The crypto community is usually cored against institutions. This aligns with the blockchain movement's intent of decentralizing industries and bringing control to the people.
A new ICO aims to bring an established trading fund to the crypto markets. CountingHouse is raising funds to develop a trading fund aimed at the crypto market. The project intends to use the company's existing technology and infrastructure to profit from algorithmic trading. Typically, algorithmic trading is associated with large centralized hedge funds. However, CountingHouse is quite the opposite. Its team gets a tiny fraction of the tokens and the rest will be in the hands of the crypto community. It is possible for the entire community to eventually have a piece of this fund, and that is what makes it so different from traditional funds.
Other Benefits
CountingHouse is also bringing many other benefits for the overall crypto market.
Crypto is home to some of the most ridiculous and lucrative arbitrage opportunities ever. Individuals, however, have a hard time figuring out the arbitrage opportunities, and even when the opportunity becomes apparent, many individual traders remain uninterested. The difficulty of trading tokens across various exchanges is a barrier for many individual traders. However, an established fund can easily take advantage of these opportunities as it has far more resources. The crypto community benefits from this since CountingHouse could successfully remove or greatly reduce the arbitrage opportunities in the market, thereby bringing the market into a proper equilibrium.
Often the crypto market faces liquidity problems, and that is one of the key causes of arbitrage too. An algorithmic fund can easily predict issues caused by a lack of volume and step in to take advantage. As a fund steps in to take advantage of a lack of volume, it becomes a valuable market maker. While equity markets have plenty of investment banks handling market making, crypto is in a desperate need of institutional investment firms offering a similar service within this sphere.
Something for the Masses
Trading in crypto can be a migraine: traders need to hold and secure various keys, a dozen exchange accounts, and need to monitor values of many, many tokens/coins. Such a high level of inconvenience is an entry barrier that keeps the masses from adopting this market. The crypto market is certainly growing but sustaining this level of growth will require going beyond the early adopters of the world.
CountingHouse makes the crypto market palatable for the mass market. The average person generally invests in either exchange-traded index funds and those who can afford it allocate funds to a private broker. The crypto market is too young to have established such convenient services. However, CountingHouse will now be providing a managed fund for the masses, making participation in the crypto market convenient enough for the masses. This could push for a new wave of growth in this market.
Wrap-Up: CountingHouse is developing an algorithmic trading crypto fund. A project like this has the ability to greatly mitigate arbitrage in this market, while also providing some degree of market-making service.
Essential CountingHouse Links
🌐 Website: http://countinghousefund.com/ico
💡 Whitepaper: https://www.countinghousefund.com/whitepaper
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3406903
💻 Telegram: http://t.me/Countinghouse
⌚️ Token Sale: LIVE NOW
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Thank you for this extremely entertaining comment.
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Definitely the world of the cryptocurrency has its own language and it is necessary to understand some important concepts, in order to make good decisions. Thanks for sharing
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Definitely. The community has an across the board feel that any institutional entity with a centralized functioning could be negative. In the case of CountingHouse, the concept of centralization is unique. The participation has been decentralized and that is the important part. The handling of the fund should understandably remain centralized as very few have the experience and skills to handle a fund of this scale.
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Mr hatu please vote me up, Thanks.
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yes i will vote you..and follow you..vote me please
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Amazing @hatu 👌
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Thank you Andy!
Glad you liked it :)
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:)
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day by day cryptocurrency is effect our all thing..
this article is so good..keep up
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Yes, the developments in the blockchain and crypto sphere are outdoing each other. CountingHouse will be an impressive step forward for the asset management sector.
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Good my friend! I vote you! And follow you! We can help us , im wait for your vote!
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Thank you @soyireh
I will have a look at your work 👍
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yes i will vote you..and follow you..vote me please
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dear something for massase i dont understand
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The key take-away of this piece:
Asset management is primarily available to those who are already rich. This increases the gap between the poor and the wealthy. Now, CountingHouse lets anyone be a part of a managed fund; mininum investment is just 65 cents at current ETH price.
An institutional fund--these are funds managed by large centralized entities--is something the crypto community should welcome. It will reduce arbitrage so market (prices) will be in equilibrium, and it could also act as a market-maker.
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upvote for upvote
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nice .. counting house sounds interesting
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Yep, it's the first truly tokenized fund.
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