trust’s expenses and other liabilities. Sumcoin is a cryptographic blockchain using scrypt proof-of-work algorithm. It offers Sumcoin, which is an index-based digital currencies. The Company provides various features on its platform, including Sumcoin Index Algorithm, Sumcoin Blockchain and Digital Currencies.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2012, BMCS Sumcoin Index Fund Inc revenues decreased 97% to $12K. Net loss increased 20% to $726K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions.