FAQs | General questions
Here you will find the most comment questions we get about Phuture.
Phuture currently has 3 products live:
No. Phuture is open to anyone, anywhere.
Phuture is a remote company, we currently don’t have a central office and our core team is spread across Europe. As we grow we want to have people in our core team to cover the main timezones in the world, EST CET and IST.
We don’t segregate candidates based on where they are located, we hire anywhere we find the right talent.
When you invest in a Phuture index fund, there are three categories of fees you will come across. These are:
We’ve explained each of them
These are the fees you’ll encounter on day 0, the day you invest in the index.
These fees are charged by Phuture as our source of revenue. We use a large part of them to cover expenses and for building and maintaining our codebase, app and each of the index funds we manage.
- Buying on an exchange
Most people will invest through an exchange.
If you purchase one of our index funds on an exchange like Bancor you will have to pay a swap fee of typically 0.3%, but it can vary depending on the exchange.
- Minting fee
If you do decide to mint, then the fee is 0.2% of the amount being invested.
This is the fee charged on the total capital you invested in our index funds.
It costs 1.0% of the capital you invest in the index annually. It is charged over the course of the year - every day a little bit of this fee is charged automatically by the protocol.
We spread the charge across the year to avoid extreme volatility if paid on a given day. Also, you pay fees proportionally to how long you held on to your index - if you held it for less than a year, you will not pay the entire amount.
Example: If you’re investing USD 1,000 into a Phuture index fund, your management fee will be USD 10.00 annually (assuming a fixed index price).
Note: Phuture does not charge fees on returns.
- Selling on an exchange
Most people will sell through an exchange.
If you sell the index on an exchange like Bancor you will have to pay a swap fee of typically 0.3%, but it can vary depending on the exchange.
- Redeeming your index
Redeeming the index for the underlying tokens is not for everyone.
If you do decide to redeem, the fee is 0.5% of the amount being redeemed.
💫 That's all!