MoatFund Updates, Roadmap & DApp Features
We are launching soon!
MoatFund is envisioned to disrupt the conventional fund managing system. This article covers the latest updates, our roadmap, and information about the MoatFund dApp and its features.
First things first.
We, at MoatFund are delighted to have come across this opportunity to have met the team of Kyber Network in Singapore. Not only did we share our experience of building the MoatFund DApp using their liquidity protocol but we also discussed prospective Kyber Integrations. We were also thrilled to meet the team of Sparrow Exchange and share our project with them.
The indirect impact of financial markets and industries on economic performance is extraordinarily important. Regulation is of critical importance in shaping the welfare of economies and society, and that is why we need a transparent, trustable, decentralised and non-traditional mechanism in order to implement transactions and store our money in safe hands.
The blockchain network has seen a massive breakthrough in new protocols lately. These protocols have potential to deliver conventional transfer of value to decentralised wallets and everything in between. Smart contracts connect blockchain to the real world. Smart-contracts are a way for people all across the globe to interact with each other even if they don’t speak the same language or use the same currency.
MoatFund is developed with the concept of shifting all major activities of the Fund Managing Industry-run by smart contracts implemented on Ethereum Blockchain, which is publicly accessible, controlling the entire network of fund managing capabilities.
Roadmap.
— Product Development (Oct-Dec).
This will include upgradation and audits of smart contracts. We will be revamping the UI/UX of the main website for easier comprehension to experience a user-friendly interaction.
— Mainnet Partial Launch by Jan’19.
Users will be able to start funds and manage their own funds, and also be able to redeem. Note, users cannot accept someone else’s funds, they can only manage their own funds. Date to be announced soon.
— Mainnet Full Launch by March’19.
Currently, we’re using Ether as our base currency. For the mainnet launch, we will switch our base currency to DAI stable coin because of it is a USD pegged token, hence known for its stability. Users that are fund managers will be able to start accepting funds from anyone, completely anonymously and globally secure them on smart contracts. Date to be announced soon.
Further details, updates and features, will be asserted through our telegram group or articles. The next section, depicts the MoatFund dApp and its features. Read on to find out more!
MoatFund DApp and Its Features
The MoatFund DApp is built in integration with Kyber Network, providing a decentralised liquidity network for contract to contract trading.
Create Funds.
This feature is specifically for Fund Managers, to create crypto funds. The DApp is designed in an extremely user-friendly manner. It does not matter if you’re a professional fund manager with clients or just a noob who has just begun and want to test skills, it does not matter if you’re investing solo or you’re a group of investors collectively managing funds, base line is; anyone can become a fund manager.
The protocol is developed in such a way to provide a transparent, decentralised and acutely secure system to trade funds. Instead of giving central authority of funds to the fund managers, MoatFund restricts the fund managers from being custodians of the funds, as the funds are easily managed from an immutable smart contract and not their personal accounts. This means that your money is in safe hands even if your funds are managed by someone across the globe.
Invest In Funds.
This feature is particularly for Investors. Investors will start by clicking on the INVEST option, on the DApp. Doing so, will lead you to the Funds page, enlisted with funds managed by their respective fund managers.
It also gives a brief description about the no. of investors investing in a particular fund and the amount of fees the fund manager would charge. After thorough examination of each fund, an investor will have an insight on which fund to invest in and then accordingly invest in the Stable Currency DAI, the base currency of MoatFund operations.
At the end of each month, fund managers will come up with the price of issuance of each unit and update the state of the smart contract.
Redeem Units.
Investors who wish to redeem will lock their units in the funds they want to redeem with. The fund manager will come up with the price of redemption of each units and update the state of smart contract, as per the valuation of the fund, the DAI will be received.
The team will cross-check and duly run the function in contract to burn the units and redeem DAI to the investors (the team will call the function which will automatically ask the users to collect their DAI).
Manage Funds.
Trading funds has gotten a lot easier now.
- Select the fund you want to sell.
- Select a fund you want to trade with.
- Trade.
For instance, you have 5 ETH, and now you want to buy KNC tokens worth 2 ETH.
- Select ETH.
- Select KNC.
- Click on TRADE.
A pop up will appear like the one shown below, where we would insert 2 in the box, as we want to buy KNC tokens worth 2 ETH. Once inserted, with the help of Kyber Swap we will execute the trade.
Once this happens, you will have received 745.03 KNC worth 2 ETH, resulting in a deduction of your ETH, which means you now have 3 ETH.
Seconds later, you will receive a MetaMask notification asking you to confirm your trade. Now, the transaction is successfully sent to the ethereum blockchain network, where it is now immutable.
After confirmation, you can see the updated balance of traded assets in the fund.
Remember: Fund managers can only trade assets in the fund they have created, MoatFund restricts fund managers to hinder with funds they haven’t created.
Once, you have selected a fund you’re interested in, you’ll be redirected in order to further examine the fund and to check if it is worth your investment option.
- ETH Raised: This depicts the collective amount of ether invested by individual investors.
- Units Issued: The value of units per ether times the ETH raised. For example- 5000units/1 ETH, ETH Raised= 5
∴ Units Issued= 5x5000 = 25k. - Fees: These are the fees that the fund manager would charge. The fees are decided by the fund manager while creating the fund.
- Minimum ETH: This is the minimum amount of ether you need to make an investment. This is decided by the fund manager of the fund.
- Investors: These number shows the no. of investors that invested in this fund.
Winding-up
Our financial industry is about to be disrupted by a force bigger than most currently realise, we at MoatFund, are here to disrupt the fund managing industry with a protocol that is transparent, trustable, and decentralised, making it exceptionally easy to manage funds. Everything will connect like never before.
Stay tuned for further updates and more exciting and user-friendly features.
Get in touch with us!
We’re forever open to feedback, questions or queries related to MoatFund or Cryptocurrency in general. Let’s talk!
Main website: moat.fund.
DApp (Testnet): dapp.moat.fund.
Telegram: Click here to join.
Tweet us: @moatfund.
Articles: Click to read.
FAQs: Click to get answers.
