Topic: [ANN][ICO] Smart Investment Fund Token (SIFT) - Blockchain Trading Fund - page 2. (Read 10477 times)

We hope to have exchange/liquidity announcements before end of ICO.

Im in!

I know James and I use https://www.smartvsa.com/products/ trading forex. Great product & support from James. I believe it will work in crypto too

If I would get in I would see it as a long term investment. However, the possibility to get out or buy more/back at any point in time adds value and investors.

If there are problems with liquidity in the marketplace post ICO and there is demand from investors we have been considering setting up our own ETH-SIFT exchange where we provide a buy-back and resale service to ensure liquidity in the marketplace - infact if you dig back through the commit logs on Github this was in an earlier version of our code.  It would be completely smart contract based so there would be no manipulation from our side but there are a couple of problems with it:
1. The price we buy/sell at has the potential to manipulate the rest of the market
2. We can get seen as market making our own funds value

We decided not to launch with this but instead to be guided by investors.  The technology is pretty much (we were going to have UI on our website and an application that sits on top of Geth/MIST to make it easy to use as well) there and the question was pretty much whether or not it made sense to do.  We would rather leave this to market forces so that we aren't seen to interfere in natural pricing, and we've also had a lot of investors who have stated they are not fussed with immediate liquidity because they are treating this as a longer-term investment, but if we get a sizeable amount (and certainly if a majority) of investors that want us to provide the liquidity and some service like this we will be doing so.

If one wants liquidity, how can one sell the token? Is the way the smart token works comparable to how Bancor offers to buy/sell the token?

Where is the bounty thread ? participants posting their data but i can not see any post about bounty and how to registered with bounty campaign ?

1. The product is called Smart Trader, originally known as Pipbuilders.  There's a very large thread on ForexFactory that details this from 2009 onward - from its early beginnings to a commercial product.  Feel free to read through it to get a sense of the product, customer and feels as the product has grown over time: https://www.forexfactory.com/showthread.php?t=157629

2. Only in profitable months, no fee when month itself isn't profitable.  An averaged return of 4% per month is viable based on our algorithms and past trading history.  We've been sharing trades over the last week as they happen in our Telegram room - calling them out as soon as spotted and follow to close.  The dividends only take half of the profits each month which means the rest is still invested to grow the fund.

3. No US exchange - yes.  This leaves a few options - the obvious being non-US exchanges.  We don't really want to get involved in day to day trading (as we don't want to market-make our own token) but we have developed a smart contract to act as an exchange for SIFT holders to buy/sell and use the contract itself to escrow the trades.  If this does become a significant problem the fund is ultimately backed and stored in fiat.  If we are being told by investors that this becomes a significant issue in the future we would propose a vote for a decision on whether to continue the fund as is or to vote to wind-down trading operation and cash out payment (we could exchange funds into ETH, or other as decided by SIFT-holders).  As we've said in answer to other questions we're happy to carry this fund on indefinitely but if a majority of holders want us to wind down operations gracefully we would.  This isn't throwing money at us for a product that doesn't exist to trade on revenues that don't exist - it's trading with funds held in trading accounts and regularly audited.  That means the funds are there to back the value of them regardless of listing on US exchanges.

There are so many red flag about this project,
1. 10 years of experience working with what company and where
2. Month dividends! How are you going to make this possible
3. The dividedns payment will make the value of the tokens to go south because no US exchange will list this on their exchange

We've paused the original social media bounty campaign that we ran prior to ICO and are now deciding if we're going to launch any more.  If we do we will update it here.

Hey guys, my newest youtube video about SIFT is live. It might help clear up any questions or thoughts you may have on the SIFT ICO and company.

Please check it out, and hit that subscribe button if you liked it. Thanks so much.

https://youtu.be/v0Mpd5sV5us

I am concerned with the definition of the USA SEC on a token that can be categorized as security...one aspect is that a token holder can be receiving dividends or earnings out of it...will this mean that SIFT is actually issuing securities? I know you are not in the USA but it has the power to go anywhere and wield its power...

Please clarify this for me.

Thanks for laying it out. Got some more questions, but possibly answers are in the whitepaper. Will check the whitepaper asap.

Thank you for the video - it's greatly appreciated.  For anybody who hasn't seen it yet: https://www.youtube.com/watch?v=v0Mpd5sV5us

I just got done filming my youtube video about your ICO. Will be posting a link soon.

Definitely will be investing in this ICO, and hopefully my subscribers will too

Apologies - the URL redirect has been fixed for whitepaper - https://smartift.com/whitepaper - thank you for pointing this out.

Payouts are the first Monday of every month where there are profits.  The structure is as follows:
1. Trade profits for the month are all added together
2. A management fee is charged at the lower of 1.5% of entire fund value or 15% of that month's profits
3. The remainder is client-profit
4. 50% of client profit is paid in dividends as ETH
5. Remaining 50% of client profit is reinvested into the fund for future trading

If there has been no profit, there is no management fee nor is there any dividend payout

When the fund first starts a maximum of 15% of invested money is taken as operating expenses for the fund.  To ensure shareholder value this is repaid to shareholders before any management fees are taken.

A full breakdown of fee structures can be found at an example calculator assuming a static monthly return (obviously it's much more variable than this, however this is an average from our backtesting) at this page https://docs.google.com/spreadsheets/d/16BQS3VPRp_lAyYuOw2sXyZHk8NIE_F5Xz-XXPVXyiZk

Congratulations!!!
I wish the SIFT be a success project with a great presence in the cryptocoins market.

At last, what's everyone waiting is here. The rules is a little bit tricky but it's fine.

it's a good project i see, but it can more interesting if you use some picture about this project in the thread.. and also you use bounties to share this project in other forum..

More and more of this kind of (interesting) projects are having an Ico. What is the payout structure? Whitepaper link in ann doesnt work somehow.