The Pet Rock Ethereum Fund offers investors exposure to Fantom (FTM). The Fund is high risk with FTM price volatility. FTM are farmed or invested on Crypto platforms and additional yield will be gained and earnings compounded automatically at regular intervals.
Investors seeking exposure to Fantom (FTM) as well as earning a yield over-and-above the capital appreciation. Fantom (FTM) is a highly scalable smart contract blockchain protocol aiming to take on Ethereum, with a combination of speed and low costs.
The Fund will invest directly in FTM and will be priced based on the exchange price quote. FTM will be farmed (or invested) by a combination of efforts from the fund management team and earnings will be compounded automatically at regular intervals.
The Fund’s functional and reporting currency is in local currency ("Fiat" currency). We only accept Fiat deposits and will effect withdrawals in Fiat. The valuation date is on the last working day of each calendar month at 17:00:00 SAST (UTC+02:00) time. Deposits and withdrawals are allowed monthly. Once received, Fiat is exchanged for FTM on the Ethereum main network (or a similar alternative). FTM is used to earn yield to enhance the Fund’s performance.
Fantom is a Proof-of-Stake Layer-1 smart contract platform competing directly with Ethereum, Solana, Avalanche, and others. It is a fast and highly-scalable solution for applications and blockchain focused developers with a secured consensus algorithm and capability of cross-platform integration. Fantom uses FTM as its native token. FTM’s uses include as a governance token, network security mechanism via staking, and payment mechanism for transactions and fees. Pet Rock believes Fantom fundamentals are sound as a next-generation blockchain platform with a substantial medium to long term growth potential.
The main Fund growth will be through capital appreciation. Additional returns are largely determined by the fees offered by decentralised exchanges (DEX) or rewards from Crypto platforms and the Investment team seeks to generate additional returns through a combination of investment strategies. Fluctuations between the cryptocurrency price and Fiat currency may impact the overall returns generated.
Assets are rebalanced on a monthly basis, updating the Net Asset Value (NAV) and reported on independently by the Fund Administrator. Rebalancing (e.g. claiming token rewards) is determined through rigorous quantitative analysis and may change from time to time.
Fund growth will be reported on a monthly and quarterly basis. The Net Asset Value (NAV), including Fund growth, is measured and reported on independently by the Fund Administrator.