Disclosure.exchange (DISC)

Matt Chambers

Matt Chambers

New member
DISC provides a proprietary pricing model, the DISC30 Cryptocurrency Index, and an investment vehicle, the DISC30 Cryptocurrency Index Fund, that allow clients to seamlessly participate in the Cryptocurrency Market, transact Fiat to Crypto and vice versa, while maintaining diversified market exposure.

What We Do:

1) Pricing - DISC pulls bid/ask spread prices from all relevant exchanges via APIs that list the cryptos that are included in the top 30 of our fund. What this means is that we are constantly getting the most accurate market price for our 30 underlying coins and pricing them correctly.

2) Execution - As a function of our price data from all relevant exchanges, we then determine the most competitive market price to execute a trade for each underlying coin. This is not a simple task, because not all coins that comprise the DISC30 are listed on one exchange. We scan multiple exchanges and perform the buy/sell transaction via the DISC30 Smart Contract.

Why Us?
DISC provides a cutting edge combination of traditional experience from the financial industry, regarding asset class diversification and trading, with a technological understanding of coding and Cryptocurrencies.

  • Our CEO, Matt Chambers, has worked as a financial analyst, investment adviser, commodities broker, and futures/options trader. Additionally, Matt has been following the Crypto market since 2010 and has built algorithms for high speed trading of CME futures contracts.
  • Our CTO, Ray Johnson, has extensive experience in Linux, Apache, MySQL, PHP, Javascript, jQuery, CSS3, HTML5, Web/Network security, and is adept at API integration, Solidity, and cryptocurrencies.
DISC has a successful proof of concept as of May 14, 2017, transacting Fiat to Crypto and managing client assets (on a small scale).

Our strategic partnerships are critical. In addition to our legal counsel, we are partnered with Uphold (for OTC fiat to crypto transactions), DASH (for our crypto gateway), and numerous crytpo exchanges (Bittrex, Bitfenex, GDAX, Poloniex, Kraken, Gemini, Binance, Bitmex, etc). By combining our trading/market acumen with technological coding expertise and strategic partnerships, DISC provides a superior investment vehicle via the DISC30 Cryptocurrency Index Fund than offered by our competitors.

DISC is propositioning DASH for an exclusive fiat to crytpo gateway for our Cryptocurrency Index Fund.
  • This serves DISC, because we need Seed Funding.
  • This serves DASH, because we will be providing a significant source of liquidity for DASH.
  • This serves both DISC and DASH for mutual marketing and PR purposes, and of course DASH would always be in our top DISC30.
 
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So you could only buy into the DISC30 Fund using Dash or Fiat?

If so this might be worthwhile but it heavily depends on how much you are asking for.
 
TheSingleton said:
So you could only buy into the DISC30 Fund using Dash or Fiat?

If so this might be worthwhile but it heavily depends on how much you are asking for.
Click to expand...

Thanks for your reply TheSingleton. To answer your question, all flow in and out of the DISC30 Fund would go through DASH. For example if an investor deposited fiat, our first transaction is to purchase DASH via OTC with Uphold, our DISC Smart Contract then purchases the remaining 29 cryptos. If that same investor wanted to make a withdrawal, the proportional USD$ would be calculated from the 29 non-DASH cryptos, which would be sold and used to purchase DASH, which is then liquidated into fiat through Uphold and then dispersed to the client. If the client is sitting in BTC, they transfer BTC to us, we purchase DASH and so forth. This is the main selling point in our opinion for the DASH community... we will be trading a lot of DASH consistently and on an increasingly larger scale as our assets under management grow over time (we are targeting $1 billion in AUM by year 3).

We are asking for $500,000 equivalent of DASH over 4 months (819/month) to be allocated as follows: Dev $150,000, Operations $100,000, Legal $150,000, DASH Reserves $50,000, Other Expenses $50,000.

I have a functioning demo site and a detailed business plan online, but was waiting to provide a link until I am authorized as a new user. If you have any other questions or concerns, please let me know and thanks for your time and consideration!
 
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looks like I can post a link...

https://disc.xr5.me/

UN: Investor4
PW: tmp_INV2_744

please let me know if you have any questions. feel free to buy some demo DISC under the clients tab and peruse the business documents. thanks. Matt
 
Sorry, I think I'm missing something. Why are all purchases going through dash? The best price for one of those 29 cryptos is not always going to be dash. Granted, dash has low transactions fees but that's not going to change the ratios between the various cryptos.
 
GrandMasterDash said:
Sorry, I think I'm missing something. Why are all purchases going through dash? The best price for one of those 29 cryptos is not always going to be dash. Granted, dash has low transactions fees but that's not going to change the ratios between the various cryptos.
Click to expand...
Hi GrandMasterDash, thanks for the question. We are estimating that 90% of our clients will be initiating their investment in DISC with USD$, so there needs to be a starting point. We are not sitting on a huge basket of cryptos that we can swap back and forth. Once we receive a client's deposit in fiat, we need to make a bulk transaction into crytpo via OTC in order to buy the 29 of the 30 underlyings that comprise the DISC30. Say Investor X deposits $1,000,000 into our business bank account... from that point our operations function is to purchase the 30 underlyings.... how do you do that? Step one, buy $1million worth of crytpo (the first option would be to buy BTC, but in our case we are going to use DASH)... this is a starting place, DASH can then be sold on the various exchanges to purchase the other 29. Our DISC Smart Contract will tell us which exchange has the best price for a given underlying at any time, but if the currency pair is a couple of cents off the best currency pair pricing, we are going to have to live with that, and it will average out, and be more cost effective, because if we had to swap cryptos each time to gain that very insignificant edge, it would be a cumbersome, convoluted process. I hope that answered your question. It's all about stream lining execution logistics.
 
Surely the quantitative methods could be coded into the smart contract, such that either bitcoin, eth or dash is used, to maximize efficiencies. But anyway, that aside, how do we verify that dash was indeed used on the backend?
 
GrandMasterDash said:
Surely the quantitative methods could be coded into the smart contract, such that either bitcoin, eth or dash is used, to maximize efficiencies. But anyway, that aside, how do we verify that dash was indeed used on the backend?
Click to expand...
The entry and exit point from fiat to crypto and vice versa will be transacted through OTC purchases/sales through Uphold.com. All activity, once DASH is purchased, is implicit in the allocation of the remaining 29 coins of the DISC30. So, an easy way for verifying the use of DASH as indicated as our crypto gateway, without impinging on client privacy, would simply be to provide a ledger of DASH OTC buys/sells, which would basically be derived from reporting on our site because we will be showing how large the fund is in terms of assets under management... so a daily log could be placed on the site showing DASH OTC transactions. These transactions could also be reconciled with Uphold as they are a partner of DASH and DISC is a partner with Uphold.
 
Half a million is quite a lot and while this looks like an interesting product it's not certain that this will take off.

I don't really feel comfortable spending that much money on something that could just fail.

How exactly would people invest in this with USD? Would this be listed on some kind of stock exchange or similar?
 
TheSingleton said:
Half a million is quite a lot and while this looks like an interesting product it's not certain that this will take off.

I don't really feel comfortable spending that much money on something that could just fail.

How exactly would people invest in this with USD? Would this be listed on some kind of stock exchange or similar?
Click to expand...

I agree, $500,000 is quite a lot. A large portion of that is for legal, DISC is a US based corporation and we are preemptively avoiding any pitfalls concerning securities regulations, hence legal fees estimated at $150k. DISC will not be listed on a stock exchange. Dev and Operations are costs, people have to get paid for their work... no way around that.

In regards to "something that could just fail"... ehhh, I'm long crypto for life, and that is a core premise of the business model. Unless we get hit with an EMP or CME and the grid goes down, I don't see crypto failing.

How exactly would people invest? Please see the demo site for a detailed explanation... note - Business Docs - The Process

https://disc.xr5.me/

UN: Investor4
PW: tmp_INV2_744

You can also read the entire DISC business plan there, buy some demo DISC, etc. I'm open to answering any additional questions that you have that are not addressed in the demo site.
 
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I am not saying crypto will fail. But why should people buy DISC instead of crypto directly? I assume all the KYC/AML stuff will be just as annoying as on any exchange.

Maybe your business will take off no idea but I think you will have a hard time convincing the MNOs to fund it.
And even if everything works out what do we get, better liquidity. That's nice but what we really need are users.
You are building something for investors that's just not the right fit I think.

But maybe you can change my mind good luck either way.
 
TheSingleton said:
I am not saying crypto will fail. But why should people buy DISC instead of crypto directly? I assume all the KYC/AML stuff will be just as annoying as on any exchange.

Maybe your business will take off no idea but I think you will have a hard time convincing the MNOs to fund it.
And even if everything works out what do we get, better liquidity. That's nice but what we really need are users.
You are building something for investors that's just not the right fit I think.

But maybe you can change my mind good luck either way.
Click to expand...
That's an easy answer, the vast majority of DISC clients don't know how to use crypto and wouldn't know how to go about it to begin with. By MNOs voting to fund DISC you get immediate access to a much larger market of uneducated potential users, and you get the predominate spot in a global Cryptocurrency Index Fund. In addition to liquidity, DASH gets massive exposure and a real world comparison against other cryptos, which can show case the positive attributes of DASH, with the anticipation that investors in DISC will adopt DASH as the premier crypto of choice for transaction purposes.

DISC is happy to showcase the functional user benefits of DASH on our site and promote your crypto to increase the DASH user base. We are going to be using DASH as opposed to BTC or ETH, and it's not solely based on getting funding from the master nodes. I like DASH, and by using it for the crypto gateway for the DISC30 Fund, it is testimony of my confidence in DASH.
 
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Matt Chambers said:
That's an easy answer, the vast majority of DISC clients don't know how to use crypto and wouldn't know how to go about it to begin with. By MNOs voting to fund DISC you get immediate access to a much larger market of uneducated potential users, and you get the predominate spot in a global Cryptocurrency Index Fund. In addition to liquidity, DASH gets massive exposure and a real world comparison against other cryptos, which can show case the positive attributes of DASH, with the anticipation that investors in DISC will adopt DASH as the premier crypto of choice for transaction purposes.

DISC is happy to showcase the functional user benefits of DASH on our site and promote your crypto to increase the DASH user base. We are going to be using DASH as opposed to BTC or ETH, and it's not solely based on getting funding from the master nodes. I like DASH, and by using it for the crypto gateway for the DISC30 Fund, it is testimony of my confidence in DASH.
Click to expand...

Also, TheSingleton, I wanted to reemphasize the most important and first question you asked "But why should people buy DISC instead of crypto directly? I assume all the KYC/AML stuff will be just as annoying as on any exchange". An investor that goes through DISC to invest in crypto does one KYC with us, and we transact all the purchases of the underlying DISC30 cryptos on behalf of the client and hold those cryptos in a sub-account client wallet and do a monthly reallocation... that's the crux of what we do... that's a time consuming process for a savvy trader, let alone a person that simply wants a diversified portfolio with less volatility to participate in the crypto market place who has no experience in buying crypto... what are they going to do?... go to Coinbase and spend hours figuring all that out?
 
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