💰On-Chain Mutual Funds Program

Info about how Magnum's On-Chain investment and passive income program works.

Mutual Fund Pools

These are smart contracts deployed On-Chain which will hold and manage the investment funds. These pools have restrictions on withdrawal and only the investor can withdraw. The pools also have numerous other security features like only certain trading methods can be executed with those funds. These pools have public funds info, risk profile, ranking, profit calculations and reviews for users to choose the pool of their requirements. Pools also have some restrictions like an optional lock-in period of funds before investors can withdraw the funds and the time of clearance after the withdrawal request, for the convenience of the Funds Manager. The Fund Pools are your gateway to passive On-Chain investment with calculated risk-profile.

Funds Manager

People who are good with on-chain crypto trading can join our Funds Manager Program in a completely decentralised manner. Every onboarding Funds Manager can set their commission rate, minimum and maximum funds amount they are willing to handle, and the minimum locking period for the invested funds in their pools (Both hard-locked and Emergency-Withdrawable).

Magnum’s Mutual Funds Factory program will create a new Funds Pool for the new Manager, and Magnum will start generating performance stats, ratings, reviews for that pool along with the options for users to invest based on the requirements of the Funds Pool.


Magnum Approved Funds Manager

These are the Funds Managers who are onboarded and recommended by Magnum. Might not be crazy profitable, but can be consistent.

Secured Funds Manager

These are the Funds Managers who have deposited collateral with Magnum in certain percentage, against the funds they get to manage on the program. We will show the exact percentage of collateral they have with Magnum. This percentage is the insurance fund for the investors in case the Funds Manager does a fraudulent activity to lose all the funds.

Trading

Funds Managers will have a restricted access to the Pool Funds where they will only be able to trade On-Chain and Pre-approved Pairs with Magnum.* They cannot withdraw the funds in any manner from the Pool Contract. And Pre-approval will restrict any possible frauds by the Funds Manager, potential Rug-Pulls and scam tokens.

*There will be a separate section built for Fund Managers to be able to take on instant opportunities like Sniping a new launch, without having to manually Pre-register it with Magnum. Investor will be able to decide how much fund do they want to dedicate to that. And even in this case, the standard honeypot checks and filters from Magnum will be applied automatically.

Withdrawals

Withdrawals cannot be instant in Investment Funds because managers might have open positions for a large amount and your funds might need some of the positions to be closed before they can be withdrawn. So we have withdrawal request feature to accommodate a more efficient withdrawal of funds.

Investors will register a withdrawal request to the funds pool. Manager will be given certain days based on the Funds type and risk profile, to get the realised amount ready for withdrawal to the investor. Once the amount is available, investor will be notified and they can claim the withdrawal. In case the Funds Manager fails to make the fund available, we have intrusion rights to arrange the withdrawal funds from the pool.

Withdrawals requested before the pre-agreed minimum required lock-in period will not include any realised or unrealised profits and will be levied a pre-agreed penalty. If funds have unrealised loss, investor’s funds will bear the loss for early withdrawal.

Monitoring

Magnum will build a detailed monitoring dashboard for investors to be able to monitor the performance live, while it is being traded. All the data will be fetched from the network real-time. Magnum aims to build the whole program keeping transparency and trustless system in heart of it.

This will help Magnum to bring the real investors, rather than the traders themselves, into On-Chain trading, because they don’t have to know any technical details or not have to catch up with the very fast-pace world of Crypto trading. Along with that, it will give the exposure and a new platform to the trading experts - where they can use their skillset to move the pooled funds to earn consistent income.

A monitoring dashboard will also be provided for the Funds Managers so they can track the performance, keep a log of withdrawal requests and can manage the funds in a better way.

Cross-Chain Ability

The On-Chain Mutual Funds Program will get the Magnum’s Cross-Chain trading update in future so the Fund Managers can trade with a better and wider scope.