# Executing the strategy on TokenSets

The whole asset management process including funds depositing/withdrawing, management fees distribution, and strategy execution will be implemented on the TokenSets Platform in the first phase of the Emergence DAO.

TokenSets is a Web3 asset management platform built on the [Set Protocol](https://www.setprotocol.com/), which allows users and asset managers to create and manage their tokenized strategies by interacting with the underlying smart contracts.

By using TokenSets, the Emergence DAO becomes an on-chain asset manager and gets a Web3 framework where connections and relations occur in a transparent way and the system works for the good of all participants.

Fund allocators have full control of their money and see the strategy performance 24/7. They can deposit/withdraw funds at any time. The asset manager can’t steal or transfer their funds.

The Emergence DAO serves as a Set owner and manages assets from allocators. Set owners can:

* Determine the size of the management fee that goes to DAO Treasury multi-sig wallet (Set owner address);
* Determine a share of the management fee that goes to Cindicator as the facilitator and data provider that the on-chain asset manager uses (Set Methodologist address). Data provider can be deleted or replaced by DAO;
* Perform rebalancing of a Set and assign Set Operators – addresses that are in charge of the operations of a Set;
* Determine a whitelist of assets the operator can trade.

The scheme can be demonstrated as follows:

![](https://lh4.googleusercontent.com/G9RJ5fWQqe-ujTjcpa-qJ3JWxLJBOCZkvmtsfK7MLD22jx79x8oFVfPSJmzNc_-bmKuO8f404AWlkeQwdNao7gjquntSjhIN7Ed4_Rwxp3ZmEOZh2W6gIPNKS7h6PPIFU9gySetactlAu4g4tm_FS_M)

The initial version of TokenSet issued by Emergence DAO consists of the following assets that are needed to execute Cindicator SuperForecasters Emergence Bitcoin Strategy on the Ethereum Blockchain:

* WBTC;
* USDC.
