About


Under this project, an IOU named XMM is created in purpose of pooling fund from ripplers community. The Fund is utilised solely for market-making, providing liquidity into ripple ecosystem while earning profit for its holder.

Each XMM represent a share of the pooled market-making fund.


Objective of the Fund
  • To improve the liquidity in Ripple system through market-making activities.
  • To provide an investment opportunity for ripplers, so that they will put their money into circulation instead of hoarding it.

Mission of the Fund
  • Narrowing spreads and increasing volumes in ripple's order books. 

Trading Strategy
  • No fundamental/technical analysis or any trend prediction on currency rates.
  • Making profit mainly from spread (similar to what a money-exchanger do).
  • Only trades IOU that's issued by gateways of IRBA's member.

Fund Management
  • All trading works will be done manually (I'm not a coder, hence no bot for this).
  • I'm managing the fund using my spare time only. Hence it will probably be less than 2hrs/day, and 20days/month being spent for this matter. 
  • This is a voluntary job, no commission will be charged.

Lifespan of the Project
  • The Fund is just an initiative to help inject liquidity into Ripple system during its early stage. It is not meant to be long-term. 
  • It will be dissolved once Ripple system has grown big enough and start attracting more professional market-makers joining in.

[last edited = 28/2/2014]
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