With the inception of Blockchain Technology, there has come a possibility of improvement in the traditional way in which an application does work. Blockchain itself is an evolution of public ledger system which allows users to see everything without any centralized control and at the same time it is uneditable.
With the revolutionized technology, cryptocurrencies came into existence. Cryptocurrencies are currencies based on cryptography which can be used to transfer money from one place to another without any centralized authority and with a very low fees. Bitcoin, the first crypto came into existence in 2009, have been appreciated much in value, currently trading at $6250 per Bitcoin. This is an enormous amount for internet money. People now see cryptocurrencies more as store of value rather than a medium of transaction and this is why Cryptocurrencies have becoming hot favorite investment for retail and institutional investors these days.
Cryptocurrencies provides extra-ordinary returns but at the same time they're highly volatile. Because of this high volatility, the beginner investors sometimes may lose their money. Moreover, apart from crypto exchanges technical analysis tools and some websites, there are no viable tools provided by any website which could allow users to do proper analysis before making an investment in cryptocurrencies.
But now, a platform is coming which introduced a new crypto tokenized index fund which will allows users to invest in single crypto instead of many diverse cryptocurrencies but provides the same returns as of combined Top 20 cryptocurrencies return, mitigating risks and increasing profitability.
This platform is named Crypto20.
Crypto 20 Overview
Crypto 20 is a blockchain based tokenized cryptocurrency index fund which allows users to invest in Top 20 cryptocurrencies project instead via a single crypto named Crypto 20. In order to provide peace of mind to investors and maximize their returns, this concept has turned into reality.
Crypto 20 is an index fund which holds and autonomously rebalances a data science demonstrated portfolio of the top 20 cryptocurrencies, that means the cryptocurrencies will be ever changing as per market volatility and so are their returns.
Crypto 20 token is the representative of index funds which is comprised of Top 20 cryptocurrencies investment based on market ever changing data. But this re-balancing of data is done once a week, so top 20 cryptocurencies will change on weekly basis instead of daily. This actually provides great stability and healthy returns as well.
How Crypto 20 Platform Works?
The Crypto 20 Platform works very efficiently and in simple manner. Now a person is able to invest on top 20 cryptocurrencies via a single cryptocurrency index fund token. The weekly re-balancing procedure of top 20 cryptocurrencies mitigates high risk and volatility. The underlying assets are passively managed, with an index plan, and there are no costly legacy banking costs. The yearly fee is just 0.5% per annum — 6x lower than the competitor's typical of 3%.
Being an index fund, crypto 20 allows investors to monitor market indicators with much efficiency and at the same time mitigating high risk. There's no volatility happens except re-balancing of cryptocurrencies on weekly basis.
Crypto 20 (C20) Token
Crypto 20 token is the in-built cryptocurrency of Crypto 20 index fund platform. Crypto 20 token is the very investment means in which the combined investment from various investors are accumulated and being invested in Top 20 cryptocurrency projects as per market data.
Token-holders have the ability to liquidate the C20 token to get their share of their underlying assets through the intelligent contract. By going directly to the end-user for a cryptocurrency itself, CRYPTO 20 gives traders the ability to sell or swap their holdings at will without any exit fees, no platform charges, and no broker fees.
These tokens will also be listed on various cryptocurrencies leading exchanges as soon as ICO crowd sale is concluded.
The main feature of this project is that it is already a finished project in existence and not a 'work-in-progress' project like many others out there in crypto verse. Crypto 20 platform will use 98% of ICO proceedings to get the inherent crypto assets as it already has completed its development phase.
Crypto 20 (C20) Token ICO Crowd Sale
Crypto 20 pre-ICO crowd sale has already concluded and the project received a total worth of $5 Million. The 2000 investors belonged to 93 countries. Now the ICO main crowd sale is open since 16th October 2017 and it will be concluded on 30th November 2017.
All the investment will be received in Bitcoin, Ethereum and Litecoin. There is no need to subscribe the mailing list. One could directly join the ICO main crowd sale by visiting their official website.
Crypto 20 (C20) Token Statisitcs
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
Verdict
Well, the platform is very ambitious providing great value for investors and trader alike. Crypto 20 is a part of index funds group based on cryptocurrencies which is a great concept providing extreme value to the investors, by mitigating high risk & volatility as well as encourage them to invest more in crypto verse.
Visit Crypto 20 website and read their whitepaper to get to know more about the project.
Thanks for reading ...!!
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