Bitcoin Forum
July 08, 2024, 03:14:24 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: blockchain tradeable mutual fund (BTF)  (Read 23 times)
coiner549 (OP)
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
June 21, 2021, 01:51:47 PM
 #1

FirstBTF is looking for ideas and opinions on our blockchain tradeable mutual fund  project.
 the idea is to back a coin with real assets. you can think of it as a cross between a stable coin and a mutual fund.  when a coin is issued, the funds are used to buy investments  like stocks, bonds and other securities. the value of the fund is added up  and divided by the number of coins in circulation o give a net asset value of each coin.   the fund would issue or  redeem coins  at net asset value. the coins could be traded on crypto exchanges. there would be no hard cap on the number of coins issued as the fund size would grow as more coins are issued.   a new BTF blockchain  and several distributed applications  would be developed to support coins using this model we hold the trademark to the BTF term so no coin can be called a BTF without using the BTF blockchain and following BTF rules. the BTF blockchain would incent mining through a coin separate from fund coins. the intent at the moment is to create a new coin called Svintanis to be the " gas" of the BTF blockchain. an interim step in this process is the launch of the Svintani token on the binance blockchain  to fund the BTF blockchain development.   What am I missing in this concept?

the first coin/fund  on the BTF blockchain would be the Raznolik fund. Raznolik, the Serbian word for diverse, was chosen to reflect a diverse mix of asset classes in the fund. the goal is to create a stable digital currency without the volatility of cryptocurrencies. political risk of a single country or inflationary pressures of government spending. by holding a diverse set set of assets while  issuing and redeeming at NAV, the Raznolik  coins value would remain relatively stable in true terms of purchase power and utility. look for the Svintani tokens soon.

UKprod
Member
**
Offline Offline

Activity: 237
Merit: 67

Let's create the Indie Metaverse!


View Profile WWW
June 21, 2021, 08:23:51 PM
 #2

If the assets that are being backed are stocks, mutual funds and securities, then what is the difference between ETF and BTF? If both have the same concept and similar type of backing, I really don't see a major improvement. What you are trying to do is essentially tokenizing ETFs.

Don't be discouraged, I'm just analyzing this from a critical viewpoint.

█▀ ▄▀ ▄▀ ▄▀              EvoPix Studios     |     Creating a Reindeer Metaverse             ▄▀ ▄▀ ▄▀ ▄█
Created for the explorers
►►          Full Indie Development EvoPix Studios          ◄◄
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!