Symmetry Fund
PRELIMINARY
Symmetry Fund (SYMM) is specifically designed for trading cryptocurrencies and investments in initial Initial Coin Offerings (ICO). These funds offer many of the same benefits and protections of managed mutual funds while providing investor exposure to the cryptocurrency market.Cryptocurrencies such as Bitcoin, Ethereum, Ripple, Dash and Litecoin interfere with how the currency is distributed and held every day. With crypto is still in the early stages of adoption, it can be difficult for people to understand how to obtain, hold, and trade these currencies themselves. Growing investor interest in Crypto is making possible investing in the fund .
The trade of cryptocurrencies is very interesting. With the ability to invest at various levels, safely deposit funds, and input on how a managed cryptocurrency investment fund, Symmetry Fund (SYMM) offers investors the opportunity to gain exposure to the cryptocurrency market without the complexity
of their own trading.
As with investors in SYMM, you will include managed funds that allow you to take part in the crypto movement of exchanging with no effort and significant capital investment that should be required when trading individually.
Offering a diversified portfolio with a market cap of over $ 1B, SYMM has an average volume of at least $ 100 million per crypto it has including Bitcoin, Ethereum, Dash, LiteCoin and Ripple.
Symmetry Fund (SYMM) ICO
An unlimited number of SYMM estimates will be released at the SYMM Initial Investment Offer. ICO will open for a period of 60 days at a rate of 0.1 ETH per SYMM. One SYMM token will represent one share in the fund. From ICO, most of the funds raised will be used for trading purposes. A small percentage of uplifted funds (up to 10%) will be held by funds for cautious reserves and administration.Reseating these funds is part of the SYMM risk mitigation measures. An unlimited number of SYMM estimates will be available for purchase at a rate of 0.1 ETH per SYMM during ICO. By sending Ethereum to ICO smart contract address, investor will be able to buy SYMM tokens. After sending the ETH to the address, the investor account will be credited with the corresponding amount of SYMM shares.
Share Class will be Divided into 2:
- For an investment of more than 100 ETH, SYMM shares will have a management fee of 7.5%. (Class A)
- For investments under 100 ETH, SYMM shares will have a 15% management fee. (Class B)
Moving from ICO to the trading market
ICO will be closed manually at the end of 60 days. This can be closed by the nominated administrator account. After the closing of ICO, funds will be withdrawn from the contract and exchanged for other currencies. To ensure that SYMM has no adverse impact on the market to be traded, withdrawals from the ICO phase will be completed within a few days or weeks. Withdrawals will be settled on different exchanges to reduce potential market impact. Since funds are withdrawn from the contract and exchanged with fiat currency, the fund balance will be published and announced on blockchain. Trading will begin as soon as the initial withdrawal is made from the contract.SYMM has a long-term vision and interest in cryptocurrency stability and will not take part in any activity that could compromise the longevity and development of crypto in the future. The initial value of SYMM funds will be USD-equivalent to the Ethereum exchange rate withdrawn from the fund when ICO is closed.
Trading Phase
After ICO successfully closed and funds withdrawn from ICO, the trading phase will begin. The trading phase will continue indefinitely with changes in trading activities such as traded pairs and the allocation of funds may be selected by shareholders. At the start of trading phase, the value of SYMM capital will be from 90% of capital in ICO. This capital will be converted into fiat currency and quoted in USD.Operating and management costs will be closed with the remaining 10% of the funds collected in ICO. During trading costs, operations and management will be returned to investors. Management fees will not be charged to SYMM investors until the allocation of operations and management of 10% is refunded.
SYMM will be divided into 3 components:
- 70% of Cryptocurrency trades
- 20% ICO Investment
- 10% of fund reserves
Management Risks in Risk Trading
will be managed proactively by SYMM. A key strategy that SYMM will use to reduce risk is to store the capital of the SYMM in fiat currency if not involved in trading. The SYMM funds will only be stored in crypto throughout the trading duration. Holding funds in fiat currency means the value of funds will experience consistent growth without constant exposure to cryptococcal fluctuations, often volatile.The percentage of actively traded funds will be allocated to each cryptococcus when trafficked. The allocation of funds in crypto traded will be determined on the basis of its stability and its crypto risk.
The specific signal risk for each cryptocurrency will also be used to determine the allocation of funds and the risk of equilibrium. This is similar to the way a mutual fund balances risk on non-cryptocurrency funds. Additional risk mitigation strategies to be implemented include:
SYMM technology
As a technology company SYMM offers an opportunity to individuals to gain exposure to the cryptocurrency market without the complexities of managing their own trade and related technologies. Embedded in ETH block, SYMM is a token corresponding to ERC20.It is embedded in blocking ETH as a smart contract. Other SYMM financial functions will also be supported by contracts on blockchain including ICO management, dividend payments, transparency actions, and voting. There are several smart contracts that will operate throughout the different phases of SYMM funds from the ICO phase to the trading phase. This contract handles various parts of the fund.For example, when an investor buys a SYMM share in exchange for a token in the ICO phase, the contract will execute the act of providing SYMM stock in exchange for a token. If the ICO phase does not meet the minimum investment requirement, smart contracts can be used to lower ICO and refund to investors. If, however, ICO succeeds, smart contracts will be used to start trading by attracting ETH from blockchain. During the trading phase, the contract contains the ability for the investor to:
- Trade by transferring share SYMM between peers or otherexchange
- Collect payment dividends ;
- At any time in time, check your fund reserves and market value
- Participate in shareholder vote
SYMM information flow structure
Other steps that SYMM will take to support and strengthen transparency include:
- Share the public details of SYMM and its founders to ensure investors have all the information they need to make sound investment decisions.
- Provide the SYMM founder's personal information to enable stakeholders to contact them with any questions or concerns.
- When a crypto-card account is used to hold a balance for trading or a deposit to the exchange, these account details will be published in block so that investors can see at any time.
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