Smart Contracts provide a solution for executing commands on Blockchain network. These data can store, retrieve, and process data on the Ethereum Blockchain network and distribute code that cannot be modified once it has been deployed in the network.
A Smart Contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract.
The ADFP (AIDUS Decentralized Fund Platform) decentralized fund market requires Smart Contract in order to perform complex fund transactions.
Smart contracts for fund maturity / redemption are calculated by reference to the information in the Oracle Information System during the maturity / redemption of the fund. In other words, it is a Smart Contract that determines the amount to be paid to the investor by the asset management company. However, the method of calculating the fund redemption fee differs for each fund, and the investor’s evaluation amount is paid after the fund redemption fee is deducted. (Difference might occur according to the type of fund, commission, redemption, and standard time)
Oracle Information Systems is a diversified IT outsourcing company. It assist their clients to achieve their business objectives by successfully outsourcing their non-core business processes and functions in the areas of technology and digital marketing.
At this point Oracle Information System, the continuously registers the fund base date, reference price and yield rate at the base time, comparison index, type average, and change rate in the Ethereum network through Smart Contract.
Keep paying attention on AIDUS Project!
Further information you can find through AIDUS websites:
Official website: https://aidus.io
※Telegram Chat Room operating time※
GMT: Mon. 00:00 — Fri. 24:00
USA (N.Y.): Mon. 19:00 — Fri. 19:00
Korea: Mon. 09:00 — Sat. 09:00
Japan: Mon. 09:00 — Sat. 09:00
China: Mon 08:00 — Sat. 08:00
Singapore: Mon. 08:00 — Sat. 08:00
Hong Kong: Mon. 08:00 — Sat. 08:00