This has been a busy month for the team here in almost all aspects of the company.
The markets have seen some return to liquidity and some reduction in gapping. However, gapping issues still remain and the continued path toward a diversification in our traded pairs is still our preferred trajectory. We’ve been testing of different trading pairs with more balancing put to negative correlation to reduce risk. Reducing risk is in our focus at the moment, especially with the changes in the market and the reduced stability in traditional markets.
Update on Fund Restructuring
Looking toward the restructuring of Countinghouse, there has been some promising movement, even if it is in one of our back up plans. To this end, Tim is heading over to the Seychelles, the home of Countinghouse, in person as some processes will require face to face interaction. This trip will be in the month of September and Emily will be coming along, looking to share some photos and updates on the Countinghouse social media channels.
Completion of Investor AML/KYC
It is still important to submit your AML/KYC, if you have not yet done so. This may be new news for you if you have recently acquired CHT from the markets. If is true for you, please register yourself as a CHT investor, and proceed to submit your AML/KYC. Do submit this at your soonest convenience as there is always processing times involved and the team is very busy at this current time.
Some new CHT holders have asked why they need to do AML/KYC -- This is because it is a legal requirement for us to have identified any CHT holder that wishes to send or receive any money direct to and from the fund itself. So, weather it is a liquidation or a dividend or a redemption, etc., the requirement of a completed AML/KYC will need to be met. Of course, due to the nature of cryptoassets and decentralized exchanges, some traders and investors might not be familiar with these requirements.
Social Media Interaction with the Team
For those interacting with us on social media, we must apologize, with the exception of our dedicated paid and volunteer moderators, as we have spent drastically less time on social media. This absence is due to an increase in our workload with a lot of changes and business activity underway. If you need to get a hold of one of our team for something that our excellent moderators can’t assist you with, then please send us an email to email@example.com, and please allow up to two business days for a reply, and if the matter is urgent please mark it as such.
We have a lot happening this month and look forward to reporting on further updates to you next month. Also, it is important to note that there could be one or two weeks in September where there will not be a performance to report due to the transfer of structure of the actual fund. If this is the case those weeks will simply be reported as 0% profit weeks. This is only intended as a preemptive notice of a potential action as part of our restructure, and may not occur in the month of September.
Thank you for taking the time to read the update.
Have a safe and productive month!
The Countinghouse Team
Photo credit: Harry Strauss on Pixabay