symmetry fund ICO

Cryptocurrencies like Bitcoin, Ethereum, Ripple, Dash and Litecoin are disrupting how currencies are distributed and held every day. With cryptocurrencies still in the early stages of adoption, it can be difficult for people to understand how to obtain, hold, and trade these currencies on their own.

Growing interest from investors about cryptocurrencies is making the possibility of investing in a fund that trades cryptocurrencies extremely appealing. With the ability to invest at a variety of levels, securely store funds, and have input into how a cryptocurrency investment fund is managed, Symmetry Fund (SYMM) is offering investors the opportunity to gain exposure to the cryptocurrency market without the complexities of personally trading it themselves.

As in investor in SYMM, you will enter a managed fund that allows you to take part in the moves of the cryptocurrency exchange without the effort and significant capital investment that would otherwise be required when trading individually.

Offering a diversified portfolio with market cap above $1B, SYMM has a minimum average volume of $100M in each cryptocurrency it trades including Bitcoin, Ethereum, Dash, Lite Coin and Ripple.

SYMM is specifically designed for trading cryptocurrencies and investing in early stage Initial Coin Offerings (ICOs). The fund offers many of the same advantages and protections of a managed mutual fund while providing its investors exposure to the cryptocurrency market.

About Symmetry Fund (SYMM)

Part of the Ethereum (ETH) blockchain, SYMM is an ERC20-compliant smart contract. The fund pays monthly dividends in ETH.

A single share in the investment fund represents one SYMM token. The investment fund trades and invests in ICOs for cryptocurrencies including Bitcoin, Ethereum, Ripple, Dash and Litecoin. Shareholders will have the ability to trade their tokens with peers based on market rates. This will allow shareholders to cash-out as the fund value increases over time, in conjunction with receiving a monthly ETH dividend.

To ensure the whole fund isn’t exposed at any time, SYMM will always hold a percentage of funds in a prudent reserve. Further risk mitigation will also be provided by applying weighted currency and signal risks to each currency in the SYMM investment portfolio (BTC, ETH, XRP, DASH and LTC).

When not in a trade, SYMM’s funds will be kept in fiat currencies (USD/EUR) so that the funds are not exposed to the volatility of blockchain assets. Keeping the fund’s exposure to blockchain assets to a minimum reduces the impact that large fluctuations in the value of cryptocurrencies may have on SYMM’s capital value.

To monitor the current reserves of the fund and the fund’s value, a self-certification system is included so shareholders can monitor their investment at any time. The fund’s self-certification will occur daily while monthly external audits will be conducted by the Big Four accounting firms.

Performing daily selfcertification of funds in conjunction with monthly external audits will ensure transparency and trust between SYMM fund managers and shareholders. Ensuring that investors will have input in the direction of SYMM is also an important part of the fund’s methodology and objectives.

Shareholders will be able to vote on any decisions that affect the future direction of SYMM. Shareholder votes will occur on changes and developments such as proportion of the funds invested in ICOs and deciding which pairs will be traded.

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 121 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

"Therearenodiscounts availableonpre-ICO,pre-sale orduringpublic sale. Thepricefor 1 SYMM remains the same - @0.1 ETH"

There will be at least two rounds of the ICO:
1. Round One starts on December 10th, 2017, and continues until February 10th, 2018.

2. Round Two starts on February 11th, 2018, and continues until April 10th, 2018.

There will be 2 classes of shares: Round One – the same management fee, only Class A shares available

Round One – the same management fee, only Class A shares available.

Round Two – different management fee for shares Class A and Class B

Moving from ICO to the Trading Phase

The rounds of ICO will close manually at the end of the relevant period of the ICO round. The ICO 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.

As the funds are being withdrawn from the contracts and exchanged to fiat currencies, the fund’s balances will be published and announced on the blockchain. Trading will commence as soon as initial withdrawals have been made from the contracts. SYMM has a long-term vision and interest in the stability of cryptocurrencies and will not partake in any activities that could jeopardize the longevity and future growth of cryptocurrencies.

The starting value of the SYMM fund will be the USD-equivalent of the exchange rates of Ethereum withdrawn from the fund when the ICO closes. The fund will move into the trading phase when the ICO has been successfully completed.

In the trading phase, SYMM will be transferred between investors, dividend payments will occur and contract audits will take place utilizing the token contract. The SYMM ICO opens on December 10th, 2017, and closes on April 10th, 2018. You will need Ethereum to invest in SYMM Tokens.

Summary of the SYMM ICO

One SYMM share is equal to one ERC-20 compliant token.
The initial duration of the ICO is 121 days from December 10th, 2017, to April 10th, 2018.
During the ICO, 1 SYMM share will cost 0.1 ETH.
The ICO Soft Cap is 3,000 ETH. ☑ There is no Hard Cap for the ICO.
Trades in BTC, LTC, DASH, ETH and XRP will be conducted using 70% of the fund’s capital.
20% of the fund will invest in high potential ICOs. SYMM will secure a deep discount (up to 50%) on ICOs that have not yet been released for public sale.
10% of the fund will be held by the fund in a reserve to ensure that the whole fund is never exposed at any point in time.
50% of monthly trading profits will be paid in dividends to investors each month. Dividends will be paid in ETH.
50% of monthly trading profits will be held for compounding growth.
To reduce risk and ensure stability of the fund’s value, SYMM funds will be held in USD and EUR.
Risk mitigation strategies will be established.
Management fees will not be charged if there are no profits.
Based on Symmetry scenarios and fund projection, the estimated annual ROI for SYMM investors is expected to be more than 50%.
All shareholders will have the opportunity to vote on major fund decisions, further fostering trust and transparency between the fund and its shareholders.
All trades that SYMM execute will be detailed on the relevant exchanges.
Funds held by SYMM will be subject to external auditing each month.
Accounts balances and SYMM fund value will be reported to shareholders daily.
Until SYMM is listed on major exchanges, all shareholders will have the ability to sell their investment for instant liquidity.

"New coins are usually listed on exchanges and secure sufficient liquidity in 1 to 3 months. Investors will have a buyback option during this period, or until SYMM is listed on one of the biggest exchanges".

The Trading Phase

After the ICO successfully closes and funds are withdrawn from the ICO, the trading phase will commence. The trading phase will continue indefinitely with changes in trading activities such as pairs traded and fund allocation to be voted on by shareholders.

At the commencement of the trading phase, the capital value of SYMM will come from 90% of the capital raised in the ICO. This capital will be converted into fiat currencies and quoted in USD. Operating and management costs will be covered with the remaining 10% of the funds raised in the ICO.

Over the course of trading, operation and management costs will be returned to investors. A management fee will not be charged to SYMM investors until this 10% operation and management allocation is paid back.

SYMM’s capital will be split into 3 components :

Dividends

When SYMM makes a monthly profit, dividends will be paid to shareholders in ETH via a smart contract on the 3rd day of the month. Dividends will be immediately available to SYMM investors when the payment is sent to the dividend contract.

Investors can then withdraw funds at a time of their choosing. Profits are determined by subtracting the amount the fund was worth at the end of the previous month from what the fund is worth at the start of the current month, less management fees if applicable, No management fees will be charged when there is no profit.

Management fees are (i) 7.5% of profit for Class A and Class B shares bought during the first round of ICO, and (ii) 7.5% of profit for Class A shares and 15% of profit for Class B shares bought during the second round of ICO. Management fees will not commence until the 10% of operating costs subtracted from the ICO is repaid to investors.

Example

If SYMM makes $100,000 profit this month, SYMM would deduct the Class A and Class B fee accordingly.

Let’s assume $60,000 is subject to 7.5% fee of $4,500 and $40,000 is subject to 15% fee of $6,000.

$60,000 - $4,500 = $55,500 Class A profit.

$40,000 - $6,000 = $34,000 Class B profit

$55,500 + $34,000 = $89,500 total fund profit

$89,500/2 = $44,750

$44,750 to be compounded

From the total amount of monthly profit, 50% will be held in the fund for compounding growth, while the other 50% will be distributed to investors. This will provide shareholder value in the form of regular dividend payments and compounding growth of your investment.

"The percentage of profit to be held and compounded

is subject to shareholder voting every3months".

Technology

As a technology company, SYMM offers individuals the opportunity to gain exposure to the cryptocurrency market without the complexities of managing their own trades and associated technology. Embedded in the ETH blockchain, SYMM is an ERC20-compliant token. It is embedded in the ETH blockchain as a smart contract.

Other financial functions of SYMM will also be supported by contracts on the blockchain including management of the ICO, dividend payments, transparency measures, and voting. There are several smart contracts that will operate throughout different phases in the SYMM fund from the ICO phase to the trading phase.

These contracts deal with different parts of the fund. For example, when an investor purchases SYMM shares in exchange for tokens in the ICO phase, the contracts will execute the action of providing SYMM shares in exchange for tokens. If the ICO phase does not meet its minimum investment requirement, the smart contracts can be used to wind down the ICO and return funds to investors.

If, however, the ICO is successful, a smart contract will be used to commence trading by withdrawing ETH from the blockchain.

Trust and Risk Mitigation

Trust and risk concerns are natural for investors to have when new offerings hit the market. With cryptocurrencies and blockchain, however, increased trust and risk concerns can arise as a result of the additional anonymity and privacy provided by blockchain technologies.

SYMM understands investors may have trust and risk concerns so the fund is addressing these concerns by establishing risk mitigation measures. This will ensure that risk is managed by the fund while delivering transparency and value to shareholders.

The SYMM fund is for shareholders and it invites any suggestions for further transparency measures that will continue to foster trust and strong relationships with our shareholders.

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 cryptocurrencies.

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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