Creating a goal is an easy process that has been designed to be intuitive and quick. All you need to do is login to your account, navigate to "YOUR GOALS" section and click on the “Add goal” button. Calculate how much money you need in order to meet a desired objective, enter the amount of money you can put aside for it as of now - and wait in order to see how long it would take to achieve the same.
Above is an example of a goal set for a night out with friends. The individual has entered 0.01 BTC as his initial capital and 0.05 BTC as his desired objective. The system automatically calculates the amount of time it would take to obtain that objective. In addition, the slider permits you to see the amount of return of investment you can obtain and the extent to which you will have to wait.
As evident in the screenshot, the minimum amount you are currently allowed to invest is 0.01 Bitcoin and the maximum in terms of return of investment you can expect is 10x over a period of about 2 years.
Clicking the "CREATE GOAL" button will move you on the next step. If there is not enough coins on your Cointree wallet, you would need to fund it. The system generates the Bitcoin-address for your payment and calculates the insufficient amount of funds. You can copy and paste the address and amount or scan the QR-code.
Hit the "PROCEED" button once you are done with your payment.
Now your goal is created and your wallet is funded with the insufficient amount. On the final step, you will need to deposit your coins on the randomly selected address. System asks you to confirm the transfer of your coins on randomly selected "Storage wallet". Storing of coins on distributed bitcoin addresses within the community, makes the system fraud-resistant and transparent.
Finally hit the "INVEST X.XX BTC" button. Your goal will be automatically activated once transaction is confirmed by the Bitcoin network. It usually takes up to 30 minutes.
Kindly note: In order to stay in line with compliance requirements we have kept an individual limit of 10000 US dollars in Bitcoin for each individual user. This means if you have deposited around 8400 US dollars, you are not permitted to send in more than another 1600 dollars more. Money that is not in an active investment or withdrawn is considered to be removed from limit.
This means, your limits are not cyclical in nature and calculated in terms of time frames but rather in terms of amount held on the system at any single point of time. Additionally, your target amount is limited to not be in multiples of ten times more than your deposit. This is to stay in line with realistic expectations from the money invested and the time you will be leaving it with us.