No there is no pre-sell - the ICO is slow running and no bonuses or giveaways.  Every ETH has the same value for the fund.



We ran a small social media bounty campaign but this is now closed, no further plans.

Hi,

Guy from SIFT here.  I wanted to try and respond to the points you've raised.

1. Domain privacy service.
We do indeed use domain privacy.  Those of you that register domains know the huge amount of spam and service offerings that are received.  I've posted my LinkedIn profile publicly - it's in the Whitepaper and refered from almost every article about us.  I've also included links to my personal YouTube channel, Twitter feed and my university research profile.  James doesn't use social media publicly but did open his feed up to Smith & Crown to publicly verify his identity.  I'd hope that provides some degree of personal identity.  These links are on pretty much every post written about SIFT and on almost all listings.  From a personal perspective I've promoted SIFT within my LinkedIn feed - a network of people I've worked with over a decade and built up long-term contacts from.  We've got people investing that I've worked with and established long relationships with.  I appreciate that you don't know that but from my own perspective I've put my personal identity and reputation behind this so I very much want to show that.


2. Years of experience.  This is referenced a couple of pages into the whitepaper with URLs in the footnotes including a link to a thread in ForexFactory that started back in 2009 going through the product in its various evolutions from Pipbuilders to Smart Trader and SmartVSA.com and the other services that have been offered related to it (Trade Relayer, etc.).  The ForexFactory thread is about 450 pages long and mostly covers the period of 2009 to 2012 when initial client base was built up.  There are also G+ and Facebook groups that discuss it further as well as a few Smart clients that have joined our Telegram room.  I appreciate you reference that ForexFactory hasn't got much activity - later on - it's mainly promotion - but it does initially and if you search for the history it's not exactly hidden online.


3. Website standards.
I appreciate the site isn't as whizzy as it could be - actually there's a new version we're working on aside from all this but with a focus on delivering the products and no major issues that have come from it our focus has been on development of core functionality rather than marketting assets.  For one of the best delivering funds take a look at their website http://www.berkshirehathaway.com/ - shiny web standards that become outdated very quickly are a representation of nothing more than a small spend focussing on that area.  We do plan a relaunch of a site, probably in 2018, when we release some major new changes to our volume analysis - but it's not been a priority.


I'd highly recommend joining our Telegram room - we've been posting trade analysis from our systems as we've had it come in over the last few weeks.  This has included us announcing our exit criteria and price levels.  We've then been posting again with corresponding signals in real time following the trades on.  Even if you doubt our history (of which there is plenty) then the trade and chart analysis we've put out during the ICO has been completely accurate so far - we've detailed expressly when we would not be trading as well even in a market that seems like it would support it, rather than just riding the recent highs.  There are a tonne of ICOs out there that cannot deliver this or show any proof of product.  You can go and purchase ours today - you'll also get a tonne of help setting it up and using it if you do (not for Crypto but for forex) and if you want to see where we are with crypto then our Telegram can show that.

The parent company was registered for the ICO specifically to be based in the UK and to move IP there as a USA comapny base (which is where the original product started) would be highly inappropriate.  This is the case with almost every ICO, it just happens in our case it's a relocation.

I do appreciate your concerns and if there's anything practical I can do beyond pointing all this out - I will.  In the interim regardless of this we've got a fully functional product that we're showing off on a daily basis rather than a product we promise to build in the future or that will be ready once the ICO is complete.  From our perspective this immediately puts us in a stronger position than many other ICOs.

If anybody feels this isn't the investment for you I understand, but I'd hope this can alleviate most people's concerns.  If you've got further questions come and talk to use directly and engage with us on Telegram - we'd love to hear from you https://t.me/SmartIFT

Thanks,

Guy @ SIFT

Unfortunately, as stated on our website, we are not open to investors from USA for reasons stated below, nor will we be looking to list on US exchanges.

We hope to have exchange/liquidity announcements before end of ICO.

Proofs and references to existing clients in public are linked in whitepaper.

Daily trade calls as they're being opened/closed in our Telegram room to take a deeper look at every trade.

There is an ANN in the alt coins section - that's the main announcement.

Posted here as many will suggest that an investment fund that pays dividends as well as NAV is a security - one that trades cryptopairs nonetheless.

We have a proven history, we're making trading calls on a daily basis (if you aren't interested in the ICO then several people are still benefiting from the trading calls we're making in our Telegram) and we're an investment opportunity rather than an ICO proclaiming to develop some technology that doesn't yet exist.

Feels like a valid post to me but I appreciate the fact that you disagree with that.  For anybody else please come check out https://SmartIFT.com or join our room at https://t.me/SmartIFT for daily trading calls to show how our system works along with chart analysis by our head trader.

If there are problems with liquidity in the marketplace post ICO and there is demand from investors we have been considering setting up our own ETH-SIFT exchange where we provide a buy-back and resale service to ensure liquidity in the marketplace - infact if you dig back through the commit logs on Github this was in an earlier version of our code.  It would be completely smart contract based so there would be no manipulation from our side but there are a couple of problems with it:
1. The price we buy/sell at has the potential to manipulate the rest of the market
2. We can get seen as market making our own funds value

We decided not to launch with this but instead to be guided by investors.  The technology is pretty much (we were going to have UI on our website and an application that sits on top of Geth/MIST to make it easy to use as well) there and the question was pretty much whether or not it made sense to do.  We would rather leave this to market forces so that we aren't seen to interfere in natural pricing, and we've also had a lot of investors who have stated they are not fussed with immediate liquidity because they are treating this as a longer-term investment, but if we get a sizeable amount (and certainly if a majority) of investors that want us to provide the liquidity and some service like this we will be doing so.

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

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

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

Thank you for the video - it's greatly appreciated.  For anybody who hasn't seen it yet: https://www.youtube.com/watch?v=v0Mpd5sV5us

The Smart Investment Fund Token (SIFT) ICO has just opened and I thought you guys may be interested.  Ten years ago we started working on a series of volume spread analysis algorithms which resulted in our first product.  This product grew substantially overtime and became Smart Trader - a set of proprietary signals and alerting tools tools for forex and commodities.  These algorithms at their core look at what the "big money" is doing in any market and get in before the rest of the market.  In addition to such signals these have been complemented with AI-based analysis that can determine when a signal is too risky to execute and the win-loss rates for each particular signal and the expectation of how much profit a bar will make (or risk losing) based on the current market conditions.  Smart itself already has many customers and there's almost a decade of forum threads discussing it over at Forex Factory.

For the last two years we've been optimizing our algorithms to work well on crypto-fiat pairs and we've got to the point we're very happy with the results.  Even in the trading situations in the last few days our software has correctly known when to enter and not to enter trades.

The SIFT ICO is an Ethereum-based token that gives holders a right to a share of profits in monthly dividends plus half of profits invested back in to the fund so that asset value also grows.  We estimate yearly ROI of 40% to investors spread equally via NAV appreciation and dividend payments.

We're posting chart analysis to Medium and our Telegram room and will shortly be starting regular trading tips as we get them so that people have a better idea of how well the system works.

The ICO is open now and anyone can invest anything upward of 0.01 ETH at a rate of 100 SIFT per ETH.  Full details can be found at https://SmartIFT.com - including a detailed whitepaper and our ANN is over at https://bitcointalk.org/index.php?topic=2037464.msg20268019

If anybody has any questions fire them over here and we'd love to help

Apologies - the URL redirect has been fixed for whitepaper - https://smartift.com/whitepaper - thank you for pointing this out.

Payouts are the first Monday of every month where there are profits.  The structure is as follows:
1. Trade profits for the month are all added together
2. A management fee is charged at the lower of 1.5% of entire fund value or 15% of that month's profits
3. The remainder is client-profit
4. 50% of client profit is paid in dividends as ETH
5. Remaining 50% of client profit is reinvested into the fund for future trading

If there has been no profit, there is no management fee nor is there any dividend payout

When the fund first starts a maximum of 15% of invested money is taken as operating expenses for the fund.  To ensure shareholder value this is repaid to shareholders before any management fees are taken.

A full breakdown of fee structures can be found at an example calculator assuming a static monthly return (obviously it's much more variable than this, however this is an average from our backtesting) at this page https://docs.google.com/spreadsheets/d/16BQS3VPRp_lAyYuOw2sXyZHk8NIE_F5Xz-XXPVXyiZk

We were running a social media bounty campaign but have temporarily paused it whilst we determine best course of action over the next 45 days during the ICO.  We will post any updates here regarding next steps in bounty.

The investments will be for crypto pairs (i.e. BTCUSD) using proprietary algorithms.  The specific pairs that will be traded are detailed in the whitepaper.  If we ever diversify the trading portfolio to other pairs or to different a different investment class then that will be subject to a vote of tokenholders on the blockchain.

Bounty for Facebook/Twitter thread should be over at: https://bitcointalk.org/index.php?topic=2044165.0

Regarding US investment - correct we won't be taking personal investments from USA as stated on site, main post updated to reflect this

Apologies for this we had a surge of traffic this morning, the site has now been scaled up and is online.

For anybody that's interested an example of the charting analysis that we use is over at https://www.reddit.com/r/ethtrader/comments/6oh8gk/four_hour_chart_of_same_moves_as_yesterdays/

We're aware that just showing you a few PNGs with a few coloured signals on doesn't indicate whether or not investment strategy is doctored so are looking at seeing if we can setup a read-only TeamViewer (or equivalent) that we can pop some trading charts on in real-time.

Reserved

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 is now open 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 is now open.

Please note this is not open for investment to individual US investors - see our site for more details.


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