The Symmetry Fund: Introducing a new dimension in cryptocurrency investing. ICO IS LIVE NOW!!!

Adam Joker
7 min readDec 28, 2017

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Symmetry Fund is Open !

About SYMM

With the power to take a position at a range of levels, firmly store funds, and have input into however a cryptocurrency investment fund is managed, Symmetry Fund (SYMM) is giving investors the chance to realize exposure to the cryptocurrency market while not the complexities of in person commercialism it themselves. a part of the Ethereum (ETH) blockchain, SYMM is Associate in Nursing ERC20-compliant sensible contract. The fund pays monthly dividends in ETH. With a conservative structure and approach, SYMM executes its trades and investments with a balanced and long vision for growth.

The fund’s capital are going to be accustomed trade across a range of cryptocurrencies and therefore the share of the fund which will be allotted to every currency are going to be determined by analyzing specific currency and signal risks. one share within the investment fund represents one SYMM token. The investment fund trades and invests in ICOs and cryptocurrencies as well as Bitcoin, Ethereum, Ripple, Dash and Litecoin. Shareholders can have the power to trade their tokens with peers supported market rates. this may permit shareholders to cash-out because the fund price will increase over time, in conjunction with receiving a monthly ETH dividend.

A elementary part of SYMM’s risk-mitigation strategy is holding capital in edict currencies (USD/EUR) once funds don’t seem to be engaged in an exceedingly trade. whereas this might mean the fund isn’t exposed once giant spikes in worth occur across cryptocurrencies, it additionally suggests that the fund isn’t exposed once volatile moves to the draw back occur. This keeps the fund’s exposure to blockchain assets to a minimum and ensures a gentle and measured growth mechanical phenomenon for the fund.
because the initial ICO moves to the commercialism part, and therefore the fund becomes older, SYMM can investigate any opportunities to expand the fund and supply investors with a range of investments for all risk appetites.

Symmetry Fund (SYMM) ICO

An unlimited amount of SYMM tokens will be released in the SYMM Initial Coin Offering (ICO). The ICO will be open for a period of 60 days at the exchange rate of 0.1 ETH per SYMM. One SYMM token will represent a single share in the fund. From the ICO, most of the funds raised will be used for trading purposes. A small percentage of funds raised (up to 10%) will be held by the fund for prudent reserves and administration. Holding back these funds forms part of SYMM’s risk mitigation measures. An unlimited number of SYMM tokens will be available for purchase at a rate of 0.1 ETH per SYMM during the ICO. By sending Ethereum to the ICO smart contract address, investors will be able to purchase SYMM tokens. After sending the ETH to the address, the investor’s account will be credited with the corresponding amount of SYMM shares. There is no limit on the amount of times investors can purchase SYMM tokens throughout the ICO

There will be 2 classes of shares:

Summary of the SYMM ICO

  • One SYMM share is capable one ERC-20 compliant token.
  • The length of the ICO is sixty days from November thirty, 2017 to Jan thirty, 2018..
  • throughout the ICO, one SYMM share can price zero.1 ETH.
  • The ICO Soft Cap is three,000 ETH.
  • there’s no arduous Cap for the ICO.
  • Trades in BTC, LTC, DASH, ETH and XRP are going to be conducted mistreatment seventieth of the fund’s capital.
  • two hundredth of the fund can invest in high potential ICOs. SYMM can secure a deep discount (up to 50%) on
  • ICOs that haven’t nonetheless been free for public sale.
  • 100% of the fund are going to be command by the fund in an exceedingly reserve to make sure that the entire fund is rarely exposed at any purpose in time.
  • five hundredth of monthly mercantilism profits are going to be paid in dividends to investors every month. Dividends are going to be paid in ETH.
  • five hundredth of monthly mercantilism profits are going to be command for combination growth.
  • to cut back risk and guarantee stability of the fund’s price, SYMM funds are going to be command in USD and EUR.
  • Risk mitigation methods are going to be established.
  • Management fees won’t be charged if there are not any profits.
  • supported Symmetry situations and fund projection, the calculable annual ROI for SYMM investors is anticipated to be over five hundredth.
  • All shareholders can have the chance to vote on major fund selections, any fostering trust and sparency between the fund and its shareholders.
  • All trades that SYMM execute are going to be careful on the relevant exchanges.
  • Funds command by SYMM are going to be subject to external auditing every month.
  • Accounts balances and SYMM fund price are going to be according to shareholders daily.
  • Util SYMM is listed on major exchanges, all shareholders can have the flexibility to sell their investment for fast liquidit

The commerce section

After the ICO with success closes and funds ar withdrawn from the ICO, the commerce section can begin. The commerce section can continue indefinitely with changes in commerce activities like pairs listed and fund allocation to be voted on by shareholders.

At the commencement of the commerce section, the capital price of SYMM can return from ninetieth of the capital raised within the ICO. This capital are reborn into order 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 are paid to shareholders in ETH via a wise contract on the third day of the month. Dividends are forthwith out there to SYMM investors once the payment is sent to the dividend contract. Investors will then withdraw funds at a time of their selecting.

Paste your text here and click on “Next” to look at this text reviser do it’s issue.

haven’t any text to check? haven’t any text to check? Click “Select Samples”.As a technology company, SYMM offers people the chance to realize exposure to the cryptocurrency market while not the complexities of managing their own trades and associated technology. Embedded within the ETH blockchain, SYMM is associate degree ERC20-compliant token.

it’s embedded within the ETH blockchain as a wise contract. alternative monetary functions of SYMM also will be supported by contracts on the blockchain as well as management of the ICO, dividend payments, transparency measures, and voting.

There ar many good contracts which will operate throughout totally different parts within the SYMM fund from the ICO part to the mercantilism phase. These contracts alter totally different elements of the fund. for instance, once associate degree capitalist purchases SYMM shares in exchange for tokens within the ICO part, the contracts can execute the action of providing SYMM shares in exchange for tokens.

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.

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.

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