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
Mission of the Fund
Trading Strategy
Fund Management
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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