Yes, except US Persons (unless you are an Accredited Investor) and countries on our Restricted List (see Annex 5 of the Terms).

You can buy the tokens in the Fluid app.

• With fiat currency:
  1. Go to app.fluid.ch
  2. Create an account with just an email address.
  3. Purchase FAFS tokens from the Investments tab.
• With crypto:
  1. 1. You can use Fluid’s Swap function here
     2. OR, you can contact Fluid for a personalised private client transaction. We accept DAI, USDT, USDC and ETH.

   

  Marc Flekei
  Email: marc@fluid.ch
  Telegram: @MF_Fluid

  Max Cochrane
  Email: max@fluid.ch
  Telegram: @MC_Fluid

  Cristina Mailat
  Email: cristina@fluid.ch
  Telegram: @CM_Fluid

Each pre-sale token is equal to $1.00.

The FAFS token will be convertible into Fluid Arbitrage Fund (FAF) tokens, with a bonus.

Pre-sale investors get a bonus, as follows:

Fluid token holders will also get a bonus, as follows:

Those who contribute to our DAI – DUSD pool on Balancer will also get a bonus, as follows:

You can add liquidity here: https://app.balancer.fi/

All of these bonuses are additive. So, if you buy the FAFS pre-sale tokens, hold Fluid tokens and add DAI to our pool (as everyone should) then all of these bonuses are added together.

It is actually a profit sharing (from the arbitrage), rather than yield. Fluid is integrated into the traditional financial system and also crypto, so we are able to take advantage of the difference between the official rate and the market rate in many countries.

There is frequently an official rate for a currency or a standard retail market rate. Often remittance providers like Wise, Western Union or Remitly offer a slightly worse rate and charge high fees to cover payment system cost, etc. Fluid sources currencies at wholesale market rates and (at times) uses digital rails and peer to peer markets to offer a much better rate to the user and captures an attractive spread for the fund. Fluid also matches different currency flows, cutting out the payment system middleman. By reducing the (often grossly inflated) cost of sending money globally, we contribute to our mission of building a better financial model for a better world and also generating attractive returns for our users. And, like everything we do, it is open for everyone, not just the 1%.

Fluid allow users to access most banking systems around the world, including Swift, SEPA, UK Faster Payments, Fedwire, ACH, AusPayNet, FPS (HK), SKN (Indonesia), IBG (Malaysia), EFT (Canada), RIX (Sweden), NICS (Norway), IMPS (India) and others.

Fluid also allows users to top up their accounts using Visa and Mastercard, as well as by using open banking.

Fluid also is built into Arbitrum and is planning to expand to Ethereum mainnet.

Fluid can deliver most global currencies to users’ bank accounts or their Fluid Accounts. From their Fluid Accounts, users from almost anywhere in the world can spend money on their Fluid Cards.

Yes. As many of our investors are from the traditional world, there is also the option to receive dividends in all of the traditional currencies that we offer.

Dividends will be paid weekly.

We are selling shares/tokens on the traditional side and the crypto side, so it is not trackable on-chain. We will announce when we get close to our targets (25, 40, 50).

These are the regular tokens, for after the pre-sale, called FAF tokens. There will be up to 50 million tokens + bonus tokens. This is a cap, no more tokens will be sold or distributed on fund launch.

We are considering different exchanges for listing the FAF tokens. The pool will be a DUSD pool, not ETH (as our base pricing is in US dollars). It will be on Ethereum mainnet.

The initial valuation of the FAF token at fund launch will be $1.00. Thereafter, the price will vary depending on the market.

The management fee is set at 2.5% of TVL (AUM) per year. This means that Fluid will be paid 2.5% of the TVL (AUM) for managing the fund.

The incentive fee is set at 30% of profits per year. The incentive fee is payable after the fund has earned 10% per year. This means that Fluid will be paid 30% of the profits above a 10% threshold rate for facilitating the success of the fund.

For example, if the fund earns 25%, then the 15% above the threshold rate will be shared between the fund (70%) and Fluid (30%). In this case, Fluid would get 30% of 15%, equal to 4.5%. The fund would get 10% + 10.5%, equal to 20.5%.

It is no problem and the fund will launch anyway. The returns are not tied to the size of the fund. Basically, each dollar deployed for arbitrage earns pretty much the same amount.

We are confident to be able to deploy up to $50 million so this is why we chose this number.

Yes, fund performance will be available.

All of it. Minus the management fee and incentive fee, which will be paid to Fluid.

All funds or companies have risk and you should never invest more than you are prepared to lose.

Fluid’s Arbitrage Fund is designed to be lower risk. Besides some fixed costs, we deploy funds to earn some of the difference between the official rate and the market rate, meaning the risk parameters are fairly limited.

Correct

It is more like USD > mint DUSD > DAI > Local Currency through local partners or Fluid’s p2p market.

There are also other routes, involving purely fiat currencies. Fluid accesses FX at wholesale rates usually only available to the largest banks, giving it a price advantage.

There is also the pure crypto route: arbitraging our DAI – DUSD pool on Balancer. Often this provides returns of >1% daily.

That math is correct. The question is: what is a token worth that has a high arbitrage profit yield? It is similar to bond (or bond with upside) pricing and we expect the token to appreciate in value (which may bring down the expected yield based on a higher purchase price).

Or, investors may simply not wish to sell and may just hold the tokens.

The returns for the fund are not related to crypto at all. It is just that the fund is tokenised (like our digital dollars, digital euros, etc.). The returns will come mainly from the difference between the official and the market rates for over 40 different countries that we are targeting.

A small portion does come from arbitraging our DAI – DUSD pool on Balancer. The profitability of the fund is more related to currency differentials than crypto market sentiment.

About $2 million.

The pre-sale will end when the fund has been allocated or 1 February 2023, whichever comes first.