Many global humanitarian projects and startup companies offer the promise for a better world and the loudHUMAN fund chooses to invest in those ideals. New ideas and technologies have created an era of global collaboration and the transparent collective reward in success using Ethereum ERC20 Smart Contracts.
Understanding the Technology
loudHUMAN Magazine token uses an open-source protocol allowing the creation of a blockchain-based vehicle which manages contributions by token purchasers. The loudHUMAN Smart Contracts utilizes the blockchain to perform functions such as net asset value calculation, fee accounting, and management of in-flows and out-flows.
The purpose is to capitalize humanitarian projects, start-ups, and companies which offer tokenized contracts. Blockchain technology allows us to eliminate the setup and operational costs imposed by middlemen while maximizing transparency and liquidity for token exchanges. Check out the videos below to learn more.
What is the blockchain
Tokenization of Assets
You may subscribe directly by seeking approval from the Manager providing details needed for whitelisting your Ethereum account and meeting SEC’s ridiculous guidelines. Exactly like a traditional hedge fund, you will own shares in the loudHUMAN inc. This method is most transparent and immutable on the blockchain .
Or you may purchase tokens from the loudHUMAN smart contract which represent a portion of the loudHUMAN Fund. The token’s value is derived from the loudHUMAN fund balance and is tradeable on ERC20 token exchanges. The loudHUMAN token contract Ether will be deposited into the loudHUMAN fund and accounts are balanced by the Manager.
- Ethereum cryptocurrency is best purchased using the widely trusted, Coinbase. Next, install the Google Chrome browser wallet called MetaMask. This browser based plugin will allow you to securely connect with Web 3.0 applications (Dapps).
- You will have two wallets; a private Coinbase wallet connected to your personal identity and a second wallet in MetaMask which will be used to approve your token purchases on the public blockchain ledger.
- Using MetaMask, send Ethereum to the loudHUMAN token smart contract. The contract will receive the Ethereum and automatically send ‘minted’ tokens to the MetaMask account.
- Lastly, add the loudHUMAN’s custom token address to the MetaMask cryptowallet. This allows the monitoring of the token price and exchanged back to the loudHuman smart contract for Ethereum cryptocurrency. 0x2f6aa9e80385316eee006ab8bb7943abf333a063
Smart Contract Details
The entering and exiting of positions is based on the Manager’s discretion based on evaluations and market timing. The Manager collects an extremely small 1% for portfolio management fee and the standard 20% on performance gains. Autonomously.
Several measures are in place to ensure the protection of the purchasors’ interests and brand’s integrity. The open-source smart contract handles logic related to changes in balances, such as changes in approved allocations, subscriptions, redemptions, and withdrawals. All transactions will be seen on the public Ethereum blockchain.
The total value will be denominated in US Dollars that is what people are already familiar with and requires a simple calculation. Token and Fund balances will be added together and divided by the total number of tokens issued which equal the value of each token.
Future Developments and Timeline
Launch of loudHUMAN Magazine Fund – 2019
Continue to accommodate evolving protocols and legal requirements. Revisions allows $3million+ balances using multiple smart contracts and accessing additional asset classes.
Launch of loudHUMAN Magazine VR – 2020
loudHUMAN plans to build an immersive storytelling experience using 360° environmental imagery, interactive infographics, and a compelling representation of real-world conditions. This online media experience is the next generation magazine, which pulls viewers into a boundless digital world.