Issue & Redeem

Once the manager has filled the parameters required to create the fund, they will generate their own unique token that represents a share of the assets in the fund.

Anyone can then issue more Fund/Program tokens by providing the appropriate amount of assets.

Here is an example:

Fund tokens total supply - 1000 Fund assets allocation - 2 ETH, 100 GVT

In order to issue another 500 Fund tokens, investors need to deposit 1 ETH and 50 GVT. After the investment, Fund will have the following structure: Fund tokens total supply - 1500 Fund assets allocation - 3 ETH, 150 GVT

Redeeming Fund tokens works in reverse:

The investor returns 500 Fund tokens to the smart contract and gets 1 ETH and 50 GVT (minus the management fee, earned by the manager throughout the investment period).