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SYMMETRY FUND | Launches Innovative Cryptocurrency Fund

Sabtu, 20 Januari 20180 komentar


Launching on November 30th, the Symmetry Fund is different in that the company is the first to offer buyback options for shareholders, as well as an attractive commission structure.

Fund manager, Andrew Lewin explained the reasons behind the new fund:
‘The cryptocurrency markets are relatively new and can be extremely complicated. The Symmetry fund has been designed to make it easy for individuals to invest in cryptocurrencies without all the effort, capital and risk involved with personal trading in the market.’

There has been massive increases in the prices of cryptocurrencies in recent years and analysts see further upside certainly in the medium to long term. While Bitcoin is well known, Ethereum is another cryptocurrency attracting a lot of interest from investors due to its potential in infrastructure applications using Blockchain technologies.

The SYMM fund invests in Bitcoin, Ethereum, Dash, Lite Coin and Ripple so offers a diversified portfolio for those looking for the safety of a traditional managed mutual fund, but still benefit from the gains being seen in the rising cryptocurrency markets, especially lucrative ICOs (Initial Coin Offerings). Operating as part of the Ethereum Blockchain, the fund pays monthly dividends equivalent to 50% of trading profits in ETH with the remaining 50% reinvested, subject to a tokenholder vote every three months. However, unique to the cryptocurrency market, investors in the SYMM fund have the option of a buyback option.

The fund managers have stated that high levels of transparency on profits/losses and dividends will be maintained through the delivery of daily reports to investors, while a 10% reserve fund will be kept in flat currencies (US$/€) to mitigate risk in volatile Blockchain markets.


Individual shares are offered as SYMM tokens, which can be traded at market rates, allowing holders to cash out at any time. The initial ICO will take place over a period of 60 days when tokens will be offered at an initial value of 0.1 ETH (payable only in Ethereum), before commencing general trading. While the fund is not available to US investors, management fees are competitive and charged on profits at 7.5% for investments over 100 ETH and 15% for under 100 ETH.

The SYMM investment fund is managed by some of the financials world’s most experienced fund managers, including Andrew Lewin, a senior fund manager at Credit Suisse, FX strategist, David Steiner and Markus Kohn, an expert in technical architecture.


The investment fund trades and invests in ICOs and cryptocurrencies including Bitcoin, Ethereum, Ripple, Dash and Litecoin.

A fundamental element of SYMM’s risk-mitigation strategy is holding capital in fiat currencies (USD/EUR) when funds are not engaged in a trade. While this may mean the fund is not exposed when large spikes in price occur across cryptocurrencies, it also means the fund is not exposed when volatile moves to the downside occur.

Symmetry fund (SYMM) is formed with the aim of providing the crypto investors with various investment options, multiple levels of security and managing the crypto mutual funds.
Part of the Ethereum (ETH) blockchain, SYMM is an ERC20-compliant smart contract. The fund pays monthly dividends in ETH.


THE PRICE FOR 1 SYMM IS 0.1 ETH
In the pre-ICO, pre-sale and public sale stages, there will be no discounts available.
  • There is no Hard Cap for the ICO.
  • 10% of the fund will be held in a reserve to ensure that the whole fund is never exposed at any point in time.
  • 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.
  • Management fees will not be charged if there are no profits.
  • Funds held by SYMM will be subject to external auditing each month.
  • 50% of monthly trading profits will be paid in dividends  in ETH to investors each month and 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.
  • Trades in BTC, LTC, DASH, ETH and XRP will be conducted using 70% of the fund’s capital.
  • Based on Symmetry scenarios and fund projection, the estimated annual ROI for SYMM investors is expected to be more than 50%.

An unlimited number of tokens will be released and enabled for the sale in ICO. The ICO will run for the period of 121 days starting from 10th December 2017. The 10% of the funds are used for the prudent reserves. ICO happens in two rounds. The first round has only Class A investments. It charges 7.5% management fees for investment over 0.1 ETH. The second round starts by February 11, 2018. It comprises of two classes: charge of 7.5% will be made for investing above 100 ETH. The other class charges 15% for investing below 100 ETH.

There will be at least two rounds of the ICO:


  • Round One starts on December 10th, 2017, and continues until February 10th, 2018. 
  • Round Two starts on February 11th, 2018, and continues until April 10th, 2018. 

There will be 2 classes of shares: Round One – the same management fee, only Class A shares available

Round One – the same management fee, only Class A shares available.



Round Two – different management fee for shares Class A and Class B







The SYMM enables the crypto investors to invest in the early ICOs with SYMM tokens. The investors have the flexibility to exchange the tokens with the current market rates of Bitcoins and Ethereum. One share in the Symmetry fund equals one SYMM token. The value of one SYMM token is 0.1 ETH. The monthly payment of the dividends will be paid in the ETH.

All the shares are not used for the investments. Symmetry fund has its own separate reserves. The risk mitigation is also provided to the funds to safeguard from the volatility. If the part of the crypto funds are not used for trading, then the currencies are stored in the fiat formats usually in USD or Euro.

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 :



When SYMM makes a monthly profit, dividends will be paid to shareholders in ETH via a smart contract on the 3rd day of the month. Dividends will be immediately available to SYMM investors when the payment is sent to the dividend contract.

Investors can then withdraw funds at a time of their choosing. Profits are determined by subtracting the amount the fund was worth at the end of the previous month from what the fund is worth at the start of the current month, less management fees if applicable, No management fees will be charged when there is no profit.

Management fees are (i) 7.5% of profit for Class A and Class B shares bought during the first round of ICO, and (ii) 7.5% of profit for Class A shares and 15% of profit for Class B shares bought during the second round of ICO. Management fees will not commence until the 10% of operating costs subtracted from the ICO is repaid to investors.

Example 

If SYMM makes $100,000 profit this month, SYMM would deduct the Class A and Class B fee accordingly. 

Let’s assume $60,000 is subject to 7.5% fee of $4,500 and $40,000 is subject to 15% fee of $6,000. 

$60,000 - $4,500 = $55,500 Class A profit. 
$40,000 - $6,000 = $34,000 Class B profit 
$55,500 + $34,000 = $89,500 total fund profit 
$89,500/2 = $44,750 
$44,750 to be compounded

From the total amount of monthly profit, 50% will be held in the fund for compounding growth, while the other 50% will be distributed to investors. This will provide shareholder value in the form of regular dividend payments and compounding growth of your investment.


As a technology company, SYMM offers individuals the opportunity to gain exposure to the cryptocurrency market without the complexities of managing their own trades and associated technology. Embedded in the ETH blockchain, SYMM is an ERC20-compliant token. It is embedded in the ETH blockchain as a smart contract.

Other financial functions of SYMM will also be supported by contracts on the blockchain including management of the ICO, dividend payments, transparency measures, and voting. There are several smart contracts that will operate throughout different phases in the SYMM fund from the ICO phase to the trading phase.

These contracts deal with different parts of the fund. For example, when an investor purchases SYMM shares in exchange for tokens in the ICO phase, the contracts will execute the action of providing SYMM shares in exchange for tokens. If the ICO phase does not meet its minimum investment requirement, the smart contracts can be used to wind down the ICO and return funds to investors.

If, however, the ICO is successful, a smart contract will be used to commence trading by withdrawing ETH from the blockchain.






Ann Thread
Bitcointalk Profile
Profil Name : perijahat

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