My thoughts on the whitepaper :
What attracts me the most is the Transparent Open Fund Management (OFM) platform, the idea of individuals creating their own investments funds is really powerful, in the old economy although possible it is prohibitively expensive to do so and to attract investors is impossible. For investors into the funds the transparency is another differential and also powerful.
But do i think the platform will disrupt the asset management industry ? Unfortunately in my opinion not while the platform allow just position on coins, if at any point in time in the future i am also able to buy other assets through the platform, example i have a portfolio which is short ETH, long S&P500 and short USDJPY, then this have a real potential of disrupting the industry, but i imagine we are far away from this reality at this point, because of regulation.
But still it is an idea that i want be in from the start because the successful paths that the platform can take are many, even if the OFM doesn't fly on the short/middle term. Also can't wait to open my own crypto quantitative fund !
You are right. It will be very hard to disrupt classic asset management from the old economy. Regulations, rules and everything. And this world of ours is moving way too fast for the old one to follow at the same pace.
Is there any possible situation that my initial stake in the platform gets diluted by any management action ? Like a second round of tokens issue, creation of another form of stake in the platform. If not, how this is guarantee ?
It will be baked in the contract. 100m is the coin cap.
Let me ask 2 questions following this answer:
- You gonna distribute 85% capital of the platform on a 1 round of funding ? Wouldn't be more advisable to let some of the coins to future funding if needed ? What happens in the future, for example if you are reaching some milestones, doing well, but you need more "capital" to take the platform further ?
- The team keeps 15% of the coins and the market has 85% ?Isn't possible to someone who is very interested on the platform in the future to make an "hostile takeover", buying 51% of the coins in the market, what would happen in this situation ?
If they are doing the same then I think you are right, they should not have to distribute that high amount capital of the platform in their first round, I think they should have to keep the supply limited, and after getting success and some strong base in the market they should have to distribute the remaining.
I have doubt that with their decision the market will face some serious threats.
