HOMEABOUTBLOCKCHAINCRYPTOCURRENCYICO CryptoDime - Investing In A Decentralized Blockchain Economy
CryptoDime - provides an opportunity for investors who are looking for the easiest way to get into a decentralized economy.
CryptoDime was founded by the ForexDime corporate fund manager to apply management technology with a neat track record in classical finance combined with the rapidly growing crypto assets, and realize their fantastic potential. For investors, CryptoDime is an opportunity to enter the investment business with minimal funds and make money on technology used by all modern hedge funds.
Diversify crypto funds that will use the funds invested to buy the underlying crypto assets. There will be no broker fees, no entrance or exit fees and no minimum investment with full control over your assets including full blockchain transparency.
There are thousands of cryptocurrencies for investors to choose from. Options paralyze, add to cost & complexity and need for advice. CryptoDime removes this complexity for new crypto investors. CryptoDime not only provides an opportunity for investors who are looking for the easiest way to get into decentralized economics but also provide a way to track the overall performance of the crypto market by holding one crypto asset.
We dream about the world of gambling where players win or lose because of their skills or luck - not out of one's will. To achieve this we are planning innovative ideas to improve existing casino games with blockchain technology and we plan to launch the world's first fully transparent Casino that receives 1000+ altcoin including premium offer & priority access for CDM token holders. This ensures the best gambling experience ever.
We plan to launch our own decentralized exchange that will allow our members to redeem 1000+ altcoins. Some cryptocurrency exchangers store their private keys on a centralized server and thus it is a potential security risk for user funds. Coins or private keys will not be stored on any of our centralized servers, which greatly reduces the likelihood that user coins are compromised.
Block-based social networks that provide ease of control for centralized, decentralized social media networks and which also support community building and social interaction with CDM token prizes.
Crypto funds that will use funding to buy underlying crypto assets. Full blockchain transparency.
There are no broker fees, no outgoing fees, no minimum investment and full control over your assets.
For investors, CryptoDime is an opportunity to enter the crypto investment business with minimal funds and make money on technology used by all modern hedge funds.
it may be difficult to purchase and store various crypto assets safely. CryptoDime removes this complexity for new crypto investors. Buy various crypto assets at once in seconds.
CryptoDime provides a way to track the overall performance of the crypto market by holding one crypto asset. The index funds have consistently beat the average funds managed in the past.
Crypto fund will buy the main cryptocurrencies for the money, invested in it during the ICO. Herewith investors won’t pay any commissions and will be able to track the movement of their funds at any time.
The main advantages of the project
As everybody knows, it is necessary to offset the risks. Now there are many cryptocurrencies for this aim, but not all of them can be bought and stored in one place. CryptoDime let purchase plenty of crypto assets with just a few mouse clicks.
2. 24/7 trading
A user can exchange his tokens at any time.
3. Transparency
It doesn't take much to check, where tokens are and what their value is.
4. High effectiveness
The fund proposes to monitor increasing costs of cryptocurrency pool using one asset. It means that instead of constant counting every coin of the profit and further calculating the results, the investor orients to the Growth Index Portfolio.
*5. The minimum amount of investment
In order to begin investing in ForexDime, you need to have $1000. At the same time, CryptoDime requires 0,1 ETH (as at April 2018 it’s equal to $55).
6. High security level
The security of transactions is ensured by using cryptography, created by NSA.
How does it work?
Step one
To join the fund. Now joining the fund is possible by means of sending bitcoins or Ethereum to company’s wallet for the purchase of tokens. In the future, it is planned to implement the payment acceptance in fiat currencies.
Step two
After sending BTC or ETH a user gets tokens at a current price of the fund.
Step three
Getting profit. Received money is invested in crypto assets according to the accepted strategy.
Investment portfolio
The team made a hub of 18 cryptocurrencies in the following ratio:
● Bitcoin 10,5%
● Ethereum 10,5%
● Monero 4,7%
● Ripple 15,1%
● KIN 6,3%
● IOTA 4,1%
● Stellar 2,9%
● NEO 3,3%
● EOS 3,2%
● Dash 5,9%
● Bitcoin Cash 7,8%
● Steem 4,4%
● ICON 4,1%
● Cardano 3,9%
● Litecoin 4,2%
● Lisk 2,8%
● Tron 2,7%
● Qtum 3,6%
Token Information
Token Symbol: CDM
Maximum Token Supply: 10,000,000,000 CDM
Intelligent Contract Address: Etherscan.io
Token ERC20: yes
Investment strategy
Company’s strategy consists of 3 elements:
- 70% of funds are invested in 18 over-mentioned coins. The cost increase of cryptocurrencies ensures income with the minimum risks.
- 15% of funds are actively sold on the stock exchange.
- 15% will be invested in ICO and tokens purchase at the stage of Pre-ICO.
If the level of volatility is high, the strategy will change. In particular, the managers offer to hedge positions in order to avoid excessive fluctuations in the value of NAV.
Dividend payments
The company undertakes to pay the funds to the investors every quarter and at year-end. Money can be sent on Ethereum wallet, Neteller (USD) and Skrill (USD). However, now bank transfers are available only for private investors. According to the data given on the website the amount of payments varies from 3% to 11% per quarter.
Purchase of tokens
Token of the system is called CDM. It’s an Ethereum token of ER20 standard. ICO was canceled as HardCap was successfully collected during the presale (at a price of 600 CDM for 1 ETH). The registration of users for Airdrop is also closed. But you can buy coins on decentralized exchange https://bluedex.github.io.
In total, 10 billion tokens were issued. They were supposed to be distributed as follows:
● 70% - to sell to investors;
● 15% - reserved for Airdrop;
● 15% - remuneration for founders.
Development of the project
The team is planning to develop the environment for CDM tokens usage in three directions:
● Online-casino.
It is proposed to improve the existing games by introducing blockchain technology in them. It will allow increasing the transparency and giving users the possibility to play honestly. The casino will accept more than a thousand altcoins and provide the CDMA owners with the priority access.
● Decentralized exchange.
It’s planned to create the own DEX, on which more than 1000 cryptocurrency will be traded. The crucial feature of the exchanger is that secret keys won’t be stored on a centralized server of the company.
● Social network.
The special platform for traders’ communication.
Team
The founders of the startup are ForexDime management companies:
● Joserh Roy is a founder, a manager of the fund, and a manager of the project ecosystem development;
● A Abhishek is a co-founder, managing the fund;
● Gabriel Barton is a co-founder, managing the fund;
**Summary **
The idea of cryptocurrency index is rather new, but it is based on traditional financial technologies. Together with the low entry threshold, it is exactly what ensured the collection of HardCap at the presale stage. The CryptoDime rate will be also growing after the growth of basic assets value. In addition to this, you can receive dividends.
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