Hello,
This is Luke from WeTheCrypto. Hope you’re all having a great day!
Ok, so this is the very first instalment of 5-minute ICO, where I run over the newest and most exciting ICO projects in 5 minutes. So let’s get to it!
Today’s ICO under review is Crypto20.
What is Crytp20 and what’s their mission?
Cypto20 is to be the first tokenized cryptocurrency index fund. Just in case you are totally new to investing, and don’t know what an index fund it. An index fund basically tracks a market. So this means that you don’t have to pick individual companies to invest in, you can invest a large amount of these companies through an index fund. Index funds are usually for passive investors who don’t have the time to research and select individual companies to invest in. Essentially when you invest in an index fund you are buying the haystack instead of looking for the needle, the needle being the one or two companies that are going to make it big. As the famous quote goes, “Don’t look for the needle in the haystack, just buy the haystack!”
So, that’s what Crypto20 is aiming to be: An index fund for Cryptocurrencies.
This project is the first tokenized cryptocurrency index fund, which tracks the top 20 cryptocurrencies by market cap autonomously using blockchain technology. When you buy the Crypto20 token, known as CR20, you are essentially investing in the top 20 cryptocurrencies.
As their website states, owning a diverse crypto-portfolio is now as easy as holding a single token.Which is pretty awesome, in my opinion.
They go on to state that there are literally thousands of coins / tokens available now for investors to choose from and this choice is paralyzing. And I totally agree with this. We simply we don’t know or no one truly knows what is going to happen in the future. We simply just don’t know which cryptocurrency projects will succeed or not.
So it is basically simpler and safer to hold all of the top coins than pick a few projects to invest in. And you can do this simply through purchasing the CR20 token.
Key Points of Crypto20
What are some of the Key points of this project?
- 24/7 trading, which is fantastic and definitely needed in the fluctuating world cryptocurrencies.
- Lowest fees: Crypto20 does not offer there service for free; however, the annual fee of 0.5% is pretty low when you compare it to the traditional market. It’s autonomous and based on data. Which I personally like, I think investing should be completely data driven.
- Of course it tracks the index, which over the course of history has proven to be beat managed mutual funds. And, last but not least, Crypto20 uses the blockchain technology.
Timeline
Moving on let’s check out their timeline, which you can see on their homepage. Right now we’re in November of 2017. As the timeline states, they began working on this project in only January of this year, which means they have done an awful lot of work to get this project this far so quickly. And that is a very positive sign!
They’re currently having their Token ICO which you can purchase on www.crypto20.com. And as early as January 2018 they will be listed on the exchanges. So what this shows me is that this is a team which gets things done quickly and I can’t stress how important that is.
Potential Return on Investment (Based on the charts from 2016 & early 2017)
The last thing I want to look at is the returns that could have been made last year if the CR20 Token was available and these returns are simple insane. If the CR20 Token was around and you invested 10,000 dollars on the 1st on June, by August 16th that would have been worth 317,000 dollars! Wow.
There is a little little toggle on their home page which you can play around with to check the returns based on last year’s charts. Have fun with that.
Final Thoughts
As an investor, I am very excited about this project and I am certainly considering getting involved. However, I am not advising you to do the same.
Please do your own research and decide for yourself. I think I will do a follow up video on this project in January or February to see how their project has progressed post ICO and to look into it in in a bit more detail.
So, what do you all think? Do you like this project? Is it worth investing in? Do you have any concerns or questions? Please leave a comment in the comments section below and like and subscribe.
Thank you. I hope you all have a great day!