About SYMM
With the capacity to contribute at an assortment of levels, safely store subsidizes, and have contribution to how a digital currency speculation support is overseen, Symmetry Fund (SYMM) is putting forth financial specialists the chance to pick up introduction to the cryptographic money advertise without the complexities of specifically exchanging it themselves. Some portion of the Ethereum (ETH) blockchain, SYMM is an ERC20-agreeable keen contract. The store pays month to month profits in ETH. With a moderate structure and approach, SYMM executes its exchanges and ventures with an adjusted and long haul vision for development.
The store’s capital will be utilized to exchange over an assortment of cryptographic forms of money and the level of the reserve that will be assigned to every cash will be controlled by breaking down particular cash and flag dangers. A solitary offer in the venture finance speaks to one SYMM token. The venture subsidize exchanges and puts resources into ICOs and cryptographic forms of money including Bitcoin, Ethereum, Ripple, Dash and Litecoin. Investors will be able to exchange their tokens with peers in light of market rates. This will enable investors to money out as the store esteem increments after some time, in conjunction with getting a month to month ETH profit.
An essential component of SYMM’s hazard moderation technique is holding capital in fiat monetary standards (USD/EUR) when stores are not occupied with an exchange. While this may mean the reserve isn’t uncovered when substantial spikes in cost happen crosswise over cryptographic forms of money, it likewise implies the store isn’t uncovered when unpredictable moves to the drawback happen. This keeps the store’s presentation to blockchain advantages for a base and guarantees an unfaltering and estimated development direction for the reserve.
As the underlying ICO moves to the exchanging stage, and the store turns out to be more settled, SYMM will research assist chances to extend the reserve and furnish financial specialists with an assortment of speculations for all hazard cravings.
Symmetry Fund (SYMM) ICO
A boundless measure of SYMM tokens will be discharged in the SYMM Initial Coin Offering (ICO). The ICO will be open for a time of 60 days at the conversion scale of 0.1 ETH per SYMM. One SYMM token will speak to a solitary offer in the store. From the ICO, a large portion of the assets raised will be utilized for exchanging purposes. A little level of assets raised (up to 10%) will be held by the store for reasonable stores and organization. Keeping down these assets shapes some portion of SYMM’s hazard moderation measures. A boundless number of SYMM tokens will be accessible for buy at a rate of 0.1 ETH per SYMM amid the ICO. By sending Ethereum to the ICO shrewd contract address, speculators will have the capacity to buy SYMM tokens. In the wake of sending the ETH to the address, the financial specialist’s record will be credited with the relating measure of SYMM shares. There is no restriction on the measure of times financial specialists can buy SYMM tokens all through the ICO
There will be 2 classes of shares:
Moving from ICO to the Trading Phase
The ICO will close manually at the end of 60 days. It can be closed by a nominated administrator account. After closure of the ICO, the funds will be withdrawn from the contract and exchanged to fiat currencies. To ensure that SYMM does not have an adverse impact in the markets that it will trade in, withdrawals from the ICO phase will be completed over a period of days or weeks. The withdrawals will be completed on a range of different exchanges to further mitigate potential market impacts.
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 November 30, 2017 to January 30, 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 sparency 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.
Risk Management in Trading
Risk will be proactively managed by SYMM. A key strategy SYMM will employ to mitigate risk is storing SYMM’s capital in fiat currencies when not engaged in a trade. SYMM funds will only be held in cryptocur — rencies throughout the duration of trades.
Holding funds in fiat currencies means the value of the fund will experience consistent growth without being constantly exposed to the, often volatile, fluctuations of cryptocurrencies.
Dividends
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.
Technology
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.
The Future of SYMM
Other base currencies and trading pairs will be launched by SYMM as the fund becomes more established and the trading phase of this initial ICO has matured.
The aim of SYMM is to be able to provide a variety of risk levels for investors so there is a solution for every investor interested in having exposure to cryptocur- rencies. As we launch new investment opportunities, and expand the fund, SYMM will investigate how it can provide current investors with special offers and benefits for new offerings.
WHITEPAPER https://symmetry.fund/wp-content/uploads/2017/11/Whitepaper.pdf
ANN https://bitcointalk.org/index.php?topic=2641669.0
Author: TheMichaelMatch
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