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What is CyCoin?
Cycoin is a platform that tries to manage an encryption basket of assets and currencies on behalf of users, so that they do not have to do it. The objective of the project is to establish a new and consolidated access of investors to the cryptocurrency investment markets with a reliable and simple mechanism.
This will allow you to keep a pool of digital resources to bring in an income stream without the hassle of scrolling through hours of research and manual investments. This is possible through the implementation of proven and clearly low-risk investment strategies to provide a remuneration to Cycoin holders.
Why Cycoin?
The crypto space is expanding and new coins emerge almost every day. This makes it difficult and time consuming for users to determine which digital resources can offer the real deal and which ones do not. Moreover, once a user decides on this, several cryptocurrencies with merit still have to face huge tasks of becoming a working reality.
It's often risky stuff with many coins that promise a potential future income that they try and ultimately fail to deliver. Cycoinon the other hand it offers solid, understandable and real income from investment strategies. The platform conducts its strategies through established mechanisms that are already evident on cryptographic markets. The funds raised will be reinvested in cryptocurrencies so that no money will travel anywhere in addition to those established in the fund criteria system.
How Cycoin Cryptocurrency Investing Basket Manager works
Cycoin is an asset-based cryptocurrency. As such, it is supported by the coins that users purchase while leading the Cycoin investment goals. The holders of Cycoin obtain the power to vote on the pool of cryptocurrencies. They hold certain consolidated and real currencies to conduct margin grants and take advantage of arbitrage opportunities that occur periodically in the encrypted markets. The selected coins are usually among the top 100 by market capitalization.
Cycoin Core Strategies
Margin loan
For the first month, the platform initially uses 100% of the fund (obviously less the aforementioned development reserve). Subsequently, a minimum of 50% and up to 80% of the fund is converted into digital currencies and placed on various exchanges for financial operators active on such exchanges and eventually gains interest on marginal loans. Interest on margin loans varies by currency and based on the disparity between supply and demand.
Opportunistic arbitrage
The platform will dedicate up to 30 percent of the funds for profit arbitrage. Since the cryptocurrency exchanges are not interconnected, a resource could have different prices on various exchanges. Cycoin tries to evaluate the differences and, if possible, take the initiative to buy the asset at a lower price on a stock exchange and sell higher on another stock exchange.
Pre-ICO and ICO investments
Cycoin will invest up to 50% of the funds in pre-ICO and ICO opportunities. The platform will employ a range of external professional services to provide pre-verified and curated opportunities.
Reinvestment of the fund's income
Cycoin will retain 10% of the funds generated by pre-ICO and ICO investments for distribution and reinvestment together with the general fund. This will increase the amount of cryptocurrencies held.
ICO details of the Cycoin CCY token
Parameters of ICO
- Token symbol: CCY
- Token sales date: present – TBA
- Coin price: 2 USD = 1 Cycoin
- Accepted payment method: BTC, BCH, ETH, LTC
- Total supply: 50,000,000
- Token Standard: ERC20
- Soft Cap: 100K
- Hard Cap: 2M
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