Daisy Update Dec 4, 2024

 

Some great news & progress made!

 

This is a long update about the current funds and the NEW fund so please take time to read in full.

 

New Trading Fund

 

After 18 months of work the new broker/dealer license and the fund management license were granted a few days ago. The next step is to onboard all the service providers such as the liquidity providers, banking, KYC services, etc then open the licensed fund to onboard new members who wish to participate, and new trading to begin. Once the decision is made to go live, this will open a new opportunity for anyone who chooses to participate in the new fund model. 

 

KYC

 

The final stage of KYC integration is debugging. This is expected to be completed in the next 1-2 weeks.

 

 Go Live For New Fund

 

The timing of the new fund model to go live is yet to be determined, and will be based on the integration timeline with the service providers, as well as the input of the leaders. Phase 1 of the new model is expected to begin with Crypto trading. 

 

Current Daisy Fund (Crowd Funding Funds)

 

To recap on the last update the trading was halted on Friday Nov 22 and a request was made with the broker to withdraw ALL funds that were being traded. 

 

The next step is to receive the funds withdrawn which is expected to be in a series of tranches. Please note Daisy has NO control over this process or timeline. The community will be updated immediately when the first tranche of funds are received.

 

As funds are received the process will begin to release the funds to the community to your Tron wallet/s connected to the Daisy platform. Note that NO KYC/KYB is required by community members to receive the full balance displayed in your Daisy back office to your wallet. As funds are received, payouts will be prioritized first to those who have not yet received their initial contribution back, with contribution amounts being paid out first, then will proceed to payout the earned rewards to all members. 

 

Again, D.ai.sy has no control over the timeline for funds to be released from the liquidity providers and broker, but this is the plan as the funds are received. 

 

Next Update

 

A global zoom for the community is planned for mid-December. Details to come.

 

Thank you for your patience and understanding as everyone works diligently to resolve the challenges, with a clear intention and mission to create a positive outcome for all members of the community.