Beth is a closed-end fund that relies on a combination of Ethereum technology and deep learning to make intelligent, profitable investment decisions. Here’s our Beth review.
What Is Beth?
Beth is the world’s first ever closed-end fund. The fund is found online at Beth.jp. The goal of the fund is to provide an opportunity for anyone interested in being part of a new generation fund that reduces risks and complications in favor of “DL techniques” (deep learning).
Basically, Beth involves using complex trading models and strategies that will learn, develop, and improve over time. That means you can enjoy better investment portfolio growth than most human-managed funds.
Of course, the use of trading bots and funds isn’t totally unique: other platforms work this way as well. The difference between Beth and its competitors is the use of decentralization and automation, all of which is carried out in the background while Beth is constantly learning.
Beth also distinguishes itself from the competition through the use of deep learning.
The basic concept of the Beth Fund was developed between May 2016 and September 2016. The company plans to release Beth Fund to investors in October 2017. The fund’s initial coin offering is taking place in June 2017.
If Beth does not raise at least $3 million USD (or the equivalent in BTC and ETH), then they will not be able to carry out the project, and the funds will be reimbursed.
The Beth ICO
The Beth Initial Coin Offering (ICO) is taking place between June 5 and June 20, 2017. You can only purchase Beth Tokens within the period of the Beth ICO.
During the ICO, 100% of Beth Tokens will be distributed, which is 20,000,000 Beth Tokens in total. There’s no limit to the number of Beth Tokens available for purchase by one user. Each Beth Token has a fixed price of $0.50 USD (however, you’ll only be able to purchase Beth Tokens with BTC or ETH).
Beth Tokens are Ethereum-based cryptographic tokens of value. The developers of Beth chose Ethereum because they plan to distribute profit using the Ethereum Smart Contract system.
What’s the value in Beth Tokens? Owning Beth Tokens give holders the right to receive 60% of quarterly profits, with 25% of profits being invested back into the portfolio. The remaining 15% share of profits appears to be investment fees, although the Beth website is a little vague on that part.
They do claim that giving 85% of profits to investors is significant, and that “nobody could offer something like this”.
Above, we talked about how Beth was the world’s first ever closed-end fund. That’s because 100% of the supply of Beth Tokens will be delivered during the ICO, and you will not be able to purchase Beth Tokens outside of that ICO.
The final release of Beth is scheduled for release in October 2017. However, there will be a training period and model test for Beth, during which all results will be publicly accessible.
Bonuses are available during the beginning period of the ICO. Day 1 has a 30% bonus, day 2 has a 25% bonus, and days 3 through 7 have a 10% bonus.
How Will The Beth Fund Be Allocated?
The Beth Fund has the following allocation goals:
- 70% will be allocated to the investment portfolio
- 15% will be used to cover operational expenses
- 15% will be used as reserve funds hedged in BTC or ETH
All investment decisions, however, will be taken by Beth. Beth will choose all of the assets, which include a mixture of bitcoin, Ethereum, altcoins, tokens, and other crypto-assets.
These decisions will be made, according to Beth.jp, “based on our complex trading models and strategies that we made thanks to the use of Deep Learning techniques combined with our financial expertise”.
Who’s Behind Beth?
Beth was co-founded by Dr. Seiji Yoshizaki and Hayato Takano. Seiji Yoshizaki has been a professor of Electrical Engineering and Computer Science at the University of Kyushu for over 8 years. He’s also a researcher and entrepreneur specializing in artificial intelligence, robots, and deep learning.
Hayato, on the other side, “is a businessman related to the Tokyo Stock Exchange”, explains the official Beth.jp website. Other key members of the team include Koyama Hideyuki (Deep Learning Architect) and Hidemasa Kuwae (Blockchain Developer).
Should You Invest In Beth?
Beth is a unique opportunity. With Beth, you have one opportunity to invest in an AI program that will choose investments in the world of cryptocurrency based on deep learning techniques. The ICO is scheduled to take place in June, during which all 20 million Beth Tokens will be distributed. It’s the world’s first closed-end fund.
The biggest test for Beth will be later this year, when Beth goes through a beta and training period. During this period, all results will be publicly available. Beth will continue learning and adjusting her strategies over time autonomously, although Beth will constantly be monitored by the team.
All Beth profits will be distributed through an Ethereum Smart Contract, which is why the profits will be automated. Investors receive 85% of profits (60% directly to them, while 25% of profits are re-invested).
Ultimately, Beth presents a unique opportunity for investors unlike any we’ve seen before. Stay tuned for more information as Beth goes through its ICO then prepares to launch in October 2017.