Singularity Fund — Weekly report #13

Weekly report from August 22 to August 29

Net Asset Value and Performance of the fund

NAV on August 29= $20.16

Performance from August 22 to August 29= 14.08%

Performance from May 31 to August 29= 228.04%

NAV evolution between May 31 and August 29

Fund Composition on August 29

Fund crypto-assets allocation on August 29

Last week, in our Singularity Fund report, we explained that because the Metropolis update of Ethereum was confirmed to be implemented soon, ETH value would probably increase significantly. We therefore outweighed ETH in our allocation, which until now has revealed itself being a good move: ETH is up 19% since last week, and is now getting closer to its ATH of $400 back in June.

BTC 8.08%
ETH 20.98%
BCH 1.40%
WAVES 2.80%
IOT 6.15%
NEO 6.06%
FCT 2.80%
Dmarket 2.49%
ZRX 11.75%
TNT 1.99%
OMG 17.79%
NMR 1.17%
SAN 2.17%
XRL 4.32%
BET 0.53%
NET 1.13%
CVC 3.03%
SNM 0.50%
BNT 0.74%
TKN 3.46%
BCAP 0.64%

Coming ICOs

We are looking at several interesting projects for the next few weeks, like Monetha, Cindicator and Kyber:

Monetha is both a crypto-payments solution built on Ethereum and a decentralised trust system. Here are how the project is described on their own website:

What does it do?
Our decentralised trust and reputation system (DTRS), powered by smart contracts, works flawlessly with Monetha’s payment processor. We let the buyer see trustworthy and transparent reviews made by previous customers.
How does it work?
The information needed to ensure a trustful relationship between buyer and seller (such as warranty) will be recorded onto the blockchain. Smart contracts will automatically amend each party’s trust rating according to an algorithm that assesses the quality of the transaction.
Creating a decentralised commerce of trust
This is revolutionary. Based on the information saved during the transaction, clients and merchants will be able to file/solve a claim, rate each other, view ratings etc. Their history is then recorded onto the immutable Ethereum blockchain so that others can make well-informed commercial decisions.

Cindicator is a hybrid platform mixing Artificial Intelligence and crowd knowledge to generate financial data. Here is how they describe the service:

Cindicator creates the social and technological infrastructure needed to make effective decisions under the conditions of the high uncertainty of the new economy.
By combining a large number of diverse financial analysts and a set of machine-learning models into a single system, we are developing a Hybrid Intelligence infrastructure for the efficient management of investors’ capital in traditional financial and crypto-markets.
The benefits ​​of the Hybrid Intelligence for an ecosystem and community are:
a technological and analytical infrastructure for the efficient and safe management of investors’ capital by investors themselves or licensed managers;
an ability for analysts to monetize their intellectual assets without risking their own funds;
tools and data for making investment decisions under conditions of market uncertainty;
up-to-date analytics of the industry, expectations, opportunities, and market growth points;
indexes and ratings of crypto-assets.

Kyber is a decentralized exchange for crypto assets. It is interesting to note that Vitalik Buterin is one of the advisors of the project. Here is the short description given in the whitepaper:

KyberNetwork, an on-chain protocol which allows instant exchange and conversion of digital assets (e.g. crypto tokens) and cryptocurrencies (e.g. Ether, Bitcoin, ZCash) with high liquidity. KyberNetwork will be the first system that implements several ideal operating properties of an exchange including trustless, decentralized execution, instant trade and high liquidity. Besides serving as an exchange, KyberNetwork also provides payment APIs that will allow Ethereum accounts to easily receive payments from any crypto tokens. As an example, any merchant can now use KyberNetwork APIs to allow users to pay in any crypto tokens, but the merchant will receive payments in Ether (ETH) or other preferred tokens.

Singularity Fund links

NAV (Net Asset Value):