So this is it. The announcement for a fully backed Crypto ETP.
For the Last Year, I have been working on my company Kryptomine_CH.
Building my own mining rigs, expanding my office, overcoming stones in the path and challanges.
Then, the crypto Winter started. And to be honest, the loan was a mistake of mine.
I want to be honest with you. It has been tough times. But here I am. Keeping afloat and mining. Expanding my business. I have reached the Limitations of my office (power consumption-wise) and there is only so much I can do to expand with my financial strength. I buy 3 * 18TB harddisks a month (my rig can’t plot more anyways) and it’s pretty much set it and forget it. The harddrives get initialized and filled automatically and are automatically submitted to the pool once full.
In the meantime, I started working on my next project. Called arbitrader. It started out as an arbitrage trading bot and over the last half year evolved into a portfolio managing software, using arbitrage opportunities to rebalance at 0 cost. Every Month, I devote a small amount of money into it to grow. Right now my test-environment is at ~800 CHF of cash.
As I anticipated, it was also kind of a rough start as I had to test out what works and what not, fight with the API connections (still some work to do), stability and work out bugs.
This can be seen in the 6 months chart vs the btc benchmark:
In the recent times (the prevalent down turn) I made a big change there. I moved from 20% cash, to 5% cash. Exposing more risk to my portfolio. Of course shortly after, there was a major hit in the crypto market, but I’m confident, that the portfolio will be able to regain momentum.
I am working on mitigating risks but obviously, this is a work in progress.
Keep in mind, this is a proof of concept portfolio. For instance I have one coin included which I’d never include in the final Product (APE). More on the final coin selection will.
So this is a big part, on what I have been working on for the last Year. And then, there is one last aspect:
I came to the realization, that chia needs more useful, exciting projects and adoption. Upon seeing that my portfolio manager could have potential, I started thinking about how to get it into the Public and how to raise funds for it.
I came to the conclusion that an NFT on the chia blockchain might open the opportunity to gain publicity for my project and to raise Funds. I worked on creating set images. This consumes a lot of my time right now. Friends are helping with inspiration though and I involved my girlfriend in creating the artwork now so that I can focus my time on the software part of my Project.
I do not want to put some images yet as I am a little afraid of Idea theft but be assured I will post updates and you will see some Images and you will be able to participate in a giveaway.
More details to follow here.