The Financial Markets Protocol
- ICO start: 13. Nov 2017
- ICO end: 13. Dec 2017
Technology: Ethereum blockchain
Sharpe Capital ICO Short Review
Sharpe Capital is a blockchain startup, crowdsourcing the world’s best asset sentiment via the Ethereum blockchain. Users of the Sharpe Platform earn Ether rewards in exchange for their opinions about global equity markets. Backed by the Sharpe proprietary investment fund, rewards are paid to holders of SHP tokens on a quarterly basis. The Sharpe proprietary investment fund utilises cutting edge Machine Learning technology to deliver returns that consistently beat the stock market, with low volatility and an excellent Sharpe ratio (typically 2.5+). Their trading ledger smart contract maintains a real-time public record of all investment activity on the blockchain, such that sentiment rewards can be paid to token holders in a decentralised and autonomous way. Subject to obtaining regulatory sign-off, they will be a blockchain start-up to issue a fully-regulated crypto-security token. They plan to issue Sharpe Crypto-Derivative (SCD) tokens to all holders of SHP, at a rate of 1-to-1. SCD will be a dividend-paying token, which tracks the performance of the Sharpe proprietary fund and pays an Ether profit-share to token holders on a biannual basis.