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Inflation hedge assuming Fed and CPI compromised : investing
Main Post: Inflation hedge assuming Fed and CPI compromised : investing
Hedge AMA - April 2018
Main Post:
Welcome to last Hedge monthly Reddit AMA (Ask Me Anything) April 2018.
We invite you to read answers of the previous sessions as well:
- January 2018
- February 2018
- March 2018
1. Hedge/Blocktrade is a relatively new project in the crypto space - less than 6 months old, yet we are expecting the release of your platform next month. While this is amazing, one cannot help but wonder whether you are moving too fast, overlooking details and potentially having a buggy platform out. What sort of guarantees, tests, stress tests etc where performed on the platform and did you have enough developer support from your team to make appropriate quality assurance tests? Thanks.
Our development team is using latest development methods to make sure everything is tested multiple times – first (and the most significant and time consuming) part is 4-eye rule, where every line of code has to be checked by two independent senior developers; second is testing from QA and the last but not least is the automation testing.
We are also starting the external security review which includes penetration testing, API testing, DoS attack, and a couple of other test so that we can be sure our systems are maximally secure.
2. Hello team. Could you go into detail about how the new token will function on the platform? How much of a reduced fee will we get for using one, and how is the framework around it going to look like. How long will the reduced fees last after using one etc.
New token will serve for discounted subscription fee packages. There will be a set variable fee per trade, payable in quote currency. This fee will be progressively reduced to a bare minimum if a trader pays a fixed monthly subscription fee. This fixed subscription fee is payable with fiat at full price or with Blocktrade tokens at half the usual price.
3. While we are all excited for the Blocktrade.com release, many Hedge Token Holders are still concerned about the safety of their funds and original Hedge Tokens stuck on exchanges; what guarantees do we have that we will receive the new tokens, even if we miss the initial airdrop?
Everybody who held HDG when the contract was frozen is able to redeem HDG for new tokens, provided that they can prove the ownership. Please see the guide here: https://drive.google.com/file/d/1Z23gAezkoJX8PcewuqQsqZX3Fu7t3_Tv/view. The redemption period will extended indefinitelly. Unclaimed tokens will neither be sold nor burnt and will be kept in a separate wallet.
4. What will be the total circulating supply and max supply of Blocktrade.com? At what percentage will tokens be burnt with trades, and at what speed?
Total supply will be 57,746,770 tokens, representing a 1:10 old-to-new swap. As all formal and informal lockup periods will expire in April, the entire supply will be available for trading on the secondary market.
Periodically (exact period to be determined) we will transfer part of all collected token fees to a separate wallet where they will stay for long periods (measured in years), effectively removing them from circulation. Actual burn might be problematic from a legal standpoint, as it is effectively destroying company's assets. It is, however, also in our best interest to honor our committment to removal of the token from the circulation, as the reputational cost is very high in this case.
5. How many traders/hedge funds etc. do you see using Blocktrade.com at the end of 2018?
We are building a very robust backend with ability to scale, so we will definitelly be able to accomodate a lot of volume. When we obtain the MTF license, we expect a very significant institutional interest. While we would not like to speculate about numbers, we believe these will be very significant.
6. How are you guys faring with the inaccessible funds in Parity? Seems like there's no solution for this dilemma so I was wondering whether the team can accept the fact that the funds might be gone.
If so have Blocktrade managed to secure the required funding? Would hate to see you guys cut on R&D/marketing/business development costs because of this.
Funds in Parity are for all practical intents and purposes written-off, and have been for several months. We have secured different funding, had to prioritize, but we managed to secure enough funds for undisturbed operations.
Answer by other user: The hacked wallet is this one: 0x49EaFa4C392819C009ecCdC8d851B4E3c2DDA7D0 It holds 4,524 Eth currently worth about $2.3 Million and 674,643 Hedge tokens
I assume The new tokens will be airdropped to another wallet instead but the Eth can only be recovered by a hardfork of the Ethereum network, which is not out of the question but unlikely to happen in the forseeable future.
7. What fiat pairs will Blocktrade be supporting? Have you sorted out the bank side of the business? And what countries will your service be available to in March?
We will be supporting USD, EUR, BTC and ETH pairs for most assets/currencies listed. We will publish a detailed list of permissible and restricted countries soon.
Top Comment:
Hedge/Blocktrade is a relatively new project in the crypto space - less than 6 months old, yet we are expecting the release of your platform next month. While this is amazing one cannot help but wonder whether you are moving too fast, overlooking details and potentially having a buggy platform out. What sort of guarantees, tests, stress-tests etc where performed on the platform and did you have enough developer support from your team to make appropriate quality assurance tests? Thanks.
Hedge AMA - March 2018
Main Post:
Welcome to Hedge monthly Reddit AMA (Ask Me Anything)
Your questions can be submitted in this thread until Monday 26th February, 2018. Additionally you will be able to upvote/downvote other questions up to this time. Ten most upvoted questions will be answered on Monday March 5th, 2018.
Please keep in mind to:
- Submit one question per post. In case of multiple questions in 1 post, only the first one will be answered.
- Check this thread first before posting your question to make sure it wasn't asked already. This will enable us to keep a better overview and avoid duplicate questions.
- Consider the benefit of all when upvoting/downvoting or commenting on someone else's post.
Please do respect Reddit's content policy: https://www.reddit.com/help/contentpolicy
From our side, we'll make sure that each specific question is delegated to the team member who is in the best position to answer it.
To avoid retelling, we invite you to read answers of the previous sessions before submitting your questions:
- January 2018
- February 2018
1. As simply as possible sum up what Hedge does? And why the token will have value.
Blocktrade.com (previously Hedge) is providing (i) high-performance, robust, scalable, and fully regulatory compliant (in the sense of MiFID II EU directive) crypto assets exchange, (ii) comprehensive crypto indexation undertaking in cooperation with Buchman, Liechtenstein, and (iii) development of passive indexed investment vehicles (Crypto Traded Indices) and other financial instruments. The token has one primary, but not the only, function: it will be used for fee packages on Blocktrade.com when launched (scheduled for April 2018). Traders will be able to pay trading fees with the token in a form of prepaid package for a set volume of trades. Such fee structure will be significantly cheaper than regular pricing and thus very interesting for market-makers, beneficially influencing market liquidity and overall attractiveness of the platform, helping speed up its wider adoption. With restricted supply of the token, token holders will thus be able to benefit from increased usage of the Blocktrade.com exchange.
2. How Hedge will compete with the ETF's to be issued and settled financial institutions?
Blocktrade.com/Hedge is in talks with traditional underwriters to create conventional trackers based on Buchman Crypto Indices. We plan to offer a variety of solutions, not only tokenized instruments, but also conventional index trackers. This way we can cover the entire sphere and establish ourselves as a “one-stop-shop”, which is a very important competitive advantage in finance.
3. My understanding is that most everything on the exchange will be paired with fiat USD currency. What options will we have for depositing fiat on the exchange?
SEPA wire, international wire and credit cards.
4. Will the new tokens be listed on other exchanges, or will it only be available through the new platform/HDG Exchange.
The new tokens will be available on several centralized and decentralized exchanges. Please note that regulatory compliance dictates thorough criteria for listings, which may cause that the new token will not be immediately available for trading on Blocktrade.com. In any case, the token will be available on the market with enough width, which should facilitate sufficient liquidity.
5. Do you think other exchanges will hesitate listing Hedge as its business model is a direct challenger of their business?
Some may, but there are enough centralized and decentralized exchanges on the market that we don’t see this as an issue.
6. Why will making an exchange have any benefits when we have DEX exchanges coming out? Exchanges are getting hacked from left to right, DEX is the future, no?
No decentralized exchange, at least not in the foreseeable future, can offer (i) millions of transactions per second, and (ii) fiat gateway, and do so in a regulatory compliant manner, which would prove satisfactory to institutional investors. We aim to cover that segment of the market.
7. Do you think a close cooperation with a project such as Rialto.ai that lied in their whitepaper, later doubled down with EY audit which never happened etc... will cast a negative light on your own project which has a nice momentum I can see?
We have been following the Rialto.ai situation somewhat closely in the past few months. While we cannot comment specific instances, we can say that we do not envy Rialto.ai and other blockchain-financial pioneer projects. Business models had to be adapted in light of new regulation coming in, which simply was not there when these projects were being incepted. Projects such as Rialto.ai and Iconomi were especially hard hit. That said, the services Rialto.ai provides as a part of our cooperation has been of high quality and delivered with high professionalism. We will continue to assess the situation and act if necessary.
8. How will Blocktrade.com be providing customer service and help on the new platform?
The start of exchange operations will be met with a group of few tens of customer service agents, which will be expanded as necessary. In any case, we aim to have support issues resolved in 6 hours of less, and manpower will be adjusted to meet this goal.
9. How will CTI's handle tokens that stake. For example, NEO - Will I get the GAS that is generated by the NEO held in my CTI?
The current indices are “price-return” versions – no dividends or any distributions are in any way included in the value of the index. In the next few weeks we will be introducing the “total return” versions of the indices, which will incorporate “dividends” such as GAS and NEO. The CTI holder does not physically get additional GAS just from holding a CTI which has NEO in it, but the price of the CTI is proportionally increased.
10. Why did you choose to pull hedge out of HitBTC a month before the coin swap instead of a week before or a few days before?
The Swiss regulator issued a guideline (https://www.finma.ch/en/news/2018/02/20180216-mm-ico-wegleitung/) that it will treat some tokens as securities, including those that have utility only in the future and not at the time of deployment. Because HDG is such a case, we had to freeze the token immediatelly. The tokens cannot be moved; token holders will receive a proportional share of new tokens after the launch of Blocktrade.com. The cases where the token holders were not able to withdraw from exchanges will be solved manually. We will publish a step-by-step guide in the next days.
Top Comment:
As simply as possible sum up what hedge does? And why the token will have value
Here's how many Hedge tokens we can expect to recieve on Oct 16
Main Post:
here's my math.
5% of the Hedge tokens are being distributed to XRL holders.
50,000,000 - total hedge tokens according to their site
50,000,000 * .05 = 2,500,000
100,000,000 - total XRL tokens, according to coinmarketcap
2,500,000/100,000,000 =.025 hedge tokens for each XRL token.
The Hedge ICO price is .001eth per token. Assuming that value holds, the ETH value of .025 hedge tokens is .000025eth.
So if you have 1,000 XRL, you'd get 25 hedge tokens with an est ETH value of .025eth.
1,000 XRL at .0014 XRL/ETH -what it's trading around right now on EtherDelta - 1,000 XRL is worth 1.4eth. So .025eth for holding 1.4eth worth of XRL. Not a bad deal, imo. But of course, that's assuming you can sell the Hedge tokens at their ICO price, if you even want to sell them at all.
Unknows:
- rialto said the 5% going to XRL holders is after any burn. If Hedge doesn't sell all their tokens, they'll burn what's left, then we get 5% of that number.
- we have to register with Hedge to get the tokens, and inevitably some folks won't register. Since we have to register, - i assume - the entire 5% are being distributed to only those who register. So the more folks that don't register, the more for the folks that did register.
Top Comment:
To my understanding tokens for those people who didn't register their addresses will not be distributed to registered address. They will instead be held by HedgeToken and allotted towards internal project development items.
I am an analyst at a dark and mysterious hedge fund, AMA!
Main Post:
Partially because of the influx in interest shown though my inbox due to the profession thread here, partially because of the dope flair I can get for doing this, and partially because I am clearly a narcissist and like attention I am hosting an AMA! I also am procrastinating hardcore.
I am an analyst at a hedge fund where we go long and short equities, and I analyze pretty much anything for my managers. My situation is somewhat unique because I'm allowed to invest alongside the fund in my own ideas and I like to think my portfolio managers listen to what I'm thinking. I really like my job and intend to stay in finance for the foreseeable future, and hopefully one day I'll start my own fund.
Other than equity investing I've advised a couple of start-ups on their business practices and capital raising, but I am by no means a good resource here.
Ask away,
EDIT WHEW! These AMAs are tough. I'm done for the night but since I'm addicted to reddit I'll probably check any new replies, and there are a few comments below I still want to respond to when I am in the right frame of mind! Thanks everyone for your interest, I only hope I could help you guys out with your questions enough to justify dedicating a thread to myself
EDIT 2: Thanks for all your interest everyone! I'm glad to help and will still be reviewing this thread but think things are finally winding down, but if it's a useful question for others ask it still! Also, a quick side-note: If anyone knows Veronica Vain can you tell her a semi-successful, self-proclaimed handsome analyst wants her bad? Thanks again, and good luck to all those aspiring analysts and students
Top Comment:
Can you talk about what your day to day is like?
Worth going in on Hedge ICO?
Main Post:
Like i'm sure most of you were, I was pleasantly surprised by the RaitoAI Hedge token windfall.
The project looks interesting, is anyone putting in extra contributions via the ICO? What do you think the potential returns are on tokens like this?
Top Comment:
Seems to be a good project with Zero hype or marketing. Just contributed 1 Eth to support it!