FAQs for Investors
Wallet Questions
What is a wallet and why do I need one?
A cryptocurrency wallet, comparable to a bank account, contains a pair of public and private cryptographic keys. The keys can be used to track ownership, receive or spend cryptocurrencies. A public key allows for other wallets to make payments to the wallet's address, whereas a private key enables the spending of cryptocurrency from that address.
Do I need an App to create a wallet?
No, you can create a wallet without an app, e.g. on myetherwallet.com. Just make sure that you own your private keys.
Can I use another wallet?
If you already have a wallet then you don’t have to create a new one. Just connect your wallet by clicking on “I have already a wallet” and you are ready.
Buying Cryptocurrency and Investing in the Fund
Why do I have to buy Cryptocurrencies to invest in the PEAKDEFI Fund?
You invest in the PEAKDEFI Fund with cryptocurrency. You can invest with ETH or any other ERC20 token. If you don’t have any cryptocurrencies yet, you have to buy some first in order to invest in the PEAKDEFI Fund. If you have already ERC20 Tokens in your wallet, you can directly connect with your wallet and are ready to invest.
Can I invest in PEAKDEFI with Fiat Money?
You can use “Wyre” to buy cryptocurrencies and then invest in PEAKDEFI with the bought crypto. Just make sure you purchase ETH or any ERC20 Token.
Can I use another option to buy Cryptocurrencies?
Wyre is just an option. You can use any other service to purchase cryptocurrencies.
I already have Cryptos in my Wallet, do I still have to buy some?
If you have already ETH or ERC20 Tokens in your wallet then you can just connect this wallet with our platform and are ready to invest.
Do I have to pay fees when buying Cryptos?
It depends on the service provider you use. Usually there is a transaction fee, in Ethereum called Gas fee, that you have to pay for the transaction to get through on the blockchain. The service provider can put on top an additional fee for its service.
Connecting your Wallet with PEAKDEFI
I can’t connect my wallet, what can I do?
If you can’t connect your wallet on the PEAKDEFI platform check the app that you are using for the connection, e.g. metamask. Maybe you entered a wrong password. Or it could be a temporary issue, then try to connect again after a few minutes.
Is there another way to login to my account?
You can use any provided way to connect your wallet.
I forgot my Wallet Login Credentials, what can I do?
PEAKDEFI doesn’t store any Wallet Information. Hence it cannot restore your Login Data. You as the owner of your wallet are responsible to keep your private keys in a safe place.
Investors Dashboard
How can I invest in the PEAKDEFI Global Fund?
Connect your wallet
In the Dashboard click on the Buy Button.
Choose the amount of shares you want to buy.
Choose the Cryptocurrency you want to pay with. (check your wallet balance to ensure you have enough Token in your wallet).
Optional: Stake PEAK to get staking rewards.
Click on “Buy Fund shares”. In Order Details you can check the total costs to invest in the fund.
Do I get the my Fund Shares into my Wallet?
The PEAKDEFI tokens will be given to your wallet after your purchase transaction has been accepted by the Ethereum blockchain, which may take up to a few minutes.
Where can I see my PEAKDEFI Shares?
You can see it in your Dashboard. If you want to see it in your Wallet App add a new custom token by filling the form field Token Contract Address with
Can I sell again after buying a Fund Share?
To ensure that Managers have enough time to perform proper trading there are Trading Cycles of 60 days where the funds are locked. While you can invest in the fund anytime you can sell your fund shares only within the intermission phase. This is a period of 3 days between every trading cycle where Managers are not allowed to trade and investors can sell their funds.
Do I have to pay fees?
For buying shares you only need to pay the transaction costs on the Blockchain. (Gas Costs) But there is a management fee of 0.1% to pay every cycle and a success fee of 35% on the revenue in the specific cycle which is taken into account only if the fund is profitable in this cycle. This success fee is distributed between asset managers (15%) and affiliates (20%)
Selling your Fund Shares
I can’t sell my Fund shares, why?
To ensure that Managers have enough time to perform proper trading there are Trading Cycles of 60 days where the funds are locked. While you can invest in the fund anytime you can sell your fund shares only within the intermission phase. Above you can see a counter that shows you when the next intermission phase begins.
What does Intermission Phase mean?
This is a period of 3 days between every trading cycle where Managers are not allowed to trade and investors can sell their funds.
When I sell, where does the money go?
When you sell your shares the converted amount goes straight into your own wallet that you are connected with on the PEAKDEFI platform. You can choose at the “Deposit to” section the Token that you want to receive. PEAKDEFI uses 1inch.com as an exchange aggregator.
Do I have to pay fees?
For selling your shares you only need to pay the transaction costs on the Blockchain. (Gas Costs)
Peak Global Fund Details
What is the difference between Price Change (Current Cycle) and (since inception)?
A cycle on PEAKDEFI is 60 days. A Price change (Current Cycle) is the difference between the current price and the price at the beginning of the cycle. Price change since inception is the price change from the very beginning. Green Colour means a positive change, red signals a negative change.
What does APY mean?
The Annual Percentage Yield (APY) is the rate of return of the fund over the period of one year.
What does Assets under Management mean?
It’s the current value of the assets that is managed in this fund, measured in USDC. USDC is a Stable Coin pegged to the US-Dollar.
What does Max Drawdown mean?
A drawdown refers to how much the fund is down from the peak before it recovers back to the peak. Drawdowns are a measure of downside volatility. A Maximum Drawdown is the maximum historical downturn of the fund. Maximum Drawdowns are an indicator about the risk of the fund. The lower the Maximum Drawdown the more conservative the strategy of the fund.
What does Standard Deviation mean?
Standard deviation represents the volatility of an asset.
What is the management fee?
It’s a fixed fee that investors pay to the managers of the fund for every trading cycle. The current trading fee is 0.1% of the invested amount (Asset under Management / AUM).
What is a Success Fee?
15% of the profits that the fund has generated in a cycle is set aside as commission and distributed among fund managers proportional to the amount they hold and their risk profile. 20% of the profits that the fund has generated in a cycle is set aside as commission for affiliates.
These commissions are taken into account only if the fund is profitable during the actual investment cycle.
What does the counter “Time left before sell allowed” mean?
It shows the remaining time until the current cycle ends. While you can invest anytime you can only sell your shares again after a cycle ends. When the time expires you have 3 days to sell your shares again (intermission phase) until the next cycle of 60 days begins and your funds are locked again.
Can I see Trading Transactions of the fund managers?
You can see only your Transactions, not the Transactions of the Managers.
PEAK Staking
What is PEAK?
PEAK is the token that fuels the PEAKDEFI Platform.
What are the benefits to stake PEAK?
You earn additional PEAK while staking. Read more here.
Are my PEAK locked during that period?
Yes, during the Staking Period your PEAK tokens are locked.
Can I get my PEAK back before Staking Period ends?
No, you can’t cancel your staking before the period ends.
When do I get the PEAK Rewards?
You get a daily dividend in PEAK. Actually the PEAK Staking counts even every second.
Where can I sell PEAK?
You can sell PEAK on different exchanges, please check coinmarketcap.com to see on which exchanges you can sell the tokens.
Do the PEAK Rewards land automatically in my wallet?
You have to claim the Rewards by clicking on “Claim rewards”, then the PEAK Tokens will be sent to your wallet.
What is the Bigger Bonus / Longer Bonus / Early Factor ?
The Staking Rewards depend on the amount, the period and the time when you start staking. Read more here.
What is the minimum period to stake PEAK?
The minimum period to stake PEAK is 10 days.
What is the maximum period to stake Peak?
The maximum period to stake PEAK is 1000 days.
When Do I get my PEAK?
You get the PEAK rewards on a minute basis. Once the staking period expires you get your staking amount back into your wallet.
Inviting Friends and earning Referral Rewards
How much Commission can I get if I refer a new member?
You can get up to 20% commission on the fund profits distributed on 8 Levels.
You can get up to 20% Staking commission distributed on 8 Levels
You can get One time PEAK Distribution by achieving specific Referral Ranks
Read more about the Referral Commission here.
What is DSV?
DSV are Direct Sales Volume Points . Besides earning great commissions on your referral's investments and staking you also collect DSV. These DSV entitle you to attain "Career Ranks" for special accomplishments. Every time you achieve a new rank you will get a One Time Bonus Distribution in PEAK. Read more about DSV here.
Launchpad
What are the steps of an IDO?
1. IDO whitelisting: The beginning of the IDO whitelisting can vary, so please visit the IDO details page for further information.
2. Calculation of base allocation: The alIocation depends on the number of participants and ensures that there are enough tokens for a guaranteed allocation for every investor.
3. IDO sale: Registered participants with guaranteed allocation are allowed to fund their allocations in the pool.
4. Token distribution: Once the sale is finished, we collect the allocations data. The token distribution and listing information can be found on the PeakDefi Announcements Telegram channel or in the IDO details page.
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