Updated February 7th:
Cryptocurrency ICO Score: B
Total Addressable Market Potential: B
Sustainability Score: B-
Brains Behind Currency: B
SYMM is short for Symmetry Fund, and it's an ICO aimed at investing in popular Cryptocurreny options. The notables on the Symmetry website suggest that they are weighted towards Bitcoin, Ethereum, Ripple, Dash, and Litecoin. The main differentiation point for Symmetry fund is that they are gamed for a monthly dividend based on the overall profit of the investment entity. The percentage of profit is paid on a three month rolling average which compounds and is subject to voting by shareholders if a vote is ever placed on the agenda.
The ICO's technology is all possible using Ethereum based blockchain technology and smart contracts. Once profit is fulfilled, the company's ERC20-compliant issued Ethereum pays upon the completion of pre-set parameters.
The ICO has an aggressive strategy which makes it interesting for CryptoCurrency investors who feel late to the party. Many want Bitcoin level coins at Po.et level prices. SYMM might help you do that. 80% is premium, but they're still in for the 10 bagger with 20% of the fund going towards other ICO's, many of which may be on this list.
If profit in the fund isn't attained, management fee's for the firm are not charged to the consumer. They also do some smart things to protect them against volatility. 10% of the fund is held in reserve so that cash assets aren't completely exhausted.
Make your own choices here. We don’t have any background on the Symmetry fund or their true plans, and at this point it’s an investment-based conception that may or may not work.
ICO Start Date: 12/10/17
ICO End Date: 2/10/18
SYMM Website: https://symmetry.fund/
SYMM Whitepaper: About Symmetry Fund (SYMM)