Decentralized Fund Management

[Exizzz]

Hey guys,

I just stumbled across this project:
https://unifund.global/
(EDIT2: links are all fixed now)

Its some kind of fund management platform, where you can contribute your Ether into trading groups.
Head of the trading groups are one or multiple leaders. After contribution phase, these leaders can use your contributed money to make trades on uniswap to gain profits. After group closing the leader gets a share of the profit. So what?! Doesnt this exists already on exchanges? Yes.

But this is completely decentralized and rug proof.
The clue is, all funds of all trading groups are held by a smart contract, so a leader can only send "trade commands" to the smart contract and has never control of the funds nor can steal the funds. To further secure the funds of all members the Leader has to put in a collateral, thats gets distributed to all members when the leader closes the trading group in loss.

For me this is the perfect opportunity to further increase my Ether holdings... because i am really bad a trading...

What do you think guys? Do you know other projects like this? Im just curios. Im not affiliated with this project. I just threw an Ether into one of the trading groups. So im technically shilling this project

Here some links if you are curios:
https://medium.com/@UnifundGlobal

https://twitter.com/UnifundGlobal
https://t.me/UNIFUNDANN
https://t.me/UnifundGlobal

Best regards!

[Kavelj22]

After searching the web about unifund, i found nothing. No reviews, no info, no team.. almost nothing. The only source of information is the website itself which also provides nothing but a hacken audit that i failed to prove if it's a legit one or not (maybe fake). Nothing about the team. No whitepaper. And the social media icones are also fake; none of them is linked to any social platform. Even the project is called unifund when the audit file shows another name "unipump". Something is fishy about this project, i don't recommend it to use with real money.

[Exizzz]

After searching the web about unifund, i found nothing. No reviews, no info, no team.. almost nothing. The only source of information is the website itself which also provides nothing but a hacken audit that i failed to prove if it's a legit one or not (maybe fake). Nothing about the team. No whitepaper. And the social media icones are also fake; none of them is linked to any social platform. Even the project is called unifund when the audit file shows another name "unipump". Something is fishy about this project, i don't recommend it to use with real money.

Thanks for your honest answer!

Indeed, the links are not yet repaired. Whitepaper is not yet updated with new name.
Token was rebranded from UNIPUMP (UPP) to UNIFUND (IFUND), just some days ago. First dev-team that migrated a locked liquidity pool!

Smart contracts are fully working!

Here some links if you are curios:
https://medium.com/@UnifundGlobal

https://twitter.com/UnifundGlobal
https://t.me/UNIFUNDANN
https://t.me/UnifundGlobal

https://app.uniswap.org/#/swap?outputCurrency=0x04B5E13000C6e9A3255Dc057091F3e3Eeee7b0f0

DYOR, but I think its a really good gem right now.
Team is anon because of several reasons. Everything can be read in the medium articles.
Come to the telegram channel!

[slaman29]

Seems like a good idea on the front but remember this that in 2017 all these portfolio and fund groups made money, and in the following year ALL of them made huge losses. Many even the famous ones like Galaxy Digital, one of the biggest and most legit if I recall even made more than 50% losses. What does this tell me? I might as well just hold my own Bitcoin/Ether:)

[drlukacs]

Hey guys,

I just stumbled across this project:
https://unifund.global/
(EDIT: Dont buy from the uniswap link in the landing page, there was a swap, that link refers to old token, the real token is IFUND)

What do you think guys? Do you know other projects like this? Im just curios. Im not affiliated with this project. I just threw an Ether into one of the trading groups. So im technically shilling this project

Best regards!

 

Do not be too confident in projects with passive profits when you do nothing, it is a scam that has been around for a long time in the crypto market.
Besides, the domain name is also unofficial and information about the team is not available, you definitely cannot trust them. Be alert and don't be too greedy about profits. Stay away from projects like this, it's a big trap for greedy people.

[Exizzz]

Do not be too confident in projects with passive profits when you do nothing, it is a scam that has been around for a long time in the crypto market.
Besides, the domain name is also unofficial and information about the team is not available, you definitely cannot trust them. Be alert and don't be too greedy about profits. Stay away from projects like this, it's a big trap for greedy people.

Haha, this is no passive profits... its not like every shit yf token with shit yield farming or shit liquidity mining or shit vaults, that have no usecase. This token has a real usecase...

You can trust them, because its already a working smart contract on the Ethereum blockchain.
Thats the usecase of Ethereum, trustless code!

Because of that, it doesnt matter if team is anon or not. They already delivered, so it doesnt matter if its a woman a men or a young guy.

Seems like a good idea on the front but remember this that in 2017 all these portfolio and fund groups made money, and in the following year ALL of them made huge losses. Many even the famous ones like Galaxy Digital, one of the biggest and most legit if I recall even made more than 50% losses. What does this tell me? I might as well just hold my own Bitcoin/Ether:)

It's all about the right Leader. Every Professional Trader has to make income to pay his living, so I don't think he risks 50% of his money. Trading works, if you are not emotional and have the whole market in view.

But I see, you guys really didn't read my beginning post. The leader can put a collateral into the trading group. When the leader makes a loss, that collateral will be used to compensate all members of the group. So the leader has to make profits

So If the trader has put in enough collateral, you could throw as much ether into as you can, and your funds would always be safe from losses!
Its kind of the same like borrowing money with crypto lending platforms. You have to put a collateral, so that you can't run away with the borrowed money.

[Lordhermes]

I think your explanation here is enough to convince us to be true, but the main problem is this, never use money you can't afford to loss, that had been a specific investment code, I will seen a great back up team, I think I would joined because I'm not good too at trading. Remember, so many project came about some couple of months ago claiming to be operating on ethereum smart contracts, the name of the project was 1K Million Money, you can search on Google for more details, they scam a lot of people, so I don't really think I can participate in any smart contract investment platform.

[Ucy]

Hey guys,

I just stumbled across this project:
https://unifund.global/
(EDIT2: links are all fixed now)

Its some kind of fund management platform, where you can contribute your Ether into trading groups.
Head of the trading groups are one or multiple leaders. After contribution phase, these leaders can use your contributed money to make trades on uniswap to gain profits. After group closing the leader gets a share of the profit. So what?! Doesnt this exists already on exchanges? Yes.

But this is completely decentralized and rug proof.
The clue is, all funds of all trading groups are held by a smart contract, so a leader can only send "trade commands" to the smart contract and has never control of the funds nor can steal the funds. To further secure the funds of all members the Leader has to put in a collateral, thats gets distributed to all members when the leader closes the trading group in loss.

For me this is the perfect opportunity to further increase my Ether holdings... because i am really bad a trading...

What do you think guys? Do you know other projects like this? Im just curios. Im not affiliated with this project. I just threw an Ether into one of the trading groups. So im technically shilling this project

Here some links if you are curios:
https://medium.com/@UnifundGlobal

https://twitter.com/UnifundGlobal
https://t.me/UNIFUNDANN
https://t.me/UnifundGlobal

Best regards!

Interesting.
How safe is it?
Do they have Terms of service... and have you gone through them to know if this is very safe or not? How about the smart contract, safe?  

To further secure the funds of all members the Leader has to put in a collateral, thats gets distributed to all members when the leader closes the trading group in loss.

No possible losses for traders in this^ case?
I wonder what they used for the collateral, their token?

Anyway, I would advice members not to put what they can't afford to lose until they are sure this is very safe.

[ryzaadit]

Yeah, yeah, yeah

Just another similar service when someone offering to you will trade your money on their bot, system, AI, or anything. In the end, you still gonna lose your money but still need to be required to pay for their service.

Simple, if you cannot trade by your self then do not trade buddy!

[senyorito123]

Yeah, yeah, yeah

Just another similar service when someone offering to you will trade your money on their bot, system, AI, or anything. In the end, you still gonna lose your money but still need to be required to pay for their service.

Simple, if you cannot trade by your self then do not trade buddy!

Such a strong advice my friend, it's somewhat decisive act for a person with principles. However, when selling your coin that needs more analysis and effort to determine the right actions. We can't afford to loss our money in one glance, that's why don't be bothered with other offers coming from strangers. Always trust your instinct, because every decision we come up ourselves is always liable for what we've done and we can't blame no one.

[Twinkledoe]

Yeah, yeah, yeah

Just another similar service when someone offering to you will trade your money on their bot, system, AI, or anything. In the end, you still gonna lose your money but still need to be required to pay for their service.

Simple, if you cannot trade by your self then do not trade buddy!

Such a strong advice my friend, it's somewhat decisive act for a person with principles. However, when selling your coin that needs more analysis and effort to determine the right actions. We can't afford to loss our money in one glance, that's why don't be bothered with other offers coming from strangers. Always trust your instinct, because every decision we come up ourselves is always liable for what we've done and we can't blame no one.

And most of the time, the seemingly good offer from stranger is really just to screw your funds. Even if they are saying it is decentralized, you don't know the backdoor they have. Remember, when the hacker stole some tokens in kucoin, some of the tokens got frozen by their respective devs? So it means, they still have the control on their tokens.

[piebeyb]

these projects are often created usually their names are always almost the same as popular sites, there are many projects like this out there, I'm not sure looking into the site and it doesn't look attractive yet, so be careful to support a project

[Harriti]

I don't trust services like this, because if you don't work, you'll never make a profit.  projects like these are a lot on twitter and a lot of people have been scammed. Before they get your investment, they make a lot of promises and give concrete evidence of inability to manage the fund.  But somehow, when they hold a huge amount of money, they steal it and blame it on hackers
So my advice is don't give money to anyone.  master it and make a profit with your knowledge.  That will help you trade much better in the future and gain experience in the financial markets.

[dunfida]

I don't trust services like this, because if you don't work, you'll never make a profit.  projects like these are a lot on twitter and a lot of people have been scammed. Before they get your investment, they make a lot of promises and give concrete evidence of inability to manage the fund.  But somehow, when they hold a huge amount of money, they steal it and blame it on hackers
So my advice is don't give money to anyone.  master it and make a profit with your knowledge.  That will help you trade much better in the future and gain experience in the financial markets.

They wont learn if they wont experience losses or being scammed.Its not really necessary to be scammed but most likely people do really end up on this kind of path.
They do initially believe that these simple things do exist like automation of trades and be profitable in the end of the day without even realizing on how reality works.
Lots of project that had the same concept in the past but they do just offer these common service which had been known that it neither just trying to scam
out to those people who planned on using those too good to be true service.

[katmai]

I don't trust services like this, because if you don't work, you'll never make a profit.  projects like these are a lot on twitter and a lot of people have been scammed. Before they get your investment, they make a lot of promises and give concrete evidence of inability to manage the fund.  But somehow, when they hold a huge amount of money, they steal it and blame it on hackers
So my advice is don't give money to anyone.  master it and make a profit with your knowledge.  That will help you trade much better in the future and gain experience in the financial markets.

They wont learn if they wont experience losses or being scammed.Its not really necessary to be scammed but most likely people do really end up on this kind of path.
They do initially believe that these simple things do exist like automation of trades and be profitable in the end of the day without even realizing on how reality works.
Lots of project that had the same concept in the past but they do just offer these common service which had been known that it neither just trying to scam
out to those people who planned on using those too good to be true service.

I wholeheartedly agree with this. I believe cryptocurrency is about the people and should be an exercise in trust and honesty. That's why i am willing to throw 1-2 eth at people and projects i resonate with and see what they are made of. Yes, i will experience wins and losses and that is the game. It's part of the process. It's part of me learning who can i trust and who i cannot. This is the way i managed to make friends and figure out small gem projects i want to stick with and see what they will do in the future. I believe the whole crypto space is about establishing trust in people. If i can't trust people then this isn't a worth living in, so i will keep trying to place bets on people and figure out the honest ones.

If one dreams of 100x 1000x profits, there's no other way but to take leaps of faith and take risks. Any of the projects that are now worth billions, top10, and might change the future, how did you think some of them started? With a few believers and a sheet of paper. To put this into perspective for you, Binance started as an idea on a napkin and that's a fact. Yes, the most "approved" way of investing is putting your money on people with solid credentials, non-anonymous teams, etc. However, i believe the world is about giving chances to people and establishing trust. This is how we become stronger, by giving each other opportunities.

Otherwise, hoard btc and eth, and hope for others to have faith and trust and give people chances to fail, so that the wheels keep turning. But from my perspective, it's way more fun to be part of the ones that attempt to turn the wheels.


Last but not the least, here is a video message from the CMO of Unifund: https://t.me/UnifundGlobal/43363

[puremage111]

There's another similar project called KAIRO iirc
I've been one of their fund manager before

I sincerely believe that Decentralized Asset/Fund Management is something that are important in the DEFI industry
For the website you pointed out
IF and only IF they don't exit scam, and if their protocol and smart contract is safe (I have no idea how to check on code, pardon for this)
They can definitely make a stand in the market

They required Collateral in iFund and also Ethereum for the group
On my perspective, unless they are fully proven that they are a legit project
Else i wouldn't really pass them any of my coin
Same to all other DEFI project that look "REAL"

[Crypto_lion]

So is the next phase of evolution in investing in crypto currency?
Instead of users directly investing by themselves they give their assets to be managed by a third-party, just like how mutual funds are.  But is this a wise way to go centralised ?

[shoreno]

its supposed to be decentralized fund management  and it means that we are in full control of our funds , with the word management means we manage our own money but why we are going to share this to others or to those alleged expert traders ? isnt that risky and more riskier than other simillar service which centralized . what we have here is decentralized . that means there is no escrow ? what if they are gonna scam us or traders are gonna run away with your money .

Do you know other projects like this?

i have read a post about primexbt/covesting ?  thing before   and also etoro's  copy trade  . i think they have a similarities to this  .

[Silberman]

Seems like a good idea on the front but remember this that in 2017 all these portfolio and fund groups made money, and in the following year ALL of them made huge losses. Many even the famous ones like Galaxy Digital, one of the biggest and most legit if I recall even made more than 50% losses. What does this tell me? I might as well just hold my own Bitcoin/Ether:)

This, assuming that this is not a scam of some sort this seems like the perfect situation for those traders, if they happen to earn money while managing the capital of someone else then they can keep a significant amount of the money they won on the markets but if they happen to lose then they take no responsibility and it is the investor that needs to absorb the losses, so as long as they can keep getting clients then they can keep earning money at no risk for themselves, to me it seems it is a way better option to just learn how to trade by yourself, I know it is hard and it takes time but once you do this all your profits belong to you and you do not have to share them with anyone as it is the case here.

[enhu]

Seems like a good idea on the front but remember this that in 2017 all these portfolio and fund groups made money, and in the following year ALL of them made huge losses. Many even the famous ones like Galaxy Digital, one of the biggest and most legit if I recall even made more than 50% losses. What does this tell me? I might as well just hold my own Bitcoin/Ether:)

This, assuming that this is not a scam of some sort this seems like the perfect situation for those traders, if they happen to earn money while managing the capital of someone else then they can keep a significant amount of the money they won on the markets but if they happen to lose then they take no responsibility and it is the investor that needs to absorb the losses, so as long as they can keep getting clients then they can keep earning money at no risk for themselves, to me it seems it is a way better option to just learn how to trade by yourself, I know it is hard and it takes time but once you do this all your profits belong to you and you do not have to share them with anyone as it is the case here.

But isn't this like handing out your funds to the funds manager to trade it?

They may not have the coins on thier wallet because its all in the smart contract but its the same as they are the ones trading for you. I have not seen any accusations regarding them though. By the sound of it, Unifund.global doesn't hold their contributor from withdrawing thier funds.