If you have considered investing in cryptocurrency trading, but you are not sure how to do it, you might want to consider the Countinghouse Fund ICO.
So what is Countinghouse Fund exactly? It’s a hedge fund specialized in cryptocurrency trading. A couple of similar projects have appeared lately, but what makes Countinghouse unique is that they are an already established business. Furthermore, the members of the Countinghouse team have years of experience. They have been trading in the foreign exchange market since 2008 and established the Countinghouse Forex Hedge Fund in 2013.
After delivering consistent results in forex trading, they have decided to move their focus to the crypto market. The main source of profit in their existing trading model is market volatility. Considering high levels of volatility in the crypto market, applying this model to cryptocurrencies seems completely logical. After a year of testing and adapting the existing strategy for cryptocurrencies, they have started a public ICO in order to attract new investors. According to their predictions, the fund will yield as much as 600% during the first year.
The aim of the Countinghouse ICO is to raise 20,000 ETH. The team will use the funds acquired from the token sale to trade in the crypto market actively.
The token presale has already started and it will have 4 phases. The first phase was a private presale that started on January 29th and ended on February 5th, 2018. During this phase, the tokens were offered only to existing Countinghouse investors. Overall, 26% of the tokens were sold.
The public presale has started on April 3rd and will last until Tuesday, the 8th of May. During this period, you will get a 30% bonus in CHT. In other words, you will get 1300 CHT for 1 ETH. The presale will continue until June 12th. If you decide to buy CHT between May 8th and May 15th you’ll receive a 15% bonus. After May 15th, the investors will receive 1000 CHT for 1 ETH.
Token name: CHT (Countinghouse Fund Token)
Token type: ERC20
Token price: 1 ETH = 1000 CHT
Hard Cap: 20,000 ETH
26% of the tokens were sold during a private pre-sale
73% of the tokens are available to new investors
The remaining 1% of the tokens will be distributed to the Countinghouse team
Raised Capital Distribution:
60% of the fund will be used for algorithmic cryptocurrency trading
30% will be used for the double-sided arbitrage strategy
10% of the fund will serve as a passive reserve
Even though they function in a similar way, there are a couple of important differences between a traditional hedge fund and the Countinghouse crypto-trading hedge fund.
First of all, Countinghouse is an established business. They have years of experience, a tried-and-tested strategy, and a working infrastructure. For this reason, there are no start-up costs and everything you invest will go directly into their investment accounts.
Second, the nature of the blockchain allows this fund to be much more flexible than traditional hedge funds. What this means for you as an investor is that you can invest as much as you want. There are no minimum requirements. Furthermore, investors can liquidate their funds at any moment by simply selling the tokens. However, you should keep in mind that Countinghouse offers their services only to professional investors.
The Countinghouse team is aware that regulations regarding cryptocurrencies differ from country to country. For this reason, they have looked for a location that will allow them to trade freely without any uncertainties. Following the lead of numerous financial companies, they have set up their company in Seychelles.
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