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Crypto Squad - Create and manage a crypto fund for friends and family

Create and manage a crypto fund for friends and family

Launches Crypto Squad posted 1 year ago

with or if you'd like to join the discussion.
Dennis Stücken
@vibhasjain Wondering how you are making the trades since you point out you always find the best rate? Can you give us some details about the actual trading process behind Crypto Squad?
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Vibes
@dstuecken We plan to use API's from a few different exchanges through trading partnerships. Would be happy to share more details once we finalize! The intent is to facilitate trades within our platform so contributors have visibility into every trade.
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Ben Tossell
I've been wanting something like this for a while!!! Currently using a bad google sheet that I made. So many issues for tracking so I realllllly want to test this out.

What is the story behind this?

What has been difficult to overcome?
1
Vibes
@bentossell Thanks for checking us out!

We noticed that crypto enthusiasts are regularly approached by friends and family who want to be hands off investors. Accepting fiat, keeping track of ownership, reporting back on losses/gains and offering liquidity are all very challenging. We're hoping Crypto Squad helps replace those Excel sheets and welcomes a whole new set off hands off investors into the world of blockchain and cryptocurrencies.

If you're a crypto enthusiast who has attempted investing on someone else's behalf, we would love to know :

1. How did you accept payment ?
2. How do you track ownership ?
3. Do you charge a management fee ?
4. How often do you report gains/losses to contributors ?
5. How often do they like to cash out and how ?

We'd love to discuss any other questions/concerns. Cheers!
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Richard Liriano
@bentossell are you testing already? How is it? Thanks.
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Ben Tossell
@bentossell @rliriano I've been chatting with the founders :) some very exciting things I cant wait to use!
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Laz Alberto
Is this legal in the US?
1
Vibes
@LazAlberto

Hey Laz,

We're working with lawyers to determine a legal way to create small investment pools for friends and family. Marketing unregulated funds is illegal and we want to stick to small, closed networks of investors who know each other on a first name basis!
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Kristoffer Tjalve
Seems like a super interesting product to add to the space. One question: Do you plan to make investment decisions somehow distributed? E.g. could we be a group managing one fund.
1
Vibes
@tjalve We were considering that! Would you personally use that feature ? If yes, then me and my cofounder would love to have a quick chat with you about it
2
Vibes
@tjalve Good to know. We'll send you guys an early prototype!
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Kristoffer Tjalve
@tjalve @vibhasjain It was a feature I was discussing with a friend two days ago. We both hold a bit of crypto and could get more people involved. Would be interesting with some sort of distributed management. At this point we don't have the bandwidth to set it up, so don't spend time pushing the feature forward in the roadmap for our sake. The moment spring has settled I might ping you so we can see if it makes sense :)
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