Hi my name is George, Im developing a decentralized fund on Ethereum called Vega Fund. We are new and are looking for people that may be interested in early involvement. We are looking for community feedback and would like this to be an area for people to ask questions. If your interested in talking directly or joining our conversation on slack, please just give me a message and we can talk.
1.What is the purpose of the fund?
2.What will it contain?
3.What will be done with it's contents?
1. There are two main purposes for the fund:
a) To allow individual investors the opportunity to have an impact in the ICO market without having to sacrifice diversity of risk. To expand on this, often times investors in this market don't have enough money to both make a significant impact on the project they're trying to help fund and also diversify their holdings, forcing a choice between impact and diversification.
Using the word ïmpact"here is a little bit vague. What sort of impact are you meaning?
b) To provide a single large funding base for projects and individual developers in this space.
How is the centralisation of this a positive? Surely a distributed funding base is better
2. The holdings of the fund, initially, will be wholly comprised of tokens issued through pre-ICO sale or ICO of Ethereum-based products. In the future, the fund may expand to provide funding for things in the broader cryptocurrency/blockchain markets.
ok
3. This will be up to the clients of the fund, but ideally clients would vote to fund projects at an early stage with the intention of either realizing a return at some point down the road or creating a sustained funding relationship with a certain project.
An interesting experiment, but I don't think it is better. It is easier to turn around a surfboard that an ocean liner.
There are some projects in life where I would see banding together as advantageous, but, for myself, I can't see much of an advantage this time, though I might be missing something certainly.
Mind you I'd be very interested to see how the voting goes in such things if you do get funds. Will it be transparent enough for anyone to see how voting is going on proposals?
The benefit seems to be this
impact, but how is this
impact, going to be advantageous?