[Future Rollout] Start Managing Funds on Blockchain.
At MoatFund, our mission is to create a decentralised fund managing protocol operated on smart contracts, which is publicly accessible and can control the entire network of fund managing capabilities on blockchain.
If you’re curious to know what is next for MoatFund, then this article is for you. It’s been around a quarter since the launch and we are very excited to share with you the future rollouts. MoatFund is a group of 6 smart contracts which collectively perform the functionalities of managing funds.
MoatAddress is the registry of all the associated smart contracts. MoatFund regulates the MTU investment and redemption process. MoatUnit is an ERC20 token that shows the ownership in fund. MoatAsset is where all the assets are stored. MoatBoard assists in maintaining the governance of the fund by voting the proposals. MoatDEX integrates the DEX (like Kyber Network) to facilitates contract to contract trading without letting the funds leave the MoatFund ecosystem.
We also have a Dapp which is a front end interface to interact and initiate functions of our Smart Contract.
But these smart contracts and dapps are restricted. Despite having full functionalities of transparently managing funds, our protocol can’t be used by anyone except us.
Are you managing funds of your friends or maybe family? Are you managing funds of many clients? Are you a team of investors who are curious to collectively manage funds? Are you an investor looking for a fund manager to manage your funds?
There are thousands of potential possibilities of our MoatFund Smart Contract Protocol which defines the functionalities of transparently managing funds.
Anyone can start managing funds on our protocol.
Our future rollout will expose our protocol to all the fund managers who want to start their fund managing protocol on blockchain without handling the technical aspects of managing smart contracts and let them show their expertise in managing funds and cultivating returns for their clients.
A dead simple dapp to start their own fund managing contract on ethereum blockchain and start accepting funds with just few clicks.
At MoatFund, we are very cautious about investing in Utility Tokens. We had indepthly analyzed hundreds of crypto currencies. Read their whitepaper. Used their market ready product (if any). Interacted with their team. Did peer analysis. Compared project growth vs market value.
Here’s the bitter truth we came over — 99% of use cases of blockchain technology do not require their own tokens.
We have been tracking dozens of crypto projects and none of them actually need tokens (Utility Tokens, most leveraged type in ICOs). It’s fun to see how people are building the future and a good way to give back but we are bit cautious about the growth of crypto valuation being much higher than the market adoptation of the project.
So we have no plans to use the utility approach to expose the MoatFund protocol to the community plus we don’t want to compromise the decentralised mechanism of managing funds.
That’s why we came up with renting out protocol approach and the dapp to interact with smart contract. It’s like a subscription plan for fund managers to use the contract and the dapp for managing funds. More on this in our future updates.
Who will be the real beneficiary? MGV holders.
MoatGovern (MGV) Tokens.
MoatGovern (MGV) is the security token where the holders get the proportionate share in the profit of the payouts we will receive from renting out the MoatFund protocol.
The token holders will also make the governance decision of the whole protocol. Any major change in the smart contract will be routed through a voting mechanism by MGV holders.
A fraction of MGV tokens will be issued to the MoatUnit investors at no additional cost. This will be the reward for being an early investors in MoatUnits. No plans for Public Security Offering until we launch the full functional dapp.
*MoatUnit will be a seperate individual fund listed on MoatFund dapp after allowing others to build their fund on MoatFund protocol.
Investors and Fund Managers.
MoatFund dapp will build a community of Fund Managers and Potential Investors.
Fund Managers will attract more investors if they are performing well and listed on the top of the MoatFund dapp. Investors will have options to invest into different funds or high performing funds.
The fund managers will have no way to manipulate the stats of fund performance as every transaction will be transparently visible on ethereum blockchain. That way, investors can trust the protocol and separate the wheat from the chaff to locate the best managed funds.
Service Integration.
DAI Stable Coin — Using DAI as base currency at MoatFund. It’s sometimes really hard to track the performance of fund due to fluctuating nature of ethereum so a stable coin will really helpful to track the performance of all the funds managed on MoatFund.
DEX Integration —We will keep on integrating as many services to facilitate the wide investment horizon. However, our initial launch will be integarted with Kyber Network.
Resolver Contracts — These are the smart contracts which will be the routed medium to interact with all the smart contracts to move funds in contract to contract fashion from funds in MoatFund. For example, locking ether and taking out loans in DAI.
Wrapping Up.
MoatFund future rollout will leverage our protocol potential to tens of thousands of fund managers globally to manage funds of their clients, friends, family or for even a stranger trustlessly on the blockchain technology.
Our next update will be the launch of Dapp on Testnet and a dead simple process to start your own fund managing protocol on blockchain.
Join our telegram group or follow us on twitter for more updates.
