I'm investing in CrunchDAO
CrunchDAO is a market-neutral hedge fund powered by a DAO of 1500 data scientists and quants. They are currently doing the second round of their token sale.
Dear friends,
I am investing in CrunchDAO, a market-neutral hedge-fund powered by a DAO of 1500 data scientists and quants.
CrunchDAO was inspired by Numerai, who pioneered the idea of using community predictions to trade the markets. The difference is that CrunchDAO does it as a DAO, with a token that is designed to do well when the DAO does well.
The way it works is as follows:
each week, the data scientists and quants in the DAO compete in a tournament where they make blind predictions on the market to earn part of a prize pool given in $CRUNCH tokens.
the DAO predictions are then used as inputs to a trading model that the core CrunchDAO team has built, and that determines which assets to buy or short in order to create a market neutral strategy. A market neutral strategy means that the fund aims to make money regardless of whether the market is going up or down overall.
A portion of the fund’s performance is then used to buyback $CRUNCH tokens, and use them as rewards for the next tournaments. This creates a virtuous cycle between the fund and the DAO.
This is a particularly timely deal, since I am expecting the crypto market to be sideways for a couple years. Having a token driven by a market neutral strategy means that it should do well even if everything else stays flat or goes down.
When it comes to the founders, you couldn’t hope for better: the CEO is a 3 times exited founder who also teaches finance at a french business school, while the COO and CTO are both from Ecole 42, which is known for churning great web3 companies. Their skills and grit is what made it possible to grow a community of 1500 data scientists and build profitable trading strategies, even though they had not yet raised funding.
Regarding the round itself, they are doing several token sales:
The first tranche at $1 has oversubscribed in less than 24 hours (yours truly has taken a big chunk of it), and they are now getting ready to do their second round, raising $5M at a token price of $3.
I have secured a $1M allocation for my followers, so just fill this form if you are interested and I will put you in touch with the founders! To be clear: I don’t take a cut on your investment, I’m only sharing this deal to help the founders because I like what they are doing.
Read more in their Investor Deck.
Cheers,
Rand
Disclaimer: this is not financial advice, do your own research and talk to the team before investing.
Super exciting! I understand why you jumped on it :)
Hope to have a return from founders 🤞