Crypto 20 - World's First Tokenized Cryptocurrency Index Fund...CRYPTO20 is continuing to gain momentum as it passes $12 million for its Cryptocurrency Index Fund
Cryptocurrency is computerized money that is made and overseen using induced encryption systems known as cryptography. Advanced cash made the hop from being an scholastic idea to (virtual) reality with the making of Bitcoin in 2009.There are an enormous number of Cryptocurrency to look over, all the more seeming every day. Choice paralyzes - choice adds cost, complexity and the need for advice. High risk, extreme volatility and practical difficulty compound to render buying and safely storing an effective and diverse portfolio of coins (cryptocurrencies) a complex problem. CRYPTO20 offers an exceptional course of action in the realm of computerized money, appealing to any investors who feel overwhelmed by the research involved or concerned about the risks. Everything considered, modernized cash markets are known for their unpredictable nature.
CRYPTO20 is continuing to get vitality as it passes $12 million for its Cryptocurrency Index Fund. More than 4,700 contributors are a bit of the fund which, not at all like contenders, is a finished product with live trading tools. CRYPTO20 is a Cryptocurrency Index Fund that will use the token arrangement sponsoring to buy the major crypto assets. No broker fees, no exit fees, no minimum investment and full control over your assets. The fund’s token, C20, is a representation of an investor’s share of the fund, and the fund’s value is equal to the combined value of its assets. CRYPTO20, not in any way like an extensive number of exchange offerings in the marketplace today, is a finished product and not a platform.CRYPTO20 at first brought $5 million up in an oversubscribed pre-sale and the public token sale is currently running over $12 million invested. With two weeks left to run, the team behind CRYPTO20 is wanting to collect essentially further and cross the $20 million stamp in the coming week.
"We have known for a long time that the crypto world should benefit from the introduction of the most proven, practical, tried and tested investment vehicle – the index fund – and we are pleased to share this outlook with over 4,600 contributors" – Daniel Schwartzkopff, CEO & Founder, CRYPTO20.
CRYPTO20 is the worlds first cryptocurrency-only tokenized index fund. The portfolio will autonomously maintain a diverse portfolio of the top 20 cryptocurrencies by market capitalization similarly that finances, for example, the Vanguard 500 keep up a portfolio in light of the advertise capitilization of the best 500 freely listed US companies(the S&P 500).To keep following the market (index) after some time, CRYPTO20'S resource portfolio is balanced routinely in a technique called rebalancing. Each token represents an investor’s share of the underlying assets.
What Assets Does CRYPTO20 Hold?
The portfolio for CRYPTO20 will be set up as a hybrid type based on an index trading strategy. All the ICO financing will go toward acquiring the cryptographic money resources that underlie the store. By holding only one token, investors can expand and basically put resources into the main 20 crypto assets. By the day's end the advantages will be segregated among the best 20 cryptocurrencies. The digital currencies will be rebalanced each and every week and are picked in light of promote capitalization. Each preferred standpoint has a most over the top weight of 10 percent, so no great position can overwhelm the general portfolio.
ICO FUNDS UTILIZATION:
The CRYPTO20 total has completed the change of the exchanging framework. The ICO funds(98%) will go towards acquiring the underlying resources. A little distribution (0.5%) is made for legitimate expenses to guarantee that CRYPTO20 is agreeable with endless supply of trade exchanging and an entire review of got supports by a noteworthy reviewing firm. CRYPTO20 and its automated cash broadening offer will be intensely elevated to retail speculators and a 1.5% conveyance is made to energize this. Any unused resources from the 2% working cost task will be utilized as a part of a discretionary breaking point once CRYPTO20 has started on-going exchanging.
C20 Tokens:
The C20 tokens have been especially joined to the inspirations driving interest that underlie the stage. This considers a liquidation elective inside the sharp contact. That runique option ensures your advantage cost while promising it can't go underneath the offer of essential assets the token speaks to.
TOKEN DISTRIBUTION AND STRUCTURE:
There will be no token creation, minting or mining after the ICO period. Tokens will be transferable and tradable once the ICO is effectively finished and the basic resources have been gained. Crypto20 token is an Ethereum Blockchain base token. There will be an aggregate number of 86206896 tokens open. Now Let's take a look about token distribution and structure-
» Token Type: ERC20 – Ethereum Blockchain
» Maximum Supply (Hard Cap): 86 206 896
» Available for Purchase: 75 000 000
» Minimum ICO Contribution: 0.04 ETH
» Minimum Raise: $2 000 000
Price per token:
» Pre-sale (1 Week, up to 7 500 000 tokens): $0.95
» Pre-sale & first 48 hours of ICO: $1.00
» 48 hrs to Week 4 of ICO: $1.05
Week 4-6 of ICO: $1.10
Summary:
- 7.5% C20 Team
- 0.5% Advisory Team
- 2.5% Marketing and Investor Relations
- 1.0% Legal
- 1.0% Security - Systems and Smart Contract
- 0.5% Bounty Program
- 87% ICO Participants
How one can invest in the ICO?
Putting resources into CRYPTO20's ICO is exceptionally simple.Let's take a look-
» Immediately, you need to make an account on their official site or signing into your current account. An account is important to guarantee your investment progress is transparent and give simple entry later on.
» You will what's more need to check essential data for staying away from fraud.This will in like way influence your account to secure.
» Once your data is confirmed, you can start investing by submitting your ETH wallet address, which should be the place you grab the chance to get the C20 tokens. This ought not be a exchange address.
» Then, you can send your investment in ETH, BTC, or LTC.
» After that You will be able to see your investment balance, deposit amount, and the amount of C20 you’ll receive on your account page.
Roadmap:
» Initial Research and Development:
January - April 2017 – Developed the team and concept; conducted thorough backtests to determine portfolio hyperparameters; set wheels in motion to create a com-pliant legal structure.
» Develop Smart Contract and Autonomous Trading System:
April - June 2017 – Developed innovative CRYPTO20 smart contract to best practice specifications; developed back-end for multi-exchange trading.
» Finalize Smart Contract and Trading Protocol:
June - July 2017 – Complete smart contract to audit- ready state. Optimized autonomous index trading algo- rithm to mitigate front-running and slippage. Consultation with industry expert advisors.
» Test Trading System; Security Audit:
July - September 2017 – Security audit and code review process. Trading system tested and completed.
» C20 Token Pre-Sale:
7th October - 14th October 2017 – Token pre-sale:
» C20 Token ICO:
16th October - 30th November 2017 – Token ICO.
SECURITY & TRANSPARENCY:
CRYPTO20 has executed security industry best practices for affirmation against Sybil strikes and repulsive performers in co-operation with their group of expert advisors. Strong identity verification and confirmation are set up to guarantee secure operations. Transparency in CRYPTO20's exchanging exercises and current property will be guaranteed using view-only exchanges APIs and additionally through affirmation of put something aside for non-trade wallets.
Team Members:
For more information:
[Website](https://crypto20.com/en/)
[WhitePaper](https://static.crypto20.com/pdf/c20-whitepaper.pdf?_ga=2.9020605.982620733.1510556432-1893418018.1510556432&_gac=1.238692660.1510558989.EAIaIQobChMI8uil3Ya71wIVlSQrCh25tgFyEAAYASAAEgJnGPD_BwE)
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