TensorBox Initial Token Offering Details (Oct 2nd, 2017)
Who we are and what we do
We are a group of “quants” with an academic background in Numerical Methods, Computational Mathematics, Game Theory and hands-on experience in High-Frequency Trading and Machine Learning. Our interest was in exploring opportunities in cryptocurrency markets, with the goal of exploiting various market inefficiencies to generate steady absolute returns (not correlated with market movements) with low volatility or simply put, steady profit without major drawdowns. We have already developed and tested a set of automated trading algorithms and have run them on the real exchanges. We have a fast and reliable infrastructure to execute our algorithms. Our current returns are over 25% per month.
More information can be found on our website: http://www.TensorBox.com (in Japanese: http://www.TensorBox.com/jp ; in Korean: http://www.TensorBox.com/kr )
Our Edge:
- Combination of statistical arbitrage strategies and market-making strategies with extremely low holding periods that deliver absolute returns that are unaffected by market direction
- Our cutting-edge geographically distributed IT infrastructure monitors market anomalies and shifts in statistical patterns with microsecond delays
- Lightning-fast order execution
- Proprietary risk management models and optimal capital allocation are the core of our trading methodology
- Quantitative alpha models that generate trading signals based on statistical machine-learning and numerical optimization methods
- Order execution models based on optimal stochastic control and reinforcement learning
Examples of our trading strategies
Description of our trading system
Details of ITO-1
Crowdfunding starts: Oct 02nd 2017
Crowdfunding ends: Oct 16th, 2017 or until the maximum cap is reached
Maximum cap: $0.5 mln
Minimum cap: $0.2 mln
Currency accepted: ETH and BTC
Token price: 1 TBX = 1 USD
Bonuses: Early Bird Promotion: during the first 24hrs tokens will be sold at 20% discount to our subscribers (only first 100 k tokens). Pre-registration is required. See below. There will be no other bonuses or bounties
Token distribution process: tokens will be distributed after the end of crowdfunding, a number of tokens received by crowdfunding participant will be calculated by the following formula:
Number of Tokens = “contribution in ETH” * “ETH to USD exchange rate” * (1 + “bonuses”),
where “ETH to USD exchange” is the exchange rate on Bitfinex at the end of crowdfunding. Same formula applies for BTC
No more tokens will be issued after that point.
If the minimum cap is not reached, all the contributions will be refunded.
The collected sum will be used for:
- further project development ($100k or 20% if the Max Cap is reached)
- forming a trading pool (up to $400k or 80% of collected funds is the Max Cap is reached).
Each TBX token holder has the right to:
- their share of trading profit: every month 20% management fee will be taken from the net profit (using the high watermark principle); 50% of the trading profit will be distributed to token holders in ETH; 30% remain undistributed to grow the trading pool (to gain compounding interest in future)
- withdraw any amount up to their total share of the trading pool by sending us TBX tokens once a month after 6 months from the end of ITO-1.
- receive 30% of profit earned by Tensor Box (from 20% management fee) as monthly coupon payments, until the total sum covers $150k ($100k taken for the further project development + $50k premium)
The token value will be updated weekly, based on our trading performance:
- total US$ amount of funds in the trading pool will be published weekly;
- total number of issued tokens remains constant;
- value of 1 token= (total US$ amount of funds in the trading pool)/(total number of tokens issued)
In 1Q 2018 we are planning to run ITO-2: new tokens will be issued under the new terms: Tensor Box is collecting 2% of the initial deposit as a management fee + 30% of net profit as a performance fee.
Early Bird Token Pre-Sale
To participate in this promotion you need to fill in a web form: https://goo.gl/forms/o1VjWQRQ2d4uAr3V2 (also posted on our Facebook page). You will need to enter the amount of ETH or BTC (or both) you’re willing to invest on Oct 2nd, 2017 and your email. That amount will be reserved for you for 24 hours, starting at 3 am UTC Oct 2nd, 2017 and you will have to send that amount during that time to our wallet (will be announced later) to qualify for 20% extra tokens. Tokens will be distributed after Oct 16h 2017.
Our team:
Georgy Bulygin, MSc in Applied Mathematics and Physics. Specializing in Numerical Methods and Computational Mathematics, he has been working for 6 years at the Moscow Institute of Physics and Technology. Then he became fascinated with the world of HFT (High-Frequency Trading) and joined a boutique firm as a quant developer. As a founder of TensorBox, he’s responsible for the core trading strategies.
Vadim Kuchinskiy, MSc in Applied Mathematics and Physics at MIPT, M.Sc. in Economics at NES. Investor in FinTech, ex-director & FX-trader at ING London
Dmitry Shalagin, MSc in Applied Mathematics and Physics at MIPT, M.Sc. in Economics. Specializing in investments and management of high-technology startups. He has been working in management consulting for 4 years. Then he was responsible for due diligence at “Skolkovo” Foundation and closed 40+ deals with overall financing of $80 million. Later, he became a partner at “Phystech Ventures” , an early-stage venture capital firm. During the last 3 years, he has been carrying out arbitrage deals with fiat-currencies, ROI — 70%+ per year. Nowadays, Dmitry is co-founder & investor in e-commerce, insurance and fintech industries. As a co-founder of TensorBox, he’s involved in business development and fundraising processes.
Rinat Yaminov, PhD in Applied Mathematics and Physics. Specializing in Game Theory and Computational Mathematics. More than 10 years of experience at Dorodnicyn Computing Centre of the Russian Academy of Science. He developed an automated trading system for a boutique fund in the USA. He worked in an investment department, was responsible for the risk and strategic analysis of projects, and managed a total portfolio of more than $3 billion. As a co-founder of TensorBox, he’s responsible for the risk and portfolio management part of the strategy.
