WiNDEX – Oil and Gold on the Blockchain
Windex – is a mutual fund for investing crypto-currency assets in traditional financial instruments through brokerage accounts on American exchanges and Wavestokens issued at blockchain platform. Tokens' price is pegged the price of corresponding instruments - i.e. major stck indices or technology stocks.
Due to algorithmic trading software Windex guarantees repurchase of tokens at a price that deviates from basic instruments' market price no more than 2 per cent.Effectively, Fund is crowdinvesting system by means of which even microinvestors are able to make a profit out of investment in traditional financial assets.TOKENS
WindeX (WX) is Full paid and non-assessable shares of the capital stock of par value of BTC 0.0005 each of Windex Mutual Fund maid as the token onWaves Platform. Distribution of profit via buyback twice a year.
The revenue obtained with placement of WX shall be used for creation of guarantee funds at Waves platform and public markets where Windex fund is presented. Such policy allows to avoid cash gaps and save significant money on rollover. 10 per cent of collected funds are to be used for maintenance of Windex activity. 50 per cent of net profit shall be distributed among tokens holders twice a year: on 15-20 of May and 15-20 of December. In reality it will be of the form of guaranteed repurchase plus share profits from each token.
wGold is a token whose price is pegged to XAU (troy ounce). Its value corresponds to one troy ounce's price expressed in dollar terms. Windex guarantees selling and repurchase of tokens at a price that derives from COMEX (New York) gold's market price no more than 2 per cent.
wBrent is a token whose price is pegged to a price of Brent Crude futures contract on ICE (earliest delivery date; contract's size - 1000 barrels). Token's value corresponds to Brent Creude futures contract's price for the earliest delivery date. Windex guarantees selling and repurchase of tokens at a price that derives from corresponding Brent Crude futures contract's price no more than 2 per cent.
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OFFICIAL ICO STARTS THE 20-TH OF JULY
Oil and Gold at Blockchain
ICO of Windex Fund of Algorithmic Trading will be started on July 20. Investors will be offered 400 000 out of 3 620 000 WindeX tokens (WX) created on Waves platform. Placing price is .0005 BTC. Thereby Project is planning to raise 200BTC that is pretty enough for Fund launch. Windex will be traded at Yobit and Poloniex crypto exchanges.
Method of placement is determined by targeted audience whose members trade at crypto exchanges actively. Originally it was supposed to forward a project at Waves decentralized exchange but the team decided to begin with more liquid trading grounds. Shota Zazunashvili, Windex Director of the Division on Investment, explains it in the following way - "Waves is a good platform, we are presented there and our intention is to go on with it. But meanwhile people are more keen to create and sell their own tokens rather than to trade and invest".
Tokens value is pegged to corresponding instruments - i.e. major stock indices and hi-tech shares. Windex guarantees repurchase of tokens at a price that derives from basic instruments' market price no more that 2 per cent.
Windex token (WX) is more than just trivial ICO token since it entitles holder to Fund's share and pro-rate profit. The money from tokens sales goes to guarantee funds at traditional and crypto exchanges. That enables Windex to provide liquidity and insure clients transactions.
Relatively small number of WX for ICO is attributed to two circumstances. Despite significant interest in Project showed after publication at bitcointalk, our team decided to test it "in combat conditions" on low volumes. Timofey Rotsky, Director of External Communications, notes: "We tested our robot and it provided pretty good results. Nevertheless, real market differs and it is fraught with any sort of surprises. Besides, we are not obsessed with an idea to pump maximum out of the market. Stability of our assets is very much more important for us, since WX emission is not applicable. While wGold, wBrent and other our products' volumes will grow, we will place more WX in order to increase guarantee funds. It would be nice if we manage to do it at higher prices".
