Smart Investment Fund Token (SIFT) is an ERC20-compliant smart contract within the Ethereum blockchain that pays dividends in ether monthly. Each SIFT represents a single share in a volume-trading investment fund for cryptocurrencies including Bitcoin, Ethereum, Ripple, Dash and Litecoin. In addition to monthly dividends, shareholders will also be able to trade their tokens at market rates allowing them to cash-out as the fund value increases over time.
The SIFT ICO will release an unlimited amount of SIFT tokens for a period of 45 days at an exchange rate of 0.01ETH per SIFT. Each SIFT will represent a single share in the fund directly proportional to the number of issued tokens giving no shareholder more priority than others. The majority of raised funds will be used for trading purposes, with a small percentage of the fund being held back for prudent reserves and administration. This means that whether the fund launches with 100,000 SIFT or 1,000,000 SIFT the percentage return for an individual will stay the same.