Astronaut is a unique crypto currency investment service which invests in pre-sale ICOs, upcoming listings and undervalued liquid exchange traded tokens.
PROJECT OVERVIEW.
Astronaut is a unique crypto investment service which seeks to capitalize on the growth and market adoption of crypto currencies and ICOs. Astronaut seeks to establish a streamlined investment offering, whereby investors can participate in a variety of tokens and currencies through one simple channel.
Capital is invested in pre-sale ICOs, upcoming listings and undervalued liquid exchange traded tokens for shorter term opportunities of 3- 6 months.
BACKGROUND.
Some of the problems encountered by investors seeking opportunities in the ICO market springs from their inability to effectively analyze the opportunities as they arrive. The reasons for this may be due to the fact that the frequency of emergence of these products are sometimes too fast that they cannot be effectively analyzed without distraction. Also, most of the emerging companies while advertising their ICO do not make full exposure of their companies and product. Therefore investors are left to make a decision based on insufficient information.
The inability to access some of these coins during token sales is also a popular complaint from investors. This stems from the fact that some of the token sale processes are not very transparent, sometimes certain stages of the ICOs are even sold out before the opportunities get to the general public.
Then there is also the problem of registration for ICOs which are sometimes difficult and confusing. This is sometimes as a result of the fact that every Blockchain product has its own unique way to register for an ICO. Therefore it is easy for investors who operate on multiple platforms to get confused or to mix up the processes.
Novel Blockchain platform, Astronaut, is out with the mission of solving the above-mentioned problems and other associated ones. Astronaut was a creation that evolved from the community and subscribers of Picolo Research, a blockchain research service with over 10,000 members. In a series of interviews and subscriber feedback, a large portion of members described the inefficiencies of having to constantly subscribe to ICOs, timing of pre sales and having orders filled. It was through the community that Astronaut was born and is where it is today.
ASTRO token sale began on Sept 25, 2017. The majority or 92 percent of the funds Astronaut will raise will be invested in ICOs and the rest will be spent for operational costs.
HOW IT WORKS.
- The investment and rationale behind the deployment of capital is influenced almost completely by the research team and investment committee.
- Astronaut then produces a research report which is sent to token holders advising them of the exposure that is being taken and the merits behind it.
- Astronaut contacts the prospective ICO management team for further due diligence (before and after research) and secures the allocation.
- Astronaut invests ETH/BTC into a pool of these ICOs (between 3-5 a month). The exposure taken into new tokens is either a) long term anticipating a capital gain or b) mid-short term anticipating a liquidity event .
- Every quarter, exited tokens are converted to ETH and distributed at 50% with the remaining reinvested.
Astronaut will provide its users with unparalleled access and transparency to their investment. Each token holder will be provided with the Astronaut Tracker App, a tool which allows them to monitor performance, upcoming investment activity and quarterly bonus distribution.
Astronaut will also establish viewer access APIs to provide the highest degree of transparency regarding fund allocation, holdings and current investments. Holders of the token will have access to a real-time view of every investment, in every exchange on demand. And since a certain portion of funds remain in fiat for liquidity reserves, Astronaut will be implementing a viewer access portal linked direct to the bank API for on-demand access to fiat balances and incoming/outgoing transactions.
HOW ADVANCED IS THE PROJECT?
An alpha version of the portfolio tracker can be tested here.
ASTRO TOKEN USES.
Astronaut’s tokens (ASTRO) provides two kinds of returns to its users:
1) Token appreciation. Like mutual funds, the value of the token rises in accordance with the assets under management (AUM). This means that performance of the tokens is correlated with how successful the investments are.
2) Quarterly income distributions based on the investment and exit activity of Astronaut. On the 15th day of every quarter, Astronaut distributes bonuses to its holders of the token proportionally to the value of the tokens owned.
For the bonuses, developers are currently integrating their own wallet into the Astronaut Portfolio App, however for the first distribution, ASTRO holders will be advised of other ERC20 compatible wallets if needed at that time.
SIMILAR PROJECTS.
ICONOMI.
The ICONOMI Digital Assets Management Platform is a new and unique technical service that allows anyone from beginners to blockchain experts to invest in and manage various digital assets and combinations of digital assets called Digital Asset Arrays. It takes only a few seconds to simultaneously acquire different arrays of digital assets.
DAA managers try out their winning digital assets management strategies and share them with the community. Investors choose between various DAAs and invest into those they find most promising. Good performance builds the DAA manager’s reputation and attracts new investors, who get access to proven expertise and results in return.
ICONOMI token owners, or shareholders, earn weekly profit dividends in the form of ETH. Dividends are derived from the trading fees of investment funds under the management of ICONOMI and from the fees of investment funds of independent traders, which are listed on the ICONOMI fund management platform and in accordance with their fee split schedule.
Coinmark cap opening date: Sep 30, 2016.
Coinmark cap opening price: $ 0.198937.
Coinmarkt cap current price: $ 1.62.
TaaS.fund
Taas Fund is a tokenized closed-end fund, designed to reduce the risks and technical barriers to investing in blockchain. TaaS tokens, which represent a ‘Proof-of-Membership’ in the fund, are built on a profit-sharing smart contract - executed by an Ethereum smart contract - where token owners collect 50% of quarterly profits. 25% of the profits are reinvested into the fund to increase TAAS TOKEN value and the rest is used as a hedge in Bitcoin reserves.
In addition to their fund, TaaS is also building Kepler, which is described as a “first Bloomberg-like” cryptocurrency portfolio management and analytics platform that aims to cover the “entire spectrum” of the investment process. Kepler will provide market research, due diligence and order management as well as risk exposure and performance forecasting.
Coinmark cap opening date: Mar 30, 2017.
Coinmark cap opening price: $0.819901.
Coinmarkt cap current price: $5.56.
SIFT.
SIFT trades cryptocurrency such as Bitcoin, Etherium and Litecoin each day using proprietary algorithms and systems. The profits of these trades are reinvested back in the fund each day.
At the end of each month, profits made that month are paid out as dividends per share to SIFT holders. Half of the trading profits stay in the fund to increase available trading capital, and grow the NAV of the tokens each month.
To participate in the Smart Investment Fund, you’ll need to purchase Smart Investment Fund Tokens (SIFT). Investors will received 1 SIFT for each 0.01 Ether they invested. SIFT tokens are based on Ethereum-based smart contracts. These smart contracts manage all aspects of the fund such as investor voting rights, dividend payments, and transparency.
Coinmark cap opening date: Sep 29, 2017.
Coinmark cap opening price: $ 4.43.
Coinmarkt cap current price: $ 5.83`.
Covesting.
Covesting platform helps investors and professional digital asset managers find each other. Thanks to cutting-edge technology, Covesting allows its users to replicate trading activity of a chosen strategy directly into their segregated account at Covesting.
While asset managers benefit from success fees generated by profitable trading – Investors enjoy peace of mind knowing that their funds are managed by industry professionals
How is it different than other platforms in the space?
In comparison with its competitors Astronaut should be more convenient for users due to its mobile application. Also it will focus more on presales and ICOs.
