Key Points

• ICO offering new ERC-20 token on Ethereum network – SIFT
• Each SIFT is a share in a cryptocurrency investment and trading fund
• Company has 10 year history developing and selling market analysis software for forex and commodities
• The fund uses proprietary Smart Volume Analysis which has its origins in volume spread analysis
• Exchange rate of 100:1 – each SIFT costs 0.01 ETH
• ICO runs from 1st August until 15th September – 45 days
• Unlimited release of SIFT during ICO – this determines fund’s value at the time that ICO closes
• Dividends paid monthly to investors as well as asset appreciation values
• Estimated ROI of 40% per year to investors
• Fund to hold all money in USD/EUR/GBP apart from for the duration of trades and controlled cash-out period following the ICO
• White paper released to provide full breakdown on investment and risk-mitigation strategies
• Source code available for inspection on GitHub and validated contracts are on Etherscan
• Dividends paid via blockchain
• Transparency information published via blockchain, read-only API keys and independently audited
• Founders come from both trading and software backgrounds with almost 50 years of experience between them

Benefits for Investors

• Monthly dividend payments
• Continuous appreciation of asset value
• Estimated ROI of 40% per year
• Low-risk trading strategy
• SIFT’s value always has a physical asset (USD/EUR/GBP) to back its worth that is audited externally
• Fund value, and therefore investor value, is held in USD/EUR/GBP
• Investment in company with more than a decade of experience in the development of VSA trading algorithms
• SIFT designed to support transparency and voting rights for all investors

Summary
We are announcing the ICO of SIFT – an Ethereum token that is backed by a trading fund.  The ICO will run from August 1st until September 15th, 2017.

Smart Trader is a software product that was created in 2007 after a discussion on one of the world’s largest forex trading boards.  It uses market volume and range data to determine what the largest investors are doing before the rest of the market has reacted.  This is an advanced technique that we call Smart Volume Analysis which has its roots in volume spread analysis and isn’t often used by retail investors.

Since its creation, Smart has developed its own unique signals which have allowed thousands of traders to reliably and consistently make money – In fact, many of these traders rely on Smart as their primary income stream.

Smart Trader has been significantly improved and upgraded in the past year and as a result it is able to predict movements in the crypto markets with a high degree of accuracy.  Our algorithms use artificial intelligence to build a complete picture of a market’s trends over time. With the huge one-day fluctuations in crypto values over the last couple of months Smart has proved itself with most signals returning between a 75% and 100% hit rate depending on the signal and currency.

Smart is now launching an investment fund with funds raised via an ICO for Smart Investment Fund Tokens (SIFT).  SIFT can be purchased at a rate of 0.01 Ether via a smart contract and the total amount of SIFT that can be raised during the ICO is unlimited.  The amount raised will directly relate to the initial fund size – the more raised, the larger the trading balance.

At the end of the 45-day ICO the fund will start trading following a number of rules and risk-mitigation techniques that are detailed further in our whitepaper.  Once a month, half of profits will be returned to investors in the form of dividends (paid in ether via a smart contract) whilst the rest of profits will remain in the fund so that the asset value grows.

Having completed a significant amount of testing, including multiple simulations based on historical trading data, we believe that returns on investment of 40% per year are realistic and expressed by both dividends and asset appreciation.

SIFT is supported by five different smart contracts at launch that are detailed further in our white paper.  In addition to managing the token and ICO, contracts exist to allow shareholders voting decisions in the future direction of the fund, to pay dividends and to expose transparency information about money held by the fund.  Bank account balances and trading fund account balances will be published to the blockchain daily with read-only API keys made available where possible.  Once per quarter these figures will be externally audited and the results of audits made available immediately.

Smart Investment Fund itself will make money by a management fee applied to the fund.  This fee is only charged when the fund makes a profit and the fee is capped to never exceed a percentage of gross profit.  A full breakdown of the profit calculations is detailed further in our whitepaper.

We’re really excited about bringing the benefits of our proprietary Smart Volume Analysis to crypto-currency trading.  There’s a lot more information in our white paper for additional reference and we’d love to answer any questions that you may have.


Founders
James May started his career as a trader in the 1980s working in Wall Street.  After several successful deals and working with many IPOs he retired from trading before he was 30 and became an early investor in Netscape at the start of the web.  Over the past twenty years James has worked with numerous internet-based startups and grown the Smart Trader business.  Having developed Smart as a product initially for forex markets, James adapted the trading algorithms to crypto currencies in 2013 and has been working towards this product launch ever since.

Guy Powell has worked as a software developer and architect for some of the world’s largest technology companies as well as launching businesses in the music and retail sectors.  His work has covered everything from mobile apps to architecting security systems for government agencies and everything in-between.  For the last year he has spent his time working with James on the launch of the Smart Investment Fund and undertaking a PhD in robotics and artificial intelligence.  His interest in crypto-currencies started in the first days of Bitcoin and he has been writing software that integrates with blockchains since 2012.

A lot more information on our founders is available in our whitepaper.


Links and Downloads

• Website: http://SmartIFT.com
• White Paper: http://SmartIFT.com/whitepaper
• Source Code: http://github.com/SmartIFT
• Windows GUI: http://SmartIFT.com/sift-win

Investing
Once the IC opens you can invest in SIFT either by downloading the Windows desktop application from our website or by sending a balance of ether directly to our smart contract.  The address of the ICO smart contract is 0xf8Fc0cc97d01A47E0Ba66B167B120A8A0DeAb949 and the ICO opens on 1st August.


Contact Details
You can reach us either through this post or via e-mail at ico@smartift.com.  We are happy to speak with investors large or small and are available on various other social media sites:

• Telegram: https://t.me/smartift
• Twitter: https://twitter.com/smartift
• Reddit: https://www.reddit.com/r/SmartIFT

Maybe, in some points, you're right but this doesn't change the ico craziness. Let's have a look at the altcoin announcement forum and you'll see what I mean. This is just crazy to see 20+ new ico every day.

I want to begin by saying that the Slack app is a very valuable application and allows for the management of community communications in an orderly and efficient manner.  The community manager can set various channels within their slack channel that allows segregated posts, some allowed for the company only and some for general participation.

I started joining various slack channels as I started following ICOs as it is the easiest way to get real time information from the company.  The companies have moderators that are available to answer all kinds of questions and concerns.  From missing contributions to just questions about the ICO, they can answer.
It has also been a big tool for me as a blogger and writer about ICOs to get accurate data from the company directly.

Slack and Security Issues

Built in the slack application, is the slackbot which can send messages to you directly.  What has been happening is that the slackbot is sending scammy messages in these groups.  Posting incorrect ETH addresses and asking you to take some action not authorised by the company.  They have been guilty of massive phishing.

The simple question is, why do these companies continue to use Slack as the manner of communication if this issue is known.  I spoke to the CEO of one of the current ICOs and he said that it is difficult to migrate the slack participants to another solution.  He added that there really is not another solution that meets the requirements.  He had already turned off the slackbot functionality.

We will have to see if companies continue to use this app for their communities and communicating with them in the future.  Is there a comparable app out there?  There has to be a better solution.

Just my thoughts.

More of my thoughts here:

https://urbancrypto.com/category/blockchain-my-thoughts/

No, he didn't, and I have had this audited by multiple parties.

Alright, here is the story - it is quite entertaining so I may as well let you in on it. First of all, I agree this One Coin POS is a fucking fake. He's horrible; he flies around South East Asia and stays in crappy 3 star hotels spouting bullshit about the Blockchain etc., etc. from what I can tell and what I have heard Actually, before I even knew that Marcelo had come across this fat fuck and his two Vietnamese sidekick prostitutes via an introduction from someone. Immediately I could tell this guy was full of shit.

Anyway, long story short, I ended up leaving the meeting early and I never heard from him again (I don't think he liked me very much either to be fair). He was so obviously running a ponzi scheme that I ... was amazed anyone believed him at all. Anyway, he did seem to have this weird network marketing business he was pumping etc., etc ... the whole morning over coffee with him and those prostitutes he brought to coffee was so tasteless I will never forget it.

Months later, I see this troll on the internet beating up Marcelo for apparently working for the guy. Which just doesn't make any sense at all. If you know Marcelo you know he is the kinda guy who won't even take $10 from a friend without knowing he has it at home first to pay it back. He's that honest. I am a bit more ruthless, and at times I guess that has got me into trouble (although I have never lost anyone any money - which keeps me safe I guess. Still, google the whole fiasco with ALD you will see what I am talking about! Details all at DMH&CO website on the front page drop down menu.) But Marcelo - he's the nicest, most honest guy you will meet. Let me give an example of this. Last year, he had a $250,000 check from an investor, but the check would only cash if he could find another $250,000 by a certain date. I told Marcelo, "is the investor a VC or a private person?" He said, "a VC fund." I said, "Oh in that case just say 'fuck you, I am holding on to your money, you should not have put it in my account in the first place, and I will go and find the other guy you need to justify the investment later this year at some point." I am just like that; I believe you have to strong arm people, you have to play rough at times to get ahead etc. Marcelo however, looked me straight in the eyes and said, "No I won't do that. I refuse to do that. It's just wrong." I emphasise I really tried to talk Marcelo into my idea as I firmly believed I was right here (although admittedly it was none of my business; this concerned a separate company Marcelo was running.) Marcelo actually handed back the check as well! I could not believe it. I was head in hands for him. I just cannot admit defeat that way; but he did so gracefully and honestly. (Marcelo and I are a good combo like this; aligned in interests but very different people. It often makes sense to work with someone who's your opposite, keeps you in check.)

My point is, when you know Marcelo personally, you know this is just ridiculous.

So I could not for the life of me work out what this was about when the guy came banging on a video  wall on my YouTube yelling about Marcelo and I asked him the other day "what the fuck were you thinking working with One Coin? The fat fuck is a fraud!" Marcelo would not tell me what happened as he was under an NDA!! But someone else (let's call this person a mutual friend) did tell me exactly what happened ... the fat One Coin fuck asked Marcelo to audit some tech for a week in the south of EU (I am guessing the guy probably was hurriedly trying to develop a Blockchain to cover his blatant fraud). That is it. That is the beginning and the end of the story.

I went back to Marcelo and said "Marcelo, you have to denounce this guy!" Marcelo tells me, "I can't do that. I am under an NDA and if ... if it looks bad well, it was my decision. I have to face that. But I know nothing about the guy's business at all."

Guys - here is the rule. I picked this team cause they are fucking honest and fucking brilliant. Come at me as hard as you want, but stay away from my team. They are good people, every one of them. They frankly are probably better people than I am. I just don't care about breaking rules if I feel a certain way. So here it is. That's the story. Funny maybe. Fraudulent? Nah.

The ICO website works fine here?


Everyone I would like to make a change to the ICO. After launching the hype kinda stayed out and we made a miscalculation on that. We have changed the ICO bar for a soft cap now of 500 ETH on our website, that we want to collect to be able to build the platform. I really feel this platform can change the world and will try to do everything to get this platform built. I invested months of my time into this idea and I am not letting it go like this. I will try everything to gather the soft cap and maybe more.

On the contribution contract itself, nothing will change we will see after the ICO, if the team, tribe economy and bounty holds too many tokens we are planning to lock a portion of tokens away for future usage in TribeToken and burning a %.

We will do everything that is possible to let TribeToken succeed.

I would add to it, which Platform is it based on, I would stay away of all project that are built on top of an existing blockchain but not built on top of top 5 crypto currencies. (e.g. Next platform thats not user friendly at all).

Victor

According to this fucking moron reporter over at gizmodo.  

http://gizmodo.com/bitcoin-all-time-high-1792712406?utm_campaign=socialflow_gizmodo_twitter&utm_source=gizmodo_twitter&utm_medium=socialflow

I will avoid if there is no escrow. I feel that if the team is more likely to deliver their promise if they willing to receive funds from escrow in progressive payments against work delivered.

Source? Try clicking on where it says "Read more"

That might get a little messy as shillers would abuse the ranking system.  Even if you have people rank the 'rankers' fake accounts can be created to manipulate this process.  Bitcointalk trust scores may help but other precautions should be taken.  How can this be set up in a way which it cannot be manipulated?

For now though I am just going to have fun doing the data mining on my own based on whatever features I can extract from ICO websites.  Bitcointalk announcement threads would be a great source of data but I am unsure of their site scraping policy.  Need to check on that first.  I am currently compiling a list of ICOs and their urls from several ICO sites but I will eventually need to label which ones are scams.  Another thing to predict will be overall success - we can use market cap a certain period after launch but my main interest is in scam modeling.  I will get back to bitcointalk in a few days with the next steps.  Once preliminary results are in we can all try to identify further features to use in the data mining/machine learning process to create more sophisticated models. 

As for the idea that scammers will use threads like this to improve their technique the field of 'adversarial machine learning' comes to mind.  It can sometimes be a cat and mouse game - as they modify their approach we will need to continue to develop better detection strategies.  It is a valid concern though.  The model used to detect and classify attacks/scams should not necessarily be published, BUT detection and classification of scams/attacks does need to occur.

Simple thought for accountability and integrity.

If an ico/project doesnt deliver then should the campaign manager and members getting paid for their sigs and profile pic be neg rating for spreading the word?

icos are rampant many scams and account farming for this. is it time to neg them if the ico or proj is a scam later? it makes people accountable for their account and posts.

skincoin for example
https://bitcointalk.org/index.php?topic=1944508.0

the whole topic is mainly sig members promoting it as they arent going to say anything not positive as they get paid. this falsely drags people in to invest. the sig member likely doesnt even have the coin.

by neging their account if it doesnt deliver or scam results that sig wearer cant use account for another sig campaign and ensures they vet what they are being paid to promote.

should campaign managers be responsible in the same way so they run reputable campaigns? or should campaign managers be responsible to neg members if the campaign results in lies or not delivering?

thoughts?

seems to be a way to police the rampant icos and campaigns.

The lead dev is not sure if he wants to unmask yet.