Monkey Capital is the world's first ever decentralised hedge fund. Launched in July 2017, it was not until 9 months later that the decentralised asset management strategy was perfectly conceived in a state that was ready-for-deployment.
The decentralised hedge fund model rests on some fundamental ideas:
The structure of a decentralised hedge fund necessitates that asset management functions are not performed by the fund's managers by rather passively via the expression of smart technologies reversing a payment into an income receipt.
There can be no reliance in any sense either from the standpoint of the managers with respect to continued investor funding nor from the investors with respect to management oversight under guidelines they are more commonly used to.
There is no fixed or variable capital return, merley the possibility of one.
In order to scale properly, a decentralised fund must not target 100% efficiency.
There must be a single token that re-exchanges post-purchase for the contents of the assets that funded it initially or a derivative of the contents of.
Monkey Capital utilises two tokens, Coeval (COE) and Monkey (MNY), to create the decentralised hedge fund. COE is an option token featuring a discount premium arrangement with respect to the purchase of MNY once a month. MNY is the unit of value that is received n return for payment and the unit of purchase for a more distributed value than pure value entered into MNY smart contract as a means to mine it.
How Does The Decentralised
1. Crypto (Selection will be announced shortly) is sent to MNY smart contract.
2. MNY sells at the same price schedule as Bitcoin (historical record).
3. After around 17m, a randomised price.
How To Play
Send Payment in COE, EOS, ICX ect. Direct to the MNY smart contract address.
Send Payment in ETH to the COE smart contract address and send COE to MNY smart contract address or hold untill COE, MNY discount day.
1. COE entitles the holder to exclusively mine the MNY smart contract for a period of 4 days (May 17-21) before other cryptocurrencies are permitted to mine it.
2. COE also entitles a monthly discount on MNY purchases. This discount grows larger the more MNY is mined relative to COE purchased
3. COE is the single most valuable tool for MNY miners
The MNY discount premium is represented as follows:
((Unsold MNY) / Unsold COE) - (210)) = Discount
((X / 210) + 100%) * COE = Premium
Premium / MNY purchased = MNY Discoiunt Premium
Discount premiums occur every 30 days. The more COE in the smart contract relative to MNY, the bigger the discount!