General

SK
Last updated 11 days ago

Betoken is a new kind of crypto hedge fund built by a network of managers in an open & meritocratic way.

What is Betoken?

TL;DR

Betoken is the first true meritocratic and decentralized crypto hedge fund built on the Ethereum blockchain where investors can let the best people manage their crypto-asset investments and reap high returns without spending time on research. And where talented crypto-traders can join the fund as a manager with a minimum threshold and will be rewarded in a meritocratic way.

Description

Betoken is a decentralized hedge fund built on the Ethereum blockchain that invests in ERC20 tokens. Betoken relies on a large pool of managers to make investment decisions, each of whom maintains a portfolio using a portion of the fund. Individual portfolios are compiled into good investment decisions on the fund level using a unique decision making system we call "Incentivized Meritocracy", where control over investment decisions is continuously redistributed to managers who make the most profitable investments.

  • Betoken is for everyone: anyone can join, anyone can invest, anyone can make decisions for the fund and be rewarded for making good ones. And anyone can rise to the top if they have the merit.

  • Betoken is unstoppable: it is a completely decentralized application built on the censorship-resistant Ethereum blockchain.

  • Betoken is transparent: all statistics and decisions are publically available, and all fees and clauses are written in immutable open-source smart contracts.

Betoken will make investing in crypto-assets as simple as deposit-and-profit. Research and due diligence will be done by managers in the investors' stead, all with minimal need for trust between anyone.

Besides serving as a fund, Betoken will facilitate the collection, consolidation and sharing of data for reporting, risk management and supervisory purposes.

What can I do with Betoken?

If you enjoy trading crypto assets, you can join our IAO (Initial Account Offering) by buying a manager account for as low as $10, start managing a part of Betoken's AUM and earn monthly commissions on your profitable investments. If you want to be an investor, you can invest your money into Betoken's AUM through any ERC-20 asset and simply sit back and watch your investment grow exponentially (Available soon). Stay tuned by subscribing to our mailing list.

How can I start using Betoken?

You can become a manager on Betoken by joining our IAO (Initial Account Offering) and buying a manager account for as low as $10.

Purchasing an account will make you a Betoken manager and grant you Kairo tokens, non-transferable proof of how good you are at investing. The more Kairo you own, the more money you will manage, the more commission you will receive. You will be able to earn Kairo by making profitable investments for the Betoken fund. During the IAO, accounts are sold at a 20% discount, and you can refer your friends to get unlimited bonus Kairo.

How can I engage with the Betoken community and get regular updates?

You can engage with Betoken's community by joining our Telegram group and by subscribing to our Medium account.

What is Kairo? How can I get some?

Kairo is Betoken's utility token. Managers need to possess Kairo tokens to manage funds on Betoken. Kairo represents how good a manager is at investing. The more Kairo tokens you have, the more money in the Betoken fund you can manage and the more income you’ll get every month as commissions on your investments. You can get Kairo Tokens by joining our IAO (Initial Account Offering) and buying a manager account for as low as $10.

What is Ethereum?

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.

What is Ether?

Ether is a necessary element — a fuel — for operating the distributed application platform Ethereum. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources).

Where can I buy Ether?

You can buy ether on exchanges like Coinbase.

Why do I need to pay gas fees to use Betoken?

When you send tokens, interact with a contract, send ETH, or do anything else on the blockchain, you must pay for that computation. That payment is calculated in Gas and gas is paid in ETH.

You are paying for the computation, regardless of whether your transaction succeeds or fails. Even if it fails, the miners must validate and execute your transaction (compute) and therefore you must pay for that computation just like you would pay for a successful transaction.

When will Kairo hit exchanges?

Kairo will never hit exchanges as Kairo is a non-transferable token. This means that you cannot sell or give your Kairo to someone else.

When will Betoken hit Mainnet?

We’ve launched our Testnet Beta--Betoken Omen, which you can join by purchasing a manager account in our Initial Account Offering. We plan to launch on Mainnet in Q1 2019.