Symmetry
FUND
Whitepaper October 2017
www. sym m e try. f u n d
www.symmetry.fund
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Introduction Cryptocurrencies like Bitcoin, Ethereum, Ripple, Dash and Litecoin are disrupting how currencies are distributed and held every day. With cryptocurrencies still in the early stages of adoption, it can be difficult for people to understand how to obtain, hold, and trade these currencies on their own. Growing interest from investors about cryptocurrencies is making the possibility of investing in a fund that trades cryptocurrencies extremely appealing. With the ability to invest at a variety of levels, securely store funds, and have input into how a cryptocurrency investment fund is managed, Symmetry Fund (SYMM) is offering investors the opportunity to gain exposure to the cryptocurrency market without the complexities of personally trading it themselves. As in investor in SYMM, you will enter a managed fund that allows you to take part in the moves of the cryptocurrency exchange without the effort and significant capital investment that would otherwise be required when trading individually. Offering a diversified portfolio with market cap above $1B, SYMM has a minimum average volume of $100M in each cryptocurrency it trades including Bitcoin, Ethereum, Dash, Lite Coin and Ripple. SYMM is specifically designed for trading cryptocurrencies and investing in early stage Initial Coin Offerings (ICOs). The fund offers many of the same advantages and protections of a managed mutual fund while providing its investors exposure to the cryptocurrency market.
About Symmetry Fund (SYMM) 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. To ensure the whole fund isn’t exposed at any time, SYMM will always hold a percentage of funds in a prudent reserve. Further risk mitigation will also be provided by applying weighted currency and signal risks to each currency in the SYMM investment portfolio (BTC, ETH, XRP, DASH and LTC). When not in a trade, SYMM’s funds will be kept in fiat currencies (USD/EUR) so that the funds are not exposed to the volatility of blockchain assets. Keeping the fund’s exposure to blockchain assets to a minimum reduces the impact that large fluctuations in the value of cryptocurrencies may have on SYMM’s capital value. To monitor the current reserves of the fund and the fund’s value, a self-certification system is included so shareholders can monitor their investment at any time. The fund’s self-certification will occur daily while monthly external audits will be conducted by the Big Four accounting firms. Performing daily selfcertification of funds in conjunction with monthly external audits will ensure transparency and trust between SYMM fund managers and shareholders. Ensuring that investors will have input in the direction of SYMM is also an important part of the fund’s methodology and objectives. Shareholders will be able to vote on any decisions that affect the future direction of SYMM. Shareholder votes will occur on changes and developments such as proportion of the funds invested in ICOs and deciding which pairs will be traded.
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www.symmetry.fund
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 r