AI Trading Bot and xBlade Fund

14 Feb 2022

Objectives

We need to bring different revenue sources to increase xBlade value by

  • Buying back $xBlade
  • Burn it

How does it work?

  • FutureFund will take 0% management fee and 39% performance fee (vs 44% of Medallion Fund).
  • Every 2 weeks, we will check current balance of Trading account and if there is profit, we will pay FutureFund 39% profit in BUSD (comparing to previous high water mark ), those fee will be used to buy $xBlade and pay to FutureFund account (0x62e3948a24711d08cd66967d9dca0a593b888888)
  • Then we will announce to community on Twitter/Medium/Substack/Facebook
  • FutureFund will hold $xBlade in at least 3 months in order to increase its position in $xBlade into > 1 million $xBlade.

Performance Report

There are 2 rounds so far.

  • Round 1 (12 Jan 2022–26 Jan 2022)
  • Round 2 (26 Jan 2022–14 Feb 2022)

Figures for deposits, profits/ loses, performance fee, balance at start and end of each round are shown in the table.

In Round 1, AI Trading bot brings a profit at $554, then we pay $217 performance fee to FutureFund Ventures.

In Round 2, we make an additional deposit at $6667, make the total balance to $10,000. In the end of this round, AI Trading bot brings a profit at $840, then we pay $328 as performance fee to FutureFund Ventures.

In total, we have $545 as net-profit which is used to Buy back $xBlade (by FutureFund Ventures). It equals to 14,370 $xBlade has been bought back and paid as performance fee to FutureFund Ventures. In addition, we have $834 as net-profit from Trading bot operation which in turn used to buy back 22,561 $xBlade then burned it.

Txhashes

  1. Round 1

2. Round 2

3. Buy back & Burn

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