Bitcoin Forum

Background
    Fund management company, SYMM, is launching a new cryptocurrency investment fund, offering a completely new type of commission structure to investors looking for a safe and easy way to invest in cryptocurrencies.
From November 30th, for 60 days (closes January 30th 2018), the Symmetry Fund (http://www.symmetry.fund) ICO offers investors the unique opportunity to gain a stake in a cryptocurrency fund offering a monthly dividend, as well as an easy cash-out option

What Makes The Symmetry Fund Different?
    The fund’s capital will be split into two main components: 70% cryptocurrency trading and 20% ICO investments, with the remaining 10% forming a reserve fund. By diversifying the investment into a range of cryptocurrencies, including Bitcoin, Ethereum, Dash, Lite Coin and Ripple, the Symmetry Fund offers a diversified portfolio for those looking for the safety of a traditional managed mutual fund, but with all the upside of the a lucrative cryptocurrency ICO.
Uniquely, the Symmetry fund pays monthly dividends equivalent to 50% of trading profits in ETH, yet investors can also avail of a buyback option and cash out by selling their SYMM tokens at market rates at any point.
 
Features and benefits
•   Full transparency on profits/losses and dividends, including daily reports to investors
•   External audits conducted monthly by ‘big four’ firm
•   10% reserve fund kept in flat currencies (US$/€) to mitigate risk
•   50% of profits distributed as a monthly dividend with the remainder re-invested
•   Level of dividend subject to a token holder vote every three months
•   Tokens will be offered initially at 0.1 ETH per share (payable in Ethereum)*
•   No limit on number of purchases throughout the ICO
•   Management fees charged only on profits at 7.5% (investments over 100 ETH) and 15% (investments under 100 ETH)
•   ERC20-compliant Smart Contract

Key personnel
•   Andrew Lewin, David Steiner, Markus Kohn – all with extensive experience running funds at the biggest financial institutions

Interested?
    Based on preliminary projections, the fund managers estimate ROI to be in the region of 50% annually. To claim your stake in this unique and potentially highly lucrative ICO, visit www.symmetry.fund where you can also download our white paper with all the information you need to know about this exciting new way to invest in cryptocurrency.

*Please note that the Symmetry fund is not available to US investors4

*SYMM is postponing the ICO due to technical formalities until December 10th.

Crypto fund project with monthly dividend this sounds awesome where I can find the details about this project website have no link to whitepaper and no outline how this should work?

Thank you for your interest in Symmetry Fund! The website goes live in a couple of days. Whitepaper is being finalized and should be ready on the 30th. I want to emphasize that there are no discounts, no Pre-ICO or any other bonuses due to the structure of the fund. Price remains the same during the whole ICO period. Buyback option is available until we hit major exchanges. So no worries, you will have time to do your due diligence and invest in something unique!

looks very intersting, but how to prove your ability, to guarantee the returns and lower risk demand of the investor

We can't guarantee returns, however based on Symmetry scenarios and fund projection, the estimated annual ROI for SYMM investors is expected to be more than 50%. While it may sound very little
to current market performance, these are healthy and realistic numbers. We are going to have token-holders voting on fund trading strategy every 3-6 month. I invite you to read our whitepaper, once published!

what are you doing for promotion? is there a kind of bounty for twitter, facebook or bitcointalk campaign?

its important to spread out the word so the world knows you  8)

Please send me a message on Telegram @andrewuk1

Guys, I invite you to read our CEO's interview for better understanding how SYMM works : https://www.investitin.com/symmetry-fund/

if you are not going to raise the capital needed, you could apply for iconomi funds management. you have there a platform and all the tools needed. Or do I miss something.

best regards

Crypto-currencies have increased risks now in comparison with trading in fiat currencies. I think that the time of such an investment fund hasn’t come yet, so it won’t be able to show its best results.

You know the risks are great to that extent in which traders approach their mitigation when trading any currencies. This is worked out perfectly in SYMM, so investors have nothing to worry about, they will receive a stable income and enjoy life.

It's really interesting, and how will SYMM deal with higher risks?

*SYMM is postponing the ICO due to technical formalities until December 10th.
and now is december 12, 2017 depends in the OP is the ICO already begin or will be postponing again ?

Well, in fact, quite easy). Weighted currencies and signals to each currency in the Symmetry investment portfolio (BTC, ETH, XRP, DASH and LTC) will be applied in order to mitigate risks.

Greetings to all of you. It’s a very good approach to mitigation of risks, I like it. And how does the company plan to protect from high market volatility its crypto assets which are not involved in trading at the moment? In my opinion, it’s is a very relevant issue.

im already reading a lot of post here, for me, your project is try offer something different but its to highly risk, but, im still believe you have a great plan on this.

It's great that you made a system of voting for shareholders to make any decisions. Tell me, will the number of tokens obtained by investors somehow influence the number of their votes in these voting?

Does anyone know the price of one coin?

 I don’t see any transparency in this investment fund’s operating. If I were an investor, I’d like to take a full control over the operating of the investment fund and its quality. I think companies should think about it, otherwise they won’t attract enough investors.

Greetings. If I recall right, one SYMM coin will cost 0.1 Eth.

This offer of getting dividends on monthly basis is going to be picked up by many. This is just announcement and more information is yet to come in updates mode in coming days. It has successfully achieved the first target of soft cap already that will make it attractive for investors now.

Only experienced specialists work in the SYMM team and they perfectly understand that the transparency of the investment fund is very important for every investor even due to their own experience. That's why there will be self-certification held every day, and an external audit conducted by accounting firms once a month.

Well, it looks better now)) And which accounting firms will conduct audit? I’d really like to be sure of their competence.

Hi there. The audit check will be held by the “Great Four” companies, so you can be sure of them.

Hah, frankly speaking, this info isn’t an indicator of anything for me))   Can you list the certain names of accounting firms that will conduct an external audit of SYMM monthly? I just search for info about them on the Internet to make sure they are competent.

[/quote]
Greetings to all of you. It’s a very good approach to mitigation of risks, I like it. And how does the company plan to protect from high market volatility its crypto assets which are not involved in trading at the moment? In my opinion, it’s is a very relevant issue.
[/quote]

• trading in regular market hours;
• holding funds in fiat currencies when not engaged in a trade;
• the use of proprietary signals;

It's a well-explained project, but really how do you plan to attract customers? If the market is solitary, most investors are solitary hunters in search of success and like to take their own actions and investments.

Hello everyone! Does anyone know when the Symmetry sale will start?

Good afternoon. The sale started on 30 November. It will last exactly 60 days and end on January 30, 2018.

I'm wondering if the fund's organizers plan to put in reserve some part of the funds collected during the ICO?

Yes, they gonna do it to reduce risks in the future. The company will reserve 10% of the cash collected.

Hi everyone. Did I correctly understand that SYMM is an investment fund?

Hello. I’ve read that your fund will pay off dividends in ETH. And do you plan to add any other crypto currencies or fiat currencies for paying dividend in the future?

If you position coin buyers as full-fledged shareholders of the fund, will they somehow participate in the development of the fund?

Dividends are paid on the 3rd of each calendar month, through our Dividend contract (already deployed) in ETH only.

Does this project have ICO soft cap?

I’ve just read about the soft cap. What about the hard cap?

 I think every investment fund should have a strategy when it comes to risks. But I didn't find any information about it on Symmetry website!!! This is the base of successful trading. How can I invest my money to the project that doesn't care about the risks. This is horrible!

if you are talking about Symmetry hard cap during ICO then just so you know we are not going to have one.

Full information is posted in white paper. There’s a detailed description of risks strategy. When SYMM funds are not used in trading they are going to be kept in fiat currency.

hmmm… can you tell me how this works?

Could be interesting...some more infos please! Any bounties or airdrop?

well… SYMM funds are exchanged to crypto-currency when they are used in trading but when they are not they are going to be exchanged to fiat in order to protect SYMM from high state of flux of crypto-currencies.

Greetings! Yes the soft cap of this project is 3000 ETH.

this is a very interesting way to minimize risks. But aren't you going to lose money on commissions and fees during the exchange?

Good Day! Does anyone know the amount of money the developers are planning to spend on retail?

I’ve read the description of your project and it is said that you all planning to minimize risks due to diversification of investments between different exchanges. Do you already know the number of exchanges you're planning to use in trading?

Does anyone know Symmetry fund specialists are planning to do business on weekends and you and holidays in OTC-market?

Do you have any plans for airdrop?

 Hello everyone. Does anyone know how many trading strategies are going to be used by SYMM traders?

I wonder how much money you need to get during ICO so you can influence market directions?))

Current market conditions are perfect for a mixed fundamental-momentum investing strategy. As all our team is coming from traditional financial vehicles, the Quantitative Method will be employed. The team will use statistical analysis and models for forecasts, as well as analytic tools, such as time series modeling to tackle rapidly developing cryptocurrency markets and develop financial strategies based on algorithmic trading and statistical arbitrage.

Each shareholder of the fund must receive some dividends. I saw that there will be some in Symmetry, but there’s simply no information on how and at what frequency they will be paid off. The organizers of the fund chose not the best way to attract investors.

All this information does exist and there’s more than enough of it. If you’re interested in the way the dividends will be paid off, ok, I’ll tell you – the will be paid with ETH via a smart contract. If you’re interested in periodicity - the payment of dividends will be made monthly on the third day of the month, if the fund has a profit.

Well, now I got it, thank you for your answers. By the way, how will the organizers of the fund calculate profits?

It’s easy: the value of the fund at the end of the previous month and the management fee are deducted from the value of the fund at the beginning of the current month. A half of the sum received will be spent on dividends.

Hi. Tell me, will the management fee be fixed?

I'm wondering what is project‘s hard cap and what happens if it is collected before the end of the ICO?

Yes, it will be fixed. It’s 7.5% for Class A shares and 15% for Class B shares. You should notice that the fund won’t charge management fees until 10% of funds collected during ICO and spent on operating expenses are paid to investors.

Well, it’s clear. But now I’m wondering, how can I buy class A shares, so that a smaller amount for management was deducted from my dividends?

There won’t be any hard cap for the project ‘cause an unlimited number of coins has been issued. So the sale can’t be over before the scheduled time.

Good afternoon. What crypto-currencies will the fund trade during the first time after the launch? I hope the list will be expanded in the future.

Hi everyone. Tell me, will the shareholders of the fund be able to vote for which assets the fund should uses, and it shouldn’t? How will this vote be carried out, if it’s not a secret?

It's really interesting. May I ask how will SYMM deal with higher risks and what are the potential problems?

Tell me, will the company always spend only half of the profit on paying dividends? It’d be nice if the sum became bigger in the future))

50% being compounded (reinvested) for the fund NAV to grow, better for all investors! It is however subject to tokenholders voting every 6 months. This number may decrease or increase.

As far as I understand, if the fund has no profit, there won’t be any dividend payments, right? Will unpaid dividends be postponed for another month in case of losses of the fund?

Hello. Tell me please, what amount of coins did the Symmetry fund issue?

Greetings. You’ll be surprised, but the fund issued an unlimited number of coins. It means that any quantity can be sold on the ICO.

All in all, it’s a very doubtful investment fund. Investors won’t be aware of what is happening. And if any global changes take place, they won’t even be able to influence them. That’s why I consider Symmetry to be a dubious direction for investing funds.

You shouldn’t doubt so much, because the operation of the fund will be as transparent as it is possible for each investor. I’ll tell you even more, the organizers of the fund will make no decision without the approval of investors!

It looks pretty good “on paper”, but what about specific guarantees?

The basis of transparency is the Symmetry voting system. Each action related to a change in the fund, a decrease or increase in the volume of trade and etc., will undergo an investors’ voting. This is what guarantees the maximum transparency of the fund's operation!

If the organizers of the fund want to influence the results of voting, can they do it?

Of course, they can’t! After all, blockchain-technology will be a base of this system of voting, it excludes the possibility of hacking and changing the voting results.

Hi everyone. Do the fund organizers plan to create anything like reserve after the ICO?

Symmetry will create a reserve fund in order to reduce the risks, 10% of the funds collected during the sale will be placed there.
   

Tell me please, can investor refuse participation in voting if he doesn’t want to?

Does it mean that you can achieve spending 100% of the profit on dividend payment by voting? Or are there any limits in this regard?

Hello. Can I buy tokens for 1 ETH?

Yes, of course! The minimum purchase is 1 coin, it costs 0.1 ETH.

I’ve read that there will be several types of smart contracts used in Symmetry. What are these kinds and how do they differ from each other?

Is it true that each token costs 0.1 eth or $70 almost?? If true i think it is not wise to keep this price during ico, secondly, do you think you are competitor for taas fund or you are totally different? What benefits you offer to investors other than what taas provides?

Voting based on blockchain technology excludes the possibility of fraudulent results, am I right? It will be great for transparency of the operation of the entire fund!

I would like to know that also...what is difference between this types?

Yes, it costs 0.1 ETH, but keep in mind that we don't have any discounts like other ICO's, due to NAV price protection and the price is in ETH, so you don't lose money if the exchange rate fluctuates. We do have similarity, however our biggest advantage is buyback option. You can cash out at anytime and the amount isn't fixed in dollars, but ETH, so you wouldn't lose ETH or Dollar equivalent.

All contracts are published in Github for you to review : The most important are - ICO Management (collecting funds etc), Dividend Manager (dividend distribution) and Voting Management (all future tokenholder voting)

I believe that reducing the risks is important for any investment fund. Unfortunately, I quckly looked through the description of the project and haven’t found anything on this subject. Perhaps, anyone will tell me about reducing risks in Symmetry, if it is provided by the organizers of the fund, of course?

Of course it is, otherwise trading doesn’t make any sense. As for Symmetry, they consider high volatility to be the maim risk in crypto-currency market, that’s why the means which are not used in trading will be converted to fiat money.

Well, such an approach is correct, as it seems. Where will fiat means be stored?

If the funds will be withdrawn for short periods of time, fiat means will remain on the exchange on order to ensure opportunity of their fast conversion to crypto-currencies and turning them back into trading. If the organizers decide to withdraw some part of money for a long time, they’ll be stored on bank accounts.

Once I’ve been working with a broker who has worked only for three months  and stopped working in one month and a half, so all the traders’ means were lost. That’s why I believe that trading should be carried out only with proved companies. How will it be performed in  Symmetry?

Yeah, you’re absolutely right, it’s a pity that you had such a bad experience(( As for Symmetry, the fund is going to cooperate only with licensed brokers whish can prove having their reserve anytime.

Do you know, is there already an exact list of brokers with which the fund will cooperate?

As far as I understand, the Symmetry fund’s shares are tokens, so it’ll be possible to sell them on different exchanges. I’m wondering if the developers already decided on which exchanges it will be possible to do.

Good day, my friends! What will happen if the company doesn’t manage to collect the soft cap during the ICO?

In this case all the funds will be returned to investors.

Hi everybody. Tell me, how long is it before the end of the sale?

Hello. The sale will end only on January, 30, so there’re lots of days left before its termination.

i think this project looking interesting, how long will this project run?
how can i know about the details this project because i'm do not see link website in here and road map.

I like the projects which pay dividends to investors immediately, you feel as you’re a part of a company! Bu the way, how often will the organizers of the fund pay their shareholders the dividends?

Comrades, tell me please, how many times can I vote in one voting if I have, let’s say, 1000 coins?

I’m wondering if the brokers of this fund will use leverage? I’d like to learn about the situations in which it will be used.

We have raised over 65 BTC in Pre-ICO. We are doing Round 1 right now. The website is being updated with more details such as Roadmap etc. You can visit us at http://www.symmety.fund for current version.

Please read our CEO's interview for trading details : https://www.investitin.com/symmetry-fund/

Do you have a roadmap already?

Hello! I’ve learned a lot about all kinds of funds, I’ve heard a lot about their crashes and leakage of depositors’ data... the problem of risks and trust will be solved How in this project? After all, nothing still can keep these data confidential.

Hello!) It seems you had only a negative experience. Now SYMM uses blockchain technology to preserve anonymity and confidentiality. This is the main idea of managing the fund's risks in terms of transparency for shareholders and value!

Only blockchain itself? What about something else? More understandable for conservative investors)

The fund is created for shareholders and accepts any offers for further increase of transparency, building confidence and relations. The project’s team is constantly working on risk reduction strategies.

And is it planned to do anything with the crypto-currency itself in terms of preservation? I'm looking at rates and I’m a little worried about the sustainability of such companies))

The measures to reduce the risk of volatility are used in terms of these specifics of the market, when funds store means in currencies out of trading. And fiat currency will be stored on bank accounts. The platform uses for trading only known exchanges with confirmed liquidity reserves!

That's constructive! Thank you. Does the service use the opportunities of leverage for trading?

Which exchanges are you planning to enter with coins after the ICO project?

The platform itself uses only established exchanges, so, I believe, the answer to your question is - Kracken, Bitstamp, Poloniex

hitBTC is good, in my opinion. It has ICO section so more easy for trading after the ICO end.

Hi everyone! I’ve learned that if ICO fails, which is very unlikely for me, the investors will get back all the means invested... Is this true?

Greetings! Yes, it is. And this is specified in the WP. There are no two opinions in this case. The project isn’t a way to collect money quickly and fade away!

Look! The most annoying are the things which you think about less of all))) And how will the controversial situation be resolved when trading or after that? Who settles the situation in this case?

Good afternoon! Whom does the project consider to be its competitors for the coming years? What are their advantages?

I’ve got a question. Who participated in the creation of the idea of the project and its elaboration? Are there any persons well-known in the area of trading? Or, may be, participants of large trader contests.

Hi everyone! It’s important to have a good system of dealing with risks when trading currencies, especially if you’re using leverage!! How is it arranged in this project? Answer my question, please.

seems all major exchange in the list from this project after the crowdsale finish,,
are you the team member from this project ?

how you promote this project, maybe you should consider organizing a kind of bounty campaign so I can participate to promote it

This project looks very interesting. Moreover, we see a transparency of profits and losses to investors. But is there a greater profit guarantee compared to the risk of loss?

Investment fund is a cool idea, of course, but what advantages will stakeholders have? Well, as far as I understand, investors just fund Symmetry in order to receive some dividends when the company wants to pay them off. I mean that payments are not guaranteed, too. All in all it’s a dubious fund.

Why do you call it dubious if you haven’t got acquainted with the description carefully enough? According to smart-contract, stakeholders will receive dividends monthly. The dividends will be paid in Eth.

And what payments can stakeholders count on?

Hi! On very good ones! If I am not mistaken, the company is going to spend 50% of its income on dividends. Every stakeholder will receive a sum regardless the number of tokens on his account.

Hi everybody. Can’t stakeholder increase his share in the fund after the ICO is over?

He can if he wishes. He should just buy SYMM coins on the exchange for this purpose. By the way, everyone can also sell their coins on the stock-exchange in case they want to leave the fund.

I don't think this is enough information to invest in you...

Is it already known, in listing in which exchange will SYMM coins be added?

Greetings. As far as I understand, you’re planning to start to work with other assets gradually! What assets do you mean and which of them are you planning to start to work with primarily?

Why should Symmetry apply weighted currencies to each currency? What advantages will the fund get in terms of profitability due to this fact?

Hello! Can you tell me, which bank will be engaged in checking your account and why did you choose this particular firm?

If I have questions on operation of investment fund, will I be able to contact your representatives and receive an answer? How quickly will they respond to my questions?

Hi everybody! Can the ICO of this project end before the date specified?

No, it can’t, ‘cause the company issued unlimited number of tokens, so there’s no hard cap.

Greetings, comrades. How much does one SYMM coin cost?

Good afternoon. One SYMM coin will cost you 0.1 Eth.

For audit - Deloitte will most like be used.

Very high imo

Airdrop? Bountie?

We do our best to respond as fast as we can. Please join our telegram chat for faster responses. Thank you!

https://t.me/symmetryfund

Hello everyone. What part of the funds collected for the ICO, will go to trade immediately after the fund is launched?

If I'm not mistaken, the company plans to sell 90% of all the funds collected at the sale.

The remaining 10% will remain in the reserve?

Not really. These 10% will be spent on operating and administrative expenses at the start of the fund.

I think its a brilliant idea. Do you have any social media channel? its important

What data will the fund's shareholders be able to know after each audit by the accounting company?

Hello. Will I have the opportunity to check at any time the state of my investments? I would like to receive information about the profitability, the amount of my funds in the fund, etc.

Our audit contract is already deployed, any tokenholder can request all information - current trades / positions and balances.

is there a bounty company? and how to participate in it?

Guys, new website is coming soon! More informative and modern! Stay tuned!

I hope this project will be very popular on a long line basis

I do not understand about the calculation of the amount of funds there is not in show the total bitcoin only the ethereum show only, how can I see the total collection of bitcoin.

Around 90 BTC, including pre-sale. New website will be more informative, sorry about that!

we hope that the updated site will be the most convenient to follow the information

So you have to request it though, you can't see like a website or portal with all the information at a glance?

New Year, and the fees are continuing, which can not but rejoice, as early as 2018 etn, for the day attracted 65 etn

Tokenholder Dashboard is coming, demo preview will be available in a couple of days, please check back the website!

I think it is at least as should be easier than before, otherwise why update it.

Great looking project!

When is the main ICO date?

Hi, I have a question. US Citizen can participate in ICO? Thanks.

Still reading the whitepaper, seems promising

When the bounty ends? Somewhere it was said that next week, and the site says that after 35 days.

On the site https://symmetry.fund/ it is written that there are 35 days left, well, or until the hard will be collected, 2100 broadcasts have already been collected. and about bounty it is necessary to look in a branch of a bounty

Here's a look at the website https://symmetry.fund/. ISO is already underway, all can watch on the website. Join, better hurry.

Yes, however due to uncertainty of regulations, we may need to refund you after the ICO.

5 SYMM for 1ETH ?

you can see on his site https://symmetry.fund/ 1 ETH = 10 SYMM and I believe the project will be successful and have a high price of up to 1 ETH = 5 SYMM ;)

yeah on the website the price listed and fees has almost approached to the soft mouthpiece, and there are still 30 days. So everything should be fine

I would like to ask a little bit as to whether the project is focused on payment cards. ;)

What does it mean to demand to return? If a person put a tick that you are not a US citizen, then they can pick up tokens?

 Cyдя пo  caйтy, cбopы yжe пpaктичecки дocтигли coфтa, T, e ecли  тaкими тeмпaми бyдeт двигaтьcя, вoзмoжнo paньшe зaкoнчитcя иco.  Здecь бyдeт инфopмaция o oкoнчaнии бayнти, или oнa зaкoнчитьcя вмecтe c иco.

Usually bounty ends at the same time and ISO , if it is not according to the team.

On ICO round 2 later, is the price remain same with ICO round 1? I think Symmetry could reach their hardcap before April since they have so much time to attract investor.

Same price, different performance fee.

Congratulations, the next step is to get through the hard top.

I hope that a hard cap can be assembled in no time! Perhaps this will be done before April! But even if in April, it will also be good :)

Symmetry Fund is listed on CryptoStills (http://www.cryptostills.com/publications/2018011704.html)

Presently at a Bronze (http://www.cryptostills.com/) podium position

• Full project presentation
• Full media linking
• Continuous Twitter news updates
• Moderated discussions

Guys is a scam!!! fake! lie!
Just check their linkedin photos none of them are themselves
They are bluffing a scam!

Use google to look for the images with the option to look for the image address of these guys you will see!

Hopefully it can happen because they have plenty of time to reach hardcap. Everyone is waiting for its success.

Someone creating fake profiles using our team members photos. Linkedin was notified.

We sent an official request to Bitcointalk for your IP address, we do believe there might be a connection.

jaja very funny   :D :D :D
They hacked you, right!... Guys really none of their photos mach with their name there is no record of any of these people.
I would not put any penny on these guys.

Fake profiles with your images ?? And what are you going to do about it?

I join in the congratulations! In the Whitepaper of the project said that there is no Hard Cap for the ICO.

70% cryptocurrency trading and 20% ICO investments, with the remaining 10% forming a reserve fund.


this is not gonna end well.

dividends cannot be sustained with this model...they're just gambling your money away in hopes to make profits so they can payout dividends over time.

stay away.

If it is true it is great for everyone because it is not so focused in reaching the target that is frightened.

I can't find out much about you guys on Google either.

On your website you mention "January 9, 2018 DUBAI, UAE Dubai International Blockchain Summit."

Are you able to point to any images or videos taken of your team at this summit?

Seems the soft cap is just requirements for this project to be runed. But then, at least Symmetry can collect as much fund as they can to improve their development and running this project smoothly.

Guys, what are the diffencies between Symmetry and Taas?

We are performance based fund, Taas/c20 charge annual management fees.

I can not understand how the dividends will be paid, everything will depend on the profit of the project for the month. In what proportion will payments in relation to the number of tokens that will be on my wallet

What is your marketing budget? Do you have enough to promote the project?

This is an important project. I'm very excited about its development and having the opportunity to support via the ICO.

Wow, really looking forward to try the product! Do I have to be a citizen of a specific country to become a user? 

Proportionally across all SYMM shareholders

Anyone else who owns the token will receive it? Or just shareholders or those who bought tokens at ICO?

Hello
In your whitepaper you mentioned that 20% of the fund will be invested in promising ICO.
Do you have in mind some particular ICOs?

Any SYMM tokenholder will receive dividends

We research and assess each ICO before putting it on tokenholder voting. We will not invest in mining, lending and utopic ideas.

How the prevention of adverse influence of SYMM on the markets will be realized?

this is a project you should follow because it has a good chance of being big and successful in the future and if you don't join in it seems like something that is detrimental. :)

the ICO sounds intriguing. I'm wondering what happens as more and more green energy comes online, which will make the value proposition drop. How does the operation and token plan to deal with that?

Hi
How are u going to be profitable? I mean how the project is going to bring the money for founders?
Maybe I missed smth
thx in advance for the explanation

Hi everyone! Have you seen any other similar projects already?

Hi, I have not seen anything like it yet. So I think this is the best project now. True. I look forward to seeing all functions

Hi, I haven't seen anything similar. I think that project is kind of unique speaking about their concept and proposed solutions

In what currency SYMM funds will be stored?

Is it possible to participate in your ICO from any country?

Conclusion: I did like this ICO at first sight and felt inclined to invest. I did my due diligence and found so many red flags that I won't invest and earmark this ICO as a SCAM, one of the most convincing ones I've seen.

Let me give you a list of red flags that I've built up:

• all linkedin team member profiles seem to be rather new, no recommendations present although the got "polished up" quite a bit over the past weeks
• names of individuals show nothing when searching the with Google (apart from LinkedIn & their own site). So nobody has a social profile or any other coverage? That's weird for a team that claims so many years of finance & investment experience. The answer I got from Andrew in the Telegram group was: "We are coming from old fashioned, traditional financial institutions, most of us never had or have social profiles, we just don't use them. We avoid SM as much as possible. You can search for any recognized fund manager with German background and you won't find a thing. It's normal. You are welcome to join us in Dallas, TX on Feb 16-18, BTC/ETH Super conference to meet all of us.". Conveniently after round 1 of the ICO closes.
• the one time they were supposed to show up, in Dubai (jan 9th 2018, Dubai International Blockchain Summit), but nobody was there. They claimed "we didn't pay on time", really?
• if they really are fund managers/investors, they probably have Bloomberg for stock rates etc. Like linkedin, Bloomberg is searchable and no Andrew LEWIN shows up. When a friend asked Andrew about it, he got banned from the Telegram group.
• other critical sounds are not welcome: two critical reddit posters got banned from the Telegram channel too
• if the team has worked in Zurich (CH) in finances, there is a good chance they had to be registered (like a bankers oath), none of the team members show up: https://zh.chregister.ch/cr-portal/suche/suche.xhtml
• website of symmetry itself is registered through a hosting/DNS lookup protecting construction (Domains by proxy), so is fully anonymous - https://www.whois.com/whois/symmetry.fund
• if you look at the code of the website images, they don't have person names but e.g. advisor-2.jpg and team-1.jpg. That feels weird, most other sites I checked had more meaningful filenames like andrew_lewin.jpg etc. That is what this guy spotted too: https://bitcointalk.org/index.php?topic=2480514.msg28390839#msg28390839
• I emailed Polaris Investors AG, the company of the advisor "Mike Henkel". Their quick reply was "We were not aware of the fact that apparently people are using our name on Linkedin. This guy seems to be a fake and does not work with us. Honestly, I would not touch an ICO where a guy claims to be an advisor if he uses firm names randomly". And I got a kind remark that they would short SYMM :).
• though connections, EPAM's HR department stated there was no Vladimir Savochkin there
• their source code in Github is available, but the person who made the first commit (almost all the code) is gone - no account there anymore, just a name: Waqas Khokhar  https://github.com/symmetryfund/symmetry/commits/master
• Check on the Cayman Islands chamber of commerce for Symmetry Fund: no such company - http://web.caymanchamber.ky/directory/results.aspx?Keywords=symmetry+fund
• I haven't seen a photo of the whole team together, which would make sense if it's just a collection of modified stockphotos. You wouldn't start a 4 million USD business without knowing each other, would you?
• A friend talked to the lawyer Mykola on Skype. He is real and does consulting for Symmetry, even got paid for it. However: he never saw any papers and never met anybody in person, just gave advice. So again, nobody has seen Andrew & his team.
• The fund meter shows 4000+ ETH collected, although only 900+ ETH show in the address where the ETH is sent to. They claim in their Telegram that the rest came in as BTC from early investors, but that's nowhere to be found.
• Check the photo under this medium post: https://medium.com/@irfanmuhammadsyamsularief/investment-with-the-symmetry-fund-f5abafde425  -> all advisors have been changed. The full COSS team was there, now it's two/three people that can't be found in real life. From COSS I got back: "I am not an advisor of that ICO and I don't have any link to it."
• The advisor named Leah Kronshage was removed from the English site. When asked about it on Telegram, Andrew stated: "he is an impersonator". Weird though, if you switch the language of their site to Korean, Leah is still there...

How many more red flags do you need?

My thoughts:

• this is a SCAM, set up by a small core group
• nobody has ever seen him/her/them/it in person and people asking questions about that are banned from the Telegram group.
• They really know their business: they show in their website and in the Telegram group quite a bit of knowledge on the crypto world, so are convincing.
• they did hire (and pay) some external parties to make the ICO look more legit, but none of those parties has ever met any of the ICO core team. Examples are Mykola and a guy I talked to that was paid to be a community manager.
• they are getting better as they go, slowly improving their scam game, involving more external people and even paying those external people. That's a good business lesson: you have to spend money to make money.
• They started slow, but as the ICO got picked up by some ICO rating sites and gave them more legitimacy. It's basically only self-confirmation: none of these sites really checked the team members or spoke to anybody in person.

So I'm sorry for the people who gave them their money, you can follow it through their smart contract on the ethereum blockchain:  https://etherscan.io/token/0xb54da0854f41396886eb728e0f8082382281f84a . They will probably kick me from the Telegram channel and try to remove this post, but hope I saved you some ETH.

the symmetry project offers a good new fan idea for me, Cryptocurrency Fund is Safe with Monthly Dividend .. an interesting idea for me, I am happy to participate in this project .. I think the idea offered is really interesting, the team that work hard I am sure the project this will be a great project .. with a professional team, all targets have been prepared to be obtained ,. a profitable project in my opinion .. investors I think will be interested in this project, I hope this project will be successful

As i saw, not a bad idea of the project and team is quite good. But there are some comments like it's a scam and all. I don't know what to say, but I still believe in this project.

This project is indeed very impressive, if all information about the project is true then it's good for a prospective investor.
All the same, I would keep researching more about it, but so far it's a big thumbs up! 8)
Keep it up!

ALL - ATTENTION

THIS HAS BEEN VERIFIED TO BE A SCAM.

IT LOOKS VERY LEGITIMATE.  IT IS NOT.

They will not respond to this message.  There is your proof if you want.

MODS - PLEASE DO WHATEVER IS NECESSARY.  I will post the last hour of their Telegram chat here..which they are in and not responding.

Pft:
Telegram of the team is correct?
 https://bitcointalk.org/index.php?topic=2480514.msg28957307#msg28957307
 i  readed a whole article about scam
 but don't know if it is true
 i trust symm
 and i think this article is not true
[9:46:36 AM] Sandro Martins:
All those points deserve a reply:
 
 #219
Conclusion: I did like this ICO at first sight and felt inclined to invest. I did my due diligence and found so many red flags that I won't invest and earmark this ICO as a SCAM, one of the most convincing ones I've seen.

Let me give you a list of red flags that I've built up:
all linkedin team member profiles seem to be rather new, no recommendations present although the got "polished up" quite a bit over the past weeks
names of individuals show nothing when searching the with Google (apart from LinkedIn & their own site). So nobody has a social profile or any other coverage? That's weird for a team that claims so many years of finance & investment experience. The answer I got from Andrew in the Telegram group was: "We are coming from old fashioned, traditional financial institutions, most of us never had or have social profiles, we just don't use them. We avoid SM as much as possible. You can search for any recognized fund manager with German background and you won't find a thing. It's normal. You are welcome to join us in Dallas, TX on Feb 16-18, BTC/ETH Super conference to meet all of us.". Conveniently after round 1 of the ICO closes.
the one time they were supposed to show up, in Dubai (jan 9th 2018, Dubai International Blockchain Summit), but nobody was there. They claimed "we didn't pay on time", really?
if they really are fund managers/investors, they probably have Bloomberg for stock rates etc. Like linkedin, Bloomberg is searchable and no Andrew LEWIN shows up. When a friend asked Andrew about it, he got banned from the Telegram group.
other critical sounds are not welcome: two critical reddit posters got banned from the Telegram channel too
if the team has worked in Zurich (CH) in finances, there is a good chance they had to be registered (like a bankers oath), none of the team members show up: https://zh.chregister.ch/cr-portal/suche/suche.xhtml
website of symmetry itself is registered through a hosting/DNS lookup protecting construction (Domains by proxy), so is fully anonymous - https://www.whois.com/whois/symmetry.fund
if you look at the code of the website images, they don't have person names but e.g. advisor-2.jpg and team-1.jpg. That feels weird, most other sites I checked had more meaningful filenames like andrew_lewin.jpg etc. That is what this guy spotted too: https://bitcointalk.org/index.php?topic=2480514.msg28390839#msg28390839
I emailed Polaris Investors AG, the company of the advisor "Mike Henkel". Their quick reply was "We were not aware of the fact that apparently people are using our name on Linkedin. This guy seems to be a fake and does not work with us. Honestly, I would not touch an ICO where a guy claims to be an advisor if he uses firm names randomly". And I got a kind remark that they would short SYMM Smiley.
though connections, EPAM's HR department stated there was no Vladimir Savochkin there
their source code in Github is available, but the person who made the first commit (almost all the code) is gone - no account there anymore, just a name: Waqas Khokhar  https://github.com/symmetryfund/symmetry/commits/master
Check on the Cayman Islands chamber of commerce for Symmetry Fund: no such company - http://web.caymanchamber.ky/directory/results.aspx?Keywords=symmetry+fund
I haven't seen a photo of the whole team together, which would make sense if it's just a collection of modified stockphotos. You wouldn't start a 4 million USD business without knowing each other, would you?
A friend talked to the lawyer Mykola on Skype. He is real and does consulting for Symmetry, even got paid for it. However: he never saw any papers and never met anybody in person, just gave advice. So again, nobody has seen Andrew & his team.
The fund meter shows 4000+ ETH collected, although only 900+ ETH show in the address where the ETH is sent to. They claim in their Telegram that the rest came in as BTC from early investors, but that's nowhere to be found.
Check the photo under this medium post: https://medium.com/@irfanmuhammadsyamsularief/investment-with-the-symmetr

Commercial register of canton Zurich
Cantonal company search, Commercial register of canton Zurich
Official commercial register information of the Canton of Zürich
 y-fund-f5abafde425  -> all advisors have been changed. The full COSS team was there, now it's two/three people that can't be found in real life. From COSS I got back: "I am not an advisor of that ICO and I don't have any link to it."
The advisor named Leah Kronshage was removed from the English site. When asked about it on Telegram, Andrew stated: "he is an impersonator". Weird though, if you switch the language of their site to Korean, Leah is still there...
 The team photo would be great, if they are not so shy

[9:51:01 AM] Jim Craddock:
Very interested in Vlad and Andrew's response... as I have a more public platform to take it to
[9:55:00 AM] Stimo McStimo:
+1 I was going to invest yesterday, but these are huge red flags
[9:55:16 AM] Sascha:
same here
[9:55:57 AM] Stimo McStimo:
And they made this telegram channel private yesterday, so no new people can join in
[9:56:03 AM] Pft:
I invested already only 15 ethereum
 i have enough so it doens't care me
[9:56:35 AM] Sascha:
good for you :-)
[9:56:45 AM] Pft:
but we will see what the future brings
[9:56:53 AM] Sascha:
So it is
[9:58:34 AM] Pft:
I life near an advisor https://nl.linkedin.com/in/leah-kronshage-1a95b7152
 so can ask if he know Symm :)
[9:59:53 AM] Stimo McStimo:
So you know Leah in person?
[10:00:40 AM] Sandro Martins:
A private channel to promote an ICO?
[10:00:57 AM] Stimo McStimo:
They closed it a day or so ago
 Was public
 And I'm wondering whg
 Why
[10:01:20 AM] Sascha:
getting stranger
[10:01:21 AM] Stimo McStimo:
Vlad the admin just said sorry for the inconvenience..
[10:01:31 AM] Sandro Martins:
If anybody is waiting for some other clue...
[10:01:50 AM] Stimo McStimo:
> Vlad
> Will available very soon. Sorry for inconvenience
Here is Vlad's response to my question
[10:01:54 AM] Pft:
Forwarded message:
Sandro Martins [9:46 AM]
All those points deserve a reply:
 
 #219
Conclusion: I did like this ICO at first sight and felt inclined to invest. I did my due diligence and found so many red flags that I won't invest and earmark this ICO as a SCAM, one of the most convincing ones I've seen.

Let me give you a list of red flags that I've built up:
all linkedin team member profiles seem to be rather new, no recommendations present although the got "polished up" quite a bit over the past weeks
names of individuals show nothing when searching the with Google (apart from LinkedIn & their own site). So nobody has a social profile or any other coverage? That's weird for a team that claims so many years of finance & investment experience. The answer I got from Andrew in the Telegram group was: "We are coming from old fashioned, traditional financial institutions, most of us never had or have social profiles, we just don't use them. We avoid SM as much as possible. You can search for any recognized fund manager with German background and you won't find a thing. It's normal. You are welcome to join us in Dallas, TX on Feb 16-18, BTC/ETH Super conference to meet all of us.". Conveniently after round 1 of the ICO closes.
the one time they were supposed to show up, in Dubai (jan 9th 2018, Dubai International Blockchain Summit), but nobody was there. They claimed "we didn't pay on time", really?
if they really are fund managers/investors, they probably have Bloomberg for stock rates etc. Like linkedin, Bloomberg is searchable and no Andrew LEWIN shows up. When a friend asked Andrew about it, he got banned from the Telegram group.
other critical sounds are not welcome: two critical reddit posters got banned from the Telegram channel too
if the team has worked in Zurich (CH) in finances, there is a good chance they had to be registered (like a bankers oath), none of the team members show up: https://zh.chregister.ch/cr-portal/suche/suche.xhtml
website of symmetry itself is registered through a hosting/DNS lookup protecting construction (Domains by proxy), so is fully anonymous - https://www.whois.com/whois/symmetry.fund
if you look at the code of the website images, they don't have person names but e.g. advisor-2.jpg and team-1.jpg. That feels weird, most other sites I checked had more meaningful filenames like andrew_lewin.jpg etc. That is what this guy spotted too: https://bitcointalk.org/index.php?topic=2480514.msg28390839#msg28390839
I emailed Polaris Investors AG, the company of the advisor "Mike Henkel". Their quick reply was "We were not aware of the fact that apparently people are using our name on Linkedin. This guy seems to be a fake and does not work with us. Honestly, I would not touch an ICO where a guy claims to be an advisor if he uses firm names randomly". And I got a kind remark that they would short SYMM Smiley.
though connections, EPAM's HR department stated there was no Vladimir Savochkin there
their source code in Github is available, but the person who made the first commit (almost all the code) is gone - no account there anymore, just a name: Waqas Khokhar  https://github.com/symmetryfund/symmetry/commits/master
Check on the Cayman Islands chamber of commerce for Symmetry Fund: no such company - http://web.caymanchamber.ky/directory/results.aspx?Keywords=symmetry+fund
I haven't seen a photo of the whole team together, which would make sense if it's just a collection of modified stockphotos. You wouldn't start a 4 million USD business without knowing each other, would you?
A friend talked to the lawyer Mykola on Skype. He is real and does consulting for Symmetry, even got paid for it. However: he never saw any papers and never met anybody in person, just gave advice. So again, nobody has seen Andrew & his team.
The fund meter shows 4000+ ETH collected, although only 900+ ETH show in the address where the ETH is sent to. They claim in their Telegram that the rest came in as BTC from early investors, but that's nowhere to be found.
Check the photo under this medium post: https://medium.com/@irfanmuhammadsyamsularief/investment-with-the-symmetr

Commercial register of canton Zurich
Cantonal company search, Commercial register of canton Zurich
Official commercial register information of the Canton of Zürich
[10:03:37 AM] Sandro Martins:
Not to mention that daily conversion of crypto in fiat sounds weird

[10:03:21 AM] Jim Craddock:
Well, in internet time, I think the Jig is up.  Very disappointing
[10:05:11 AM] Stimo McStimo:
Vlad sees all these messages, but the delay in their response tells me they are very sophisticated scammers
 Vlad was online a min ago

[10:04:53 AM] Jim Craddock:
My best guess is Russian scam.  I noticed their website originally has come russian in the domain momentarily during a redirect once
[10:05:56 AM] Sandro Martins:
I thank admin for creating this channel, and all those participants. Saved me some ETH

[10:05:39 AM] Jim Craddock:
Will never trade now...they didn't make it far enough. so we are hosed
[10:07:12 AM] Stimo McStimo:
No, Andrew is a real person living in the UK
 I mean no, its not a Russian scM
 Scam
 A UK scam rather
 So Andrew is a real person and we have a connection in common
 On linked in
[10:08:23 AM] Sandro Martins:
Perhaps real Andrew never heard about Symmetry... who knows
[10:08:29 AM] Stimo McStimo:
Andrew met my friend at a Conference and gave him his card

[10:07:42 AM] Jim Craddock:
yeah should've done better due diligence on my part...no pictures show when google searched...big red flag...stock photos should show up SOMEWHERE
[10:08:50 AM] Stimo McStimo:
And then sent him a linked in request
 Looks to me like he was building his linked in profile
 And connections
[10:09:16 AM] Pft:
3 Edward St, George Town, Cayman Islands
[10:09:26 AM] Stimo McStimo:
So Andrew is real and he setup symmetey
[10:09:29 AM] Pft:
adress and put money together to send to them :)
[10:09:32 AM] Stimo McStimo:
Symmetry

[10:08:33 AM] Jim Craddock:
I was about to get my mom invested!  doh!
 and invest more
[10:09:50 AM] Stimo McStimo:
But their goals are not clear
[10:10:08 AM] Sascha:
yeah i was pretty convinced tooo
[10:10:11 AM] Stimo McStimo:
Very sophisticated I should say

[10:09:23 AM] Jim Craddock:
Damn, the google picture search I should've done that earlier
[10:11:06 AM] Sascha:
could have been so good :-)
[10:11:06 AM] Stimo McStimo:
What's with google pic?
 Andrew's also seen our messages!

[10:10:41 AM] Jim Craddock:
if you right click a picture in chrome you can search all the web for it.  It should show up SOMEWHERE if it is a common photo of someone..people tend to reuse photos etc
 especially profile photos
[10:12:18 AM] Stimo McStimo:
Ha!
[10:12:23 AM] Sandro Martins:
Well, ASTRO is at a good entry point these days. And they are legit
[10:12:28 AM] Stimo McStimo:
We cracked them guys
 Hopefully you haven't lost too much
 They're going to close this channel soon I suspect

[10:11:44 AM] Jim Craddock:
I write for seeking alpha... they will make for a good article
[10:13:53 AM] Sascha:
Thank you very much for the warning, you saved me.


[10:14:36 AM] Stimo McStimo:
They didn't do too much PR, that let them continue operate without being noticed by experts

Well I have just been booted from their Telegram group for asking them to show proof that they booked space at the Bitcoin, Ethereum, And Blockchain Super Conference in Dallas, Texas. They told me they 'forgot' to book a booth at the Dubai summit lol

Here is my summary:

https://www.youtube.com/watch?v=JYiSIQEajZs&feature=youtu.be

It's really sad, as there are so many other promising projects out there delivering already...


- ) ICONOMI (with a variety of funds)

-) Greyscale Investment Solutions

- ) Blackmoon Crypto (doesn't have a crypto fund yet)

- ) Global Advisors

- ) Metastable Capital

- ) Polychain

-) Logos Fund

and the best:


https://ip.bitcointalk.org/?u=https%3A%2F%2Fpecun.io%2Fassets%2Fimg%2Flogo.png
(http://www.pecun.io/#/?ref=CRYPTO4K)
www.pecun.io

Seem a scary world in here already. There had been a lot of ICO turned scam already and this is just one. I have send some ETH to multibot ICO too which I was impress because they do have a working product already in beta version but they didn't list the token.

If this SYMM team got it succesfully, they may have to let us wait for nothing. This wouldn't be listed in any exchange too.

Twitter
WEEK: 5 21/01 - 27/01
Baш нoмep в spreadsheet : 428
Twitter Link: https://twitter.com/SolnechnyjAlex
ETH Address:0xE659b76B2fd82B921771fFE33408d4F4359bA61B

retwitt:
1- 23/01: https://twitter.com/symmetryfund/status/955439918146142209
2- 23/01: https://twitter.com/symmetryfund/status/955491520295059456
3- 24.01: https://twitter.com/symmetryfund/status/955914793851895813
4- 24.01: https://twitter.com/symmetryfund/status/956164699803938816
5- 26.01: https://twitter.com/symmetryfund/status/956939920525807617
twitts:
1. 27.01: https://twitter.com/SolnechnyjAlex/status/957356690629853184
2. 27.01: https://twitter.com/SolnechnyjAlex/status/957357364449071104

Is this like a Mutual Fund for Crypto ?, where the investors buy NAV volume and paid as per the NAV progress with course of Time.

Look out... this is a scam!!

I was in close contact (telegram only)  with the team and they offered me a job as community manager ( I do this for other funds as well)  and was about to take it. ( they even paid my salary for the first month the day before it got exposed as scam  from this address  https://etherscan.io/address/0xbe308fb255a5740ff106b00042fe6c0c1d035444   0.5 eth and 3 symm )

I was also starting to investigate this and more ppl in my network did this.  Since the shit hits the fan after  the post from rijnsent  (https://bitcointalk.org/index.php?topic=2480514.msg28390839#msg28390839)  he got deleted and banned. They did this to all the ppl in chat who where critical, noticed that in the week before also. But after his post and ban, many ppl from my network started reposting it...  After a few hrs they stopped responding and banning... few hrs later entire chat channel was deleted

Andrew from symmytry has not responded or even read my messages from to me since jan 25th . Chat channel is deleted since yesterday, but the website is still running and you can still invest. STAY AWAY FROM THERE!!!!!


Regards

Jelle TheLazyCryptoInvestor

Not sure how to report scam tokens here to this forum but this is one for sure!!

Still wondering how I almost invested in it... this scam took some preparation. Andrew and Vlad seems to know what they were talking about. Also hiring experienced outsiders like me to gain trust. I was amazed withing 3 minutes after they found out who I was... "Do you have experience modding the group ? We are hiring"  and within a hour a deal was made. I was about to start monday, but I do not want to be linked or connected or involved in this company

Thank you Jelle and Rijnsent and GrassBite to share this with us.  Saved me a lot of money. Was about to enter large...

If you knew what this was and agreed to work and get paid to promote this, resulting in more victims..Than you are involved with them, aren't you??

If I knew, yes... I did not know. Was looking for a new investment found this, joined chat, read a lot. Start asking questions. At that time it still seems legit. And when they offered me the job last Tuesday it was even more confirmation and trust building for me.  Simultaneous I did continue my digging and ppl in my network as well. Friday after the shit hits the fan. I tried to warn as many as I could even in symmetry telegram channel, not long after that the entire channel was deleted.  My post last night here was the first opportunity I had to post here. Still have no answers back from Andrew.

Pls folks stay out of this ico

However, they already collect some money with that trick. I hope the number of gullible people will not grow anymore. this is really outrageous, I feel sorry for investor.

Hi all, are we sure this is a scam and not just FUD? There's a few things I find really weird, i.e.:

• Official website's telegram link now directs to a group called "symmetryfund is a SCAM !!!!!" ... seriously? This makes me think it's a salty community manager who has either hacked or had control of the account and has had a falling out. Scammers are not batsh*t crazy and wouldn't advertise the fact that they're scammers.
• Many of the points listed in the original post seem very nitpicky, i.e. registering a website using an anonymisation service is quite common. And the naming of jpegs? who cares?
• The linked medium article now returns a page saying 'suspended'
• I reached out to the organisers for the upcoming conferences mentioned on their site, and have so far had one reply confirming Vlad Savochkin as a speaker at Bitcoin Super Conference
• The linked business search at http://web.caymanchamber.ky/directory/results.aspx?Keywords=symmetry+fund is for the Chamber of Commerce, and is a local business DIRECTORY. not a REGISTRY. I created a free account on the Cayman Islands General Registry (www.ciregistry.gov.ky (http://www.ciregistry.gov.ky)), and searched for "SYMM LTD" which is the entity mentioned in Symmetry Fund's Terms of Service (accessible through the website's footer). There is a result, but I can't get full details without paying $40 (someone else is more than welcome to though!)
• Andrew Lewin DOES clearly exist - and he was previously registered under the UK's Financial Services Register (https://register.fca.org.uk/ShPo_IndividualDetailsPage?id=003b000000LVd4uAAD (https://register.fca.org.uk/ShPo_IndividualDetailsPage?id=003b000000LVd4uAAD)). However, he is marked as 'Inactive' - but that could just be explained by a geographic relocation

All that in mind though, I do find the total radio silence from Symmetry Fund on their other social media channels a bit disturbing - but perhaps these channels are all under the control of the same malicious actor?

Has anyone else done any further digging? I personally don't feel like there's enough evidence to conclusively call this as a scam either way yet. I feel like most of the original claims made by rjinsent can be refuted (or ignored) as above.

• Official website's telegram link now directs to a group called "symmetryfund is a SCAM !!!!!" ... seriously? This makes me think it's a salty community manager who has either hacked or had control of the account and has had a falling out. Scammers are not batsh*t crazy and wouldn't advertise the fact that they're scammers.

i have nothing to do with Symmetry fund. i took over the Telegram channel to help prevent people from getting scammed.


thier ether account.
https://etherscan.io/address/0xbEadA3257BFf2d41eF6e563190e6624B57eAcc89

look where all the coins get transferred to they go through a few wallets but end up.

https://etherscan.io/address/0xb3aaaae47070264f3595c5032ee94b620a583a39

check the comments against this wallet.

Very promising project in my opinion. I liked it right away because I read the description and what the dev team plans to do in the future. If it goes that way, then we are waiting for a profit project for early investors. And I wanted to know the maximum hardcap of the project?

Keep up the good work and don't let us down. There are so many fakes coins these days but this is real, just spoke to the admin and they have prospect

This project is legit for sure. The team has been doing business for years and the performance is well. All I am concerned is how much fund it can raise.

Thanks to bootlegneurons to point out some of the weaker spots in my list of Big Red Flags, but it's still a SCAM. Let's assume for a second you're not part of this scammers team, in that case I'd like to thank you for help me improving my skills to find a next scam.
But let me, for the sake of it, point out some flaws in your counter arguments (I won't put a smiley face everywhere, but hope that the irony here is clear)

• Official telegram -> "symmetryfund is a SCAM". I was kicked out of the channel, so can't confirm this. But what I did hear was that the admins left the group, so no salty community manager, just rats leaving a sinking ship.
• nitpicking jpeg & anonymous website, who cares? -> I do, I've checked out various ICOs and none of them have this. They don't have to have a fully anonymous website because they are not scammers. It's just more red flags that there's something wrong.
• Medium page suspended and can't find an image? -> check out internet archive or google cache, it's still there. Linking to the other flags, my guess is that the scammers control this account.
• Vlad a speaker? A pity they don't mention him on their site: https://www.bitcoinsuperconference.com/speakers/ , I bet you all the SYMMs I have that I will get feedback from that conference that they don't know any Vlad Savochkin.
• You totally got me on the Cayman Island registry vs Chamber of Commerce, I might consider striking it of my list and getting myself a free account next time. But then, you could have sent my this official paperwork too :) : http://loophole4all.com/?id_i=82395&id_e=63594&company=SYMM+LTD.
• Andrew Lewin does exits... Thanks for the link to that Financial Services Register. Did you however expand the block at the bottom? That Andrew Lewin has worked for e.g. Royal Bank of Canada and Kleinsworth Benson bank. That is a 100% mismatch with the profile that the "Andrew Lewin" of Symmetry has given, it's a different person.

I could add some more flags, like the Ether that's being sent to the smart contact ending up in a known scammers account. And a community manager that was hired, paid and after that fired because of critical noises. But will save myself the trouble and will ask you what you would need to call this a SCAM, what is "enough evidence"?

A friend told me about the concept of the project and now I want to invest.
What is the minimum investment?

To all here who still believe it is not a scam.  I suggest to wait after ico ended and buy it on the open market afterwards or wait for the second round to invest. You might pay a bit more for it if it turns out te be legit, but it saves you money if it is not.

Suspected that might be the case after I posted, so if a channel gets deleted anyone can register one with the same name?


Interesting, and valid point... although the comments suggest that address has been associated with phishing scams. I haven't contributed to the ICO myself, but is it possible that the contribution system has been compromised by a hacker?

Definitely not part of the team - SYMM has just been on my radar and I was planning to invest because it looked promising. Just trying to do due diligence and clear up some points. We're on the same team.

Yeah, he's not listed, so I emailed them directly at organizer@bitcoinsuperconference.com to ask, and got a reply from a Richard Jacobs from Speakeasy Marketing confirming his attendance.

Haha... I think there's a slight difference with your site! But I see your point, it's probably easy enough to register a company if you're a scammer.

Good catch, thanks for pointing that out.

^ Very good idea. I'm sure a managed fund style of token isn't going to trade at much of a premium over its NAV.

Thanks for the replies everyone. Some good counter-arguments. The company/team directly involved could certainly be scammers, but I also wonder if they might be innocent and have been hacked somehow? It's certainly worrying that they haven't addressed these allegations directly and have shut down their communication channels instead of tackling the situation head-on or releasing a press statement though.

I think I will wait until it hits an exchange (if that ever happens).

the first ether to hit that account was transferred to that account so if it was it was right from the beginning 49 days ago. it was happening from the start. and you would pick up pretty quick if it had been stolen. if it was me i would be watching my wallet from the start.

i'm sure they are doing all sorts of nasty shit all over the internet why would you stop at one thing. this is why it makes it dodgy. if it only held the ether from symmetry fund then it wouldn't look bad.

you also noticed that they have gone dead on twitter. going from posting multiple times a day to nothing. they know the jig is up. the site is still up so people stupid enough to keep giving them ether will keep going into the account.

If somehow they might been hacked. I would think Andrew would reply to my messages and email. He has not even read my telegram messages since Jan 25 or respond to my email about my guestions to comment on the sitiuation after Rijnsent posted his findings here and in their telegram.

This a long-term and promising project which is handled by professional team. Do you accept BTC?

Thanks for the great project. A good coin with excellent opportunities. I wish you success in your further work :D
Is there a min/max eth contribution?

I was wondering if this ICO will be open to US and Chinese citizens?
Waiting for more info to get a deeper understanding about the project.

Hi guys, Im relatively new to this ICO thing. I still need to study the whitepaper of this project. But what payments methods can I use?

Read this http://www.binaryoptionsheriff.com/make-money-ico-investment/ (http://www.binaryoptionsheriff.com/make-money-ico-investment/) and take a good look at point 1 and 3 (rest also very important)

I don't find necessary info here. Like no of coins And how you gonna achieve your goals etc....Why should I invest With very low activity and lots of questions

I really want to see admin's answers in this thread, is ths possible? I personally don't consider Symmetry as a scam

The team member https://bitcointalk.org/index.php?action=profile;u=1335814 (https://bitcointalk.org/index.php?action=profile;u=1335814) who has started this thread has not logged in since Jan 26... about the same moment they stopped responding and this (most possible) scam was exposed

Andrew Lewin does not answer my messages or emails either, before the rumors on Friday he did.

I think Symmetry is a scam.

I have invested 2 ETH  in 20 SYMM that I don't think are ever worth anything :(

I just reported the first post to the moderator to take a close look and consider this a scam. I suggest we all do. There is more evidence against it than clear answers proving it legitim, have not seen one of those

Is there any possibility that they just got hacked? All of this looks really bad :-\

Luckily I only added their signature for 3 weeks and not invest any money in this scam. Sorry for all who did, but I also thought it is a real project. I was too lazy too dig deeper when checking the project. But I have to admit, the scam was really done professionally.

if only the telegram channel was hacked. Why not respond in any other ways to communicate, like twitter, medium channel, their own website, here. After the fud broke out, they did not try to counter the arguments against, they deleted the chat and stopped responding to other channels..... this is no hack

Could not agree more. Followed the chat for a few weeks, did not digged deeper because I had some time left and expected eth to drop more. Was about to invest large in it.

Also no answers back from Andrew or Vlad

Blind fool, you don't see here everyone saying it's scam and you still think this is a solid project? Looool this happens when you don't read.

The very fact that they are guaranteeing a positive ROI from trading should throw up many red flags. This is a scam and clearly will result in loss to anyone who buys into it.


From the website homepage:

"Unrivaled Returns

The SYMM fund uses proprietary analysis methods to provide returns to shareholders that are incomparable to investments with traditional funds."

If you enjoy giving up your ETH, go for it. You are better off gambling in "next generation blockchain ICOs" than trading funds.  Just by participating in the ICOs you are already doing what they claim they will do.

I'm confused  ???

 Is the project fake or not ? Do I have to leave the signature?

Hi all, just another quick update, I received a reply from the other conference organiser that I emailed, Blockchain West:

Also, beware all the people making comments like this:

I just checked three at random and noticed some peculiarities: identical merit, identical activity. Almost identical number of posts. Accounts all created within hours of each other. If you look at their recent posts you will see they are all commenting virtually the same thing on the same ICO threads, minutes apart:
https://bitcointalk.org/index.php?action=profile;u=1384493;sa=showPosts
https://bitcointalk.org/index.php?action=profile;u=1383858;sa=showPosts
https://bitcointalk.org/index.php?action=profile;u=1384310;sa=showPosts

I suspect that these accounts (and probably others) are associated with the scammers involved with Symmetry Fund... and any other ICO's that they mention in their post list I would be very wary of (Mobilink, Pecunio, GRON, Saifu, OKO, Setcoin, Lucyd, Freelancer, Styras, Chatello, Dogezer, AMP, HeavenCoin, and more... several posts are in russian so i can't read them all.

Cheers

How the dividends will be paid, everything will depend on the profit of the project for the month. In what proportion will payments in relation to the number of tokens that will be on my wallet? Anyone else who owns the token will receive it? Or just shareholders or those who bought tokens at ICO?

AWESOME FIND!

There is your list for people that want somethignt to stay away from.

Damn, I'm so bummed out, I had hoped this would be a sureshot. unfortunately it's not. I even put in 5.6 ethereum... ah well.

Nice find, but it proves nothing. It is just an easy trick to get posts behind your name and get some status on bitcointalk. Just post in every ico thread some basic meaningless questions.

On https://www.chipin.com/symmetry-fund-ceo-andrew-lewin-interview/ and https://www.chipin.com/symmetry-fund-ico-cryptocurrency-investment-one-place/ are removed

On https://www.investitin.com/symmetry-fund/  there is a scam warning now

and the link to https://cryptocentral.io/index.php/market-live/87-breaking-news/1034-aims-to-bring-convenience-and-stability-for-new-cryptocurrency-investors also not working anymore

these links came from the symmetry website

Actually I did further digging, and from just TWO pages of this ANN thread I found 19 users ALL commenting the same things, on the same 15 ICO's. By extrapolation, there could be HUNDREDS of fake accounts exploiting bitcointalk.org! This is huge. I've messaged the admin and I'm waiting for a response. The usernames in question are: Captain_Jack_Sparrow, recnapon, Mutanca, FranzyFox, macolde, Chermander, Captain_Killer, gastlator,  Varsity_Blues, Beahelm, Moto_angel, Anayajurus, Grinin, Ttexav, Glen Thompson, BearuBear, Tator, Monkey_Thinker... I encourage you to check their post histories yourselves if you don't believe me.

Also, a further update and another smoking gun! I was approached via Telegram by someone who wishes to remain anonymous. I will post sections of the transcript here:


I asked them to elaborate on the code issues:

TL;DR: There is no code to check which round of the ICO tokens were purchased in - dividend calculation is based purely on amount of tokens held.

I have some programming experience, and to me it looks like the dividends_before_commision and dividends_after_commision (besides being spelled incorrectly) are not being initialised properly - they are initialised in the 'if' part of an if/else statement (type declared as uint256) but not initialised in the 'else' block (only an assignation). Definitely agree that it looks like this code has not been tested at all and is probably just there for show.

Back to the topic of the fake/scam accounts for now, our anonymous friend also had this to say:
Makes me think of all the reports of russian manipulation of the US election - we know it happens, is this just another example? I think that is likely.

So, to recap:

• 1st smoking gun - funds being transferred from ICO wallet to scammer wallet
• 2nd smoking gun - code containing basic errors, and not being able to calculate the dividend payout correctly as per symmetry fund's website
• 3rd smoking gun - this ICO is either part of a coordinated group of scams run by a single group, or has engaged the services of social media manipulators to artificially promote and lend legitimacy to their ICO.
  

For those who had private chats with Andrew... just take a look in your telegram "Last seen  within a week".... the dude is gone

https://s14.postimg.org/mdm5mpp6p/grab01089.jpg

And or trying to hire legit people and services to increase trust in their legitimacy.

Yes, it is.

But they have been updating their twitter account.

https://twitter.com/symmetryfund/status/958419721027645440

This is a recent tweet.

Yes, but notice how it is just a generic crypto article and not anything to do with SYMM? The twitter account is probably managed by the same manipulation business that they have hired. If they ARE active on twitter then why haven't they responded to any of these allegations instead of reposting meaningless drivel?

Good news, I've managed to have SYMM delisted from several ICO report pages. I'm currently working on having the main website taken down.

What about SEC ang legal for you project? where i can read about it?

This is a scam ICO. go back to page 11 of this thread, and read from there until the end. The money is already gone, don't invest.

Guys! trying to get to the bottom of this story... and one thing doesn't match up....

How is it that the official telegram channel of symmetry has been taken over, muted and promote this thread? Unless it has been hacked, why on earth the owner(s) of Symmetry would redirect everyone's attention to a post indicating that they run a scam?

I laugh a little every time someone like that so many of us find such people here just for the same purpose

Guys! trying to get to the bottom of this story... and few thing doesn't match up....

How is it that the official telegram channel of symmetry has been taken over, muted and promote this thread? Unless it has been hacked, why on earth the owner(s) of Symmetry would redirect everyone's attention to a post indicating that they run a scam?

Also If I recall well, there was over 700 members in the original Telegram channel... not 19 as of now...

The current channel was created on Monday January 29 (few days only) and been viewed by 127 persons only...

Can anyone shed some light?

I believe - but not 100% sure - that if a Telegram channel is deleted by its owners, then anyone else is free to register a channel with the same name. Read up a few pages, I raised this point and somebody here said that they created the channel to prevent further people falling victim.

Next time, before calling them, do read the posts... As I wrote in my initial post ( https://bitcointalk.org/index.php?topic=2480514.msg28957307#msg28957307 ):

• I emailed Polaris Investors AG, the company of the advisor "Mike Henkel". Their quick reply was "We were not aware of the fact that apparently people are using our name on Linkedin. This guy seems to be a fake and does not work with us. Honestly, I would not touch an ICO where a guy claims to be an advisor if he uses firm names randomly". And I got a kind remark that they would short SYMM  :).
• I can add to that: Tom Capital also mailed back to me that they don't know any Oliver Purr, so please don't call them ;).
• Directly after I made my post I reached out to all the ICO review sites that had them on their site and luckily some of those sites responded quickly by at least adding a remark with their article.
• In LinkedIn, I marked all team & advisor profiles as fake. Please do so too.
• I sent a note to the moderator of this thread to change the title to "SCAM...", but unfortunately that's not allowed by the forum rules:
  From https://bitcointalk.org/index.php?topic=703657.0 (https://bitcointalk.org/index.php?topic=703657.0):
  
  Quote from: mprep on July 21, 2014, 05:27:51 PM
  Q: Why haven't you banned <insert scammer username here> who is an obvious scammer?
  A: Possible (or real, not for me to decide) scams are not moderated to prevent moderator abuse. If we start picking out which ones we call "scammers" and ban, we would make a lot of decisions based on biased opinions.

I do like the idea of finding these scammers, but they covered their asses pretty well. I got the suggestion that maybe Europol might be a good entry point, but they point you back to your national police ( https://www.europol.europa.eu/report-a-crime/report-cybercrime-online ).

In Etherscan i still find a lot of advertisements from symmetry fund.  Sponsored Link is standing randomly with other crypto advertisements on transaction hash pages :   Symmetry Fund - 10 Last Days. Only 7.5% Commission. Dividends Paid In ETH Each Month. Join Today!

They even can still advertise in google because the page is still showing me the google ad banners on : https://www.investing.com/studios/article-77

strange, the numbers on the site are growing, advertising on the coinmarket turns, and then they say that the scam, if it's intended, by the team itself, so as not to pay hunters, it's generally shameful.

Done.

It is not strange. They paid for advertising in external services in advance, before shit hit the fan. At this point, we can certainly say that the project has been abandoned and everything was fake just to scam investors. I assure you that from the beginning they didn't even think about paying anything bounty hunters at all.

yes, most likely everything was conceived in advance, even the counter is still growing, and to respond and mark the tables stopped only in the last week

This is so sad... Feeling sorry for you guys and all the lost coins.  :(
Always check Team, check website registration, check enterprise behind it, check the concept, talk to other people, read about it on forums, google for it together with the word scam.

Well, I would just like to thank those who exposed the scam.
I must admit they had me going, I was ready to invest, after some talks on telegram.
So really grateful that others did more thorough investigation than I did.
And sorry for those who had already fallen for them.

вpeмя oт вpeмeни зaxoжy,  в нaдeждe yвидeть зaпиcь, кoмaндa пoявилacь, пpoeкт пpoдoлжaтe движeния, вce вcтaлo нa cвoи мecтa, нo пoкa к coжaлeнию тишинa.

They cheat me, fortunately I didn't lose much, but I already started to talk with two friends about invest here. I've almost convinced them. Fortunately, before they  deposit anything, the whole scam comes out.

  дa тaк мaлo тoгo, чтo cвoe пoтepяeшь, eщe и лишишьcя дoвepия дpyзeй, Я был yвepeн. чтo вce c кoмпaниeй бyдeт oк. Cбopы шли, peклaмa нa cтopoнниx pecypcax a peзyльтaт, мoшeничecтвo.

I was aware of it too from day 1. They have posted their Bounty thread and research a bit of the website and gone shady about the backgrounds of the some of the photos out there. I saw some photos that was used by other ICOs too.

When I ask about why is it only and 360 symm, they cannot answer and said "talk to the bounty manager' and when I asked arteezy bout it he said talk to the team. And that's a redflag for me. 360 symmetry? Even in signature campaign for only 10 people cannot cover the payment but still they continue the bounty and later on after 2 weeks they have change it to 3600 symm. But still it won't be enough to pay people who are still entering campaign and they did't even have a limit.

I, too, can not understand anything in this situation, everything is very strange and confusing. It would be nice if someone gave an explanation

I had the same situation. I turned to the manager-he directed me to the team, they told me the same thing. This is some kind of nonsense

the team did not appear, they could take a break, and everything was set up, because in fact there was almost collected the necessary amount

since none of the representatives of the team is responding, apparently the project still had a run, collected loot and fled.

Unfortunately, all the facts and recent events indicate exactly that. Now I do not know what to do-forget about it or continue to wait for news :-\

We have no choice, we can only wait for news.. :( Unfortunately, all evidence says, that even if dev team come back, it will be very difficult to rebuild this project and investors trust..

You are right, it seems to me that the most important thing is that the trust of investors has already been lost. Already probably there is no sense to do something

It can not be said that there is nothing to do. I understand that everything is traceable and at some point the thieves have traced. To start with I got an announcement from:
https://icotracker.net/current

There are numerous ICO scam such as:
https://volk.fund/investments/#1505156951947-2906f627-2d86

There are about $ 4 million in the hands of maybe terrorist or criminal thieves who can hurt our backward society. Our obligation is to make a complaint. Is there someone who has started the initiative?

for more than a month no one comes to the branch and does not disprove the version of that symmetry, crooks, seems to have nothing to wait for.

Unfortunately, it turned out to be a scam. Even the manager said it was scam. Sad but it's the end.

It's sad, but there's nothing to be done about it. Once again, I am convinced that before taking part in any project, you must first study everything well

  дa тyт xoть зaизyчaйcя,   yжe пoчти кaпy coбpaли, peклaмa шлa нa кoинмapкeтe,  вce вpoдe былo oтличнo , никaкoгo пoдвoxa.

If you lost your invested money, you can do something about it: Go to your local police office and make a report. There is a very small chance to find these guys, e.g. finding the owners of the website etc...

It seems to me that all these actions will be meaningless. If you have invested a little money, then you do not even have to do something, but if you invested a large amount-then of course you need to take action

Yes, apparently you will not do anything anymore, there is not enough on the website owners that it can give, even if translations to the address of the contract, to find it, they also get it without any documents.

unfortunately, though zaizuchaysya if the project was conceived as fraud, it is difficult to determine it, because there are also not fools sitting, and they know. How to disguise.

I don´t think so. In the Telegram channel no announcement about it. Or is there another channel active about Symmetry ?