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Create and manage a crypto fund for friends and family
Launches Crypto Squad posted 4 years ago
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What is the story behind this?
What has been difficult to overcome?
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!
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!