- 09 Jul, 2018
CRYPTO20 is an autonomous crypto-only index fund that tracks the top 20 cryptocurrencies. C20 is the fund’s token and represents an investor’s share in the fund. It functions similar to the S&P 500 which tracks the top 500 US company stocks.
CRYPTO20 gives investors the ability to sell or exchange their tokens at their will without any exit fees, platform fees, or broker fees. Token-holders are able to liquidate the C20 token for their share of the underlying assets via the smart contract. This crypto-fund is fully AML/KYC compliant and operates as a registered LLC in the Cayman Islands, a popular fund jurisdiction.
A SINGLE MULTI-PURPOSE TOKEN
CRYPTO20 is a diverse, rebalanced crypto portfolio which enables investors to invest in the top 20 cryptocurrencies by holding a single token. The top 20 changes over time due to the dynamic nature of cryptocurrency market and so will CRYPTO20’s holdings. This weekly rebalancing process mitigates risk and volatility associated with crypto-market. The underlying assets are passively managed, with an index strategy, and there are no expensive legacy banking costs. The annual fee is only 0.5% per annum – 6x lower than the competitor’s average of 3%.
Simply, an index fund allows investors to track the market index, the underlying trend behind the selection of assets without relying on a particular one. There is no active trading apart from the occasional rebalancing of assets based on predetermined rules. Rebalancing allows the fund to consistently track the mean market performance even if some of the original holdings fall out of favor. Index funds have beaten the average actively managed fund since their inception.
DIRECTLY TIED TO THE UNDERLYING ASSETS VIA THE SMART CONTRACT
Liquidation is fundamental to what makes CRYPTO20 groundbreaking: it protects the token price and ensures it is never able to fall below the token’s share of the publicly audited underlying assets. These tokens will be resold on exchanges so that the overall fund value does not decrease over time.
According to CRYPTO20 Founder and CEO Daniel Schwartzkopff: “Cryptocurrencies afford us an opportunity to create the world anew. So why are we installing middlemen and building bloated platforms? CRYPTO20 eliminates all the third parties involved in taking ‘cuts’ of investor returns by going direct to the end-user as a token itself. No platform fees, no broker fees, no advice fees”
CRYPTO20 has completed development and will utilize 98% of the ICO proceeds to buy the underlying crypto-assets. C20 will be listed on popular exchanges for trading post-ICO. Tokens will not be sold beyond the ICO as it is a closed-cap fund. PRE-SALE OF CRYPT20 STARTS TODAY
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