Cycoin: Cryptocurrency Investing Made Easy

Bitcoin and cryptocurrencies are a highly lucrative and dynamic investment that can provide a significant profit. There are many different techniques used to track and predict the movement of Bitcoin and cryptocurrency prices, from fundamental analysis of market trends to more advanced technical analysis of statistical patterns in the market.

All of the different techniques used to track the price of Bitcoin and other currencies have one common factor- they require investors to remain up to date on the latest market movements. In addition to keeping track of the cryptocurrency market, it’s also necessary to buy and sell on an exchange, select a Bitcoin wallet, and make analytical interpretations of the statistical data gathered during market observation.

These processes can be performed manually, but can be time consuming and repetitive. Fortunately, a wide range of tools and apps are available to Bitcoin and cryptocurrency investors that streamline the process of tracking a portfolio, trading, and analyzing.

In this article, we’ll take a quick look at the most promising cryptocurrency investment project, Cycoin. What is Cycoin? And how it works?

About Cycoin

Found online at https://cycoin.co/, Cycoin is an investment platform created to manage investments for a wide range of people on the basis of a smart and safe system of capital distribution. Cycoin mission is to provide investors access to the cryptocurrency investment markets with a dependable and easy mechanism to hold a pool of cryptocurrencies which will deliver an income stream, without the headache of scouring through hours of research and manual investing. 

Cycoin aims to deliver the world’s first digital asset-backed coin which gives investors a low-risk income stream derived from cryptocurrency market investments. In order to do that, Cycoin will utilize a base-layer governance protocol within the Cycoin blockchain called Coin Democracy, a decentralized voting system for investors to express their stake in the fund and shape its future direction in accordance with their peers. 

Coin Democracy works as a platform-wide voting system where each Cycoin is equal to one vote. Proposals regarding the use of the fund are put to a vote, and once Cycoin holders have made a decision, it is ratified and enacted via smart contracts.

Coin Democracy not only gives each holder a direct and active role in the management of Cycoin-held cryptocurrency assets, but it also works as a failsafe. If holders decide to release and distribute those assets back to holders entirely, the smart contract-backed decision will release the funds from the trust to every participant in proportion to their Cycoin holdings.

Business Model

The Cycoin work strategies include 4 business models:

1. Margin Lending

Margin lending is an investment practice and common in all capital markets, including crypto markets. The way margin lending works is by letting you to borrow money to invest and uses your shares or managed funds as security. It can help you increase your returns but it can also result in some loss, although usually minimal.

The Cycoin team will open funding wallets on major exchanges providing margin lending facilities to traders, such as Poloniex, Bitfinex and BitMEX. For the first month, initially 100% of the fund, then thereafter, a minimum of 50% and up to 80% of the fund will be converted to crypto currencies and placed across a number of exchanges for the purpose of lending those currencies to traders on the exchanges to earn margin lending interest. Margin lending interest differs depending upon the currency and according to supply/demand disparity. They range from .02% per day to 5% per day.

2. Opportunistic Arbitrage

Arbitrage is the simultaneous buying and selling of currency, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset. 

Cycoin will utilise Arbitrage App to collate price information of all currency pairs for all exchanges globally that have price and volume API data available. Cycoin App will indentify and calculate instances where there are two of the same currency pairs on different exchanges which differ in price. The App will provide a signal to identify an arbitrage opportunity is available. Up to 30% of the fund will be dedicated to talking arbitrage profit.

3. Pre-ICO and ICO investments

The Cycoin team access a number of processional ICO assessment networks such as CoinList, ICOBench and Smih&Crown analysis services, as well as angel investor networks, to source pre-vetted ICO opportunities. They also monitor the ICO market generally across a wide range of ICO listing sites as Coinrating, ICO drops and ICO hot list in order to identify ICO opportunities which have merit for assessment. Up to 50% of the fund will invest in good Pre-ICO and ICO opporunities.

4. Fund Income Reinvestment

10% of the income derived from Pre-ICO and ICO investments will be retained from distribution and reinvested along with the general fund to increase the amount of crypto currencies held. This will serve to compound the earning capacity of the fund and increase the asset backing of the coin for the benefit of Cycoin holders.

How It Works

Cycoin is an asset backed coin, backed by the cryptocurrencies purchased on Cycoin’s investment objectives. Cycoin holders will receive voting power over the pool of cryptocurrencies. They will hold selected currencies that are established and real (usually in the top 100 by market cap) to conduct margin lending activities and take advantage of arbitrage opportunities that arise periodically in the crypto markets. Cycoin will also allocate a portion of the fund to invest in curated pre-ICO's and ICO's which will be carefully scrutinized and selected by the team and external professionals in the crypto markets.

Cycoin Team

According to the website, Cycoin’s team consists of 4 professionals and experts, who has various domains including the fund management, marketing, and software development.

1. MARKO KOVAC, has over 26 years fundraising and funds management expertise gained across a range of investment sectors. As a specialist capital arranger in corporate and structured finance providing funding solutions for existing and startup businesses he brings well honed business origination skills, investment management, relationship building, due diligence and sourcing of private equity. Marko has also provided assistance to new businesses in the tech and utilities segments and is currently active in the cryptocurrency markets.

2. KEVIN MORGAN, a hands-on senior executive with experience at the CEO, COO and Country Manager level. Spanning the operational, buy-side and senior sell-side positions, Kevin has held a range of executive (C-Level and Country Manager), Board and senior operational and sales roles across a range of industries including Information Technology covering product, solutions and professional services and some 15 years in financial services and wealth management covering retail and wholesale funds management, money market and futures trading operations. 

3. PHILLIP CALLENDAR, has over 35 years experience running software development firms in Australia and Asia. He built and sold one of Australia’s top software development companies before moving to and setting up a new business in Philippines in 2006.

4. ARAVIND NAIDU, has over 30 years experience in directing and implementing ICT projects across Asia and Australia and has consulted to banks, software and telecommunications firms. Arv has immensely broad project experience across both the hardware and software arenas. If you’re based in Sydney, you might like to seek Arv’s expertise on offshoring strategy or about software development strategy.

You can visit their official website https://cycoin.co and/or their bitcointalk announcement thread https://bitcointalk.org/index.php?topic=4634607.0 to find out more.

Author: Tpq01349

ETH Address: 0xA73fA2565C18218AC6510c8CD3B220F5794f3B84