CETF — сreation, redemption and management of crypto exchange funds.
Contents:
Description of the CETF project
EOSETF contains 13 of the following Bluechip EOS mainnet tokens: DAPP, VIG, IQ, OGX, BOX, EFX, DAD, OGX, NDX, PIZZA, CHEX, DFS and TPT. Thus, by owning the EOSETF token, you can access many well-known EOS projects. Anyone with the aforementioned 13 tokens can become an AP (Authorized Member) and create an EOSETF. Anyone with an EOSETF can redeem the base 13 tokens easily.
Some features:
| 1. | Fund fees will be distributed among the CETF holders. |
| 2. | This includes management fees, arbitrage and income, generated from using the fund's underlying tokens in various DeFi applications. |
| 3. | Holders of CETF will be able to manage funds and provide decentralized control over them. For example, decisions on which tokens should be included in the EOSETF and in what proportions will be made by the CETF holders. |
The holders will be able to select custodians (through the DAC) who will be responsible for the development of the CETF. The chosen guardians will control all funds.
The issuance will be halved each time an additional 20 million CETF is issued, until the total supply reaches 80 million tokens. No more tokens will be issued, unless the token holders decide otherwise after the placement. The developers of the first batch of EOSTF will allocate a portion of the received tokens to the project to develop partnerships, incentivize custodians and liquidity providers. Due to the initial distribution of this platform, the token buyback action will be activated when the distribution is over. The buyback fee - 5%.
Additional data
There is no WhitePaper document on the site. Instead, there is an introductory article on the Medium blog. Study it before starting work.
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