Overlords AMA regarding the launch of Teh Fund (FUND)
Anon: I can’t find any information about your Tokenomics, can you give a review about that ? How many tokens will be minted, where will they be allocated?
Overlords: There are only 100,000,000 FUND. 50% has been burned permanently and the other 50% is placed into the Uniswap pool. The contract has no minting function. The overlords did buy back 2% from the uniswap pool and placed into into LP, so these 2% will be used as incentives in the future for holders. 70% of the liquidity is permanently burned and the other 30% is unlocking in 3 months if the product is ready.
Anon: Collaboration and partnership are some of the most important cornerstones to help improve adoption. So tell us about the existing partners of project your plans for the partnerships, and how everyone will benefit from these partnerships?
Overlords: The overlords is already an establishment of 4 partners which are anonymous at this time. These partnerships extend well beyond the blockchain and exist in the financial sector which includes close collaboration with CEOs of traditional stock exchanges, investment banks and cryptocurrency centralized exchanges. These connections within blockchain and financial sectors will be crucial in building and raising additional capital for Teh Fund project. These partners are responsible for everything offchain regarding Teh Fund project.
Anon: What is Canis Ventures?
Overlords: An official business behind Teh Fund DAO.
Anon: What is your strategy for building a strong community? Do you agree that the power of community will lead your project to develop globally? What services do you provide to the community?
Overlords: One of our goals for the project is to have a memecoin community vibe behind it. We do agree in a sense with Elon that those who rule the memes, rule the universe. Cryptocurrency built from $0 have billion dollar valuations, only made possible by the memecoin community. While Teh Fund product might not be directly related to memecoins in the future, the memecoin community is important in the foundational start of the project. The project was launched with no information at all intentionally, holders will be rewarded if they believe in the product and overlords vision. Elon is in charge of the online community for Teh Fund. While the community is important and we hope that the community can play an active role in developing the project so that the project can remain in a decentralized nature, it is no the indicator of our success.
Anon: 1) Teh fund system will be generating only 2% to stakers by portfolio management profits by overlords or any addy implementations as mev bots or sandwiches in operational management side to generate more income to teh fund and stakers? 2) which tokens/coins will be in portfolio?
Overlords: 1) There will be three types of income for FUND token stakers. The first is the 2% management fee of the capitalize size. The second is the 5% profit margin on any trades authorized by the DAO. The third is governance incentives which are paid in FUND tokens. The 2% and 5% fees are paid in Stables/Eth. NO mev bots are planned. 2) All tokens which are put in the portfolio of the DAO will need to be voted on by FUND token stakers and pass any voting threshold. These tokens will have some proposal requirements such as being listed on DEX with a sizable liquidity pool for the DAO to enter, how long the project been in business, the safety of its contract, the LP lock and some others to be added. These proposal requirements will help ensure the safety of the DAO funds and help stakers get more profits.
Anon: Many projects start with inexperienced team members and some of them don’t go well because of mistakes. How was the experience and background of the your team effective in project success? And how are you going to instill trust in your user base, since the team is anonymous?
Overlords: Overlords has been responsible for the growth of 100s, maybe 1000s, of cryptocurrency projects since 2016. Both indirectly and directly. We are sure we are capable to help Teh Fund reach its potential. Most projects are anonymous these days because of the vision of decentralization. Look at the guy who created Tornado Cash, Alexey Pertsev, he was just the developer of a decentralization product and he was put in prison. Even though we are Anon now, there may some be some light to come to who is backing the project once offchain funds are established.
Anon: Why has it taken so long for socials, this can update in hours or a day
Overlords: This information has been submitted, just waiting on Etherscan.
Anon: Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project?
Overlords: The vision of Teh Fund product is an accumulation of experience and trend knowledge from the overlords. While the initial v1 product will be completed based off the upcoming manifesto which will be published on the website, additional versions will include feedback and recommendations from users.
Anon: For a project development first of all main priority is having enough fund. Does your team financially capable to run this project? Do you have enough fund for it’s developement Can you tell us that how your project generate the profit?
Overlords: Teh Fund is a community decentralized project. When the manifesto comes, lets build it together. Overlords has enough funds. Profits are generated by the ability of stakers to make profitable trades.
Anon: At the moment, all tokens go down in price even with great partnerships, hype, marketing, and working products, etc. So, what the challenges do you have and the plan to make your project strong popular? Are you see it as an opportunity while the current market decline?
Overlords: Were still in a bear market, its best practice to launch/build in this type of market. There has been many great products with teams and community and they have failed to appreciate in price. That is because the utility of their token is useless. Most teams just use tokens to fund their expenses to build a project. The utility of FUND token is strong and is resulting in direct fees/profits going back to the stakers. Teh Fund is backed by some people of influence and high conviction, this is the difference between us and those competitors who have failed. All those things, announcements, hype, marketing, its just a ploy for dump and pump. Were not interested in that. Were interested in the product being built and the token stakers deciding on trades, growing the capital, and taking profits for teh people.
Anon: Adoption is one of the important factor that all sustainable blockchain projects should focus to be more attractive in the investors’s eyes. What did #Overlords do and plans to do to achieve real world adoption?
Overlords: The Overlords Fund is an experimental fund that will be under control by decentralized traders in a decentralized marketplace. There are $100 billion dollar funds out there right now for cryptocurrency investments. What makes you think Teh Fund is not part of one of them? Teh Fund DAO can be a place for institutional/partner funds to make returns. A lot of the main stream tokens are over valued at this moment and institutions/limited partners/retail have been getting wrecked. Projects on DEX have better returns but of course more risky. So, you can say Teh Fund is adoption for a decentralized Wall Street.
Anon: Does your project support staking program? if yes. how is your stake system work, what is the requirement for user if they want to stake in your platform? What are your marketing strategies to attract investors?
Overlords: In DAO v1, there should be two types of staking utility. One: Governance, Users will have to stake their FUND tokens to pass proposals successfully on trades/receive DAO incentives in return. Two: There will be another staking pool where users collectively share the management fee/profits according to their total share of the total staked FUND token pool.
Anon: How does your project increase the token’s value, liquidity and utility? So that it can lead to an increase in token prices? What is your plan to make your project stable and provide the highest return for investors in the long term?
Overlords: if we based the project just on price, then we wouldn’t be a good developer. We are not focused on price and will like the project to develop regarded of the token price. But to answer your question, Some people will come to buy and price out the paper hands.
Anon: Security is a major concern when it comes to project sustainability. How can investors ensure that they are on the right track in the long run?
Overlords: You can DYOR and due diligence. Teh Fund is 100% pass on token sniffer, https://tokensniffer.com/token/0x7d8d7c26179b7a6aebbf66a91c38ed92d5b4996b , you can also check the blockchain for early transaction, there is no insiders, no large holders. Wen the DAO is built, we will get an audit on the platform.
Anon: What’s the marketing plan?
Overlords: You and Elon are the plan. Once Teh Fund is fully known in public, that is all the marketing the project will need.
Anon: Any future plans for CEX listings?
Overlords: We are CEX
Anon: Why did you start Teh Fund?
Overlords: Teh Fund was started long ago, but just 10 days ago it came to the blockchain. It is started so that cryptocurrency capital can be managed in a decentralized manner. We have real world experience in fund management, and there is some capital to use in the experimental overlords fund. Ultimately, Teh fund is given back to the people so they can showcase their trading abilities and to collect profits using someone else capital input.
Anon: What is your current Roadmap?
Overlords: There is no public roadmap. There should be a manifesto. Then the DAO is built on that manifesto. Audits… Test version…. V1 deployment…. Repeat for V2 with the experimental overlords fund + another fund raised and so on. Just some logic.
Anon: What are the top priorities for the project this year?
Overlords: Build the community and to make the manifesto public so that we can begin to build together Teh Fund DAO.
Anon: As individual user, what ways can I contribute to the development of Your Project?
Overlords: it’s a community project with overlords oversight, if you got skills, then join the War Room.
Anon: How many people on the dev team and what is the role in the DAO?
Overlords: We are Four plus community. Our specific role is to execute the trades on behalf of the DAO passed proposals.
Anon: The 30% liquidity that has been locked for 3 months. Is that how long you anticipate it will take to build utility?
Overlords: This 30% will be used for DAO incentive rewards. If the V1 is not ready for public launch, These rewards will be extended lock. There is no anticipation or timeline, lets just work on building it.
Anon: How will voting rights be decided?
Overlords: There will be a minimal FUND token amount needed to be staked to pass the proposal. There will be rules to project the capital in voting, like 1 user cannot fully stake the minimum about, maybe only can do 50% of the minimum to ensure other users want to do this proposal. Depending on the user total share of the staked amount will decide their voting power and how much incentives they receive from the governance.
Anon: How frequently will dividends be paid out?
Overlords: Governance incentives will be paid as proposals are passes successfully. Managements fees will be paid once the trade is executed. Profits are paid once the trade is completed. So there is really no time table about when dividends are paid, it really depends on the proposals. FUND is the DAO incentive token and stables/ETH are the management/profits revenues for stakers.
Lets do an example, Lets say there was a proposal to buy Mana at $0.50, and to close the position at $1 or stop loss at $0.45. There is $100,000 total capital used for this proposal. In the profit scenario , stakers would receive around $5,000 profit(minus slippage) if it closed at $1 based on the 5% profit rule, if there was a stop loss at $0.45 , then there’s no profit and the fund amount decreases $10,000 plus management fee paid. In the profit scenario, let’s say there is 10,000,000 total staked FUND. And 1 user is staking half or 5,000,000/10,000,000. Then that user will receive half of the profits which would be $2,500. The tokens are only staked based on the duration of the trade. There can be follow up proposals to close trades early and take profits at different levels.
Anon: who can initiate proposals on the DAO?
Overlords: Anyone with enough voting power to meet the minimum threshold. Thresholds will change because the market price of FUND token is constantly changing.
Conclusion: This is the first AMA with the Overlords. Teh Fund is a DAO that is focused on managing cryptocurrency funds in a decentralized manner on decentralized platforms. Manifesto soon……
Website: https://www.canisventures.com
Etherscan: https://etherscan.io/token/0x7d8d7c26179b7a6aebbf66a91c38ed92d5b4996b
Telegram: https://t.me/tehfund
Twitter: https://twitter.com/tehfund
Medium: https://tehfund.medium.com
Dext: https://www.dextools.io/app/en/ether/pair-explorer/0xbab761277f52fff80e35a961b4c63e95c733ddbf
