Part of the Ethereum (ETH) blockchain, SYMM is an ERC20-compliant smart contract. The fund pays monthly dividends in ETH. A single share in the investment fund represents one SYMM token. The investment fund trades and invests in ICOs for cryptocurrencies including Bitcoin, Ethereum, Ripple, Dash and Litecoin. Shareholders will have the ability to trade their tokens with peers based on market rates. This will allow shareholders to cash-out as the fund value increases over time, in conjunction with receiving a monthly ETH dividend.
Symmetry Fund (SYMM) ICO
An unlimited amount of SYMM tokens will be released in the SYMM Initial Coin Offering (ICO). The ICO will be open for a period of 121 days at the exchange rate of 0.1 ETH per SYMM. One SYMM token will represent a single share in the fund. From the ICO, most of the funds raised will be used for trading purposes. A small percentage of funds raised (up to 10%) will be held by the fund for prudent reserves and administration. Holding back these funds forms part of SYMM’s risk mitigation measures. An unlimited number of SYMM tokens will be available for purchase at a rate of 0.1 ETH per SYMM during the ICO. By sending Ethereum to the ICO smart contract address, investors will be able to purchase SYMM tokens. After sending the ETH to the address, the investor’s account will be credited with the corresponding amount of SYMM shares. There is no limit on the amount of times investors can purchase SYMM tokens throughout the ICO.
As a technology company, SYMM offers individuals the opportunity to gain exposure to the cryptocurrency market without the complexities of managing their own trades and associated technology. Embedded in the ETH blockchain, SYMM is an ERC20-compliant token. It is embedded in the ETH blockchain as a smart contract. Other financial functions of SYMM will also be supported by contracts on the blockchain including management of the ICO, dividend payments, transparency measures, and voting.
The Future of SYMM
The aim of SYMM is to be able to provide a variety of risk levels for investors so there is a solution for every investor interested in having exposure to cryptocurrencies. SYMM will investigate how it can provide current investors with special offers and benefits for new offerings.