Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] Smart Investment Fund Token (SIFT) - Blockchain Trading Fund
by
SmartIFT
on 05/08/2017, 22:34:16 UTC
There are so many red flag about this project,
1. 10 years of experience working with what company and where
2. Month dividends! How are you going to make this possible
3. The dividedns payment will make the value of the tokens to go south because no US exchange will list this on their exchange

1. The product is called Smart Trader, originally known as Pipbuilders.  There's a very large thread on ForexFactory that details this from 2009 onward - from its early beginnings to a commercial product.  Feel free to read through it to get a sense of the product, customer and feels as the product has grown over time: https://www.forexfactory.com/showthread.php?t=157629

2. Only in profitable months, no fee when month itself isn't profitable.  An averaged return of 4% per month is viable based on our algorithms and past trading history.  We've been sharing trades over the last week as they happen in our Telegram room - calling them out as soon as spotted and follow to close.  The dividends only take half of the profits each month which means the rest is still invested to grow the fund.

3. No US exchange - yes.  This leaves a few options - the obvious being non-US exchanges.  We don't really want to get involved in day to day trading (as we don't want to market-make our own token) but we have developed a smart contract to act as an exchange for SIFT holders to buy/sell and use the contract itself to escrow the trades.  If this does become a significant problem the fund is ultimately backed and stored in fiat.  If we are being told by investors that this becomes a significant issue in the future we would propose a vote for a decision on whether to continue the fund as is or to vote to wind-down trading operation and cash out payment (we could exchange funds into ETH, or other as decided by SIFT-holders).  As we've said in answer to other questions we're happy to carry this fund on indefinitely but if a majority of holders want us to wind down operations gracefully we would.  This isn't throwing money at us for a product that doesn't exist to trade on revenues that don't exist - it's trading with funds held in trading accounts and regularly audited.  That means the funds are there to back the value of them regardless of listing on US exchanges.