C20 C20

$0.7187
Market Cap $ 28.990 MM (#172)
24h Volume $ 14.162 K
Chg. 24h: 12.48%
Algo. score 3.9/5  (#61)
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C20 project purpose and description

C20 clarity of purpose

C20 purpose and aspects

C20 offers an automated index fund of the top 20 cryptocurrencies.

C20 additional differentiation against competition

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C20 categories

Short description

CRYPTO20 is the worlds first cryptocurrency-only tokenized index fund, and aims to provide a solution to this problem. The portfolio will autonomously maintain a diverse portfolio of the top 20 cryptocurrencies by market capitalization in the same way that funds such as the Vanguard 500 maintain a portfolio based on the market capitilization of the top 500 publicly listed US companies (the S&P 500). In order to continue to track the market (index) over time, CRYPTO20’S asset portfolio is adjusted regularly in a process called rebalancing.

Abstract

C20 is a utility token that is representative of a portion of the total value of the CRYPTO20 cryptocurrecy index. The initial tokens can only be acquired during the token offering process which is a one off, closed cap offering. The tokens provided will represent a participant’s share of the portfolio. 98% of the total amount contributed during the offering will go directly towards buying the underlying cryptocurrencies. C20 is an ERC20 token based upon the Ethereum blockchain. Operating on the blockchain allows for global accessability, 24/7 trading, transparency, public verification of CRYPTO20’s holdings and no expensive legacy banking fees.

Link to Roadmap: https://crypto20.com/en/#roadmap
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