Re: [ANN] BLUE MAGIC Capital: Blockchain investing firm (hedge funds in ICONOMI)
Hi Frank
Two questions:
1. Are all your funds going to be index-based funds, meaning are you going to include only existing cryptocoins/app tokens?
2. How often you plan to change the funds structure and weights?
If you are from the USA, you may want to check Iconomi terms of use
https://iconomi.net/terms-of-use
Two questions:
1. Are all your funds going to be index-based funds, meaning are you going to include only existing cryptocoins/app tokens?
2. How often you plan to change the funds structure and weights?
If you are from the USA, you may want to check Iconomi terms of use
https://iconomi.net/terms-of-use
Hi Daparski,
1. My biggest desire is to be able to create open-ended funds (index-based), meaning that every investor can get in & out more or less when he wants (liquidity in crypto is not big enough, so a 2-3 day liquidity period would be OK). Most of coins/tokens included will be those who are already in the market and have decent volumes. It is also a possibility to invest in some ICO if it's really good, but most of portfolios will be composed by already existing and traded coins/assets.
2. It depends on the fund. Retirement fund won't change very often (1month-2months maybe). Dynamic fund will change often (every week-2weeks), depending on the market conditions and extreme fund too. Even with that, I'm not a daytrader and my style is to buy and hold good coins at good prices, so there won't be any dramatical changes in the compositions of the portfolios, it will be very gradual.
I'm from Spain, no problems with USA regulation
Are you involved with Iconomi?