Bitcoin Forum
October 23, 2019, 06:55:50 AM *
News: Help collect the most notable posts made over the last 10 years.
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [ANN][PRE-ICO] Skye Crypto Arbitrage Fund  (Read 88 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
SkyeCrypto
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile WWW
April 22, 2018, 10:00:28 AM
 #1

Announcing the Skye Crypto Arbitrage Fund – Pre-ICO

Profiting from the Irrationality of Crypto Markets

Highlights
  • The Skye Crypto Arbitrage Fund uses algorithmically driven arbitrage trading methods to capture stable and substantial profits for investors with minimised crypto price risk.
  • Over 6 months of private trading, returns have averaged 32% per month.
  • Fund target is 5-10% per month, with zero net exposure to cryptocurrency prices.
  • Excellent for portfolio diversification or to hedge market volatility, since the fund outperforms during periods of market turbulence.
  • Suitable alternative to USD bonds or savings accounts, since arbitrage returns are stable and consistent, all crypto exposure is hedged back into USD, and token value is 100% backed by USD denominated holdings.
  • 100% of tokens are distributed to investors. No tokens are set aside for Skye Crypto Team.
  • Pre-ICO investors will gain early access to invest in the ICO at a 10% discount one week before its public launch.


Abstract
Unlike traditional equity markets and exchanges, cryptocurrency exchanges currently lack strong collective price discovery, due to their irregular trade volumes, widely differing client base, low liquidity, regulatory segregation, and dominance of momentum-related algorithmic trading strategies. The Skye Crypto Arbitrage Fund (the ‘Fund’) seeks to exploit these market inefficiencies to capture stable and substantial profits for investors with minimised directional risk. The strategy employs an algorithm which actively searches for the most profitable price divergences across the most commonly traded cryptocurrencies, futures, options, and swaps. By simultaneously buying and selling the same asset at these divergent prices across different exchanges, the fund can realise nearly riskless arbitrage profits.
In essence, we aim to offer the most boring ICO in the world — a crypto fund whose positions bear no price risk, and which gradually accretes value from algorithmically capitalising on the irrational trading behaviour of other market participants. Further, as we launch in a two-stage process, Pre-ICO investors will be eligible for a 10% discount when purchasing tokens for the ICO.
Our private trading has exhibited outperformance during periods of high volatility or chaotic market conditions, negligible correlation to other fiat assets, such as company shares or commodities, and average returns in excess of 30% per month. This highly favourable return profile of stable profitability with outperformance when other assets struggle makes the Fund an excellent allocation candidate to diversify a total investment portfolio or to hedge market volatility.


Token Description
Token Name: Skye Crypto Token Series A (SCA) – USD Denominated
Representation: Each SCA token represents a share of the Fund's assets under management and profits after fees equal to the total divided by the total number of SCA tokens in circulation. 
Token Sale Price: 1 SCA = 1 USD cryptocurrency equivalent
Bonus: Pre-ICO investors will gain early access to invest in the ICO at a 10% discount one week before its public launch.
Currencies Accepted: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Stellar Lumens
Minimum Investment: 100 SCA
Number of Tokens: 10 Million – Secondary coin offerings may be considered at a later date if they would add additional value to the holders of existing SCA tokens.
Distribution: 100% to investors in the Pre-ICO. No tokens are set aside for the Skye Crypto Team. Pre-ICO tokens can only be acquired through the Pre-ICO. 
Duration: The Pre-ICO will run from 12:00 UTC May 14th until 12:00 UTC June 14th, or until all tokens are sold. 
Token Availability: SCA tokens will be distributed to investors within 24 hours of receipt of funds. Full instructions can be found on the How to Invest page. Following the Pre-ICO, tokens will be available on the Stellar DEX
Buyback: 100% of Fund profits will be used to buy back tokens anytime after the Pre-ICO if the price of SCA trades at a discount of 3% or greater to its Intrinsic Value (determined as Fund Net Asset Value / Number of Tokens in Circulation). 
Performance Fee: 20% of realised profits in excess of 2% per month (in USD terms)
Management Fee: 0.4% per month (in USD terms)
Platform: Stellar


Full Details on our Website and White Paper
Website: skyecrypto.com
White Paper: skyecrypto.com/s/Skye-Crypto-Whitepaper.pdf



For more information on how to invest, please contact us directly:
Email: info@skyecrypto.com


Social Media Links
Twitter: @SkyeCrypto
Reddit: u/SkyeCrypto
Medium: @skyecrypto
1571813750
Hero Member
*
Offline Offline

Posts: 1571813750

View Profile Personal Message (Offline)

Ignore
1571813750
Reply with quote  #2

1571813750
Report to moderator
1571813750
Hero Member
*
Offline Offline

Posts: 1571813750

View Profile Personal Message (Offline)

Ignore
1571813750
Reply with quote  #2

1571813750
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1571813750
Hero Member
*
Offline Offline

Posts: 1571813750

View Profile Personal Message (Offline)

Ignore
1571813750
Reply with quote  #2

1571813750
Report to moderator
1571813750
Hero Member
*
Offline Offline

Posts: 1571813750

View Profile Personal Message (Offline)

Ignore
1571813750
Reply with quote  #2

1571813750
Report to moderator
kul0n
Member
**
Offline Offline

Activity: 420
Merit: 47


View Profile
April 22, 2018, 10:12:35 AM
 #2

The idea is interesting, portfolio diversification is very important for all investors, therefore your project has every chance of being successful. Good luck to you!
Leodalat
Full Member
***
Offline Offline

Activity: 448
Merit: 102



View Profile
April 22, 2018, 10:28:43 AM
 #3

Skye Crypto Team does not own any tokens, so where will the costs for project development and systems come from? How will you pay for the team members?
SkyeCrypto
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile WWW
April 22, 2018, 10:47:03 AM
 #4

The idea is interesting, portfolio diversification is very important for all investors, therefore your project has every chance of being successful. Good luck to you!

Thanks for your kind words kul0n. We feel proper diversification is one of the key areas missing from the current crypto investment space, especially with the current high correlations between Altcoin and Bitcoin price movement.

Exciting times ahead!
cryptomayer
Full Member
***
Offline Offline

Activity: 399
Merit: 129



View Profile
April 22, 2018, 10:56:25 AM
 #5

Are you opening some bounty campaign?
I think that will help a lot of advertisement to boost the name of this SCA coin to get known by many more investors.
SkyeCrypto
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile WWW
April 22, 2018, 11:10:53 AM
 #6

Skye Crypto Team does not own any tokens, so where will the costs for project development and systems come from? How will you pay for the team members?

A very good question Leodalat. Thanks!

When we were researching how best to offer our arbitrage system, we came across many crypto funds/investment platforms whose ICOs which would reserve 10% or more of their tokens for the team. This struck us as quite unfair to the investors, since it's effectively asking them to take a 10% haircut just for getting started.

From our perspective, investing 100% of investors' funds is the only fair thing to do.


On the costs side, our costs incurred during project development (developing the trading algorithm) have been offset by profits from private trading so far. Since we're launching the Pre-ICO on the Stellar network, costs relating to token development are minimal.

Going forward, the team will take a 0.4% monthly management fee, and a 20% performance fee on profits in excess of 2% per month. These fees cover our operations costs and allow us to continue improvement on our arbitrage engine.

For example, if the fund makes 5% in a month (the low end of our monthly target), the team takes 1% (0.4% management + 0.6% performance) and the investors receive 4%. In this case, the 4% profit due to the investors would either be directly reinvested back into the fund or used to fund token buybacks if the price of the token is more than 3% below its intrinsic value (intrinsic value = Fund assets / tokens in circulation)

Hope that helps!
SkyeCrypto
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile WWW
April 22, 2018, 11:27:02 AM
Last edit: April 22, 2018, 05:53:42 PM by SkyeCrypto
 #7

Are you opening some bounty campaign?
I think that will help a lot of advertisement to boost the name of this SCA coin to get known by many more investors.

Hi cryptomayer. Thanks for the question!

We thought about a bounty campaign. For the Pre-ICO on Stellar, we're keen to credit investors with tokens respective of 100% of their investment. Unfortunately, this doesn't leave any room for bounties.

But also, we'd prefer to grow in a slower way, working with fewer investors, and proving the effectiveness of our strategy through a steadily increasing token price, rather than immediately trying to market as widely as possible.
SkyeCrypto
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile WWW
April 24, 2018, 05:12:55 AM
 #8

Return of the South Korean Premium! Currently over 1% per round trip. Great time to operate an arbitrage system! We can capture this over and over again... 

https://unblock.net/south-korean-kimchi-premium/
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!