14 Tweets 3 reads Feb 14, 2023
1) Crypto has always favoured certain narratives.
• Meme season.
• RealYield season.
• A.I. season.
• …
Ever thought about creating an ''index fund'' where one token represented multiple cryptocurrencies?
Or join the ''index fund'' from a professional?
Here's how 🧵 👇
2) The ''asset management industry'' is a trillion dollar industry that's very popular in traditional markets.
Lots of people are willing to invest their money after all, but don't have the experience for it.
What if we could bring this industry on-chain?
2) @FactorDAO is a platform build on #arbitrum that provides the infrastructure to allow investors to create and manage asset portfolio's from different markets.
They can also choose to invest in the asset portfolios of others while leveraging the security of blockchain tech.
3) #Factor has 3 main products:
1️⃣ Tokenized baskets
2️⃣ Yield pools
3️⃣ Derivatives
All of these offer a certain amount of benefits to each individual.
Let's go more in depth but still keep it short and basic ↓
4) 1️⃣ Tokenized baskets
The tool makes it easy for managers to create portfolios that can combine crypto and traditional financial products.
#Factor will mint tokens representing this basket of assets.
The token value depends on the underlying asset class.
5) 2️⃣ Yield pools
Pools are created for the purpose of borrowing and lending.
Investors can provide or borrow assets from these pools.
The pools also support compatibility with yield-bearing tokens.
6) 3️⃣ Derivatives
Derivative products allow traders to hedge their positions or execute a market-neutral strategy using a basket of assets and tokens on the platform.
Some examples of these are futures or arbitrage.
7) There are 3 types of users that we can expect on the platform:
• Asset managers.
• Treasury managers.
• Investors.
The average individual is likely going to be interested in investing in others their ''strategy'' (index fund) or create their own.
8) ⭐ Token use case
$FCTR is the official token from #FactorDAO and offers holders:
• Governance rights.
• 50% platform revenue.
• Event participation.
9) ⭐ Tokenomics
There's a total supply of 100 million $FCTR with no inflation.
The distribution amount can be seen in the image below ↓
• The private sale has a vesting of 12 months.
• The team has a vesting of 24 months.
• The public pre-sale on 20/02 has NO vesting.
10) ⭐ Roadmap
In a few weeks from now the platform will fully launch.
While #Factor is build on #arbitrum, there are plans to launch on multiple other chains as well this year.
The entire list of upcoming updates can be found in the image below ↓
11) ⭐ Conclusion:
#Factor offers an interesting list of features lots of individual have been asking for.
The ability to create or join an ''index fund'' from various different assets is well requested.
The hype on #Factor seems to be growing and it's easy to see why.
12) It won't be long before the platform fully launches and it will be interesting to see how users will be able to benefit from them.
Nova out 💟
13) I hope you've found this thread helpful.
Follow me @CryptoGirlNova for more of these.
Like/Retweeting the first tweet below would mean a lot to me 👇💟

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