Crypto Commonwealth is a blockchain based scientific publisher and asset manager dedicated
Crypto Commonwealth is a blockchain based scientific publisher and asset manager dedicated
Introduction
Financial markets have their cycles, typically ranging from years to decades. Arguably the world’s most popular emerging market, the crypto market features much shorter cycles, sometimes only in a matter of months. Starting 2009 and absolutely zero, bitcoin went through and survived a baptism of fire. It was attacked and declared dead hundreds of times, yet each time rose from the ashes and reached new highs, peaking at tens of thousands US dollars in 2017. The blockchain as an epoch-making technological revolution brings about this exponential growth in crypto markets.
The unprecedented growth and born greed rooted deeply in humanity induced fickle speculation, short-termism and pump-and-dumps, which effectively imposes a leverage on the entire market and magnifies all price movements. This is largely the reason all cryptos suffer from supreme volatility. It is not uncommon that large price movements up to ten or hundred folds are observed in the crypto market, for it is still an infant and highly immature with ambiguous future in most people’s eyes. The public has not reached consensus for the prospects of consensus based and cryptography backed universal equivalents.
About Crypto Commonwealth
Crypto Commonwealth is a blockchain based scientific publisher and asset manager dedicated to accessing good returns, maximizing community benefits and promoting public welfare. We have designed a variety of scenarios for the COMM token in our subscription, circulation and investment ecosystem. They bring fundamental improvements to the value generation processes of two industries through impartial production relations.
We have a professional team that specialize in publishing quantitative research and portfolio management of traditional assets and digital currencies. The funds, publisher, alpha modeling and content mining provide diverse application scenarios for the token.
Our Vision
The Commonwealth Foundation is dedicated to endowing all explorations of new knowledge with economic value and returns.
The goal
The scientific publishing industry is highly centralized. Scholars submit and review articles for major publishers for free and voluntarily. It is a noble act, yet many for-profit publishers accessed large profits without returning appropriate favor to academia. The Commonwealth Publisher is COMMitted to innovatively improving this traditional field with a decentralized digital ecosystem. It intends to compensate all authors, reviewers, and editors with fair token payment. With a healthy token distribution plan, they will eventually generalize the tokenomics to a comprehensive journal covering major natural and social sciences. This is an area where the blockchain can bring fundamental changes to. And they are the one and only peer reviewed journal on blockchain aiming for that. And we shall start with publications in the crypto domain first.
Over $30 Billion large, the scientific publishing industry is also unique in that it has a homogeneous community world wide. Top scholars, although from different countries and regions, contribute articles and conduct peer-review in pretty much the same manner. This is largely different from industries based on consumer products or services, which often show strong dependency on local or regional consumer behavior patterns. The homogeneity makes this global market easy to target, without the burden of breaking into regional markets one by one.
Structures
Crypto Commonwealth is both a scientific publisher and asset manager on blockchain that seeks to fundamentally improve the traditional economic models in both industries. The Commonwealth Foundation (’the Foundation’, ’Commonwealth Publisher’ or ’the Publisher’) relies on its strategic partners - a number of professional crypto funds (collectively ’the Funds’) in asset management. And as the ecosystem develops, the Funds grow and may become exclusively available for COMM holders one day as they reach capacity. We would like to collaborate with all interested contributors in crypto strategy research / alpha mining, content mining and knowledge distribution, and share our proceeds from asset allocation, article subscription and publishing with all authors, researchers, portfolio managers, token holders and investors.
The Funds take over the positions for trade execution, P&L generation / consolidation, auditing and net asset value (NAV) reporting (if applicable). They endeavors to seek value out of tens to hundreds of cryptocurrencies by systematic asset allocation, and trade at relatively low turnover for a potential excess return above the market. It COMMits trades in multiple trustworthy crypto exchanges with good volumes and segregated vaults. The Funds harbor multiple subsidiary funds to manage distinct strategies, each of which employs independent auditing and NAV reports (if applicable). Different fee structures apply. We may adjust these fees in future as their assets under management (AUM), capacities and P&Ls evolve.
Commonwealth Foundation
Our strategic partners are a number of professional crypto funds (collectively 'the Funds') in asset management and Commonwealth Foundation ('the Foundation' or 'the Publisher') in publishing. We would like to collaborate with all interested contributors in crypto strategy research / alpha mining, content mining and knowledge distribution, and share all our proceeds from asset allocation, article subscription and publishing with all authors, researchers, portfolio managers, token holders and investors.
The market neutral hedge fund 'Sphinx'
'Sphinx' is an alpha based market neutral fund based on either the US dollar or bitcoin, which features zero net exposure in all cryptos, i.e. the long and short holdings are equal in base currency value. No confidence over the crypto market is required whatsoever from any Sphinx investors if you invest on the USD basis, as the fund seizes market inefficiencies and endeavors to profit from a carefully rebalanced book with no a priori assumption on the nature of the market.
The Commonwealth tokenomics
The token we issue, ’Commonwealth’ (or ’COMM’ for short) is the absolute, irreplaceable and undisputed right to participate in our subscription, circulation and investment ecosystem, and we expect this right to be widely held and executed as we progress into higher stages of our roadmap, which we present in Section 5 at length. The total supply of Commonwealth is 1 billion, which was deployed as an ERC20 token with an audited smart contract.
The token distribution is shown in Fig. 4. 20% is reserved for the team, locked into an audited vesting smart contract in its entirety irrevocably, and to be released linearly over the course of 5 years. 30% is owned by the foundation pool and reserved for ecosystem operations, alpha and content mining in particular. 50% is available for sales in tiers. The performance of the funds, the traffic or active users of our websites and the quality of our publications are the key drivers to the growth of the Ecosystem. We will offer prospective investors opportunities to acquire COMMs in full compliance with local laws, policies and regulations.
Initial Coin Offering
Initial Coin Offering, or ICO, has emerged as a popular option for fundraising, especially among blockchain-based projects. During an ICO event, the project distributes tokens to the public worldwide, and raises initial funds to grow its digital ecosystem, promote the token use and consolidate its circulation.
The first round of the Commonwealth ICO is upcoming at cryptocommonwealth.co on March 1st, 2020. More tokens will be available for sale later as the project progresses. COMM has been listed on IMOEX and ChainX. The presale round was over, and the first round of public sale in this series of ICO is conducted with varied discounts off the market price. The sales will end when the investment hits the hard cap or whenever we deem appropriate. Bitcoin, Ether and USDT (ERC20) purchases are welcome and accepted.
Token Distribution
Consensus is highly valuable. It has paramount power to promote massive collaboration. Backed by reliable cryptography at the algorithmic level, digital currencies securely store and transfer the value of consensus. This is the key support for their value. Financial democracy among the global payment network comes only from free competition outside the system.
The taming of currency issuers, and the realization of a shared dream to put them in cages can be only achieved by free competition. Digital currencies successfully lock all central currency issuers behind the cage, and return the power and privilege to people globally. The rise of their market capitalization over the years is proof. It is only behind bars where the issuers shall stay both tractable and unharmful. COMM and CBND stand firmly in support of financial democracy, liberty and freedom digital currencies offer.
For more detailed information, please visit the link below:
WEBSITE: https://cryptosmartbeta.com/
TWITTER: https://twitter.com/CryptoSmartBeta
INSTAGRAM: https://www.instagram.com/crypto_smart_beta
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2573674
ETH Address : 0x647Cd0A9B5108980BF3bf3672b739376FFA167a9
0 comments :