About SYMMETRYFUND


About SYMMETRYFUND




Introduction

Cryptocurrencies like Bitcoin, Ethereum, Ripple, Dash and Litecoin are disrupting how currencies are distributed
and held every day. With cryptocurrencies still in the early stages of adoption, it can be difficult for
people to understand how to obtain, hold, and trade these currencies on their own.
Growing interest from investors about cryptocurrencies is making the possibility of investing in a fund that
trades cryptocurrencies extremely appealing. With the ability to invest at a variety of levels, securely store
funds, and have input into how a cryptocurrency investment fund is managed, Symmetry Fund (SYMM) is
offering investors the opportunity to gain exposure to the cryptocurrency market without the complexities
of personally trading it themselves.
As in investor in SYMM, you will enter a managed fund that allows you to take part in the moves of the cryptocurrency
exchange without the effort and significant capital investment that would otherwise be required
when trading individually.
Offering a diversified portfolio with market cap above $1B, SYMM has a minimum average volume of $100M
in each cryptocurrency it trades including Bitcoin, Ethereum, Dash, Lite Coin and Ripple.
SYMM is specifically designed for trading cryptocurrencies and investing in early stage Initial Coin Offerings
(ICOs). The fund offers many of the same advantages and protections of a managed mutual fund while providing
its investors exposure to the cryptocurrency market.

About Symmetry Fund (SYMM)
Part of the Ethereum (ETH) blockchain, SYMM is an ERC20-compliant smart contract. The fund pays monthly
dividends in ETH.
A single share in the investment fund represents one SYMM token. The investment fund trades and invests
in ICOs for cryptocurrencies including Bitcoin, Ethereum, Ripple, Dash and Litecoin. Shareholders will have
the ability to trade their tokens with peers based on market rates. This will allow shareholders to cash-out
as the fund value increases over time, in conjunction with receiving a monthly ETH dividend.
To ensure the whole fund isn’t exposed at any time, SYMM will always hold a percentage of funds in a prudent
reserve. Further risk mitigation will also be provided by applying weighted currency and signal risks
to each currency in the SYMM investment portfolio (BTC, ETH, XRP, DASH and LTC). When not in a trade,
SYMM’s funds will be kept in fiat currencies (USD/EUR) so that the funds are not exposed to the volatility of
blockchain assets. Keeping the fund’s exposure to blockchain assets to a minimum reduces the impact that
large fluctuations in the value of cryptocurrencies may have on SYMM’s capital value.
To monitor the current reserves of the fund and the fund’s value, a self-certification system is included so
shareholders can monitor their investment at any time. The fund’s self-certification will occur daily while
monthly external audits will be conducted by the Big Four accounting firms. Performing daily self-certification
of funds in conjunction with monthly external audits will ensure transparency and trust between SYMM
fund managers and shareholders.
Ensuring that investors will have input in the direction of SYMM is also an important part of the fund’s methodology
and objectives. Shareholders will be able to vote on any decisions that affect the future direction of
SYMM. Shareholder votes will occur on changes and developments such as proportion of the funds invested
in ICOs and deciding which pairs will be traded.
Summary of the SYMM ICO
One SYMM share is equal to one ERC-20 compliant token.
The duration of the ICO is 60 days from December 10, 2017 to February 10, 2018.
During the ICO, 1 SYMM share will cost 0.1 ETH.
The ICO Soft Cap is 3,000 ETH.
There is no Hard Cap for the ICO.
Trades in BTC, LTC, DASH, ETH and XRP will be conducted using 70% of the fund’s capital.
20% of the fund will invest in high potential ICOs. SYMM will secure a deep discount (up to 50%) on
ICOs that have not yet been released for public sale.
10% of the fund will be held by the fund in a reserve to ensure that the whole fund is never exposed
at any point in time.
50% of monthly trading profits will be paid in dividends to investors each month. Dividends will be
paid in ETH.
50% of monthly trading profits will be held for compounding growth.
To reduce risk and ensure stability of the fund’s value, SYMM funds will be held in USD and EUR.
Risk mitigation strategies will be established.
Management fees will not be charged if there are no profits.
Based on Symmetry scenarios and fund projection, the estimated annual ROI for SYMM investors is
expected to be more than 50%.
All shareholders will have the opportunity to vote on major fund decisions, further fostering trust and
transparency between the fund and its shareholders.
All trades that SYMM execute will be detailed on the relevant exchanges.
Funds held by SYMM will be subject to external auditing each month.
Accounts balances and SYMM fund value will be reported to shareholders daily.
Until SYMM is listed on major exchanges, all shareholders will have the ability to sell their investment
for instant liquidity

The Trading Phase
After the ICO successfully closes and funds are withdrawn from the ICO, the trading phase will commence.
The trading phase will continue indefinitely with changes in trading activities such as pairs traded and fund
allocation to be voted on by shareholders.
At the commencement of the trading phase, the capital value of SYMM will come from 90% of the capital
raised in the ICO. This capital will be converted into fiat currencies and quoted in USD.
Operating and management costs will be covered with the remaining 10% of the funds raised in the ICO.
Over the course of trading, operation and management costs will be returned to investors. A management
fee will not be charged to SYMM investors until this 10% operation and management allocation is paid back.
SYMM’s capital will be split into 3 components:



 My Profile Bitcointalk:  My Bitcointalk



Komentar

Postingan populer dari blog ini

DarcMatter ICO Specification