AMA Recap : New Features & 2023 Outlook

News 2 October 2022
AMA Recap : New Features & 2023 Outlook

We’d like to say thanks to all of you who joined the CFund 1st AMA on 29th September 2022 at the CFund Community Group on telegram. We appreciate all your support. This is a recap of the entire session, in case you missed it!

First Session : 2023 Market Outlook

Moderator : The first segment will “2023 Market Outlook” by Kurnia Bijaksana, CEO of Cfund Asia.

Kurnia Bijaksana :

2022 has so far been a less exciting year for crypto asset investors. Bitcoin, the crypto asset with the largest market capitalization, had experienced a decline of around 70% from its all time high in November 2021. Many crypto assets hadexperienced a decline of more than 50%, some even decreased by 90%.

Questions arise from crypto investors:

  • Will 2023 be a good year for crypto assets?
  • What are the factors that can affect the price increase?
  • Are there any crypto assets that can be purchased to invest?
  • How to keep funds safe to invest in crypto assets?

I will discuss one by one based on the results of our team’s analysis.

It should be noted that our discussions and reports are not financial advice or a solicitation to buy, but are the results of our research reports, also for educational purposes

RECOVERY POTENTIAL, BUT NOT TO ALL TIME HIGH (ATH)

Based on our analysis, 2023 has the potential to be a better year for crypto assets compared to 2022. However, making a new high (ATH) price will be rather difficult for Bitcoin and other crypto assets.

We see the potential for Bitcoin to rise to around 30,000-35,000 USD. There is a possibility that this can happen in Q4 2022 to Q1 2023

However, we also see the potential that Bitcoin could drop to 13,000 or even 10,000 USD. Based on our analysis, the Bull Run and the return of various crypto assets to their ATH will happen after this (Bitcoin drops to 10,000-13,000 USD) happen.

It can be concluded that in early 2023, we can see quite an exciting recovery for the crypto asset market, but we have not been able to score new ATH.

FACTORS AFFECTING CRYPTO ASSET PRICES

With the current turmoil in the financial world, it will take some time for crypto assets and other financial markets to return to the bull market phase like in 2020-2021.

Currently, various economic superpowers are increasing their interest rates. This will bring investor sentiment towards a more conservative investment, thus leaving no room for high risk assets such as stocks and crypto assets.
Plus, the turmoil of war and crises in various countries, makes crypto assets still not showing bullish signs in the short-to-medium term, at least until the end of 2022.

2023 could be a good year for crypto assets when compared to 2022. However, based on our analysis, 2024 is when the next bull market really kicks off. We are referring to the Bitcoin halving event which historically has always excited and trending Bitcoin prices, followed by other crypto assets being bullish.

Short conclusion:
2023 will be better than 2022 overall, but there hasn’t been a real bull market yet.

SECURITY OF YOUR FUNDS INVESTING CRYPTO ASSETS IN CFUND ASIA

CFunds use measured and rigorous risk management, plus analysis from our experienced team, to ensure your funds are safe and your investment remains profitable at the end of 2022 and 2023 later.

We have prepared a strategy carefully to deal with the turmoil that may occur in the crypto asset market, as well as the financial market as a whole. With the strategy and risk management that we have prepared, we are more optimistic for the 4th quarter than the 3rd quarter, with the potential to generate profits of up to 3-4x what was generated in the 3rd quarter of 2022 Moderator : Thank you Kurnia for the information and analysis for the 2023 Outlook.

Second Session : CFund New Features 2023

Moderator : For the 2nd session, we can go to the introduction of the new cfund features in 2023 brought by Puja Arsana, Product Manager of Cfund Asia.

Puja Arsana :Our gratitude goes to Ladies and Gentlemen who have had the opportunity to attend the AMA (Ask Me Anything) session on this occasion, I am Puja Arsana as Product Manager at CFund Asia and I will guide today’s AMA session with the topic “CFund New Features 2023”.

According to our theme this time, what are the new features/products that we will give to CFund Customers?

Before discussing the new product, let’s first discuss the existing products that CFund has offered and have been enjoyed by our customers.

CFund Moon
For novice investors with low risk (Low Risk) where the deposited capital is only IDR 5,000,000, and the locking period is monthly.

Cfund Stars
For medium to intermediate Investors with Medium risk, paid-up capital of IDR 50,000,000 with 3 month locking.

CFund Supernova
For medium to intermediate Investors too, but this product is specifically intended for investors outside Indonesia, minimum initial deposit capital of 3500USD /5000 SGD with 3-month locking as well.

CFund Galaxy
For large entities such as companies/businesses or accredited customers.

And for the year 2023, we will develop the products that we offer into several products, namely: CFund Planets, Galaxy, Galaxy Plus+, Andromeda, and CFund Quantum. What’s interesting about the product in 2023 is that we want to try to offer products that use Digital Assets/Crypto Currency.

As seen in the picture above, we will merge CFund Moon and CFund Stars into one, namely CFund PLANET with a minimum deposit taking the middle value of the previous CFund Moon and CFund Stars. CFund Galaxy will be developed into 3 different types of products of course with different types also namely CFund Galaxy, CFund Galaxy+ one new product is a deal-based product, namely Galaxy Andromeda. Then we will add 1 product specifically for Crypto Holders who want to develop their Digital Assets in CFund. With this CFund Quantum product, we hope that customers who have crypto and want their crypto to grow can participate in this product.

As we explained earlier, CFund Planet is a merger between CFund Moon and Stars to facilitate retail investors with a minimum deposit of IDR 20,000,000/1300 USD. we want to make it easy for CFund Moon customers who want to feel the benefits of CFund Stars because as we know the distance between the minimum deposit of CFund Moon and Stars is quite far, namely IDR 5,000,000 and IDR 50,000,000 and we take the middle value.

At CFund Planets there is no specific locking period, customers can deposit at any time and the profits can still be withdrawn every month, but we will set capital withdrawals at the end of every quarter with the aim of making it easier for users without having to remember when they first deposited into a CFund product. So it’s more predictable for the withdrawal schedule.

Example: like the picture above, the customer can deposit into the CFund Planets product at any time, for example in January, February or even March, the withdrawal window will remain the same, same at the end of March to the beginning of April and of course the profit earned obtained will be different, will be prorated based on when the customer starts to deposit.

For the transition to begin in early 2023, all customers in CFund Moon and CFund Stars will be automatically transferred to CFund Planets. And for customers who have a balance below IDR 20,000,000, they can stay. because later CFund will provide relief to stay on CFund Planet even though the balance is below the minimum balance set, which is IDR 20,000,000. However, if the customer has the desire to top up/deposit, the customer must follow the minimum deposit rules for CFund Planets, which is IDR 20,000,000.

Continue to CFund Galaxy, what’s new in CFund Galaxy 2023? As I’ve said before, CFund Galaxy will be divided into 2, Galaxy and Galaxy+, actually it’s still the same as the previous Galaxy, but for Galaxy+ it has a larger minimum capital and the potential profit is bigger too, of course.

As can be seen in the picture, if previously the CFund Galaxy in 2022 the minimum deposit was IDR 500,000,000 in CFund Galaxy 2023 is also still the same as the minimum deposit of IDR 500,000,000, the minimum topup is still the same minimum of IDR 100,000,000 the difference is the Locking Period What was previously 3 months will later become 6 months.

What’s more interesting than CFund Galaxy 2023 is that CFund offers a new feature, namely CFund PRO for customers whose capital has never been withdrawn for 12 Months/1 Year, then in the next locking period you will get a 50% discount for all fees, both management fees and performance fees. If the customer makes a new deposit after 12 months, the management fee will be 1% and the Performance fee will be 10% each month.

Likewise for CFund Galaxy+ with a minimum deposit of IDR 1,000,000,000 and a minimum topup of IDR 100,000,000. Locking period is 12 months. CFund Galaxy+ will also have the same feature, namely CFund PRO for customers who have never withdrawn capital for 12 months.

Transition 2023 for CFund Galaxy, for customers who have a balance of more than IDR 1,000,000,000 will be contacted by our customer service to ask if they want to move to CFund Galaxy+.

CFund Andromeda is a new product from CFund which is a deal by deal version of CFund Galaxy. intended for Large Institutions and Accredited investors with Fee, Locking Period, Profit, and Risk Profile/Strategy schemes based on mutual agreement with a minimum deposit of IDR 5,000,000,000 and a Minimum TopUp of IDR 1,000,000,000.

CFund Andromeda customers will also get the CFund Pro Feature if after 2x Locking Periods they do not withdraw capital for either 6 months or 12 months of locking. For example, according to the agreement between the customer and the CFund locking period, the period is 6 months, after 2 X 6 Months (12 Months) you will get a different management fee and performance fee discount based on mutual agreement.

CFund Andromeda is suitable as a solution for those of you who, for example, own a company and want their treasury to be managed by us. In this way, you can get income that can be capitalized again from idle money in your company.

CFund Quantum is part of the new CFund product in 2023 as well. Aimed at Crypto Maximalists who want their crypto portfolio to be managed by the CFund team so that their Crypto portfolio grows while waiting for the market to return to the Bull Run. in CFund Quantum we will accept deposits using Digital Assets/Cryptos such as BTC, ETH or BNB. with a minimum deposit equivalent of IDR 100,000,000 from the value of the Crypto type at the time of making a deposit. For example, when a Customer wants to make a Deposit to CFund Quantum using ETH, let’s say the current price of ETH is IDR 30,000,000, the Customer must deposit at least 3.33 ETH.

For the minimum topup, we set it at the equivalent of IDR 50,000,000, Lock Period 6 months, fee structure is still the same 2% Management fee, 20% performance fee but uses the type of Crypto that is deposited

For more Low-Risk risk or the possibility of Loss will be smaller and of course the profit will be smaller too. CFund Quantum will also have CFund PRO features such as Other CFund Products, if you don’t withdraw for 12 months, you will get a 50% discount for all fees.

How about the reporting? CFund Quantum will be reported in Crypto. Because our focus is on increasing the amount of Crypto deposited by the customer, and CFund does not consider the value of the Crypto used by the customer.

So that’s the AMA session this time with the topic New Features CFund 2023. Everything will be launched next year, from today until 2023 customers can still enjoy the old CFund facilities. Thank you.

Third Session : Live Questions

R. Reza : How does CFund develop Client funds? Is it only trading (Spot/Future) and can clients see the spread of their portfolio? or with other methods like Staking, NFT, etc?

Regarding the management fee & performance fee, where does CFund deduct the fee from? Is it from every trade action that is taken or only takes a fee if there is a profit, or is the fee taken from the presentation of the final total amount of client funds?

Answer : We use fund management strategies in the crypto market in various ways. Mainly trading (spot and futures/CFD) and partly De-Fi.

I will give an illustration of how we manage funds assuming the amount of funds is 2 million USD. Including the potential profit and loss.

  • Management fee = 2% which is deducted every time a customer makes a deposit/top up.
  • Performance fee = 20% taken from the customer’s profit after being reported every month.

The following is a simulation of our allocation of funds. For detailed and live positions, customers cannot see directly. We can only report at the end of the month, and we will provide an outlook along with the next month’s allocation plan

R. Reza : What is meant by locking period? For example, for the CFund Moon product, are clients required to top up their balance every month? And the withdrawal process can only be done during the quarter month?

Answer : Locking period is period in which funds cannot be withdrawn. Example: Lock period 6 months = clients can withdraw their capital funds after 6 months after the deposit.

There is no deposit/top up obligation for clients. Everything is at the client’s discretion.

R. Reza : Regarding legality and risk, how far does CFund take care of licensing regarding this matter, because this is a big breakthrough in the Indonesian financial world. Then to what extent is CFund responsible for Client funds?

Answer : Actually, regarding this (investment management in crypto assets) there is already a legal umbrella at BAPPEBTI called the Futures Fund Center. (can be seen here: https://bappebti.go.id/pbk/peraturan_governmental/detail/53)

However, the legal umbrella applies to commodities in general, not specifically for crypto assets.

In addition, currently the technical implementation is still in the development stage. And CFund is actively engaged with BAPPEBTI to jointly formulate this regulation. It’s easy to issue regulations in detail soon

Regarding customer funds, CFund provides terms in the form of a maximum drawdown of 20%. or max loss 20%
If you have lost 20%, it will be returned to the customer’s discretion, want to continue, or withdraw the remaining funds. We made a black and white agreement signed by stamp duty by both parties (currently applies to CFund Galaxy products, and will later be live on other products while there is e-KYC from Peruri)

Raflein : Cfund quantum does it only accept 1 asset with a value of 100 million, or can it be multiple assets with a value of 100 million?

Answer : CFund Quantum only accepts 1 asset with a value of 100 million only.

Mailen Rita : Is the cfund supervised by Bappepti? How is the security of investors funds?

Answer : This question has been answered in the previous question, ma’am.

Sharinka Chandarastari : Does CFund PRO apply to CFund Planets? Or just Galaxy & Andromeda?

Answer : CFund PRO only applies to Galaxy, Galaxy+, Andromeda and Quantum.

R. Reza : Are there certain requirements to become an investor in CFund?

Answer : Basically, we will open CFund investors to the wider community, with limited marketing efforts until there is a full license/permit from the relevant regulator. Then to register and start investing, we only need KYC (later e-KYC from Peruri), but for large products (Galaxy, Galaxy+, andromeda) we will hold interviews with potential investors, including a more detailed agreement letter.

Moderator : How about the security of personal data and assets in cfund?

Answer : Regarding the security of customer data, we have been certified to ISO 27001. That is the international standard in implementing security and information management systems

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