Hi I see there are a few components to this project , the first being the Coinbag which is a cryptofund. How do you decide what coins go into the fund? What are your selection criteria? Will the fund be paying any dividend? And if yes, what are the frequency and the profit sharing scheme.
Who will be managing the fund, is your team consists of finance professionals or crypto investors with long track record in fund management or crypto investing?
Secondly, the marketplace for financial services, will this be targeting freelancers, similar to quite a number of projects for decentralising the freelance market?
Will there be licensed and certified accountants or tax agents?
Yes!, we have several components to our project, otherwise we would classify it as an
idea rather than a
project.As far as Coinbag goes
How do you decide what coins go into the fund? We have algorithms that help us decide what to put into the fund BUT
humans always make the final decision. If we come across another way to make better ROI aside from trading (but also within our scope), we will bring it to our community for a vote. We actually, recently made changes as to how we will allocate our funds from our token sale
due to feedback from our community. Community input is very important to us and essential for our success.
Our Selection Criteria That is broad-based and we would never limit ourselves in this vast market. If you watch our most recent Youtube video, you can see some of the ideas we liked at that time as far as our selections and why we would choose those coins (these three which I am speaking of, are coins that made it past initial screening but we deemed one to a poor trade in most cases). Our algo's are intellectual property and we will release more details as it becomes relevant...if you watch our video you can see we don't have limitations on what we select. We will make sure of three things though.
1. All decisions will be to the benefit of Alpha holders 2. We will make our best attempts to communicate in an effective manner regarding any changes to our strategies and/or tactics we employ, and 3. We will ensure visibility and transparency within Coinbag so that the community can watch our performance (We have already posted our top 6 holdings as a teaser on the website). Dividends No dividends. We however, do offer a
buyback system though, which we feel is
far superior to any dividend (
frequency is an option-to-sell us Alpha every 90 days). While a dividend
forces one to make an action, we give Alpha holders
the right to choose what they want to do with their crypto. For us, it helps stabilize the market price from volatility and wild swings. We cant force people to sell to us
but we help Alpha holders avoid the hassle and commissions of exchanges so that we can convince the community (especially those in staking Alpha) to sell it back to us. We don't want to see our token dumped on exchanges!
Aside from just price, this will also ensure that our floating and staking supplies of
Alpha will remain stable at all times. We will however use the fund for
other purposes down the line of the project.
We were waiting to reveal these details so I will keep it
somewhat cryptic (pun intended!). We plan on introducing a system when our Alpha Marketplace is made available that involves
placeholder tokens that retain
fiat value within the Alpha Marketplace. Without Coinbag, we would have nothing to tether these "place holder" tokens to. This will ensure that anyone using our systems is protected further from volatility and so that exchange rates won't interfere with regular business activities.
Who will manage the fund? Currently we have two experienced traders in charge, both who happen to be part of the project in other ways as well. We would love to tell you they have been in crypto since the start of bitcoin, but they have not. I can say however, they are highly experienced in both economics and the trading of derivatives (mostly equities and futures). Our team also consists of several advisers that give input into the process. Our Advisers scope and participation may vary from time to time, but their degrees/accomplishments pertain to the subject matter at hand and allow our traders to have multiple opinions from various angles when the time calls.
Secondly, the marketplace for financial services, will this be targeting freelancers, similar to quite a number of projects for decentralising the freelance market?
Will there be licensed and certified accountants or tax agents? We will be targeting
everyone! We will certify those with valid documents/degrees, and notify the community who is a
professional, and who has a
professional opinion. Anyone lacking credentials will be flagged as such
BUT we will have a system to show which un-certified (and certified) members have the best track record.
When i say
everyone, we have developed an
idea that we believe is
100% feasible, and will bring those not involved in crypto to our project! We have discovered a way for the "regular person" to connect to the block chain with a few easy steps! In doing this, it allows for mass adoption of our project in the
middle stages of our project development.