Jun 27, 2019
Today Rena Shah, Head of Operations at Ember Fund, joins the podcast. Ember Fund, a mobile investment app where you essentially can invest like a crypto hedge fund, aims to provide outsized returns for everyone with little money and a few steps. Ember Fund is the only mobile, non-custodial, managed cryptocurrency portfolio on the market.
Rena believes she got into crypto in the weirdest possible way, so she takes us through how that happened, which started with evaluating a deal for a peer-to-peer energy trading platform. Though bitcoin mining is often reported to require a lot of energy, Rena asserts that this is over-exaggerated and explains why. This leads into a discussion on cryptocurrency’s link with developing cleaner energy sources. We then hear about Ember Fund and how it’s completely non-custodial, meaning no one at Ember Fund controls any user private keys, keeping in the true spirit of decentralization and user empowerment. Despite the cryptocurrency market having been in a long-term bear market, Rena speaks to the rising interest in crypto. She recommends to anyone new to the space to start with a small investment and keep a diverse portfolio. Ember Fund is excited to be looking into adding a quant fund, which would trade algorithmically everything between bitcoin and a stablecoin without any human interference. One challenge with being non-custodial is that users expect transactions to be instantaneous, but the benefit is that everything is on-chain and transparent, so there are no surprise fees. Ember Fund is also looking into enabling users to on-ramp using different coins, perhaps a stablecoin, and developing new product features. We conclude by hearing about Rena’s favorite resources to learn about crypto and how Ember Fund is staying true to the reason cryptocurrency exists.
- How Rena first discovered cryptocurrency.
- Energy consumption of crypto mining and state of the crypto industry.
- Using MinerGate to mine cryptocurrency as a beginner.
- What Ember Fund is and its non-custodial operation.
- Tips on getting started with Ember Fund and cryptocurrency investments in general.
- Challenges and Advantages of Ember Fund as a non-custodial investment fund.
- Objectives that Ember Fund is currently pursuing.
- How Rena likes to keep up on news from the cryptocurrency world.
Links to resources:
Ember Fund’s Website: www.emberfund.io
Ember Fund App download: link
Ember Fund Telegram: https://t.me/EmberFund/
Rena’s Twitter: www.twitter.com/renapshah
Rena’s blog: www.hellorena.com