The objective of the fund - Crypto20 will buy top 20 crypto assets by using ICO funding.
Portfolio composition as on August 16, 2017 was as under:
BTC 10%
ETH 10%
XRP 10%
BCC 10%
IOTA 8.6949%
NEO 8.0333%
LTC 7.7823%
NEM 7.7823%
DASH 5.2245%
ETH classic 4.4257%
QTUM 2.9597%
MONERO 2.4919%
OMG 2.2418%
STRATIS 2.0643%
WAVES 1.6404%
EOS 1.6030%
TENX 1.4856%
Zcash 1.4274%
BITshares 1.3338%
STEEM 0.9248%
Crypto20 provides a way to track performance of the Crypto market as a whole by holding a Single Crypto Asset.
As there are more than 1100 digital tokens for investors to choose, this becomes difficult for the investors, which further adds to the cost and regular monitor the same - here is where Crypto20 eliminates the complexity of the Crypto investor.
Crypto20 is SAFE ERC20 - compliant smart contract based on Ethereum platform.
It makes it easy for an investor to get exposure to crypto returns with broad, diversified risk.
The Token Issuance and ICO Structure :
ICO fund utilization- 98% Underlying Asset
02% Marketing, Pre-Exchange Listing, Legal Fees and Post ICO Audit.
Token Type - ERC20 Ethereum blockchain
Maximum Supply - 86,206,896
Available for Purchase - 75,000,000
Price per Token Now - $1.05
Week 4-6 of ICO - $1.10
Emission Rate - No new tokens will be minted, created and mined after the ICO.
Main Sale Period - October 16, 2017 -18h00 GMT to November 30, 2017 00h00 GMT.
After the closure, there will be a public audit in December 2017 by a public audit firm to verify the ICO Proceeds and release a public statement about the utilization.
December 2017 and January 2018 investors will be informed about the Portfolio Allocation.
The withdrawal of tokens can be done latest by January 14, 2018.
The tokens will be listed on major digital currency exchanges in January 2018.
How to Apply - https://crypto20.com is the website.
Step 1 Register
Step 2 Verify details
Step 3 Invest - when you reach step 3 link your CRYPTO20 token receiving address - this address should not be of any exchange - the address has to be of your personal wallet - I got myether wallet which supports all ERC20 tokens and is very user friendly - however in case of any difficulty you can contact me on contact@fundsmagnet.com.
Crypto20 is a high performance, low cost cryptocurrency index fund. There is no gestation period - the trading platform is complete.
This token represents an investor's share in the fund.
Moreover, this ICO is very different as it is ready to perform from DAY ONE.
I am very positive on CRYPTO20 ICO - in my opinion investment should be made in systematic plan for the reasons -
One token to monitor diversified portfolio.
Low cost of 0.50% annually.
First of it's kind in Crypto market.
Past performance highly commendable.
Disclaimer :Investment in Crypto - Tokens is subject to market as well regulatory authority risk - kindly read the fact sheet and white paper and also consult your financial adviser before making investment.
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