AMFEIX - The First Blockchain Fund Built On Smart Contracts
AMFEIX is a new kind of cryptocurrency trading platform, offering the world’s “first pseudo- anonymous blockchain trading fund built on smart contracts”.
But what exactly is AMFEIX? How does it work? And, most importantly, is it safe?
What is AMFEIX?
In a relatively short space of time, cryptocurrencies have evolved from a cult phenomenon that few took seriously, and even few thought were trustworthy, to a coveted financial asset for many traders.
While the volatile nature of cryptocurrencies has led some to maintain their doubts about trading in bitcoin and others, there are beginning to be ways to settle those concerns, and AMFEIX aims to be just that.
In short, AMFEIX is a platform that does the trading for you, investors with bitcoin holdings can deposit as little as 0.02 BTC and AMFEIX will trade them for you.
The Investors
AMFEIX has a team of skilled traders and analysts, experienced professionals who manage the funds of pooled BTC resources, executing trades and exchanges to create profit for their investors.
These investors work with between 30% and 50% of the pooled fund at any time, with most of the user funds being held in cold wallets, meaning there are kept aside, avoiding the loss of all pooled resources should the unexpected happen.
Does AMFEIX Cost?
There is no fund management fee from AMFEIX, the company invests your BTC for you without any handling fees.
AMFEIX works on the basis that they make a profit if you make a profit, so the company takes a 20% fee on any profits it generates from the investments it makes on your behalf.
All profits and losses are calculated in the same method as the investment, i.e. BTC, with any losses being split between all investors based on the amount they initially invested.
How Secure Is AMFEIX?
As well as holding the majority of funds in cold wallets as mentioned above, to ensure no total losses, AMFEIX also has other methods of ensuring security.
The platform works with a scalable cloud blockchain solution, and there is 24/7 customer support for those who have questions or issues.
The temptation of cryptocurrency for many is the ability to remain anonymous, and AMFEIX takes this up a level.
The company offers a pseudo anonymous trading solution, meaning you can avoid giving any personal information while proving your ownership.
Payments
If your investment makes a profit thanks to AMFEIX’s traders, 80% of that profit will then come to you. Any profits and losses will be shown in real time, with updates being instant.
However, if you do make a withdrawal, it will take 24 hours for the company to liquidate your positions and send you your bitcoin amount.
While there are no guarantees that you will make money investing through any method, AMFEIX claim that previous performance suggests a return of between 10% and 20% per month on your investment. All profit and loss is calculated in bitcoin with their aim to grow your bitcoin holdings.
Conclusion
In conclusion, AMFEIX offers the capability to grow your BTC alongside a great community of traders and investors with no upfront fees. To learn more about AMFEIX, click here: https://amfeix.com and join their telegram investors group here: https://t.me/Amfeixchat
Show pictures of the interface, name the team, name some of the traders and show all-time historic proof of performance.
Maybe then I'll consider it.
10-20% return per month seems a bit shady to me. I myself am a trader and I know that only the top1% of traders can consistently average a return of 10-20% per month even when only trading bitcoin. That is a bold claim to make without offering any proof.
Do your traders only trade on margin with quick in and out trades? No algo trading?
I absolutely agree with you @ew-and-patterns
Indeed 10-20% rewards every month is not a sustainable business model and it always ends very same way.
It's a typical "hit and run" scenario and I would absolutely advise everyone to be very careful and think twice before investing.
Cheers,
Piotr
We do margin trading on BitMex and are also moving onto other exchanges to trade altcoins.
Traders names are not public as its in the best interest of AMFEIX that they stay with us.
The fund has shown proof of all funds and will continue to do so at the end of every month to prove all trades are real. I suggest you talk to our long time investors from 2017-2018 on the public telegram chat.
te felicito sigue así!
I had Bit coin connect wallet last year.how do I transfer my funds to a different coin?. I'm a sports card collector / blogger I like talking about sports cards
They have pdf's with reports on their site.
*USD net returns are given by the following function: [USD ($) = Fund net return + BTC net price change]
So, those fantastic returns are because of BTC price change and not because they are great traders.
Thanks, but this is not enough.
13.7% in one month, okay, but what about the last year in BTC bearmarket.
I would also like to know how they are regulated (if they are), if they do margin trading, on which platform do they trade, any algo trading involved and of course the people behind this etc.
I had Bit coin connect wallet last year.how do I transfer my funds to a different coin?. I'm a sports card collector / blogger I like talking about sports cards
I had Bit coin connect wallet last year.how do I transfer my funds to a different coin?. I'm a sports card collector / blogger I like talking about sports cards
...
I second this
I dont quite understand.
You say the funds are managed by a smart contract, but then people are managing the money and put them into cold storage?
That is confusing. Am i giving the money to a company or to a smart contract.
Welcome @amfeix to Steemit
Please Do Not Downvote Anyone as a New Comer.
Due Respects many are reading; Pro/Con as I am trying to get some idea of your Business.
Your Downvote is Like Micro-Organism bites.
Please Don't!
Moderator for #Whalepower
Equal Fairness for Everyone.
I have read all the comments here and would like to draw the attention of the readers to a review of AMFEiX I wrote about 19 days ago here. Please read it before proceeding with my observations below.
If you click on the "Company Registration" link in my post referred to above, you will notice that AMFEIX was originally registered in UAE as a "one owner company". However, if you now click "Company Registration" link on the AMFEIX website it shows the company is currently registered in Indonesia as a "two owners company". AMFEIX needs to explain this change in registration and explain why they are not choosing countries with strict financial supervision requirement.
The registration document is in Indonesian language. I would expect any serious business catering for the worldwide audience to provide a legal and official translation of the said registration document from Indonesian to English at the least. I am sure most of AMFEIX investors don't understand Indonesian.
It appears from registration document that AMFEIX has registered a private limited company in Indonesia with a paid-up capital of less than $9000. The company has one director and one commissioner, which are minimum requirement under Indonesian law to have a private limited liability company. Under the Indonesian law a commissioner is someone who advises and supervises the board of directors. The commissioner need not be a shareholder. In my opinion, for a company that accepts deposits for investment, a paid-up capital of less than $9000 is simply ridiculous.
It is my understanding that if a company conducts financial services in Indonesia it is required to have a license issued by the Financial Services Authority of Indonesia (known as Otoritas Jasa Keuangan or simply OJK in Indonesian). There is no evidence that AMFEIX has obtained such license. If there is an exemption granted to AMFEIX, that exemption letter should be displayed on the website for the sake of transparency.
With regards to obtaining licenses, I would like to refer readers to another of my instructive post here. Please note that even in a first world country like Switzerland investors were duped into investing and lost money. Indonesian laws are definitely not as stringent as that of Switzerland. Indonesia is an emerging market as per MSCI market classification, which simply means their market regulations are not as good as a developed country.
In its reply to a comment by @ew-and-patterns, AMFEIX said "Traders names are not public as it is in the best interest of AMFEIX that they stay with us." This is truly a lame excuse. If AMFEIX wants to retain their "skilled traders and analysts" they could do so with contractual stipulations such as paying bonuses and incentives in staggered manner, say 50% in January and the balance 50% in June. Staff who resign earlier would lose the bonus. This is just one proven method to retain good staff. There should be others.
Although the names of the commissioner and the director are given in the registration document, no details of their credentials are made available. Surely the investors are entitled to know this because they are asked to trust these guys with their money.
cc @scorer @jwolf @cryptogee @theguruasia @coincollecto @oneshot
@indigoocean @solarwarrior @svemirac @jdkennedy @aggroed @runicar
Excellent work.
This was exactly what I was referencing to.
Excellent work. This
Was exactly what I was
Referencing to.
- solarwarrior
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dear bot please show me the haiku proof.. I doubt that someone wrote exactly the same words I wrote.. hence you might be broken..
@solarwarior, @haikubot is complimenting you by saying that your comment is written in the form of haiku, a Japenese poem.
oh.. I thought it is like cheetah bot.. ;-)
I had Bit coin connect wallet last year.how do I transfer my funds to a different coin?. I'm a sports card collector / blogger I like talking about sports cards
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Thanks @retinox
Seriously amazing comment @devann
Thx for sharing with us.
The reason for this is Indonesian Law did not allow company to be held by one person only, doesn't matter how much you pay or set up, there will be no room at all for any company to be held by one person, since its a branch of AMFEIX it should not be a problem who is the owner of the branch as long as AMFEIX central issued a legal appointment. The 1st observation is answered by itself, we just obey the rules of Indonesia with no any side agenda or whatsoever. AMFEIX didn't change the registration from UAE we have both and will have more in the future such as AMFEIX Malta. So there has been no change in registration as both are still valid.
It doesn't matter what language the registration is in as long as its regulated (which it is) it shouldn't matter.
Again, this is how Indonesian regulation works, you can't really argue about it actually, the way the government handles things is different, with that capital we can legally do business with any amount of money, we are obeying the Indonesian rule. If for the company deposits we had to pay more we would, but if that amount of paid up capital is enough for us to do business why do we have to put more when we don't get any more benefit from it.
The important thing is we work with btc capital not fiat, and in Indonesia we still don't have any legal paperwork to do business with btc capital, as we continue our business, AMFEIX is on process negotiation with several official government and religious organisations in order to get more legal protection and sense of security for our investors. Due to local regulation that will take time and the right partner to do so. Even for the local company to get approved by OJK takes quite some time and effort to do so, AMFEIX is in the process as we speak.
At AMFEIX we've never compelled people to deposit capital, we are trying to get all the documents and licenses ready at the earliest time possible, but during due time it is investor's self policy to deposit capital or not, we give a lot of proof of work unlike many of the other companies, we are happy to support the decision made by our prospective investors.
Our traders will be made public this month to further improve our transparency. We have done a fund audit which we have seen very few to no other crypto companies do successfully this is very important as this proves all trades are actually being made and increases investor confidence. All BTC managed by AMFEIX has been proven and shown to investors.
We are waiting and preparing our company to have more legal protection than we will announce the credentials for the owner of the company. AMFEIX is ready to reveal everything, when the time is right, and it is needed going to do so. As for how we invest we have shown more transparency than any other company and will continue to do so. AMFEIX is going to be here as one of the leading crypto companies in the near future, we will continue to strive in that path.
By and large, you have not answered the issues raised directly and explicitly. You have skirted around the issues and have obfuscated, either by design or sheer ineptitude, your readers rather than enlighten them with your purported answers.
It is clear from your purported answers that you have not even understood many of the issues raised. Engaging with you in a discussion is akin to dealing with a person lacking in comprehension and therefore will only lead to more balderdash from your side and frustration on my and the readers' part.
Personally, I would like to see you providing information such as that provided by gemini.com here. In addition, I would also like you to appoint one of the Big4 auditors as your auditor and produce monthly attestation reports similar to this to show proof of funds and that your accounts are audited in accordance with acceptable international auditing standards, and that you mean business.
Yes, these are the things that ought to be done to instill confidence in the investors and to show that AMFEIX is professional in its dealings. Plus Amfeix should keep client's assets not in active trade with a licensed custodian for maximum security.
Thanks @devann for the well articulated comments.
The reason for this is Indonesian Law did not allow company to be held by one person only, doesn't matter how much you pay or set up, there will be no room at all for any company to be held by one person, since its a branch of AMFEIX it should not be a problem who is the owner of the branch as long as AMFEIX central issued a legal appointment. The 1st observation is answered by itself, we just obey the rules of Indonesia with no any side agenda or whatsoever. AMFEIX didn't change the registration from UAE we have both and will have more in the future such as AMFEIX Malta. So there has been no change in registration as both are still valid.
It doesn't matter what language the registration is in as long as its regulated (which it is) it shouldn't matter.
Again, this is how Indonesian regulation works, you can't really argue about it actually, the way the government handles things is different, with that capital we can legally do business with any amount of money, we are obeying the Indonesian rule. If for the company deposits we had to pay more we would, but if that amount of paid up capital is enough for us to do business why do we have to put more when we don't get any more benefit from it.
The important thing is we work with btc capital not fiat, and in Indonesia we still don't have any legal paperwork to do business with btc capital, as we continue our business, AMFEIX is on process negotiation with several official government and religious organisations in order to get more legal protection and sense of security for our investors. Due to local regulation that will take time and the right partner to do so. Even for the local company to get approved by OJK takes quite some time and effort to do so, AMFEIX is in the process as we speak.
At AMFEIX we've never compelled people to deposit capital, we are trying to get all the documents and licenses ready at the earliest time possible, but during due time it is investor's self policy to deposit capital or not, we give a lot of proof of work unlike many of the other companies, we are happy to support the decision made by our prospective investors.
Our traders will be made public this month to further improve our transparency. We have done a fund audit which we have seen very few to no other crypto companies do successfully this is very important as this proves all trades are actually being made and increases investor confidence. All BTC managed by AMFEIX has been proven and shown to investors.
We are waiting and preparing our company to have more legal protection than we will announce the credentials for the owner of the company. AMFEIX is ready to reveal everything, when the time is right, and it is needed going to do so. As for how we invest we have shown more transparency than any other company and will continue to do so. AMFEIX is going to be here as one of the leading crypto companies in the near future, we will continue to strive in that path.
I had Bit coin connect wallet last year.how do I transfer my funds to a different coin?. I'm a sports card collector / blogger I like talking about sports cards
I had Bit coin connect wallet last year.how do I transfer my funds to a different coin?. I'm a sports card collector / blogger I like talking about sports cards
This is wrong in so many ways!
Also one could appreciate the fact that steeminc derives some add-revenue from such clients, money does not justify all action. There has to be a red line and someone claiming:
AMFEIX claim that previous performance suggests a return of between 10% and 20% per month on your investment
stepped clearly several yards over it.
Everybody that has some trading or investment experience knows that monthly returns of 10% to 20% are impossible to achieve and even if you judge that this is neither a forecast or promise, its clearly the picture amfeix wants to put in your head.
And I am sure you gentlemen know, that this is not possible, too.
So what will you do?
Either you seriously try do do it with trading, long and short (/cash) - based on whatever trading strategy - and you actually believe you have a coin flipping winning streak of 100 tosses heads straight.. then you might be able to show this 10 to 20% monthly return for a full year
or you simply go long any coin and pray that it will double or quadruple over the next month and then the investor gets 80% of the 100% he would have had if he invested directly into the coins.
Both has no value at all for anybody "investing" into your "fund".
How could you have done it in a way that doesn't cross the red line?
Explain your strategy and trading pattern, and then explain why you believe you have an edge over all the other traders. (it could be that you actually have an edge over other traders because of x,y,z..)
But then again you should not point to 10 or 20% monthly returns..
.. you could claim that your overall performance .. due to your edge.. should systematically outperform a basket of crypto currencies or bitcoin...
...these would be by far bold enough claims!
And to anybody here asking not to downvote amfeix post: if not this post, which post should be downvoted at all? Yes.. I get your good intention.. but the first steemians loosing their money in this "fund" instead of purchasing steem and leaving this community will already be enough to render the advertisement money worthless.. not speaking of enraged "investors" calling he SEC and steeminc and the steem community having to bear the consequences...
I doubt that it was a clever decision of steeminc to have a business relationship with amfeix but OK.. this is the blockchain.. its free and self regulating.. hence downvotes and critical feedback are in this case very much justified and necessary...
I absolutely agree with @solarwarrior
Indeed 10-20% rewards every month is not a sustainable business model and it always ends very same way.
It's a typical "hit and run" scenario and I would absolutely advise everyone to be very careful and think twice before investing.
Cheers,
Piotr
I've tested the service: 0.021btc in about 10 days with about 0.5btc invested. Ok, this means nothing, just a testimony of experience.
Dear @oneshot
So you've invested something around 6.5k usd and you received around 250usd worth of BTC after just 10 days?
That is raising enormous red flag. That's like 4% within less than 2 weeks. I cannot think of any legit business model (except of ponzi) that would allow to benefit investors so greately.
Yours
Piotr
The reason for this is Indonesian Law did not allow company to be held by one person only, doesn't matter how much you pay or set up, there will be no room at all for any company to be held by one person, since its a branch of AMFEIX it should not be a problem who is the owner of the branch as long as AMFEIX central issued a legal appointment. The 1st observation is answered by itself, we just obey the rules of Indonesia with no any side agenda or whatsoever. AMFEIX didn't change the registration from UAE we have both and will have more in the future such as AMFEIX Malta. So there has been no change in registration as both are still valid.
It doesn't matter what language the registration is in as long as its regulated (which it is) it shouldn't matter.
Again, this is how Indonesian regulation works, you can't really argue about it actually, the way the government handles things is different, with that capital we can legally do business with any amount of money, we are obeying the Indonesian rule. If for the company deposits we had to pay more we would, but if that amount of paid up capital is enough for us to do business why do we have to put more when we don't get any more benefit from it.
The important thing is we work with btc capital not fiat, and in Indonesia we still don't have any legal paperwork to do business with btc capital, as we continue our business, AMFEIX is on process negotiation with several official government and religious organisations in order to get more legal protection and sense of security for our investors. Due to local regulation that will take time and the right partner to do so. Even for the local company to get approved by OJK takes quite some time and effort to do so, AMFEIX is in the process as we speak.
At AMFEIX we've never compelled people to deposit capital, we are trying to get all the documents and licenses ready at the earliest time possible, but during due time it is investor's self policy to deposit capital or not, we give a lot of proof of work unlike many of the other companies, we are happy to support the decision made by our prospective investors.
Our traders will be made public this month to further improve our transparency. We have done a fund audit which we have seen very few to no other crypto companies do successfully this is very important as this proves all trades are actually being made and increases investor confidence. All BTC managed by AMFEIX has been proven and shown to investors.
We are waiting and preparing our company to have more legal protection than we will announce the credentials for the owner of the company. AMFEIX is ready to reveal everything, when the time is right, and it is needed going to do so. As for how we invest we have shown more transparency than any other company and will continue to do so. AMFEIX is going to be here as one of the leading crypto companies in the near future, we will continue to strive in that path.
THX for the downvote and your copy paste answer that does not fit to any of my points...
... but actually fits very much to what I expected...
They are ridiculous @solarwarrior
@amfeix,
Trading by investment - for me it's a MYTH and my all previous experiences said all those trading based investment sites ended up with the name of "SCAM". If you have funds do your own trading or try to hold STEEM (STEEM POWER)
It might be worthier than invest on these type of places that purely runs on PONZI schemes!
I am not down voting posts, but here I am doing it! Coz I don't trust this sponsored article!
Cheers~
We've shown proof of all funds and will continue to do so every month :)
@amfeix,
Every scammer said this at the beginning lol :D
Cheers~
Your statement makes no sense, AMFEIX is pending registration and/or register in 4 countries including Malta. Showing all funds is the maximum level of transparency something which most of the large exchanges don't even do.
@amfeix,
Do you think I don't know about HYIPs and PONZIs! Yeah most of them are registered at UK and Malta! Sometimes you might try this purely, but for me you are heading into troubles by this business model! So, better trade with your won money and the pain might be lesser than gambling with others funds as well!
Cheers~
Its true you don't know how HYIPs and Ponzis work because those companies can't prove the funds that back their accounts, but we can which clearly distinguishes us. Its known as Proof of Funds and we've done it.
@amfeix,
Yeah I don't know how HYIPs, PONZI works, but I know how you guys are planning to scam people!
Cheers~
Such unprofessionalism.
"A fool is wise in his eyes". King Solomon
There was another group a couple of years back that was similar. I think it was called bitconnect. They did bitcoin lending and other “investments”, as well as hosting a social media platform. I was in early, made a reasonable profit, then pulled everything out. They were later shut down and dissolved, I think by government action, but I’m not sure on that (it was more than a week ago and I’ve slept since then).
Bottom line, it might be safe to try with your spare change, pull out your initial investment as soon as you get ahead, then either stay in for another xx% growth and pull back to the sidelines or get out altogether. Even crooked hyips will be in for a good run, and if these folks are legit, you can rejoin later.
We've shown proof of all funds and will continue to do so every month to distinguishing us from these other companies.
Good to hear. Transparency is important.
Downvoted for spamming my feed.
Right so if you lose my money the risk is all mine, but if you make some, you take 20% sounds legit.
This is a terrible idea and the way you word it is the exact reason why financial authorities around the world force people like you to put the very important words into their advertising:
investments can go down as well as up.
Cg
We don't guarantee profit as this is not possible. However you should look at our previous results.
t looks like a platform like other of its kind. Give us money, and our specialists will multiply your assets. As soon as they arouse confidence, suddenly it turns out that they have not completed the formalities and the financial supervision commission SEC freezes accounts and you stay with nothing. Experience with the AIRGRAB platform. I'm out. Greetings.
SEC can't freeze Bitcoin this is what decentralised means :)
That's silly. If my BTC is in your account being traded and you get arrested, etc. The BTC may still be there, but it's effectively frozen because you have its address and I don't. And unless you've hidden your addresses perfectly - probably impossible to do once they seize your computers, then they can get some or all of it. BTC is great, but it's not magic.
I'm leaning toward dipping my toes in, but statements like this worry me.