Here's the official launch of the Fund.
Today, a total of 300,000 unit was issued to the hotwallet,
and offer was created selling them at price of 1xmm = 1xrp.
This initial sell offer will last until the end of this month (28-Feb-2014).
Anybody who like to support the Fund could choose to buy any amount he like.
The XRPs raised will then be sent to some trading accounts to perform market making. The reason I create several trading accounts, is for ease of management. Each account will be assigned for different task (e.g. trading different pair of currencies). Funds would be moving around but will never leave these accounts.
The address of hotwallet and trading accounts are listed on the 'Ripple' page of this blog.
Though I've set an internal target of 10% return per month, there's no guarantee that I could achieve that. Since XMM is not a pure for-profit fund, I hope its holders won't stress too much on investment return.
Make sure you understand the concept and philosophy of XMM before investing.
Please read the previous blog post, and also the pre-launch discussions on forums.
