Create an ETF Based Fund with voting by community

USE 20% of the acquired funds to create an ETF like portfolio for at least the upcoming 2 years.

Since we won't be needing at least a significant part of the money instantly, I think it is best to have it well invested for a longer period of time in crypto's we all approve off most. If all goes well, this could also become a firm base for the future asset position, and insurance that we remain able to invest in new projects yearly.

Suggested specs of the fund:

- 20 crypto's voted upon by the community

- Before crypto can be nominated to be voted upon, the crypto needs to meet certain requirements, for instance:

- Market cap of minimum 20 mln

- At least tradeable at 3 exchanges

- Daily volume of at least 1 mln

- bi-monthly rebalancing to roughly 5% of the fund

- bi-monthly adding and removing 2 crypto's - Community decides which ones by voting

Furthermore I would like to suggest to use the YEARLY profits as follows:

- 50% of the yearly profits will remain in the fund - until voted otherwise

- 25% of the yearly profits will be divided over DRPS holders

- 25% of the yearly profits will go to DCORP organisation in order to start new projects

- if there is now profit over the year, there will be no dividend or money for DCORP organisation

This is just a first idea and obviously needs some extra attention...

But I am more than willing to help, this should be something which is easy to realize.

C
C
Chiel

01 Comments

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    Frostylars
    Frostylars   6 months ago

    Iconomi probably has the best platform for this idea to become reality. Dcorp could give Iconomi a heads up and present itself as a new DAA manager. Also, when Dcorp becomes a DAA manager it is also possible for other people to buy into the DAA. The gain in all this is that people who like to buy into the DAA need to pay Dcorp a small management fee.

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