The establishment of a framework of fair governance within a cryptocurrency network is crucial to maintaining the balance of power between the holder of the coin and the operating business of the coin. The appropriate balance of power should always entail the grant of power to the coin holder over the assets generated in the business, to ensure a means whereby the coin holder may liquidate their stake under certain circumstances.
Cycoin aims to provide new as well as established investors access to the cryptocurency investment markets with a dependable and easy mechanism to hold a pool of cryptocurrencies which will deliver an income stream, without the headache of scouring through hours of research and manual investing. Our aim is to use tried and observably low risk investment strategies to simply deliver income reward to holders of Cycoin. Cycoin is an ERC20 token based on the Etherium platform bringing all of the established transactional, privacy and security benefits of proven block chain technology to Cycoin holders. With so many new cryptocurrencies emerging, it is very time consuming to determine which coins are the real deal and which ones are not. Some of them are real and promising but have a huge task ahead before their idea is proven real. This is risky stuff.
Cycoin is an asset backed coin, backed by the pool of cryptocurrencies held. Cycoin holders will receive voting power over the cryptocurrency assets held by the Cycoin company (see Coin Democracy). We will hold selected currencies that are established and real (usually in the top 100 by market cap) to take advantage of arbitrage opportunities that arise periodically in the crypto markets and top ten by margin lending currencies. We will also allocate a portion of the fund to invest in curated pre-ICO’s and ICO’s carefully scrutinized and selected by the team and external professionals in the crypto markets. The funds we raise will be invested into coins that are listed on exchanges which provide margin lending facilities, such as Bittrex and Poloniex. For the first month, Initially 100% of the fund (less the development reserve mentioned above), then thereafter, a minimum of 50% and up to 80% of the fund will be converted to crypto currencies and placed across a number of exchanges for the purpose of lending those currencies to traders on the exchanges to earn margin lending interest.
Up to 30% of the fund will be dedicated to taking arbitrage profit. Because cryptocurrency exchanges are not interlinked, at times the price of the same asset may be different on two different exchanges. Up to 50% of the fund will invest in good Pre-ICO and ICO opportunities. We will employ a range of external professional services to deliver up pre-vetted, curated opportunities. 10% of the income derived from Pre-ICO and ICO investments will be retained from distribution and reinvested along with the general fund to increase the amount of crypto currencies held.
The app will serve to identify price differences in the same asset across a range of exchanges. Our traders will determine whether the arbitrage opportunity is worth trading out. The software application‘s purpose is automatically identifying price differences in the same currency on separate cryptocurrency exchanges. deally, the bulk of the app information will be internal and the app dashboard will only show as output an arbitrage opportunity that comes about, rather than say showing all currencies and the arbitrage opp flashing against one or more. In any coin offering irrespective of whether this entails a security or utility token, the business objectives of the coin, the sponsors objectives and those of coin holders need to be well aligned in order for success to become fully optimised. There are a range of block chain democracies in existence, notably EOS, Wings, Agora and many more. There are centralised systems, where there is a central responsible body for the democracy and there are decentralised models where there is no central responsible body, the democracy runs autonomously.
The implementation of these smart contracts creates the ability for coinholders to withdraw funds if they have become at risk. It permits the arbiter of the voting system (the trustee) to call a vote for a decision by coinholders on any new imitative. It also delivers the power for coinholders to call a vote on any matter where 25% or greater coinholders wish a vote to be called. This design will create a process whereby investor holdings of Cycoin are backed by crypto assets over which investors can exert control and the effect of that control is legitimised and effected via smart contracts built into the Cycoin block chain. The outcome of a vote is instrumented through the smart contract design, mandating the deliverance of the vote decision.
Our aim is to provide a divestment by the entity which would ordinarily legally own and holds the pool of cryptocurrencies backing Cycoin to a trust who’s beneficiaries are Cycoin holders. A Cycoin Trust will be formed, stamped and registered. The Cycoin company will be appointed as the trustee. The company secretary will also be empowered under the constitution of the company to call a vote by Cycoin holders for any reason and at any time. Smart contracts will be developed to conduct two key processes. The work to be completed on the smart contracts is:- ERC20 token based on the Etherium platform Issue amount of 50,000,000 Cycoin Network Fee of 1.5% charged each time Cycoin is bought or sold Reserved Coin of 15% Development and Working Capital Reserve of 5% Unissued Coin Reserve Coin Democracy and voting system Containment of the Cycoin Trust within the Cycoin block chain democracy.
A multicurrency wallet (BTC/ETH/CCY) will be developed and distributed to Cycoin holders. The wallet will connect with the Cycoin blockcahin and will synchronise with the chain as transactions occur. Cycoin holders will be required to install a Cycoin wallet and have the wallet connected to the Cycoin block chain in order to receive income distributions. Distributions of income will only be delivered where a wallet is open and synchronised with the Cycoin block chain. Unsynchronised wallets will not receive income.
Are you interested? please visit the website: https://cycoin.co/
For information detail visit link in below :
Whitepaper : https://cycoin.co/assets/files/WhitepaperSep2018.pdf
Telegram : https://t.me/joinchat/H9XuMA8VQLHPi4Cij7a4Wg
Facebook : https://www.facebook.com/cycoin/
Twitter : https://twitter.com/Cycoin1
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Reddit : https://www.reddit.com/user/Cycoin1
My link Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1305012
My ETH Adress : 0xCC028E8465c39c8B5D250431c82239dc7EE48a6d
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