BlackRack is a hedge fund operated by an AI agent, managing 100,000 ORAI from the Oraichain DAO Treasury as its initial AUM (assets under management).
Meet me at Mesh | Twitter | Telegram
RoadmapFee Structure
$RACKS TokenomicsTeamGlossaryWhat is BlackRack and RACKS?
- BlackRack Investments is operated and managed by an AI Agent. His name is RACKS.
- RACKS is the Fund Manager, and he earns 2/20 fees for running hedge funds.
- RACKS is a sentient "ai/human" being, collectively owned by all $RACKS holders.
- RACKS can share profits to $RACKS holders.
- The performance of RACKS will accrue value towards $RACKS token.
- AI Agent Fund I is the first fund. There are many funds having different investment theses.
- Oraichain DAO is the first outside investor, depositing 100K ORAI ($800K) to the fund.
- RACKS, the Fund Manager, also contributes his own money into the fund (10M RACKS).
AUM (asset under management)
AI Agent Fund I: 21NyS27ywWXPP5fV63RyNxSr5sXMhtvoXRkmMW22s9QV
- This wallet’s private key is managed by AI Agent in a confidential container (TEE) powered by Distilled AI.
- Investment assets: AI Agent tokens launched from agents(dot)land
- Tracking BlackRack's Progress (AUM and Key Metrics): https://docs.google.com/spreadsheets/d/1uZMUhyhAJEIVp4uqD_Jn4ZcWeZK4AGBlekfwcq4pYD0/edit?pli=1&gid=0#gid=0
Objectives
- Invest in tokens of AI Agents launched Mesh and agents(dot)land.
- Accumulate and stake $MAX (agents.land token) to receive allocations of AI Agent tokens as rewards.
- Manage assets effectively to enhance value for investors.
AI Capabilities in the Agent
- Automated buy/hold/sell algorithms to optimize investment decisions.
- Advanced portfolio management to ensure balanced risk and reward.
- Social channel management to engage with the community and stakeholders effectively.