FAQ & Support
We understand that users may have questions about how OpenFund operates. The following are answers to some of the most frequently asked questions:
What is OpenFund?
OpenFund is a decentralized investment platform that enables users to create, invest in, and manage tokenized funds, as well as trade stocks & commodities with crypto assets. It bridges traditional and decentralized finance, offering transparency, efficiency, and security.
How do I create a fund on OpenFund?
Sign up and complete KYC verification.
Navigate to the Fund Creation section.
Set fund parameters, including entry requirements, fees, and withdrawal options.
Deploy the fund’s smart contract and attract investors.
What types of assets can be tokenized on OpenFund?
OpenFund supports the tokenization of private company shares, real estate indexes, investment portfolios, and crypto-based funds. Future expansions will include commodities and cross-chain assets.
Is OpenFund regulated?
Yes, OpenFund adheres to global regulatory standards and has partnered with Hassan’s International Law to ensure compliance with evolving financial laws. KYC and AML procedures are integrated to maintain security and trust.
What are the fees associated with using OpenFund?
Fees include:
Fund Creation Fee: A one-time fee for launching a new fund.
Trading Fees: Small transaction fees on tokenized asset trades.
Management Fees: Set by fund managers, with OpenFund taking a small percentage.
Withdrawal Fees: Based on the withdrawal model (instant, scheduled, or batch processing).
How secure is OpenFund?
Security is a top priority. Measures include:
Smart contract audits to ensure protocol integrity.
Multi-signature authentication for fund withdrawals.
Cold storage for assets to protect against hacking attempts.
On-chain compliance tracking to maintain transparency.
Can I use OpenFund without KYC verification?
KYC verification is mandatory for fund managers to ensure regulatory compliance. Investors may have limited access without KYC but are encouraged to complete it for full platform functionality.
How does OpenFund’s governance system work?
OpenFund operates as a DAO (Decentralized Autonomous Organization) where $OF token holders can:
Vote on fund eligibility, protocol upgrades, and fee structures.
Submit governance proposals to shape platform evolution.
Participate in staking programs for governance rewards.
What upcoming features can we expect?
The OpenFund roadmap includes:
Telegram bot integrations (Banana, Photon/BonkBot) for seamless fund tracking.
AI-driven portfolio optimization tools for fund managers.
Institutional-grade solutions for hedge funds and asset managers.
How do I contact OpenFund support?
For any assistance, you can reach OpenFund’s support team through:
Telegram Community: Engage with OpenFund’s team and community.
Email Support: Contact our support team via email for detailed inquiries.
With this comprehensive FAQ, we aim to provide clarity and ease of use for all OpenFund participants. If you have additional questions, feel free to reach out to our support channels for prompt assistance.
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