Countinghouse ICO Review

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Countinghouse at a Glance

Countinghouse is an investment group specialized in hedge funds with a proven track record in foreign exchange (Forex). It puts forth investment products such as algorithm trading, investment strategies, and venture capital, that can yield profits for its users.

The new Countinghouse Crypto Fund aims to leverage the volatility and movement in the cryptocurrency market and turn it into profit. In a way, what makes cryptocurrencies a risky investment would make them a juicy opportunity using the right tools and investment strategies.

Furthermore, the use of Blockchain in this industry is rather disruptive in nature. By employing a trustless, transparent, and untempered technology such as a distributed ledger, Countinghouse Fund ultimately provides more financial freedom. It enhances the governance capacity of any crypto-investment for the profit of its prospective users.



Countinghouse 

In terms of how the fund will work, it will be quite straightforward. If you buy Countinghouse tokens, you will be getting a portion of their fund. So if you own 10% of the tokens for example, you would own 10% of the fund. Then if this does well, the value of the fund will grow and therefore your investment.

Countinghouse also plan to use some of the profits to buy back tokens, thus decreasing supply and helping to drive value upwards.

As mentioned above, most of their strategies are based around algorithmic trading, so that will form the basis of their portfolio. The exact apportionment will be:

Algorithmic trading: 60%
Double-sided arbitrage: 30%
Passive reserve (ICOs, debentures): 10%
Public reports will be produced each quarter on the performance of the fund and the profit/loss achieved.

Countinghouse are predicting that the returns from the fund could be as high as 600% in the first year, although it must be stressed this is just speculation and the profits could turn out to be lower or there could even be a loss.

ICO & Token Details

The token sale commenced on 3rd April with a pre-sale and they have already raised over $4.3 million. Here are the main details about the token sale:

· Token: Countinghouse Fund Tokens (CHT)

· Maximum number of tokens: 50 million

· Tokens available during main ICO: 44 million (i.e. 88%)

· Token price: 1 ETH = 1000 CHT (i.e. 1 CHT =$0.77 at time of writing)

· Soft Cap: No

· Hard Cap: 20,000 ETH

· Sale starts: Pre-sale 3rd April — 9th May, Main sale starts 17th May

· Sale ends: 12th June

There are bonuses available of 30% up to 9th May and then 15% for the 7 days after that.



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