Topic: [ANN] BitMEX Fund - Ethereum Smart Contract BitMEX Trading Fund - page 2. (Read 552 times)

It's a scam (some sort of a ponzi on first look), stay away from it if you don't want to lose your hard earned money..

What is this? Bitmex did not released any news about any fund. Another Scam or what? Any feedback from the community?

I do not think you have such solid partners. That's fake info. Everything just does not fit together. Such funny website and UBS, Goldman Sachs, JPMorgan Chase, Deutsche Bank etc. Deutsche bank for example will not do that. And the others, too. Contract balance is 0.1 ETH, that says it all

Hi,

Upon checking your website, I noticed that you stated about your team member's profile mentioning that you worked with various high-profile ranking groups including JP Morgan, UBS, Goldman Sachs, etc. but they can be easily claimed by anyone. Any more proof and evidences to further strengthen this claim?

How does it work?
When you send your ETH to the XB10 contract you will purchase a calculated number of XB10 shares. The price of XB10 increases with the number of shares in the contract. The XB10 contract will allocate 80% of your invested ETH to the Bitmex Trading fund. 5% will be distributed to other XB10 token holders. 15% is retained in the Ethereum contract. If you ever sell your XB10 shares, 10% will be deducted as an exit fee and distributed to all remaining XB10 shareholders. But if you sell you will lose your ongoing BitMEX trading profit distributions.

The trading portion of deposits from the XB10 contract are converted to BTC and deposited to the Bitmex trading account. When profits are made in the accounts, 14% are retained for the developers, 80% are deposited into the XB10 contract and distributed to XB10 shareholders,and 4% are retained as additional reimvested capital for the Bitmex trading account.

By the numbers:

   10% of every Ethereum deposit is distributed to all current XB10 shareholders.
   10% of each sale of XB10 shares is distributed to all current XB10 shareholders.
   5% Referral Commission.
   Developers are only paid a portion of Profits(14%) made from trading on the BitMEX account.
   80% of profits from trading on BitMEX are distributed back to XB10 shareholders daily through the XB10 contract.
   6% of profits from trading are retained in the BitMEX account balance.


5% Affiliate Commission
Everytime your referrals deposit to the contract, you will receive a 5% commission.


Frequently Asked Questions

What is BitMEX Fund?
BitMEX Fund is an investment vehicle which allows you to invest ETH into the XB10 smart contract and take advantage of experienced futures traders using our proprietary algo trading system on the BitMEX Cryptocurrency Futures Exchange. Our first fund trades 10X leverage on the XBTUSD Perpetual Inverse Swap Contract. Nearly all of our trades are made on market making orders and receive 0.075% payments on each order.

How do I invest?
You will invest using Ethereum to buy XB10 shares. You will need an Ethereum wallet such as metamask or trustwallet. Just enter the amount of Ethereum you want to invest and the page will tell you the number of XB10 shares you will receive. Then complete the transaction with you wallet provider.

When can I invest?
Our token exchange will launch at 2200 UTC on March 17, 2019.

When will the first Bitmex trades begin?
We will make our first deposit from the fund on March 20, 2019 or later. Addional deposits from the fund will happen daily at 2200 UTC. Profits from the Bitmex accounts will sent to the XB10 Ethereum contract and automatically distributed to XB10 token holders. Distibututions are made in relation to the amount of XB10 tokens you own. You will be able to check the status of your account at bitmex.fund.

What happens when I invest in XB10 shares?
When you send your ETH to the XB10 contract you will purchase a calculated number of XB10 shares. The price of XB10 increases with the number of shares in the contract. The XB10 contract will allocate 80% of your invested ETH to the Bitmex Trading fund. 5% will be distributed to other XB10 token holders. 15% will be kept in the contract for liquidity. If you ever sell your XB10 shares, 10% will be deducted as an exit fee and distributed to all remaining XB10 shareholders. But if you sell you will lose your ongoing BitMEX trading profit distributions.

What happens with Bitmex trading account?
Deposits from the XB10 are converted to BTC and deposited to our Bitmex trading account. When profits are made in the accounts, 14% are retained for the developers, 80% are deposited into the XB10 contract and distributed to XB10 shareholders,and 4% are retained as additional reimvested capital for the Bitmex trading account.

What happens while I hold my XB10 shares?
Each day at 2200 UTC any Bitmex trading profits made for day will be deposited into the XB10 contract and automatically distributed to your profit fund. At any time you may withdraw you profits or reinvest them for additional XB10 shares. You will continue to receive Bitmex profits as long as you hold XB10 shares. You will also receive 5% of any XB10 purchaes and 10% of any XB10 sales as long you hold your XB10 shares.

What happens if I sell my XB10 shares?
When you sell your XB10 shares you will receive your remaining balance less 10% which is distributed to remaining XB10 shareholders. You will also receive your remaining profit fund amount. You will only receive Bitmex profit proceeds while you hold XB10 shares.

What fees do the developers take?
We only take a percentage of the PROFITS made through Bitmex 10X leverage trading. We retain 14% of the profits and return 86% of the profits to the XB10 shareholders. 5% of each XB10 buy is distributed immediately to all XB10 shareholders. 10% of each XB10 sale is distributed to all XB10 shareholders. The idea is to make holding XB10 shares pay.

Who are the developers?
We are a group of Equities and Futures traders who decided to focus on incorporating our automated systems developed for the traditional equities and futures markets for the cryptocurrency spot and futures markets. Our team has decades of experience in trading using sophisticated machine learning algorithms for SmartAI automated trading.

What is SmartAI automated trading?
The most powerful AI is not yet ready to match up with human traders in real world markets. We use our automated trading system as a tool for our group of traders to use.

Is there a guaranteed return?
No. The crypto futures market is risky and there is no way to guarantee a return on your investment. Our Bitmex 10X system is relatively agressive but uses only 10X leverage on trades. Our target is to return greater than 10% in profit per day. But this will not happen with regularity. Some days will see 50% in profit while other days will incur losses.