Ninjastic
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Board Service Announcements (Altcoins)
Re: 📈SociumTrade 📉 – Social Trading & Investment Platform
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SociumTrade
on 03/10/2018, 20:34:36 UTC
Quote from: Gerard Levi on October 03, 2018, 08:27:08 PM
Quote from: SociumTrade on September 24, 2018, 06:05:30 PM
Quote from: Digitalizm on September 23, 2018, 02:15:27 PM

I was about to ask the same, is there gonna be any restrictions for traders or investors? Im sure there will be a KYC procedure. Is KYC will be a must for Investors?

I like the idea of Pools  - would like to know more on how to join investment pool, as well as will it be possible to organize own?
The Core will be primed with advanced “know-your-customer” (KYC) and anti-money-laundering (AML) services. A lot of effort is being been put into safeguarding the system against potential external threats and avoiding legal grey areas. User data will be stored securely and in accordance with international standards such as the EU’s General Data Protection Regulation.

Investment pool can be open or closed, with open pools accepting unsolicited applications, and membership in closed pools available only by invitation. When an investor receives an invitation to join an investment pool, he receives the terms and bylaws of that investment pool, as well. Those terms govern investment rules, profit sharing, and fee structures associated with the investment pool. Unlike trading consortiums, in investment pools the founder can charge a management fee for the services he or she provides. An investor must accept the terms of the investment pool in order to join it. Yes, you will be able to organize your own pools, say a "family pool", for instance.

We are represented here as the family and trading crypto together with wife, how does an investment pool works? If we would want to combine our investments, can we find other investors to join our pool? Will be that possible on the SociumTrade platform or we need to find beside the platform?

You are welcome to be a part of SociumTrade family! An investment pool allows multiple investors to aggregate their resources and enter the marketplace as a single entity. An investment pool is managed by a single investor who is responsible for resource allocation of the pooled capital. Each investment pool is governed by rules agreed upon by participants and stored on and enforced by a smart contract. If you have a different portfolios and acting as different traders, you may join into closed investment pool and allocate your funds, and attract other investors who have profiles registered on SociumTrade platform. Investment pools act like individual investors. The pool invests capital as a single entity and signs agreements as an entity. Fees and profits are transferred to and from the pool’s wallet. Users can view the performance history and trader allocations of the investment pool.