The Community Fund: September Allocation
The September allocation of The Community Fund is complete! The fund got off to a flyer at the start of the month, buoyed by GVT's climb to the $1.40 range. These gains were wiped in the final week of August as GVT fell to $1.20 and Bitcoin broke through the $10k mark. The total profit/loss for August was -24%. Voting has closed today and the two coins which will make up the fund in September are...
Bitcoin & HoloChain!
Full information regarding the fund strategy and voting results are below. Voting for the fund allocation in the month of October will open in the final 10 days of September. Thank you to everyone who voted!
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The Strategy
We know that most Visioners have their finger on the pulse when it comes to the cryptocurrency market. However, as there are so many coins out there available to invest in it can be hard to keep up to date with everything that is happening with each and every project. Tech developments, roadshows, whitepaper updates, airdrops, partnership announcements and token burns take place almost daily and often these events have a significant impact on a coin's price. So we thought: why not combine our follower's knowledge and create a fund which we can all profit from?
The Community Fund was born from this concept. Each month, we will open up a survey in which each of you are able to vote for the one coin you think will perform the best in the following thirty days. You don't have to provide a reason why you're voting for that coin (and we're sure some people will just keep voting for their biggest bag), however our hope is that the coins with the biggest upcoming events will come out on top. We will take the top two of these coins and each will take a 50% share in the fund. The power is in your hands! Voting will go live in the final 10 days of each month and reallocation will occur at the start of the month.
The Vote
Voting for the September fund allocation went live in late August. Despite the drop in BTC below $10,000 the community has backed BTC again. This is the first time Holochain has featured in the Community Fund. Let's see if these two can perform better this month!
We received 17 votes and the top ranked coins were as follows:1st) Bitcoin 35%2nd) Holochain 24%3rd) Genesis Vision Token 18%
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