Introduction
Ferox Advisors is a hedge fund established in late 2013 specializing in exchange traded derivatives. Developing our proprietary trading systems in-house, we made breakthroughs in different branches of asset management such as algorithmic
scalping, event driven trading, volatility arbitrage, and options market making, and have expanded into crypto currency
trading since 2017.
Ferox Advisors Ltd is a private company and will always remain as such. There will be no public offering in the traditional sense
of the term. Having noted interest from various sources into becoming shareholders to participate in all our future cash
flows, we decided to launch a token generation event, so that investors can both benefit from FRX as a utility token while also getting entitled to pro-rata profit share from all company activities.
FRX is the world's first decentralized hedge fund token, combining a hedge fund's diverse alpha generation capabilities with the liberties afforded by a dynamic DeFi ecosytem.
Vision
In asset management we started out striving to maintain an annual return on Equity net of everything of a minimum 30%,
with further upside potential on free gamma. We have comfortably surpassed this initial target trading both options and crypto derivatives since 2017. On Bitmex we have doubled our proprietary capital in less than 6 months of trading in 2019. We have achieved similar benchmark defeating results with tech stock options in 2020. Having finetuned and improved upon our signature derivatives strategies, now we would like to offer even better return profiles to external investors.
Removing fund structures, banks and custodians from the equation and giving an opportunity to the investor to directly
own shares of a decentralized hedge fund with 0 management or bureaucratic fees, while also maintaining their privacy, are among the fundamental principles that
conceived FRX token.
FRX is a TRC20 token designed on the Tron Blockchain, also fully compatible with Open Tron
🍀 FRX Token Seed Round 🍀 is now live with multiple bonus rates (up to 300% based on investment tier). Please send only TRX or USDT (on Tron) to FRX master wallet:
TNXJVuvspMGZToiHhqZsXEH3oLTxsUDJCB
and you will get FRX back to your sending wallets according to the following index:
- Up to 1000 USD (USDT) investment: 1 TRX = 3 FRX, (eg: 4000 TRX will get 12,000 FRX)
- for 1000 USD to 8000 USD: 1 TRX = 3.3 FRX ( 25,000 TRX will get 82,500 FRX )
- for 8000 USD to 20,000 USD: 1 TRX = 3.6 FRX ( 75,000 TRX will get 270,000 FRX )
- for 20,000 USD and above: 1 TRX = 4 FRX ( 300,000 TRX will get 1,200,000 FRX )
When making a deposit, please use only TRC20 compatible wallets like TronLink & Trust Wallet, and not exchange addresses.
Equivalent rates converted to TRX apply for ETH or BTC investments; if depositing ETH or BTC, please send us an e-mail at info@feroxadvisors.com prior to sending the transaction to indicate the Tron Wallet you wish to receive your tokens in those cases. For sizable investments, we can also prepare a SAFT for you, let us know by e-mail or reach out to us on TELEGRAM.
After 750,000 USD Soft Cap is reached, Seed Round will be complete and any further
investments will be returned to the sending addresses. In that event, please wait for a new announcement here and on our social media channels for the new rates for IDO & listings.
FRX TOKENOMICS
Smart Contract & Tokenomics
Initial Supply and Valuation
There will be a max supply of 700,000,000 FRX tokens ever. At the first exchange launch (IEO or IDO) 1 FRX will equal 1 TRX,
and only 8.6% of the token supply will be used for Seed Round Presales and IDO allocations, therefore creating a very
natural demand for FRX once it hits the free markets. Even at its inception when Ferox Advisors received its first private funding back in 2015, the company was valued at 5
million USD, so taking an average FRX presale value of 0.03 USD, the discounted initial token offering with multiple bonus
tiers on the seed round capped at 750,000 USD will be at a great advantage to early investors.
After listing FRX on a few reliable exchanges and / or DEX’s, there will be an option to buy directly from the website equivalent to a weighted average of the market price or initial quoted price of 1 TRX, whichever one is greater.
Emission and Allocations
The circulating supply for the year 2021 will be capped at 200 million FRX tokens. The tradable supply for end of 2022 will
be capped at 400 million FRX, and the remaining 300 millionFRX will be reserved for project development, AMM liquidity,
vested dividends and prediction markets.
Of all the proceeds driven from direct FRX sales, 60% will always go into the proprietary trading account of Ferox
Advisors, whose profits will be distributed pro rata to all token holders who stake FRX on a quarterly basis. 9% of all FRX will be reserved to pay developers, 5% for special events, bounties and promotions, and 25% as
dividends and rewards to token holders. Please see exhibit 1 for the full Tokenomics pie chart. If at any point, through whatever reason (direct sales, promotions, etc.), the circulating supply in the market
exceeds the proposed amounts, Ferox Advisors will buy back the FRX shares from the market to keep the free float within
the proposed limits.
the proposed limits.
After the initial promotional token sale period, there won’t be any discounted offers of FRX ever, and the purchase price
from the website of any future FRX tokens will be at least 1 TRX or equivalent to aggregate market price of FRX,
whichever value is greater.
With these stipulations secured by smart contract clauses, we are confident that the FRX will offer tremendous market
value appreciation as the project unfolds and Ferox Advisors’ industry leading asset management methodologies come into
play.
Smart Contract Details
FRX is a TRC20 contract, Tron Network is selected as our primary platform of choice because of its speed and efficiency. Also instrumental in our decision was the
convenience to integrate multiple wallets directly to Tron Blockchain as evidenced from the success of multiple e-gaming ventures, which offer similar betting mechanisms to spreads and prediction markets, which we aim to utilize via
DAPP’s on our website.
Directly betting on price of BTC, ETH and various other commodities will have better odds when users pick FRX
instead of TRX to bet with, the payout structure will depend on peer to peer distribution of all aggregate bets made on
that underlying for the given time frame.
ROADMAP
TRADERS
DENIZ AKGUNER
( DIRECTOR )
Certified EUREX and LIFFE derivatives trader, Deniz started his career in Royal Dutch Shell, where he was first exposed to physical trading and energy commodities. Relocating to Amsterdam to become one of the most profitable options market makers at Tibra Capital, he was subsequently recruited to Zurich as head of trading at the Swiss hedge fund Da Vinci Invest AG.
Having finetuned his signature derivatives strategies there, he then entered the blooming Middle Eastern space to launch his own hedge fund in the free zone circa 2015. He is also one of the founding partners of the Cayman Islands based proprietary trading firm GKAM, and was involved with other entrepreneurial ventures like Kaos Capital. Deniz holds a BA / BS in International Politics & Philosophy from Bosphorus University and has further done Master’s studies in International Finance at Columbia University, New York.
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Sign up now with the banner below to also gain access to our in house weekly BTC trading reports, absolutely free of charge (just send us a note here or at risk@feroxadvisors.com to be included on the list), on top of the 10% discount on all fees;
this is currently the most lucrative risk free Bitmex offer you can find:
Deniz Akgüner
Founding Partner & CEO
Dragon Lord
Lead Developer & Solidity Advisor
Magdalena Pacewicz
Audit & Accounting
Dr. Gokhan Ovenc
Academic Advisor
Ugur Bayir
Local Coordinator & Academic Advisor
Endless Summer
Designer & Marketing Manager
Ali C.M.,
Client Relations & Local Ambassador
Pakhitheboss
Campaign & Community Manager
For more information please visit links below:
- Website: http://feroxadvisors.com/team
- Twitter: https://twitter.com/feroxadvisors
- Telegram: https://t.me/FRXalpha
- Medium: https://frx.medium.com/
- Github: https://github.com/opentron/opentron
Author
Bitcointalk Username: Irawan Suseno
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=2446225
Trx wallet: TZF3J12rysRxgV18Vw5Cco5DF9DbTg7xmn
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