# Betoken investment cycle

### Intermission

* Deposit & Withdraw: users can deposit and withdraw their funds.
* Redeem Commission: fund managers holding [Kairo tokens](https://betoken.gitbook.io/docs/manage-the-fund/what-is-kairo) can redeem their commission.

The length of the intermission phase is 3 days.

### Management

Managers stake [Kairo](https://betoken.gitbook.io/docs/manage-the-fund/what-is-kairo) to make investments for the fund.

The length of the management phase is 27 days.

{% hint style="info" %}
A full Betoken investment cycle is totaling 30 days.
{% endhint %}