• Target Coin

About Target Coin

Target Coin is a long/short fund designed to generate risk adjusted returns on price rise and price fall in the cryptocurrencies market. It introduces a new innovative business model of a hedge funds making money on cryptocurrencies market, using the blockchain. TargetCoin aims to be a leading Long/Short Crypto Fund with approximately $50 Million of Assets Under Management by 2018 and $500 Million of Assets Under Management by 2019.

TargetCoin is a closed-end fund (CEF). In the blockchain field, this would mean that the fund raises a fixed amount of capital through an initial coin offering (ICO), and the fund is then structured, listed and traded as a token. Usually, the tokens (or shares in a normal case) would be offered as a sale in a market. In the case of TargetCoin, it will be open to investments only during the different rounds of ICOs.  

TargetCoin issues tokens built on a profit-sharing smart contract. This smart contract is designed to share 85% of the quarterly profits with the investors by buying back tokens and allowing the token value to increase, all with full transparency.  In the event of quarterly loss, the smart contract will remain inactive.

TargetCoin takes the remaining 15% of the profit. This is radically different from the fee structure of usual hedge funds, which get paid on the assets even when they are losing. With this new fee structure, it is really attractive to the funds to make as much profit as possible.

It is undeniably a good thing for a capital provider to the funds, but it also has a drawback in that the fund managers are encouraged to take as much risk as possible, in order to make money.

TargetCoin is planning to share the profits with the investors in the token, which they claim to be a different approach than other cryptocurrency tokens. Indeed, other companies are not sharing their profits, but the issuers rely on token price rising as the company increases its profits. Moreover, sharing profits is essential to the funds business.

TargetCoin’s strategy is a classic long/short strategy on the cryptocurrencies market. It consists of taking long positions on cryptocurrencies that are expected to appreciate and short positions on cryptocurrencies that are expected to decline. A long/short strategy seeks to minimize market exposure while profiting from gains in the long positions and price declines in the short positions. Moreover, TargetCoin plans to diversify the risk over a number of different coins.

Although this may not always be the case, this strategy would be profitable on a net basis as long as the long positions generate more profit than the short positions. That is why TargetCoin plans to use technical analysis and other algorithmic indicators to switch between long and short positions. This is the most important part of the strategy.

ICO details:

TargetCoin plans to launch the ICO on 15th July, 2017 and the ICO will end on 31st August, 2017.

10% of the ICO money will be used for the operations of the fund and 90% of the fund will be used to build a portfolio.


TargetCoin plans to issue 2 billion coins. 1.34 billion coins are available to the public, 260 million coins are held by the management team, and 400 million coins are held by the pre-ICO investors. During the ICO, the TargetCoin price will be ETH 0.000133.

Operations will begin on 10th September.

About its investment method:

TargetCoin is aware that it will be working in a volatile and young market. The company is planning to perform a fundamental analysis of different cryptocurrencies, along with an analysis of historical price patterns and a technical analysis to predict future market behavior. The company plans to keep some reserves in USDT to hedge the market risk in a bear crypto market.  


In order to succeed in its long/short strategy, TargetCoin needs a robust technology capable of technical analysis.

According to the whitepaper and to Themerkle, TargetCoin is currently building a platform call Target X – a machine learning program which will provide real time market information to investors along with briefings, signals, and articles. All of this information will be analyzed by both the team and their machine learning program to identify historical trends and build predictive models for current and future market behavior.

But in fact, we have no information on whether this technology already exists or works. The whitepaper doesn’t give any information about how they have built this technology.

In a market as volatile as cryptocurrencies, it seems unrealistic to hope to make a profit and beat the market with such a strategy. For the stock market, studies in behavioral finance have found that almost no manager has beaten the market in 15 years. So long as TargetCoin hasn’t shown any real performance, it seems difficult to believe they have found the way to beat the cryptocurrencies market.


According to its whitepaper, the TargetCoin team combined over 6 years professional money management experience in the traditional financial markets.

Founders & Management:

Akshath Naik: Co-founder, Chairman, and CEO. Naik has a Bachelors degree in Accounting and Finance from the University of Mumbai. He is also currently the manager of one other Hedge fund: Alexandrite Capital (no information can be found about it). He also has some experience in stock trading.

Rohan Rathod: Co-founder and CTO. Rathod is also the CTO of Alexandrite Capital. He has a B.Tech in Computer Science from the Indian Institute of Technology of Bombay.

Prakhar Ahlawat: COO. Ahlawat is expecting to have his Bachelor of Commerce in Accounting and Finance from the University of Mumbai and a Bachelors in Engineering in Computer Science from Rajiv Gandhi Institute Of Technology in 2017.

It seems that the team has no significant experience hedge fund management.

The other Linkedin links given on the website do not lead anywhere.

Project Highlights

Technical White Paper       The TGTCoin whitepaper is too focused on the business development, and doesn’t speak enough about the technology, and not clearly. We may doubt the technology is currently working.
Team The team is inexperienced, and some Linkedin links do not work.
Location Unknown
Blockchain Ethereum, smart contracts
Project Code N/A.
Token Rights None
Token as Asset Shares

*Disclosure – At the time of writing, Cryptorated staff owned no TGTcoin tokens.

Interested in deeper analysis – Target Coin?


Crowdsale Details

Project Highlights

Coming soon.....

People Who read this review, also read


    The first open-source, cyber-protected, blockchain-enabled smartphone and PC.

    Crowdsale Starts in 17 days
  • NAGA

    Naga plans to create a system dedicated to social trading and investing in financial instruments, virtual goods & cryptocurrencies.

  • BitClave

    BitClave is a blockchain based, decentralized search engine that allows its users to control who uses their data and how.

  • FansUnite

    FansUnite is a sports betting company that aims to provide cheaper, more secure, verifiable and transparent online sports betting.

    Crowdsale Starts in 17 days

    BANKEX is a Bank-as-a-Service on blockchain, building the Proof-of-Asset protocol.

    Crowdsale Starts in 3 days
  • Titanium

    Titanium's goal is to create the decentralized version of Amazon Web Services, Microsoft Azure, and Rackspace

  • Moirai (MOI)

    Moirai is a prediction market where individuals can wager on the outcome of future events.

  • Crederoom

    CREDEROOM is a lending company operating throughout the European Union.

    Crowdsale Ended
  • Datum (DAT)

    Datum is a blockchain-based company that utilizes blockchain technology for data management and strives for users to regain control over their personal data.

  • Confideal

    Confideal enables users with no coding skills to create an enforceable, self-executing and secure digital agreement powered by Ethereum for all types of transactions.

    Crowdsale Ended
  • indaHash

    indaHash is a marketing platform that allows influencers to earn money by participating in brand campaigns on their social media profiles.

    Crowdsale Starts in 4 days
  • Papyrus

    Papyrus is a decentralized platform for the digital advertising industry.

  • Aeron

    Global Aviation Register with Decentralized Record System

    Crowdsale Ended
  • Dentacoin

    Dentacoin is a platform for the dental industry, planning to use Ethereum smart contracts to improve the quality of dental care worldwide.

  • Rhea

    Rhea is launching a new options trading platform called Crypto20 which is a weighted index of the top 20 cryptocurrencies at a given time.

    Crowdsale Ended
  • Cindicator

    Cindicator is developing a financial management platform based on “hybrid intelligence”, namely, using artificial intelligence to synthesize the collective intelligence of forecasters into conclusive signals for traders.

    Crowdsale Ended
  • Binary

    a trading company that specializes in binary options, forex and other markets, is now launching their new trading platform for investors to trade with cryptocurrencies.

  • Nexus Social

    Nexus is a blockchain-based social media platform that incorporates e-commerce as well as privacy functions.

    Crowdsale Ended
  • ARToken by Cappasity

    Cappasity is introducing a decentralized AR/VR Ecosystem for 3D content creation and exchange powered by ARToken.

    Crowdsale Ended
  • Matryx

    A decentralized collaboration platform

    Crowdsale Ended
  • Rakugo

    Rakugo provides content creators with an Ethereum-blockchain-based platform for copyright management, publishing, and monetization.

    Crowdsale Ended
  • LAToken

    LAToken tokenizes and makes tradable fractions of assets

    Crowdsale Ended
  • 300Cubits

    blockchain initiative relieving the $23B pain points of the $150B container shipping industry through creation of a crypto currency called TEU and integration of industry process with Ethereum blockchain.

    Crowdsale Ended
  • Indorse

    Decentralised Professional Networking Platform

    Crowdsale Ended
  • Change Bank

    The First Truly Decentralised Crypto Bank

    Crowdsale Ended
  • Cryptum

    Funding the ultimate board games with free access for token owners

    Crowdsale Ended
  • Monetha

    Decentralised trust and reputation system, mix of PayPal and Trustpilot

    Crowdsale Ended
  • ChronoLogic

    ChronoLogic is creating a way for individuals and companies to secure value through Proof-of-Time. The company is doing so by creating the Chronos Platform – a way for people to create smart contracts pegged to time.

    Crowdsale Ended
  • AICoin

    AICoin is a passive investment vehicle created by First Global Credit (FGC), a bitcoin exchange and platform for trading in stocks, ETFs, and futures.

    Crowdsale Ended

    UTRUST is a ground-breaking payment platform that empowers buyers to pay with their favorite cryptocurrencies while providing the best consumer protection in the market.

    Crowdsale Ended
  • HelloGold

    HelloGold brings gold and blockchain to hundreds of millions of people across Asia

    Crowdsale Ended
  • Filecoin

    Filecoin is a decentralized storage network built on a blockchain with a native token.

    Crowdsale Ended
  • Bankera

    Regulated bank for the blockchain era

    Crowdsale Ended
  • Fluence

    Fluence is a blockchain-based data storage platform that allows for decentralized storage and management of encrypted structured data.

  • Lordmancer II

    Open-world MMORPG on mobile, mining cryptocurrency

  • Civic

    Civic is a blockchain-based identity management platform that allows for on-demand, secure, low-cost identity verification. Android and iOS apps are already available.

    Crowdsale Ended
  • KickICO

    Platform for cryptocurrency crowdfunding

    Crowdsale Ended

    International MultiModal Logistic Application

    Crowdsale Ended
  • UnikoinGold


  • TokenStars

    Tokenizing celebrities for funding and promoting rising stars

  • Storm

    Decentralized micro-job marketplace economy

    Crowdsale Ended
  • Decentraland

    Virtual reality world where users can buy and build on parcels of land

    Crowdsale Ended
  • Ethereum Plus

  • Po.et

    Crowdsale Ended
  • Soma

    Decentralized social marketplace

    Crowdsale Ended
  • Byteball

  • Target Coin

  • Sosnovkino


    Crowdsale Ended
  • DisLedger

    Distributed ledger

    Crowdsale Ended
  • SynchroLife

    Decentralized Restaurant Recommendation Platform

    Crowdsale Ended
  • Proof

    Easily create your own blockchain-based tokens, trade them, or buy from others

    Crowdsale Ended
  • Opus

    Crowdsale Ended
  • EOS

  • Stox

  • Propy

    Global property Store with Decentralized Title Registry

    Crowdsale Ended
  • SunContract

  • investFeed

  • Kik

  • MyBit

    MyBit is a decentralised asset management platform which leverages blockchain technology to record the ownership, registration, and transfer of assets.

    Crowdsale Ended
  • Presearch

    Decentralized search engine

    Crowdsale Ended
  • Encrypgen

  • InsureX