Smart Investment Fund Token (SIFT) is an ERC20-compliant smart contractÂ within the Ethereum blockchain that pays dividends in ether monthly. EachÂ SIFT represents a single share in a volume-trading investment fund forÂ cryptocurrencies including Bitcoin, Ethereum, Ripple, Dash and Litecoin. InÂ addition to monthly dividends, shareholders will also be able to trade theirÂ tokens at market rates allowing them to cash-out as the fund value increasesÂ over time.
The SIFT ICO will release an unlimited amount of SIFT tokens for a period ofÂ 45 days at an exchange rate of 0.01ETH per SIFT. Each SIFT will represent aÂ single share in the fund directly proportional to the number of issued tokensÂ giving no shareholder more priority than others. The majority of raisedÂ funds will be used for trading purposes, with a small percentage of the fundÂ being held back for prudent reserves and administration. This means thatÂ whether the fund launches with 100,000 SIFT or 1,000,000 SIFT theÂ percentage return for an individual will stay the same.
Smart Investment Fund Token (SIFT) Features
Technology Specifics for Smart Investment Fund Token (SIFT)
Smart Investment Fund Token (SIFT) uses the N/A algorithm and relies on the N/A proof type.