Our platform is built for busy people. We use artificial intelligence to grow your wealth while you work, sleep and live your life to the fullest. Follow us: Twitter https://twitter.com/cryptid_ai LinkedIn https://www.linkedin.com/company/cryptid/
Hi Everyone,
Welcome to the CRYPTID page!
We built CRYPTID to solve modern day investing problems. Through the use of AI, we are creating innovative investment funds that will power the future of crypto investing.
Simplicity, risk management and high growth are important to modern investors. But building a successful portfolio can be difficult, stressful and overwhelming.
All feedback is welcome, please upvote and comment - we want to make our clients happy by providing the simplest, most effective investing platform on the planet.
Kind regards,
Sherele
Love the concept of AI powered trading but here's my constructive feedback on what I didn't like:
- That the fund that has the greatest returns is simply invested in bitcoin and ethereum. I think most crypto investors are already invested in those.
- Managment fees seem high - they charge 2.5% on the front end, and then performance fee of 25% of the returns if they have a higher return than 8.5% in a given year. So for example, the fees would be $1000+ for every $10,000 invested if it grows to $15,000. Again seems high if they are only in BTC and ETH. Their faq states they might add more cryptocurrencies to that fund (which is the best performing of the two) in the future. Ok. I am willing to pay fees if the technology far and away outperforms self management.
-I didn't like that I had to sign up to find all this information.
Conclusion: Cool concept but they are not yet really offering any qualitative difference (that I can see) from investors just doing this on their own. I would be paying them money to invest in what I am already invested in.
@mike_morabito Thanks so much for your feedback, we appreciate it and will look to improve our offering further.
- We are in the process of including more cryptocurrencies in our main fund, we understand it is important to investors. It is also important to note that we do not invest in coins that do not have a long and trustworthy history with a large user base - this reduces the risk our clients experience. Hence why we have only included Bitcoin and ethereum in our fund launch.
- Some clarifications on our fees:
You can view the fee structure here: https://cryptid.ai/neuro-alpha/, without signing up. We only apply performance fees above the risk free rate of 8.5% per annum. We will make it easier to find this info in future.
- I understand that you would only be willing to pay if we far outperform what you are able to achieve, we believe this is fair. We are constantly updating our models and strategies, hopefully in the future we can reach a point where you would be happy to be a client.
- One question: would you only invest if we far outperform eg. Bitcoin, or would you be willing to invest if we created a hedged fund that focuses on strong and consistent gains, with low risk of having a negative month, quarter etc?
We are glad you like the concept, we will continue to improve our funds and provide more information so you can be better informed.
Once again, thank you for taking the time to review us, we appreciate the feedback.
CRYPTID
CRYPTID