Introducing C20 The First Tokenized Cryptocurrency Index Fund
Have you thought about getting into cryptocurrencies, but confused where to begin? CRYPTO20 is the first autonomous index fund tracking the top 20 cryptocurrencies by market capitalization through its token C20.
Crypto20 provides a simple way for individuals to invest in the cryptocurrency market without adding complexities or higher levels of risk. C20 brings attempts to minimize risk and volatility by tracking the top 20 alt coins similar to how S&P 500 tracks the top 500 stocks by market cap.
“Don’t look for the needle in the haystack. Just buy the haystack!” – John C. Bogle, founder of The Vanguard Group and inventor of the index fund.
Crypto20’s platform provides an autonomous means for the top 20 alt coins to be rebalanced on a weekly basis. The benefit of rebalancing is that it increases the possibility of a median return so that over many different growth windows they are just periods rebalancing fund. Rebalancing can be done on a daily weekly monthly bi-annual basis. These periods of rebalancing are essentially a risk minimization strategy because you’re taking the profits out of the coins that are very heavily weighted so that they don’t make up a majority of your portfolio. The Crypto20 index fund rebalances weekly and maintains a market cap limit of 10% in any one alternative coin. This means there is no single cryptocurrency dominating the fund asset value.
You can read the whitepaper and learn more at CRYPTO20