Crypto20 Ico Review

Crypto20 Ico Review – The First Tokenized Cryptocurrency Index Fund

About Crypto20

The ICO funds will be used to buy the underlying assets. Tokens can be liquidated through the Crypto20 smart contract for their share of the porfolio’s net asset value (NAV). This is key: it protects the token price as it would not be rational to sell at a lower value on exchange when tokens can be directly liquidated for a higher value. Funds with stellar performance attract substantial amounts of new money. A manager will most likely have to use that new money to ”chase” a relatively small group of coins.

This buying pressure can drive up coin prices, forcing the fund manager to pay higher prices than would otherwise be the case – affecting all token holders by reducing the fund’s future gains. This is the motivation for issuing no further tokens post-ICO. The total market cap of the S&P 500 (June 30th, 2017) was 21.83 trillion USD [1] while the entire combined cryptocurrency market cap is only a fraction (approximately 0.7%) of this [2]. The S&P 500 is only a small part of the global investment market. There is thus still significant potential to introduce retail investors into the Crypto20 market.

Exposure to Crypto20 returns with a broad, limited risk profile offers a compelling case to both crypto and fiat investors. CRYPTO20’s value proposition (diversification by holding a single token) will be heavily promoted via marketing and investor outreach. The only opportunity to purchase these tokens post-ICO will be on exchange from ICO participants – highlighting the real demand for reduced risk crypto investments whilst simultaneously creating value for participants.

Crypto20 Key Information

KeyPoints
Token NameCrypto20
Average price0.58 USD
Hard cap86,206,896
Distributed in ICO87%
Tokens for sale75,000,000
CountryUSA
AcceptingETH
Token SymbolIOX
Token TypeERC20
Raised$38,000,000
PlatformEthereum
Price in ICO1.1000 USD
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

The Game Change Team Behind Crypto20

Crypto20 Ico Review - The First Tokenized Cryptocurrency Index Fund

Autonomous ‘token-as-a-fund’

In 2017, Crypto20 team successfully pioneered the first tokenized crypto-only index fund, which used the seed funding to buy the underlying crypto assets. There are no broker fees, no exit fees, no minimum investment and full control over your assets. Full blockchain transparency. CRYPTO20 provides a way to track the performance of the crypto markets as a whole by holding a single crypto asset. Index funds have consistently beaten the average managed fund since their inception. There are literally thousands of cryptocurrencies for investors to choose from. Choice paralysis: choice adds cost, complexity and the need for advice. CRYPTO20 eliminates this complexity for the new crypto investor.

Low-fee Fund Benefits

Active traders and fund managers generally have a far higher fund expense ratio than that of an index fund – around 6 times higher than an index fund (3% p/a compared to 0.5% p/a). The effect of this is that the aggregate return of investors is less than zero sum which makes out performance compared to an index strategy and to the market much less ikely. Data from the Financial Research Corporation has been used to evaluate the predictive value of different fund metrics such as a fund’s past performance, Morning star rating, alpha, and beta [6].

In the study, a funds expense ratio was the most reliable predictor of its future performance, with low-cost funds delivering above-average performance relative to the funds in their peer group in all of the periods examined. Likewise, Morning star performed a similar analysis across its universe of funds and found that, regardless of fund type, low expense ratios were the best predictors of future relative out performance [7].

Hyperparameter Summary

A portfolio utilising a hybrid-market cap weighted index strategy that tracks 20 coins with a 10% cap weighting provides broad market exposure with acceptable turnover and mitigates risk by more evenly weighting the tracked assets. The cap also assists in future-proofing the porfolio because a single asset, and thus single source of risk, is not allowed to dominate. A weekly re-balancing frequency offers an acceptable balance between portfolio turnover and the ability to accurately track the underlying index.

Security and Transparency

Crypto20 has implemented security industry best practices for defense against Sybil attacks and bad actors in co-operation with your team of expert advisors. Strong identity verification and authentication procedures are in place to ensure secure operations. The smart contract code has been thoroughly audited by the Hosho Group (https://hosho.io/) for vulnerabilities, confirmation of operation as described in this White Paper, static and manual analysis of the smart contract, gas analysis and verification of the deployment procedure. Transparency in CRYPTO20’s trading activities and current holdings will be ensured through the use of view only exchange APIs as well as through proof of reserve for non-exchange wallets (this includes both hot and cold wallets).

Market and Industry Information

This Crypto20 includes market and industry information and forecasts that have been obtained from internal surveys, reports and studies, where appropriate, as well as market research, publicly available information and industry publications. Such surveys, reports, studies, market research, publicly available information and publications generally state that the information that they contain has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of such included information.

Save for the Company and its respective directors, executive officers and employees, no person has provided his or her consent to the inclusion of his or her name and/or other information attributed or perceived to be attributed to such person in connection therewith in this White Paper and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information by such person and such persons shall not be obliged to provide any updates on the same.

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