CRYPTO20 Flies Past $8 Million in Ongoing Token Sale
GEORGE TOWN, Cayman Islands, November 8, 2017 (Newswire.com) - CRYPTO20 is the world’s first Cryptocurrency Index Fund, giving individuals the opportunity to own a diversified crypto portfolio through one simple token.
Actively managed funds have consistently failed to beat the market index despite decades worth of data, billions of dollars and hundreds of analysts at their disposal. When they have, their fees dilute investor returns to less than if they had simply held the index.
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.
Daniel Schwartzkopff, Founder & CEO, CRYPTO20
CRYPTO20 raised $5 million in an oversubscribed pre-sale and the public token sale is currently running with over $8.6 million invested.
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, unlike many of the other offerings in the marketplace today, is a finished product and not a platform.
As evidence of this fact, CRYPTO20 has released trading tools and insights that are generated live from the eight exchanges connected to the system via API. The trading tools are available in the fund investor portal and include information on slippage, the best price and trading pair to acquire assets with and the volume by exchange.
Token-holders are able to liquidate the C20 token for their share of the underlying assets via the smart contract. By going directly to the end-user as a cryptocurrency itself, CRYPTO20 gives investors the ability to sell or exchange their tokens at will. The fund is fully AML/KYC compliant and operates as a registered LLC in the Cayman Islands, a popular fund jurisdiction.
The CRYPTO20 fund mitigates risk and volatility, and historically has provided better returns than the market cap leader, Bitcoin, alone.
About CRYPTO20 CRYPTO20 is a crypto index fund that will use the ICO funding to buy the underlying crypto assets. No broker fees, no exit fees, no minimum investment and full control over your assets. Full blockchain transparency.
Source: CRYPTO20