ZoneBitcoin EditorialEmber Fund is an application that aims to be a simple way to use a sort of crypto Hedge Fund.
Ember Fund, it is therefore a fresh startup, fintech more precisely, which simplifies investment for everyone in hedge funds.
The startup has been talked about a lot, because at the beginning, it participated in a crowdfunding campaign on Republic, a cryptographic crowdfunding platform. (We will talk about the Republic platform often). To explain it briefly, with crowdfunding, the company was able to collect money from unaccredited investors (like me for example).
This is how it found its first early adopters while raising significant funds.
Ember Fund did this according to the rules of the art and was able to follow this financing process in agreement with the SEC – the main American securities supervisory body. The latter implemented the “Reg CF” rule, giving American startups the opportunity to raise up to $1 million the first time, on such platforms.
Who is behind the company and the app?
As you know, on ZoneBitcoin, we are always interested in the founders of the crypto projects that we present to you.
As for Ember Fund, the team is well put together and above all accessible and present on social networks. You can contact each member of the team on LinkedIn in particular.
What is it concretely?
Ember Fund is therefore a mobile application that allows users to easily invest in a cryptocurrency wallet which will not hold user assets. Their mission is to bring institutional money management expertise and technology to anyone with a mobile device and a few hundred dollars. You can therefore invest in portfolios balanced by professionals and experts in the field.
How is the platform different from other similar applications?
Unlike many other apps, Ember fund is non-custodial, meaning investors hold their own assets. The company creates different wallets needed but only you the investor can access the wallets through their mobile device.
Most of the available solutions that are called "custodial" require users to manage complex private keys that are difficult to remember and store securely. On Ember Fund, this process is completely simplified and the complex private keys for the user are reduced to a secure password.
What are the advantages of Ember Fund being non-custodial?
This simply means that Ember Fund does not retain and has no ability to move or control investor assets in any way, shape or form. Only the investor has access to it. The company explains this choice by the fact that since the creation of the cryptocurrency, the industry has suffered numerous hacks on custodial exchange sites. Millions of dollars have already been stolen. Custodial platforms, despite all their efforts, still risk being hacked. However, the fact that each user keeps their own assets mitigates this risk.
Beyond a question of risk, Ember Fund managers explain their choices by the fact that they have seen, on many occasions, that centralized institutions (large banks/companies, government) succumb to the pressures of profit and policy and violate consumer confidence.
Many companies misrepresent how funds are used, freeze accounts without cause, charge exorbitant fees, and engage in unethical activities.
When you maintain your own assets, you have complete control of the asset without relying on a third party. All your assets are secured and corroborated by an open, trustless, transparent, decentralized and incorruptible blockchain, not a centralized institution. This is the great advantage of Ember Fund.
A Hedge Fund like all the others?
Current hedge funds are restricted to accredited investors. This means an investor must have more than $1 in assets or earn more than $000 per year.
Most of these funds have high management fees and hold your assets in your name. By preserving the original ethos of blockchain, Ember Fund's goal is to make cryptocurrency ownership and investing accessible to everyone.
Should you invest in Ember Fund?
So, for those looking to invest in solid portfolios and who want to do it in a simple way, it is clearly a very good option to go through Ember fund. It is an application with a simple and easy-to-use interface.
You should know that the average minimum to invest in a crypto wallet is around 450 dollars. Likewise, regarding fees, again it is very simple and transparent.
Ember Fund takes 1,5% commission when buying or selling on the platform. Either when you subscribe to a portfolio or when you simply resell your portfolio once you have made a profit.
For those who are interested in this type of app, you can take a look at the platform Iconomi 🙂 You will definitely like it.
Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
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