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 and 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 fat 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-certifcation system is included so shareholders can monitor their investment at any time. The fund’s self-certifcation will occur daily while monthly external audits will be conducted by the Big Four accounting frms. Performing daily self-certifcation 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.