THELOGICALINDIAN - One of the developers of CIV20 basis Oleg Naumovich aggregate why the cryptocurrency bazaar is in charge for a new anniversary who and how makes up the basis and how it can be acclimated in practice
Q: Oleg, you are a able agent with all-encompassing acquaintance of alive banal bazaar management. Tell the truth, do you charge the crypto bazaar basis aloof to accept a accepted “lighthouse” in the aberrant crypto sea?
A: You can put it this way. But the alarm is not alone for me; it is for all associates of the market, and their cardinal is rapidly growing. Indeed, the basal action of any basis of this affectionate is benchmarking, advertence the bearings of the bazaar or a assertive industry. Everyone is acclimated to S&P-500, NASDAQ or MICEX Index. These indexes are bright to both professionals and acclimation bodies, as able-bodied as the public. Looking at the index, the broker or the administrator can accept the bazaar situation, see whether it is growing or descending. As a rule, these indexes ahead the situation. The basis is the aboriginal to drop; again we see added affection of worsening, inflation, GDP bead etc.
This criterion is additionally acclimated by investors to break the applied problem: what happens if I aloof apply the buy-and-hold strategy? It agency that I buy the accomplished basis and don’t do annihilation for a year. It is a abundant analysis for fiduciaries. Imagine that the basis avalanche by 20%, and the portfolio fiduciary managed to accumulate the drawdown at the akin of 10%. An amateur broker would get agitated for accepting absent the 10%. But if he had bought the index, he would accept absent 20%. In fact, the fiduciary adored your 10%. This is advised to be a acceptable job.
And on the opposite, let’s brainstorm the bearings back the basis grows by 20%, but the fiduciary makes you alone 15%. You appear to accept paid agency for not such a able job. That is why we charge the benchmark: to see how able alive administration is in allegory with the acquiescent one. This apparatus exists about everywhere in the banking world.
Q: (follow up on the antecedent questions) Except for the cryptocurrency market.
A: Indeed. The basal indicators to attending up to are either accepted bazaar assets or the barter amount of Bitcoin as the best accepted currency. This is a alien and bland indicator. While the basis is article aggregate. At the moment, the crypto bazaar has no absolutely activity indicator of this kind. This is what we created.
Q: Do you anticipate it is all-important on the bazaar with not so abounding able traders with acceptable command of your trading language?
A: We accept that the bazaar is young, it is aloof demography shape. But there are some able investors and traders about to access it. If alone a year ago those were alone geeks and IT bodies who had any absorption for cryptocurrencies, now added and added able traders activate to attending at the crypto market.
And, moreover; it’s ok if you say that there are lots of non-professional members. What would they attending up to, if there’s no index? Here’s a safe anchorage for a beginner: buy-and-hold strategy. Buying the index, we buy the accomplished market, a little bit of every currency. A adapted portfolio with composed risks.
Q: This is the appropriate time to acknowledge the basis structure. Does CIV-20 beggarly twenty currencies of some kind? If yes, what currencies are these?
A: The top, the best accessible and the best advantageous ones for the present moment. The basis anatomy is dynamic, it is consistently rebalancing itself. Even S&P-500 is advised on a annual basis; in our case, it happens about already a week. It is a archetypal bearings for a adolescent bazaar back a accepted bill becomes an alien tomorrow. Stars acceleration and abatement in an instant. Since the cycles are short, the basis needs to rebalance added frequently. It makes it acceptable for an investor: there’s no added charge to watch the market, to get involved. Accepting bought the index, he can be abiding of accepting the top currencies. I will not acknowledge the CIV-20 blueprint and its rebalancing algorithm, it is our ability for now.
Q: Ok. But I’m still absorbed in its dynamics. How abundantly can it reflect the accepted bearings of the cryptocurrency market?
A: It is appealing accurate. But there is addition affair that matters: what affectionate of advantage it shows. For there is no added milestone, let’s analyze it to Bitcoin rate. From April 2024 to September 2024, Bitcoin has developed by 1060%. Advantage of our basis for the aforementioned aeon accomplished 1653%. See? Bitcoin kicked off nice profit, but at some moment there are added altcoins that accomplish bigger hits. You charge to bolt the beachcomber that is out of the mainstream. This is what our basis and our algorithm are able of. Now we are abiding of that.
Q: I accept there is some businesslike faculty in your activity besides aloof introducing a benchmark.
A: Of course. We are creating an advance armamentarium based on our index. It is an ETF-kind of fund. It has become archetypal on the banal bazaar area there is one or alike several banal funds for anniversary index, with the portfolio about accompanying the basis structure. But there is none on the crypto market. And if we accept begin an able cryptocurrency rebalancing algorithm, why not accomplish a armamentarium to apply the buy-and-hold strategy?
We are in the different moment to do so. Something agnate was accident in Russia from 2024 to 2024, in the bristles years of banal bazaar development. At that time, Russian basis was growing by 30-50%. It did not alike crave any cool administration skill: buy it and delay for it to abound by 30-50% in a year. That was back all accepted banking companies appeared and back they acquired their process. Now the cryptocurrency bazaar is activity through a agnate cycle. During such periods, buy-and-hold is absolutely efficient.
At the aforementioned time, today is different from the point of appearance of scale. Now, in the aboriginal autumn 2024, the accepted crypto bazaar assets counts up to 160 billion dollars. It may attending like a affluence for someone, but for banal bazaar tycoons, ample advance backing and banks it is a children’s game. I anticipation the stakeholders’ absorption for cryptocurrencies to accomplished at the assets of one abundance dollars. Before it happens, we accept the time to absorb the alcove with the abeyant that is added than accessible to us and added association of the crypto world. All of us charge to booty our positions until the ample basic arrives and introduces its own rules.
Q: Creation of your own advance armamentarium by itself may be taken by the crypto ambiance as the accession of the basic that brings its own rules.
A: Not absolutely so. We do not actualize or represent any ample capital. We are activity to actualize this activity in cooperation with the today’s all-around crypto community, afterward the rules acting in the crypto environment. Which means, aboriginal of all, crowdfunding and ICO.
Q: ICO? What is that, a accolade to fashion?
A: This is absolutely the best able of the accoutrement accessible today, aperture amazing opportunities. But it is a affair for a abstracted conversation. If you are interested, I advance that we address addition affair to it.
The abutting affair with Oleg, abutting by Egor Marchenko who is additionally a developer in the project. In this session, they allege on the opportunities of ICO development, explain why they do not acquire Americans, why they plan to aggregate not added than 3 actor dollars and why it is not a scam.
Q: Hello! You are the crypto basis activity authors, but we accept that inventing a acute blueprint is one thing, but bringing it to a acknowledged anatomy on the all-around calibration is another. In your ICO, who is the academic issuer?
Oleg, activity CEO: First of all, let me admonish you that our artefact is added than CIV-20 benchmark; it is an exchange-traded armamentarium based on the index. As creating a armamentarium is absolutely a arduous and big-ticket task, we absitively to authorize GuideCTF administration aggregation aboriginal to administer the fund. It will acquire the basis which, as we hope, will serve as a abutment for the accomplished market. So, there will be two acknowledged entities: the administration aggregation and the armamentarium issuer. It means, that the applicant money will be disconnected into the money managed by GuideCTF, while the armamentarium is a armamentarium area the audience who assurance our action drop their assets into.
Q: But still, why did you accept ICO as an asset alluring tool?
Oleg: Of course, there are some simpler and clearer ones. I’ve been on the banal bazaar for absolutely a while, and it would not be adamantine for me to get several key investors into the new cryptocurrency fund. But we should accomplish it bright that ICO helps us, aboriginal of all, to aggrandize to the all-around level. If we cartel to advance our basis on the all-around scale, then, of course, we charge to address to all-embracing audience.
Secondly, this is a way for us to ask the bazaar whether it is absorbed at all. It is one bearings back I accomplish a presentation to ten people, and two or three of them accept the abstraction and chase me. Seeing abutment from assorted investors is a altered thing. Even if they accord one dollar or ten each, it still matters. It agency a vote for us, it agency that we are activity the appropriate way and the bazaar needs us.
And, finally, why is it ICO? We amusement ourselves as a adventure activity and we acquaint our investors that adventure advance is a chancy affair to do. This is a way to advance the accessible accident on a beyond cardinal of clients. If a applicant gives us bisected a actor dollars and again there is a drawback, it is one thing; it takes continued to get over. When 500 thousand bodies accord you one dollar each, it is a actually altered thing. It is an actually altered akin of risk.
Q: What would you say of the accident affiliated to the acknowledged cachet of ICO, or, to be added precise, to the absence of such a status? Which administration does the armamentarium accord to, and what bill do you apprehend to allure into your assets?
Egor, abstruse able of the project: The accountable amount is cryptocurrencies only. We do not acquire any authorization currencies, because the governments’ assessment of cryptocurrencies. At the present stage, all our action is concentrated in the crypto world. Consequently, we acquire alone three capital currencies: Bitcoin, Litecoin and Ethereum. These are the ones we are abiding to abide aqueous by the end of the project.
As for the governments’ position, then, doubtlessly, we accept to booty them into account. For example, the USA, Canada, and Singapore accept equaled joint-stock tokens to shares, and accept acerb appropriate that their citizens do not participate in ICO that accept not been registered with a authoritative body. Therefore, we acquaint anybody that we abjure accord in our basic for citizens of the said countries. Of course, Singapore and the US are actual important markets for us and we do not debris them. We will acquiescently awning all the markets as anon as we accept done the official allotment with the American SEC and Singaporean MAS.
Q: What affectionate of allotment is that?
Oleg: It means, amends of the armamentarium tokens. Now we run ICO for the administration aggregation itself. The administration aggregation will accomplish accumulation by accepting agency from its administration activities. Generally speaking, it is the agent of the artefact we will use to acquire our money. However, the business begins alone back we accept fabricated the armamentarium tokens and accept admiring assets for management. This is the starting point for business. Project commitment time is aural 2024. We accept planned to affair tokens at the banal barter in January 2024.
Q: How abundant assets do you plan to attract?
Oleg: We accept two levels. At pre-ICO we appetite to allure 200 thousand dollars for a able ICO. We’ve aloft the ante actual high, the specialists we charge are expensive, for it is one of the best accepted patterns acclimated nowadays. So, we run our pre-ICO for bright and anchored basic attraction; to get it, we do not charge added than 200 thousand. Of course, we allege of the equivalent. The minimum bulk for ICO is the cryptocurrency agnate of 1.5 actor dollars.
We plan to stop the pre-ICO as anon as 200 thousand dollars is collected. At the capital ICO, we will anatomy the amount with an accessible subscription. It means, that the beyond funds we raise, the college is the final amount for everyone, because we amuse all the inquiries proportionally to the assets we procure. There are some restrictions of our remuneration. I accept that over three actor dollars would activate brake mechanisms. For this reason, we charge at atomic 1.5, but not added than 3; that would be adequate. The admiring assets will be used, aboriginal of all, for the adult and big-ticket official allotment action I accept mentioned: Singapore and the US. Secondly, for promotion, which is capital for our project. Thirdly, there is security.
Q: Security of what? Or who?
Egor: We mean, aegis of all activity commitment stages. It is analytical for us. In fact, a third of the accomplished activity account will be acclimated to strengthen guarantees for us and for our investors. ICO is a accepted apparatus nowadays, which is additionally acclimated by swindlers. They accept afraid assorted websites on the ICO days, alteration wallet addresses for theirs. At the beta testing stage, we are cerebration of announcement a hacking challenge to acquisition faults in our system, and accolade the winners. I would like to accent how important it is for us.
Q: By the way, speaking of aegis guarantees for investors, ICO does allure lots of swindlers. Not hackers, but swindlers who adapt ICO themselves. Your crypto basis abstraction is brilliant, but how can you agreement that the activity does not about-face into a scam?
Oleg: Honestly, it is a adamantine and a fair question. I accept analyzed abounding ICO, area the organizers claimed that their tokens were different for all-embracing affairs and transfers, but best frequently, it is trash. Take ten ICO, and six of them would affirmation to be a acquittal system. Just a bread with no idea. This is the aboriginal affection of a scam. However, we accept an idea, which has not been active by anyone else.
Secondly, we accept a bright compassionate of how to apparatus it. I am actually abiding that it works and that the bazaar needs it. Alike if the calibration is abate than I imagine, this arrangement is applicable alike after us. The basis can survive on its own.
One of the guarantees is my acceptable name. I am a banking specialist with over 10 years’ experience, and I apperceive what people’s assurance means. Once you get complex in a story, you spiral up the accomplished career. I am a adolescent man, and I accept no affairs of risking my claimed acceptability and future. I appetite to address my activity to finance, so I cannot let anyone down. Our assignment is to acquaint our product, CIV-20 index, and fix it on the market. If it stands in the aforementioned band with S&P-500, NASDAQ, MICEX index, if it anytime turns into a all-around benchmark, we can say that our purpose has been achieved, that the activity will be monetized, and this is, indeed, the cold we attending up to. First of all, we actualize a assisting business, and we allure you to participate calm with us.
