What is BCF

Borgias Capital Fund (BCF) is a closed-end crypto, forex, stocks and commodities hedge fund, built on an Ethereum smart contract. The fund invests and trades in the top 100 most liquid cryptocurrencies.

The fund is pegged against USD. At the end of each month, the USD profits will be converted in ETH and sent to the token holders after deducting a performance fee. The fund will trade on Bittrex, Bitfinex, Kraken with USD/USDT being a base currency. Trades are monitored 24/7.

The fund charges a performance fee of 20% on the profits made and 80% of the profits will be shared back to the investors in ETH terms. At the moment (not according whitepaper but a gesture to investors) no fees will be taken if fund does not perform above 30% Conservative aim is 15% per month.

The fund is managed by Rohan Rathod and started with a group of 65 investors from his telegram channel where he posted his insights in day trading. Trading team has expanded with someone to watch trades overnight and new traders are being trained.

There were 3 ICO rounds, after each round new tokens where minted. Only BCF tokens are valid for dividends. RCF tokens with contract addresses 0x4e1d9a76c688a6dfca4c692f1b9c5be2d2d88311 and 0x0dc28ced73c972a7b4759192c9fd000dbb05f715 are now useless. Don’t buy the old ones if see them for sale somewhere.

I got a lot off questions where to buy BCF. Most holders are holding, there is very little trade in BCF, but if there are sellers, they sell on ForkDelta. But most for sale are at huge premium prices. Long term that might not be a concern, but when legal fund start to happen as for now current fund is most likely paid out at nav and we all have to enter the new legal fund.

According to the original white pape the fund will charge a performance fee of 20% on the profits made and 80% of the profits will be shared back to the investors in ETH as dividends. At this moment a performance fee of 10% will be charged on performance below 20%, if above 20% fee.

The first 3 months profit was 50/50 split between dividend pay-out and fund growth. At the moment a 50/50 split will only be done if fund performs above 50%. All to Rohan's discretion to change it.

In case of a monthly loss, the management team shall not charge any fees and no dividends will be paid that month.

Some basic profit examples and dividend.

Return of investment

Current BCF Fund size

Current profit ( $1,454,143.00 ) related to next dividend payouts

Would you have done better investing in the big crypto coins instead of buying BCF?
Table below gives an overview if you had the choice to invest $1000 at the ICO ending or any given day.

Running the fund currently is mainly to build the trust and relations to migrate slowly to a legal fund structure.

The fund is working into setting up a legalized fund in Singapore. Paperwork already in progress. This legal fund will also trade forex, stocks and commodities. Legal fund planned to start around May 2018, but June is more likely at the moment. It is also still unclear if there will be a new investment round when legal fund will start but it will not happen before September 2018. June 14th 2018: The fund will continue to operate as it is until legal clarity on crypto in different jurisdictions.

The legal fund plans to generate hedged risk-adjusted monthly returns for the investors and plans on being one of the leading crypto funds in future with a total fund size over 100 million in a few years.

If you send BCF to a wallet without BCF or clear out a wallet you need around 500,000 gaslimit. This is beyond the ForkDelta 250,000 limit If you want to send them to or from Etherdelta / Forkdelta you need to interact with the Etherdelta smart contract through MyEtherWallet. In this article you can read how. Go the the "Withdraw the hard way" and "Deposit the hard way" paragraphs.