Beth: A New Generation Closed-End Fund Based on Ethereum & Deep Learning
The Beth Fund is a new generation investment fund, headed by Dr. Seiji Yoshizaki, partner Hayato Takano and a team of four Japanese fintech entrepreneurs. The blockchain-based fund combines their company’s ‘Deep Learning’ practices with the power of Ethereum Technology.
As they develop innovative technology, the company is offering an opportunity to investors and cryptocurrency community members to be part of the ecosystem by participating in the ICO.
The upcoming Beth crowdsale is expected to go live on June 5, 2017. Participants in the ICO will be allocated a percentage of the total 20,000,000 available Beth tokens. The 20,000,000 Tokens represent 100% of all the initial BETH tokens, and the crowdsale will finish on June 20, 2017.
Beth will be the first ever ‘closed-end’ fund, focused on applying the latest advances in deep learning research combined with the company’s financial expertise. The Beth development team have been working consistently on the project from May 2016 until September 2016 to design of platform’s basic concept meticulously.
The Beth Fund will aim to provide investors with the additional benefits of their Deep Learning techniques to reduce investor risks and complications. The Beth fund will act as a vehicle for a large number of investors, offering sizable returns on investments, through a new decentralized economy.
Deep Learning techniques are already being trailed by some Wall Street investment funds. In a bid to maximize profits and optimize their efforts, Beth’s development team feel that now is the perfect time to implement Ethereum Blockchain technology into their successful investment technique, offering investors a future-proof form of investment.
On Beth platform, all investors have access to their portfolio, through its monitoring and auditing tools. Beth also conducts independent bi-monthly audits, to offer users complete transparency and security.
How does Beth Work?
Thanks to the blockchain technology and well-developed trading models behind the Beth platform the system can independently choose the most suitable investment approach, dependent on a range of market factors. The Beth development team throughout the entire process monitors this process. The Beth platform is backed by High-Performance Computing systems and may potentially migrate to Golem, Elastic or iExec, depending on each platforms progression.
Initial Coin Offering (ICO)
The ICO, going on from June 5 to 20, 2017, involves a total of 20,000,000 tokens that can be purchased at a fixed price of $0.50 per unit. Beth tokens are issued only once and serves as a proof of membership of their holders in the Beth Fund.
Token holders will receive 60% of quarterly profits, and the rest 25% will be reinvested back into the portfolio. Overall, 85% of the total profits generated by the platform will directly or indirectly convert into profit for the investors. The ICO crowdsale will offer early bird bonuses to investors. On the first day of the crowdsale, buyers will receive a 30% bonus, followed by 25% on the second day and 15% during the next five days.
The team will allocate 70% of the raised funds to the portfolio, 15% to cover the operational expenses and the rest will be used as reserve funds hedged in BTC and ETH.
The Beta version of the platform is set for a July 2017 launch time, and the development team will target their initial training session for Beth from June till October 2017 which will be followed by the launch of Beth Fund.
Images courtesy of Bitcoin PR Buzz, Shutterstock
The post Beth: A New Generation Closed-End Fund Based on Ethereum & Deep Learning appeared first on Bitcoinist.com.
Powered by WPeMatico