Harmony Block Capital is a tokenized crypto hedge fund, structured as a decentralized autonomous fund within a distributed autonomous organization. The fund utilizes tokens and smart contracts for financial management. Information about the funds positions, trading records, investment portfolios, and asset curves is integrated into a cryptographic audit system, ensuring transparency and accessibility for scrutiny by token holders and the public. Assets of the fund are recorded on the Ethereum blockchain. Token holders can participate in governance through token holder meetings based on their TRUST holdings (1 TRUST represents 1 vote and 1 share of the fund), maximizing autonomy.
The TRUST Token represents a tokenized share of the fund, serving as a tradable community governance and proof-of-stake instrument. It is used for profit distribution, net asset value calculations, share transfers, community governance, and settlement of operational costs for the fund. TRUST is not an ICO, as it is issued backed by ETH staked during subscription and can be exchanged bi-directionally with ETH via subscription staking and redemption processes. The price of TRUST to ETH is tied to the fund’s performance.