Kairos claims to be the first artificial intelligence driven ETF for blockchain assets. Find out what that means today in our Kairos review.
What Is Kairos?
Kairos, found online at KairosTokens.com, is an artificial intelligence-driven ETF for blockchain assets.
It’s a crypto-asset management fund run by an AI program, focused on trading blockchain-based assets. The objective of Kairos is to make informed investment decisions and better calculated risk while investing in volatile crypto markets. The AI agent running the platform is called Kairos.
Kairos is described as “predictive by nature, and analyzes mass data sets with incredible speed and accuracy.”
Kairos AI manages the Kairos Fund by optimizing and harnessing the vast investment potential available in the crypto markets.
Kairos is being developed by two companies, including Rocky Mountain Ayre Inc. (RMTN) and Ocubicle Inc). The two are “collaborating strategically” to make Kairos, and are sharing their physical and intellectual resources to bring the platform to life.
How Does Kairos Work?
Kairos is an investment fund managed by AI. Obviously, that isn’t a totally new concept, and we can find plenty of investment funds managed by AI or trading bots today – including inside and outside the cryptocurrency community.
That’s why the true value of Kairos will lie in its artificial intelligence, including whether or not it can accurately predict price movements in the notoriously volatile world of cryptocurrency.
Like other investment funds, the Kairos fund revolves around the use of Kairos tokens. You buy Kairos tokens that represent an ownership stake in the fund. The tokens will be priced at $10 per token, with a total of 15 million tokens available.
Investors’ funds will be invested into a diversified pool of digital currencies and assets “that have shown great potentials [sic] and are expected to experience rapid growth in the near future.”
Kairos’s whitepaper goes into further detail about the AI system’s investment strategy. The company claims “many factors are implicitly considered” before Kairos invests in a crypto asset. Some of the considerations include:
- Crypto assets that are experiencing strong and consistent growth
- Assets deemed to be a good value relative to the value of the company’s business
- Underpriced crypto assets with long-term growth potential
- Assets within a certain market capitalization range
Kairos plans to use 60% of its fund for mid and long-term asset holding, 25% of the fund for “leveraging unique market opportunities”, and the remaining 15% for “arbitraging and leveraged margin trading”.
Kairos Management Fees
We’ve seen all types of management fees across the cryptocurrency investment industry. Kairos lists its management fees and performance fees clearly in the whitepaper.
The fund charges an annual management fee of 3% and a quarterly performance fee of 7.5%.
The performance fee is calculated in reference to the increase in the fund’s net asset value (or NAV).
The Kairos Token Sale
The Kairos token (KRX) represents your stake in the investment fund. A total supply of 25 million Kairos tokens will be created. 15 million tokens will be available during the token sale, priced at $10 per token. You can pay using bitcoin, Ethereum, and Litecoin.
6.25 million tokens are reserved for future offerings. 2.5 million tokens are held by the Kairos development team. 1.25 million are reserved for early backers.
Bonuses are available based on investment size. Bonuses start at 0.5% for investments greater than 50 ETH.
Who’s Behind Kairos?
Kairos is led by Timi Olorunyomi, a tech entrepreneur who has “spent the last 10 years in developing world-class tech products that solves critical industry-specific problems” [sic]. The other key member of the team is Timothy Ayre, who contributes his 25 years of Wall Street experience to the company as a financial market expert. There’s also Simon Jacobson, who has been a fund management consultant and key fundraiser for many publicly traded firms.
Kairos has already received funding from four high net worth individuals. Between March 2015 and February 2017, the company raised $435,000 from these four individuals. The money was used for research and development.
In terms of development, Kairos started the project in June 2014. Version 1.0 was released in April 2015, and version 2.0 was released in February 2016. The company plans to inject its raised funds into the market in September 2017. The first public performance report will be published in December, and quarterly dividends will be paid out to investors at that time.
Ultimately, Kairos isn’t the only trading bot on the market. There are plenty of options inside and outside the cryptocurrency community. Kairos hasn’t published its performance results publicly at this time. However, Kairos will start investing in markets in September, and then begin publishing its results in December.
Stay tuned for more information about Kairos and the Kairos Tokens as the project moves forward. The fund appears to be moving through the cryptocurrency community with an enormous amount of capital, and they have the potential to make a big splash in the industry.