What is SIFT?
Smart Investment Fund Token (SIFT) is a closed-end day-trading cryptocurrency and forex hedge fund based on volume analyses and proprietary trading algorithms with a proven track record over 10 years in forex. Sift started as a crypto only fund but migrated very soon to forex. Most trades in 2018 where forex and has the main focus since.
SIFT a trading fund based on proprietary volume analysis techniques known as Smart Volume Analysis that have been developed over the last decade. Despite being a well-known name within forex trading markets, Smart has only recent started to promote its algorithms within the cryptocurrency space and is now offering an investment vehicle that brings its combination of human trading and artificial intelligence to blockchain technology. Human oversight and control of all trades, artificial intelligence is used only to enhance, rather than replace, decades of human expertise.
Token holders are not only eligible for dividend, they have also voting rights when Sift sees the need to change things.
Despite profit, but not nearly approaching the 4% a month described in whitepaper, Sift has a disappointing first year as it turns out mainly due to discovered flaws in the new Smart version. Also some bad decisions where took to increase profit. Token holders have voted yes on things like position building, market making, arbitrage and bot trading.
SIFT Payout Structure
Dividends will be paid out of the fund each month (first Sunday) when the fund has made a profit on that month.
SIFT pays 85% generated monthly profit back to its investor, Half by fund growth, half by paying out monthly dividends in ETH. 15% is taken of monthly profit as fees since January 2019. If there was no profit then no management fees will be charged and no dividend is paid.
No fees were taken until December 2018 and all profit was paid to token holders.
Some basic profit examples and dividend.
Profit | Dividend | Profit | Dividend | Profit | Dividend | ||
20% ($318,407.37) | $0.1872 | $1,000,000 | $0.5879 | $1,701,024 | $1.00 | ||
10% ($159,203.69) | $0.0936 | $250,000 | $0.1470 | $561,338 | $0.33 | ||
4% ($63,681.47) | $0.0374 | $100,000 | $0.0588 | $425,256 | $0.25 | ||
2% ($31,840.74) | $0.0187 | $50,000 | $0.0294 | $255,154 | $0.15 | ||
1% ($15,920.37) | $0.0094 | $20,000 | $0.0118 | $85,051 | $0.05 | ||
0.5% ($7,960.18) | $0.0047 | $5,000 | $0.0029 | $17,010 | $0.01 |
Sift results current dividend period
May fund start: $1,592,036.87 ($2.20)
Current fund size: $1,584,758.51 ($2.19)
Sift trade overview current period.
Type | # trades | #winning trades | % | Profit |
Crytpo trades | 0 | 0 | 0% | 0.00 |
Bot trades | 0 | 0 | 0% | 0.00 |
Forex trades | 2 | 2 | 100.00% | 1,516.10 |
Forex bot trades | 0 | 0 | 0% | 0.00 |
Forex 2 trades | 64 | 50 | 78.13% | -21,687.35 |
Totals | 66 | 52 | 78.79% | -20,171.25 |
Return of investment
Current total profit this month: $-20,171.25.
Related to fund at the beginning of this month ($1,584,758.51) Profit margin -3.18%
Related to fund after ICO closed ($1,436,867.45) Profit margin -3.51%
Open Crypto from position building and bot testing
Coin | nr Tokens | Avg buy price | Total buy | current price | current value | Profit | diff% |
BCH | 11 | $953.00 | $10,483.00 | $474.93 | $5,224.18 | $-5,258.82 | -50.17% |
DASH | 75 | $884.00 | $66,300.00 | $139.77 | $10,482.46 | $-55,817.54 | -84.19% |
DASH | 37 | $271.00 | $10,027.00 | $139.77 | $5,171.35 | $-4,855.65 | -48.43% |
EOS | 950 | $11.00 | $10,450.00 | $3.65 | $3,472.00 | $-6,978.00 | -66.78% |
ETH | 80 | $1,121.00 | $89,680.00 | $2,189.30 | $175,144.32 | $85,464.32 | 95.30% |
ETH | 31 | $488.00 | $15,128.00 | $2,189.30 | $67,868.42 | $52,740.42 | 348.63% |
LTC | 226 | $241.00 | $54,466.00 | $128.31 | $28,998.07 | $-25,467.93 | -46.76% |
LTC | 93 | $106.00 | $9,858.00 | $128.31 | $11,932.83 | $2,074.83 | 21.05% |
XRP | 65,000 | $1.67 | $108,550.00 | $0.62 | $40,624.22 | $-67,925.78 | -62.58% |
$374,942.00 | $348,917.85 | $-26,024.15 | -6.94% |
Current SIFT Fund size minus floating positions (-$-26,024.15)
Total fund at the moment | SIFT NaV | 5000 SIFT | |||
1,558,734.36 | USD | 2.15611965 | USD | 10,780.59826904 | USD |
1,329,184.23 | EUR | 1.83859438 | EUR | 9,192.97190376 | EUR |
711.98 | ETH | 0.00098484 | ETH | 4.92421251 | ETH |
42.15 | BTC | 0.00005831 | BTC | 0.29154155 | BTC |
Current profit ( $-20,171.25 ) related to next dividend payouts
Based on current profit, this is what we will receive at next pay outs:
1 SIFT | 100 SIFT | 1000 SIFT | 5000 SIFT | ||||
-0.01185830 | USD | -2.96457566 | USD | -59.29151317 | USD | -59.29151317 | USD |
-0.01011197 | EUR | -2.52799150 | EUR | -50.55982990 | EUR | -50.55982990 | EUR |
-0.00000542 | ETH | -0.00135412 | ETH | -0.02708236 | ETH | -0.02708236 | ETH |
-0.00000032 | BTC | -0.00008017 | BTC | -0.00160343 | BTC | -0.00160343 | BTC |
-0.00507134 | XSFT | -1.26783375 | XSFT | -25.35667501 | XSFT | -25.35667501 | XSFT |
To get a $1000 monthly dividend you need -84,329 XSFT tokens with current estimated profit.
With 5000 XSFT profit needs to be $340,204.71 to get a $1000 monthly dividend.
Extrapolated profits over the month ( $-27,506.25 ) related to next dividend payouts
Based on extrapolated profit, this is what we will receive at next pay outs:
1 SIFT | 100 SIFT | 1000 SIFT | 5000 SIFT | ||||
0.00000000 | USD | 0.00000000 | USD | 0.00000000 | USD | 0.00000000 | USD |
0.00000000 | EUR | 0.00000000 | EUR | 0.00000000 | EUR | 0.00000000 | EUR |
0.00000000 | ETH | 0.00000000 | ETH | 0.00000000 | ETH | 0.00000000 | ETH |
0.00000000 | BTC | 0.00000000 | BTC | 0.00000000 | BTC | 0.00000000 | BTC |
0.00000000 | XSFT | 0.00000000 | XSFT | 0.00000000 | XSFT | 0.00000000 | XSFT |
To get a $1000 monthly dividend you need inf XSFT tokens with current estimated profit.
With 5000 XSFT profit needs to be $340,204.71 to get a $1000 monthly dividend.